Evi Industries, Inc. (NYSE: EVI)

Evi Industries, Inc. is a value added distributor that provides advisory and technical services for commercial laundry operations. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It also offers related parts and accessories, as well as installation, maintenance, and repair services through its network of technicians.

Evi Industries, Inc. generates revenue from the sale and lease of its commercial laundry equipment, the distribution of parts and accessories, and the provision of installation, maintenance, and repair services. Its revenue streams are supported by a broad sales organization that engages customers via telephone, email, trade shows, and online channels. The company serves a diverse customer base that includes government, institutional, industrial, commercial, and retail entities.

Evi Industries, Inc. operates through the following segments.

• Single operating and reportable segment: The company distributes commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications, sells related parts and accessories, and provides installation, maintenance, and repair services.

Evi Industries, Inc. competes in a highly fragmented market with over 500 independent distributors in the United States and no single competitor holding a major share. Competitive advantages include an experienced sales force, a comprehensive product line, a robust service network, well located inventory, and investment in technology to improve customer experience. The company’s ability to design optimal laundry facilities and offer competitive pricing further supports its position.

Evi Industries, Inc. serves approximately 55,000 customers located primarily in the United States, Canada, the Caribbean, and Latin America. Its customer base includes government agencies, institutional facilities such as hospitals and nursing homes, industrial laundry operations, commercial establishments like hotels and food service venues, and retail outlets including vended laundry facilities. No single customer accounted for more than 10% of revenues in fiscal 2024 or fiscal 2025.