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Here are a few analogies for EVI Industries:

• Xerox for commercial laundry equipment: Like Xerox provides and services copiers and printers for businesses, EVI Industries supplies, leases, and maintains commercial and industrial laundry and dry cleaning equipment.
• Caterpillar for commercial laundry equipment: Similar to how Caterpillar provides heavy machinery, parts, and services for construction and mining, EVI Industries offers a complete solution for commercial laundry needs, from equipment to maintenance.

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• Commercial, Industrial, and Vended Laundry and Dry Cleaning Equipment: EVI Industries distributes, sells, rents, and leases a wide range of equipment for washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.
• Steam and Hot Water Boilers: The company also distributes, sells, rents, and leases steam and hot water boilers.
• Replacement Parts and Accessories: EVI Industries supplies various replacement parts and accessories for the equipment it provides.
• Installation, Maintenance, and Repair Services: The company offers comprehensive services including the installation, ongoing maintenance, and repair of the equipment it sells or leases.

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EVI Industries (symbol: EVI) primarily sells its commercial and industrial laundry and dry cleaning equipment, steam and hot water boilers, related parts, and services to other companies and organizations, rather than directly to individuals.

While EVI Industries does not publicly disclose the names of its specific major customer companies, it serves a diverse range of client types. Based on the company description, its customer categories include:

• Government customers
• Institutional customers
• Industrial customers
• Commercial customers
• Retail customers

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The major suppliers of EVI Industries are:

• Electrolux Professional AB (Nasdaq Stockholm: EPRO)
• Girbau S.A.
• Whirlpool Corporation (NYSE: WHR)
• Alliance Laundry Systems LLC
• LG Electronics Inc. (KRX: 066570)

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Henry M. Nahmad, Chairman, President, and Chief Executive Officer

Henry M. Nahmad has served as Chairman, President, and Chief Executive Officer of EVI Industries, Inc. since March 2015, when he acquired a controlling interest in the Company. Under his leadership, EVI has transformed from a single operating business with 30 employees into a rapidly expanding enterprise, holding a commanding position in its industry. He has spearheaded a "buy-and-build strategy," leading to the acquisition of thirty-two businesses since 2016, aimed at expanding geographic reach and enhancing operational efficiency. Earlier in his career, Mr. Nahmad worked in various capacities at Watsco, Inc. (NYSE: WSO), gaining valuable experience in executing a buy-and-build strategy. He also previously served as Chief Executive Officer of Chemstar Corp., a provider of food safety and sanitation solutions, from July 2009 to March 2014. Mr. Nahmad holds a bachelor's degree in economics from the University of Texas and a Master's in Business Administration from the FW Olin Graduate School of Business at Babson College.

Robert H. Lazar, Chief Financial Officer and Chief Accounting Officer

Robert H. Lazar has served as Chief Financial Officer of EVI Industries, Inc. since December 2016, having joined the Company as its Chief Accounting Officer and Vice President of Finance in January 2017. Before his tenure at EVI, Mr. Lazar was the Vice President of Finance and Chief Accounting Officer for Steiner Leisure Limited, a NASDAQ-listed company, from 2000 to 2016. His professional experience also includes serving as a Senior Audit Manager for Arthur Andersen LLP from August 1995 to June 2000. Mr. Lazar earned his Bachelor of Accounting from the University of South Florida and a Master's of Accounting from the University of Miami.

Tom Marks, Executive Vice President - Business Development and President of West Region

Tom Marks has been an Executive Vice President of EVI Industries, Inc. since October 2016 and also serves as the President of the Company's Western Laundry Group. Prior to this role, Mr. Marks was the Executive Vice President of Western State Design, which was EVI's first acquisition of a commercial laundry business. He was also a partner to Dennis Mack at Western State Design for over fifteen years and was instrumental in developing and executing the growth strategy that established Western State Design as a prominent commercial laundry distributor.

Dennis Mack, Executive Vice President, Corporate Strategy and Director

Dennis Mack has served as Executive Vice President of EVI Industries, Inc. since October 2016, at which time the Company acquired Western State Design. His corporate title was changed to Executive Vice President, Corporate Strategy in December 2018. Mr. Mack founded Western State Design in 1974 and served as its President until 2020. Alongside his partner, Tom Marks, he built Western State Design into one of the leading distributors of commercial laundry products in the United States. He currently serves in a non-executive position as a strategic advisor to the Company's Chief Executive Officer.

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• Acquisition Risks: EVI Industries' growth strategy is significantly reliant on acquisitions, which presents inherent risks. These include challenges in successfully integrating acquired companies, potential diversion of management's attention from core operations, the possible loss of key employees or customer relationships from acquired entities, and increased financial leverage through debt or contingent liabilities.
• Supply Chain Disruptions: The company is vulnerable to interruptions in its supply chain, which can arise from factors such as labor shortages, governmental regulations, and natural disasters. Such disruptions could lead to increased operational costs and delays in delivering products to customers.
• Labor Market Challenges: EVI Industries faces risks related to the competitive labor market. Difficulties in attracting and retaining qualified personnel, alongside rising labor costs, could adversely impact the company's operational efficiency and its ability to provide services to customers.

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EVI Industries, Inc. operates within several addressable markets related to commercial, industrial, and vended laundry and dry cleaning equipment, as well as steam and hot water boilers. The market sizes for their main products and services are detailed below:

Commercial Laundry Equipment Market

• The global commercial laundry equipment market was valued at approximately USD 15,250.75 million in 2024 and is projected to reach USD 26,140.40 million by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 7.15% from 2025 to 2032.
• In North America, the commercial laundry machinery market held a value of USD 3.71 billion in 2023, accounting for 36.4% of the global market share.
• The U.S. commercial laundry machines market was valued at USD 1.1 billion in 2024 and is expected to grow at a CAGR of 5.2% from 2025 to 2034.
• The Asia-Pacific region is a rapidly expanding market for commercial laundry equipment, holding approximately 20% of the global share.

Industrial Laundry Equipment Market

• Globally, the industrial laundry equipment market was estimated at USD 5.98 billion in 2023 and is projected to reach USD 8.93 billion by 2032, with a CAGR of 4.55% from 2024 to 2032.
• North America represented approximately 25% of the global industrial laundry equipment market share in 2023. The U.S. industrial laundry machine market is expected to grow from USD 0.44 billion in 2023 to USD 0.82 billion by 2032, at a CAGR of 7.25%.
• The Asia-Pacific region accounted for around 35% of the global market share in 2023 and held the largest industrial laundry machine market share, valuing at USD 1.3 billion in 2025 and USD 1.39 billion in 2026.

Vended Laundry Equipment Market

• The global vended laundry equipment market was valued at USD 3.01 billion in 2024 and is projected to reach USD 4.38 billion by 2031, growing at a CAGR of 4.80% during the forecast period from 2024 to 2031. The market is also projected to experience an annual growth rate of 9.7% from 2025 to 2032.

Dry Cleaning Equipment Market

• The global dry cleaning equipment market size was valued at USD 1.53 million in 2026 and is expected to reach USD 2.16 million by 2035, growing at a CAGR of 3.9% during the forecast period.
• The broader global dry-cleaning and laundry services market was valued at USD 36.91 billion in 2024 and is projected to grow to USD 54.43 billion by 2034, exhibiting a CAGR of 5.8% from 2025 to 2034.
• The USA Laundry Facilities Dry Cleaning Services Market is valued at approximately USD 9.8 billion.

Commercial and Hot Water Boilers Market

• The global commercial boiler market was estimated at USD 16.2 billion in 2025 and is expected to grow to USD 34.7 billion by 2035, at a CAGR of 7.7% from 2026 to 2035.
• The global commercial steam boiler market is estimated to be valued at USD 5.0 billion in 2025 and is projected to reach USD 10.0 billion by 2035, registering a CAGR of 7.1% over the forecast period.
• Europe dominated the commercial boiler market in 2024.

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Here are the expected drivers of future revenue growth for EVI Industries (EVI) over the next 2-3 years:

1. Strategic Acquisitions: EVI Industries consistently employs a "buy-and-build" growth strategy, which has historically been a significant driver of revenue growth. The company continues to evaluate additional growth opportunities within the laundry ecosystem and maintains a disciplined acquisition strategy to expand its market presence and offerings.
2. Organic Growth Initiatives: Alongside acquisitions, EVI is focused on achieving organic revenue growth. The company reported a 7% compounded annual growth rate in organic revenue and plans to continue expanding its customer base through organic initiatives and broadening its OEM representations.
3. Investment in Technology and Operational Modernization: EVI Industries is committed to investing in its workforce, processes, and technology to drive long-term growth and enhance efficiency. This includes deploying advanced field service technology to optimize technician scheduling and dispatch, and implementing analytics-driven inventory and procurement tools. These investments aim to improve service consistency, margins, and expand complementary product and service offerings.
4. Expansion of Service Capabilities and Network: The company emphasizes the scale of its sales and service network across North America. EVI plans to deliver exceptional service at scale, with investments aimed at responding more rapidly to technical service needs and executing more coordinated equipment installations. Improved service interactions are also expected to generate insights for preventative maintenance or equipment replacement opportunities, leading to further sales.
5. Market and Geographic Expansion: EVI has expanded into new geographies and holds a leading position in the North American commercial laundry distribution industry. Recent acquisitions, such as Continental, are expected to provide new channels for growth by leveraging relationships with independent distributors across North America, serving as a master distributor for OEMs to accelerate market penetration.

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Share Repurchases

• EVI Industries repurchased shares to satisfy employee tax withholding obligations, with amounts of $(716) thousand in fiscal 2025 and $(1,244) thousand in fiscal 2024.
• For the six months ended December 31, 2025, repurchases for employee tax withholding obligations totaled $(1,470) thousand.
• As of March 31, 2021, the company had 434,622 shares remaining available under a stock buyback program authorized in October 2020, which allowed for the repurchase of up to 500,000 shares with no expiration date.

Share Issuance

• The company issued shares under its employee stock purchase plan, totaling $124 thousand in fiscal 2025 and $116 thousand in fiscal 2024.
• Shares were also issued in connection with acquisitions in fiscal 2025.
• Stockholders approved the 2025 Equity Incentive Plan in December 2025, which allows for awards to employees, officers, directors, and consultants.

Inbound Investments

• EVI Industries expanded its credit facility from $100 million to $150 million, with an accordion feature for an additional $50 million (totaling $200 million), in fiscal 2025 to support its acquisition strategy.
• The revolving credit facility was further amended in March 2025, increasing the total potential availability by $60 million to $200 million and extending its maturity date from May 2027 to March 2030.

Outbound Investments

• EVI Industries actively pursues a "buy-and-build" growth strategy, completing 31 acquisitions since 2016.
• In fiscal 2025, the company completed four acquisitions, including the purchase of Girbau North America (now Continental Laundry Solutions), which was the largest transaction in its history and is expected to add approximately $50 million in annual revenue. Cash paid for acquisitions, net of cash acquired, was $(46,925) thousand in fiscal 2025 and $(1,949) thousand in fiscal 2024.
• Recent acquisitions include Belenkyinc (March 2026), Girbau North America (March 2025), Haiges Machinery (January 2025), and O'Dell Equipment & Supply (November 2024).

Capital Expenditures

• Capital expenditures totaled $(4,861) thousand in fiscal 2025 and $(4,867) thousand in fiscal 2024.
• The company anticipates that existing cash, cash from operations, and funds from its credit facility will cover capital expenditures for at least the next twelve months (from September 2025).
• EVI Industries has been investing in technology initiatives, including a field service platform that expanded to 27 business units by June 2025, and new analytics-driven inventory and procurement tools.