EVI Industries, Inc. (EVI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to EBI Industries earnings call for the first quarter of fiscal 2026. I am Henry Namid, Chairman and CEO of EBI. 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. I want to thank all our people across North America for another great quarter. through hard work, creativity, and commitment to our customers continue to drive EVI's progress and performance. During the first quarter, we achieved another set of record results, records in revenue, records in gross profit, and continued strength across our business. These results reflect not only strong execution, but also the enduring demand for the products and services we provide and the value our teams deliver every day. This quarter, revenue was up 16% to a record $108 million, and gross profit grew 17% to a record $34 million, and that's a record 31.3% gross margin. These results show that our strategy is working and that the fundamentals of our business remain strong. Now, if you look back to the first quarter of last year, we achieved solid operating leverage with adjusted EBITDA at 8.1%, and that performance came from strong revenue growth and record gross profits that more than offset ...