EVI Industries Q1 FY27 net income more than doubles to $3.85 million
EVI•EVI•EVI•EVI•EVI Industries’ first-quarter FY27 net income more than doubled year over year to $3.85 million, while revenue rose to $112.95 million and operating cash flow reached $7.8 million. Net debt increased to $76.7 million, primarily reflecting borrowings for the Sudsies acquisition.
EVI Industries reported first-quarter FY27 net income of $3.85 million, more than double the year-earlier figure. Revenue rose year over year to $112.95 million, with commercial laundry growth led by parts, service and installation activities. Operating cash flow climbed to $7.8 million.
Net debt rose 74% from June 30 to $76.7 million at September 30, primarily reflecting borrowings for the Sudsies acquisition. The September 1 acquisition established a consumer garment care services division; Commercial Laundry Equipment was acquired after quarter-end.
