Key Highlights

  • Revenue was $112.9 million for the fiscal first quarter of 2027.
  • Gross profit increased 12% for the quarter.
  • Operating income rose 75% to $6.2 million, and adjusted EBITDA rose 47% to $9.9 million.
  • Operating cash flow was $7.8 million for the quarter.

EVI Industries (NYSEAM:EVI) reported Revenue of $112.9 million for its fiscal first quarter of 2027. The company's Gross Profit increased 12% in the quarter, Operating Income rose 75% to $6.2 million, and Net Income increased 108% from the prior-year quarter. Adjusted EBITDA rose 47% to $9.9 million, and Operating Cash Flow was $7.8 million.

Revenue and Gross Profit

The company reported revenue of $112.9 million for the quarter. Gross profit increased 12%, and the company's gross profit amount is reported in its full financial statements. EVI distributes commercial laundry equipment and related products to laundry operators across the United States and other markets.

Gross profit grew at the rate of 12% during the quarter, while operating income rose by 75%. Operating income growth outpaced gross profit growth in the quarter.

Operating Income, Net Income and Adjusted EBITDA

Operating income increased 75% to $6.2 million, and net income increased 108% from the prior-year quarter. Adjusted EBITDA increased 47% to $9.9 million. Adjusted EBITDA is a non-GAAP measure that the company uses to exclude certain items from its results.

The company's adjusted EBITDA Margin for the quarter is reported in its full results.

Cash Flow

Operating cash flow increased to $7.8 million in the quarter from the prior-year amount. The company's Cash Flow Statement sets out the components of operating cash flow, including changes in working capital.

Operating cash flow is reported before capital expenditures and financing activities, which are shown separately in the company's statements.

Final Word

EVI Industries reported fiscal first-quarter 2027 revenue of $112.9 million, gross profit up 12%, operating income of $6.2 million, up 75%, net income up 108%, adjusted EBITDA of $9.9 million, up 47%, and operating cash flow of $7.8 million.