Everforth Inc (ASGN) Form 8-K — Oct 28, 2026
Everforth, Inc. (NYSE: EFOR) reported Q3 2026 revenues of $1,031.4 million and Adjusted EBITDA of $106.3 million, both above the high end of guidance, with Adjusted EBITDA margin at 10.3% at the top of its guidance range. However, GAAP net income fell to $23.1 million ($0.56 diluted EPS) from $38.1 million ($0.87) a year ago, with consolidated gross margin compressing 110 bps YoY on lower permanent placement revenue mix, FX headwinds, and a shift toward lower-margin cloud work. The company completed a refinancing that upsized its revolver to a five-year $600 million facility due 2031 and cut debt by $52.8 million during the quarter.
Key figures
- Eps
- 0.56
- Revenue
- 1031400000
- Guidance
- Q4 2026 revenues $965.0M-$995.0M; net income $17.9M-$25.5M; diluted EPS $0.43-$0.62; Adjusted EBITDA $93.0M-$103.0M; Adjusted Net Income per diluted share $0.95-$1.11
- Net Income
- 23100000
- Total Debt
- 1391000000
- Revenue Yoy
- up from $1,011.4 million (+2.0% YoY)
- Cash Position
- 147500000
- Term loan b
- $485.0 million (due 2030)
- Free cash flow
- 46500000
- Adjusted ebitda
- 106300000
- Revolver capacity
- $600.0 million (due 2031), ~$227.0 million available
- Operating cash flow
- 58700000
- Federal gross margin
- 19.8%
- Adjusted ebitda margin
- 10.3%
- Senior unsecured notes
- $541.0 million at 4.625% (due 2028)
- Commercial gross margin
- 31.9%
- Federal segment revenue
- 311500000
- Federal book to bill ttm
- 0.9 to 1
- Consolidated gross margin
- 28.3%
- Debt reduction in quarter
- 52800000
- Commercial segment revenue
- 719900000
- Commercial book to bill ttm
- 1.1 to 1
- Federal ttm contract awards
- $1.0 billion
- Buyback availability remaining
- $923 million
- Adjusted net income per diluted share
- 1.11
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