Everforth reported third quarter 2026 results that exceeded revenue and profit expectations, supported by strong demand in high-value digital segments. While consolidated gross margins contracted 110 basis points to 28.3%, the company achieved Adjusted EBITDA at the top end of its guidance range due to momentum in AI, cybersecurity, and cloud infrastructure services.
Key Highlights
- Commercial segment revenue grew to $719.9 million, led by a 14.6% year-over-year expansion in the Technology, Media and Telecom (TMT) vertical.
- Adjusted EBITDA of $106.3 million surpassed the $100 million guidance midpoint, despite margin pressure from a lower mix of high-margin permanent placement revenues.
- The company strengthened its balance sheet by reducing total debt by $52.8 million and refinancing its revolving credit facility into a new $600 million five-year agreement.