EVI — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-09-08

• During July 2026, the Company announced its plans to expand into the consumer garment care services industry and, in connection therewith, the Company entered into a definitive agreement to acquire Miami, Florida-based Sudsies, Inc. (“Sudsies”), a well-established operator in the garment care sector…

• As previously described, on September 1, 2026, the Company acquired Sudsies, which marked the Company's entry into the consumer garment care services industry providing cleaning, alteration, and repair services directly to consumers.

• The Company purchases products from a number of foreign suppliers. The Company’s purchases from foreign suppliers may be affected by the strength of the United States dollar relative to the currencies of the countries where its suppliers are located. Particularly, a weaker U.S. dollar would result i…

• As previously described, on September 1, 2026, the Company acquired Sudsies, which marked the Company’s expansion into the consumer garment care services industry. Garment care operations have historically, and may continue to involve, the use, storage, handling and disposal of chemicals and other s…

• The Company is also subject to rules and regulations with respect to its contracts and dealings with government facilities.

Text removed vs the prior filing · source: 10-K · 2025-09-11

• The Company files Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, files or furnishes Current Reports on Form 8-K, files or furnishes amendments to those reports, and files proxy and information statements with the SEC. These reports and statements, as well as beneficial ownership rep…

• As described above, in addition to its pursuit of organic growth initiatives, the Company’s growth strategy includes a “buy-and-build” growth strategy. The “buy” component of the strategy includes the consideration and pursuit of acquisitions and other strategic transactions which management believe…

• activities through its websites and by advertising online and in trade publications, participating in trade shows and engaging in regional promotions and incentive programs.

• manufacturers and suppliers. The Company believes that such relationships provide the Company with certain competitive advantages, including exclusivity for certain products in certain areas and, in certain cases, favorable pricing and other terms. While the Company has generally not experienced dif…

• The Company purchases products from a number of foreign suppliers. The Company’s purchases from foreign suppliers may be affected by the strength of the United States dollar relative to the currencies of the countries where its suppliers are located. Particularly, a weaker U.S. dollar would result i…

Text added vs the prior filing · source: 10-K · 2026-09-08

• Risks Related to the Commercial and Industrial Laundry Distribution and Service Business

• Conditions beyond the Company’s control can interrupt the Company’s supplies, increase its product costs and impair its ability to deliver products and services to its customers.

• The Company obtains its products from third-party suppliers. Although purchasing volume can provide benefits when dealing with suppliers, suppliers may not be able to provide the products and supplies that the Company needs in the quantities and at the prices requested, including due to conditions o…

• In addition to the foregoing, delays in construction of customers’ facilities, whether due to supply or labor shortages or any other factors, have resulted, and may continue to result in, delays in the Company’s fulfillment of orders to such facilities, which may adversely impact the Company’s opera…

• The Company’s business and results may be adversely affected if the Company does not maintain its relationships with its significant suppliers or customers.

Text removed vs the prior filing · source: 10-K · 2025-09-11

• Conditions beyond the Company’s control can interrupt the Company’s supplies, increase its product costs and impair its ability to deliver products and services to its customers.

• The Company obtains its products from third-party suppliers. Although purchasing volume can provide benefits when dealing with suppliers, suppliers may not be able to provide the products and supplies that the Company needs in the quantities and at the prices requested, including due to conditions o…

• In addition to the foregoing, delays in construction of customers’ facilities, whether due to supply or labor shortages or any other factors, have resulted, and may continue to result in, delays in the Company’s fulfillment of orders to such facilities, which may adversely impact the Company’s opera…

• The Company’s business and results may be adversely affected if the Company does not maintain its relationships with its significant suppliers or customers.

• While the Company purchases the products it distributes from a number of manufacturers and suppliers, purchases from four manufacturers accounted for a total of approximately 72% and 73% of the Company’s product purchases for fiscal 2025 and 2024, respectively. The Company believes it has good worki…

Text added vs the prior filing · source: 10-K · 2026-09-08

• Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

• Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

• Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

• Certain Relationships and Related Transactions, and Director Independence

• Unless the context otherwise requires, references to the “Company” or “EVI” in this Annual Report on Form 10-K (this “Report”) refer to EVI Industries, Inc., collectively with its subsidiaries. References in this Report to “fiscal 2026” or any period thereof refer to the Company’s fiscal year ended …

Text removed vs the prior filing · source: 10-K · 2025-09-11

• Item 7AQuantitative and Qualitative Disclosures About Market Risk 35

• Item 9Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 72

• Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections 76

• Item 10Directors, Executive Officers and Corporate Governance 77

• Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 77

Text added vs the prior filing · source: 10-K · 2026-09-08

• During July 2026, the Company announced its plans to expand into the consumer garment care services industry and, in connection therewith, the Company entered into a definitive agreement to acquire Miami, Florida-based Sudsies, Inc. (“Sudsies”), a well-established operator in the garment care sector…

• Total revenues for fiscal 2026 increased by 15% compared to fiscal 2025. The increase was attributable to revenues generated by businesses acquired by the Company during fiscal 2025 and 2026.

• Net income for fiscal 2026 increased by 3% from fiscal 2025. The increase in net income was primarily attributable to increases in revenue (as described above) and gross margin, partially offset by increases in selling, general, and administrative expenses, interest expense, and income taxes.

• During fiscal 2025, the Company acquired Florida-based Laundry Pro of Florida, Inc., Indiana-based O’Dell Equipment & Supply, Inc., Illinois-based Haiges Machinery, Inc., and Wisconsin-based Girbau North America, Inc. The total consideration for these transactions was $51.0 million, consisting of $5…

• During fiscal 2026, the Company acquired New York-based ASN Laundry Group and Ohio-based Belenky, Inc. The total consideration for these transactions consisted of $3.9 million, consisting of $3.1 million in cash and $0.8 million in amounts payable to the sellers as of June 30, 2026.

Text removed vs the prior filing · source: 10-K · 2025-09-11

• Total revenues for fiscal 2025 increased by 10% compared to fiscal 2024. The increase was attributable to revenues generated by businesses acquired by the Company during fiscal 2025 as well as price increases established throughout the Company’s product lines and service offerings aimed at maintaini…

• Net income for fiscal 2025 increased by 33% from fiscal 2024. The increase in net income was primarily attributable to increases in revenue (as described above) and gross margin, partially offset by increases in selling, general, and administrative expenses.

• During fiscal 2024, the Company acquired Pennsylvania-based ALVF, Inc. (d/b/a ALCO Washer Center) and Texas-based Signature Services Corporation (d/b/a Ed Brown Distributors). The total consideration for these transactions consisted of $2.0 million in cash and the issuance of 8,621 shares of the Com…

• During fiscal 2025, the Company acquired Florida-based Laundry Pro of Florida, Inc., Indiana-based O’Dell Equipment & Supply, Inc., Illinois-based Haiges Machinery, Inc., and Wisconsin-based Girbau North America, Inc. The total consideration for these transactions was $51.0 million, consisting of $5…

• In addition to the foregoing, on August 1, 2025, the Company acquired New York-based ASN Laundry Group for total consideration of $0.6 million in cash. The financial position, including assets and liabilities, and results of operations of ASN Laundry Group following the August 1, 2025 closing date o…

Text added vs the prior filing · source: 10-K · 2026-09-08

• Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

• Certain Relationships and Related Transactions, and Director Independence

• Unless the context otherwise requires, references to the “Company” or “EVI” in this Annual Report on Form 10-K (this “Report”) refer to EVI Industries, Inc., collectively with its subsidiaries. References in this Report to “fiscal 2026” or any period thereof refer to the Company’s fiscal year ended …

• Certain statements in this Report are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this Report, words such as “may,” “should,” “could,” “seek,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “intend,” “strategy” and …

Text removed vs the prior filing · source: 10-K · 2025-09-11

• Item 10Directors, Executive Officers and Corporate Governance 77

• Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 77

• Item 13Certain Relationships and Related Transactions, and Director Independence 78

• Unless the context otherwise requires, references to the “Company” or “EVI” in this Annual Report on Form 10-K (this “Report”) refer to EVI Industries, Inc., collectively with its subsidiaries. References in this Report to “fiscal 2025” or any period thereof refer to the Company’s fiscal year ended …

• Certain statements in this Report are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this Report, words such as “may,” “should,” “could,” “seek,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “intend,” “strategy” and …