Everforth Inc (ASGN) Form 10-Q — Oct 29, 2026
Everforth (formerly ASGN) reported Q3 2026 revenue of $1.03 billion, up 2.0% year-over-year, but net income fell 39% to $23.1 million with diluted EPS of $0.56 versus $0.87 a year ago. Profitability deteriorated on multiple fronts: gross margin compressed 110 basis points to 28.3%, the effective tax rate jumped to 36.5% from 24.6% on higher foreign taxes and non-renewal of the Work Opportunity Tax Credit, and net interest expense rose to $20.2 million on higher borrowings tied to the $290 million Quinnox acquisition.
Key figures
- Eps
- 0.56
- Net Income
- 23100000
- Total Debt
- 1391000000
- Revenue Yoy
- 2.0% (Q3); 0.2% (nine months)
- Cash Position
- 147500000
- Shares Outstanding
- 41100000
- Leverage ratio
- 2.12 to 1
- Nine month eps
- 1.04
- Gross margin q3
- 28.3%
- Effective tax rate
- 36.5% vs 24.6% prior year
- Q3 2025 net income
- 38100000
- Gross margin change
- -110 bps YoY
- Interest expense q3
- 20200000
- Operating income q3
- 56600000
- Q3 2025 diluted eps
- 0.87
- Nine month net income
- 42800000
- Federal book to bill ttm
- 0.9 to 1
- Operating income q3 2025
- 67900000
- Quinnox acquisition price
- 290000000
- Commercial book to bill q3
- 0.9 to 1
- Operating cash flow prior year
- 225600000
- Buyback authorization remaining
- 922500000
- Operating cash flow nine months
- 129400000
AI analysis
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