Earnings ·
Everforth reports Q3 revenue of $1.03 billion and net income of $23.1 million
EFOREverforth Inc
Everforth reported third-quarter 2026 revenues of $1,031.4 million, up from $1,011.4 million in the prior-year period, driven by growth in both its Commercial and Federal Government segments. Net income was $23.1 million ($0.56 per diluted share), compared to $38.1 million ($0.87 per diluted share) a year ago, as gross margin compressed 110 basis points to 28.3 percent due to lower-margin cloud and infrastructure services and foreign currency impacts. Adjusted EBITDA was $106.3 million (10.3 percent of revenues), surpassing the high end of guidance. The company also announced fourth-quarter 2026 estimates, projecting revenues between $965.0 million and $995.0 million and adjusted EBITDA between $93.0 million and $103.0 million. Everforth is a leading technology and digital engineering company providing AI, cloud, cybersecurity, and IT modernization services.