Q2 2026 EVI Industries Inc Earnings Call (Pre-recorded) Transcript
Key Points
- EVI Industries Inc (EVI) achieved record second quarter revenue, gross profit, and operating profit, surpassing $425 million in trailing 12-month revenue.
- The company has experienced significant growth since 2016, with compounded annual growth rates of approximately 30% in revenue, 16% in net income, and 27% in adjusted EBITDA.
- EVI Industries Inc (EVI) is making significant investments in people, processes, and technology to enhance scalability, integration, and efficiency, positioning the company for long-term profitability.
- Revenue increased 24% year-over-year to $115 million, driven by contributions from acquired businesses and legacy operations.
- The company generated positive operating cash flow during the three and six-month periods ended December 31, 2025, maintaining strong liquidity and financial flexibility.
- Operating margin expansion was impacted by higher operating expenses associated with investments in technology, modernization, and organizational infrastructure.
- Cash flow was affected by a planned inventory buildup of approximately $12 million to support confirmed customer sales orders.
- The company faced higher operating expenses due to continuing investments in service capability expansion and integration activities.
- Despite strong performance, the strategic use of capital included a $5 million cash dividend and the final purchase price payment related to the Continental acquisition, impacting cash flow.
- The company's growth strategy involves significant investments, which may pose risks if anticipated returns are not realized.
Hello, and welcome to EVI Industries earnings call for the second quarter of fiscal 2026. I am Henry Nahmad, Chairman and CEO of EVI Industries.
Before we begin, I'd like to remind you that this presentation contains forward-looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed. For additional information, please refer to our earnings press release issued today and to our filings with the SEC, including the Risk Factors section of our most recent annual report on Form 10-K.
This discussion will also include a reference to adjusted EBITDA, which is a non-GAAP financial measure. A full definition and reconciliation to net income can be found in our earnings release.
First, I want to thank all our dedicated associates across North America for another great quarter. Your dedication, hard work, creativity and commitment to our customers continue to
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