Seven Letter, a member firm of Public Policy Holding Company (PPHC), is celebrating its twentieth anniversary as a communications firm. Founded by Erik Smith in Washington, D.C., in 2006, it now has offices in Washington, Boston, New York and Los Angeles.
The firm reports that 50% of staff hold equity and 25% started as interns or fellows. Clients stay with Seven Letter for more than five years on average; 35% of colleagues have spent more than five years at the firm, and 21% have a ten-year tenure. Its services include public affairs, crisis and corporate communications, with in-house research, digital advertising and creative teams.
Public Policy Holding Company (PPHC) has declared a 2026 interim dividend of $0.117 per share, about 2% higher than the 2025 interim dividend of $0.115 per share (adjusted for the prior 5-for-1 share consolidation).
The dividend represents an aggregate payout of approximately $3.6 million, compared with about $2.9 million for 2025, based on the current number of outstanding shares. Shareholders of record as of the close of business on September 25, 2026 will be eligible, with the ex-dividend date also on September 25, 2026, and payment expected no later than October 23, 2026. The company said this is in line with its policy of paying up to 30% of Adjusted Net Income and targeting roughly one-third of the expected annual dividend as an interim payment.
Public Policy Holding Company (Nasdaq: PPHC) reported Q2 2026 revenue of $52.1 million, up 7.3% year over year, with organic growth of 3.9%. GAAP net loss improved to $3.7 million from $5.7 million, while Adjusted EBITDA declined 4.4% to $12.3 million at a 23.5% margin. Adjusted net income was $10.6 million, down 11.0%.
For H1 2026, revenue rose 16.3% to $102.3 million with 4.4% organic growth. Adjusted EBITDA increased 9.3% to $23.4 million (22.9% margin) and Adjusted net income grew 15.3% to $17.9 million, while GAAP net loss narrowed to $15.2 million. PPHC completed one acquisition in H1 and two post-period, paid a $7.0 million dividend in Q2, and ended the quarter with net debt of $5.2 million.
The company raised its full-year 2026 guidance to revenue of $213–216 million and Adjusted EBITDA of $48.5–50.5 million, reflecting contributions from recent acquisitions, and continues to target approximately 5% organic revenue growth.
Public Policy Holding Company (NASDAQ: PPHC, AIM: PPHC.L) has acquired Florida-based government relations firm The Advocacy Partners (TAP), effective August 1, 2026. Initial consideration totals $20.4 million, comprising $18.36 million in cash from the balance sheet and $2.04 million in new common shares issued to TAP owners and key employees, subject to vesting and restrictive covenants.
For the year ended 31 December 2025, TAP reported unaudited net revenues of $9.5 million and adjusted profit before tax of $4.6 million, implying a 48% margin. The deal is described by PPHC as immediately earnings and margin accretive. Future earnout payments, contingent on profit growth between 2026 and 2030, could reach up to $54.6 million, bringing maximum aggregate consideration to $75 million if TAP achieves about 35% compound annual profit growth through 2030.
Public Policy Holding Company (Nasdaq: PPHC, AIM: PPHC.L) will release its second quarter 2026 financial results for the three and six months ended June 30, 2026 on Monday, August 10, 2026, after market close. Management will host a conference call the same day at 4:30 p.m. Eastern Time, led by CEO Stewart Hall, CFO Roel Smits, and Chief Strategy Officer Thomas Gensemer. The company will also publish its Q2 results on the London Stock Exchange’s RNS at 7:00 a.m. BST on Tuesday, August 11, 2026.
PPHC management will additionally present at Canaccord Genuity’s 46th Annual Growth Conference in Boston, held August 11–12, 2026, including a webcast presentation on Wednesday, August 12 at 11:30 a.m. Eastern Time and availability for 1x1 investor meetings during the conference.
PPHC (NASDAQ: PPHC) announced that Seven Letter, its strategic communications agency, is enhancing its public affairs capabilities in New England and Washington, D.C. with two senior hires. Greg Honan joins as Managing Director in Boston, bringing more than a decade of political and communications experience, including senior roles at the White House and the City of Boston. Esther Lynch joins as Content Specialist in Washington, D.C., adding international experience in workforce policy, corporate social responsibility and ESG, following two semesters in Seven Letter’s fellowship program. According to PPHC, these appointments support Seven Letter’s growth as it approaches its 20th anniversary and increase the depth of expertise available to clients across the group.
Public Policy Holding Company (NASDAQ: PPHC) acquired London-based Tancredi Intelligent Communication, which will operate within TrailRunner International. Tancredi recorded unaudited 2025 net revenue of £4.3m and profit before tax of £1.3m. Initial consideration totals £8m, with aggregate consideration capped at £25m including earnouts.
Public Policy Holding Company (Nasdaq: PPHC) announced that management will participate in Stifel’s Ninth Annual Boston Cross Sector 1x1 Conference in Boston, MA, held June 2-3, 2026.
CEO Stewart Hall and CAO Matthew Mazzanti will be available for 1x1 investor meetings on June 3, 2026.
Public Policy Holding Company (Nasdaq: PPHC) reported strong Q1 2026 results, with revenue up 27.5% year-over-year to $50.1 million and organic growth of 5.1%. Adjusted EBITDA rose 29.7% to $11.2 million (22.3% margin) and adjusted net income reached $7.4 million.
PPHC posted a GAAP net loss of $11.5 million and reduced net debt to $1.8 million following its U.S. IPO. The company announced the acquisition of WPI Strategy, continued integrating Pine Cove and TrailRunner, and was added to the Russell 2000 and Russell 3000 indices.
For 2026, PPHC guides to revenue of $205–$209 million and adjusted EBITDA of $46–$48 million, implying a 22%–23% margin, excluding future acquisitions.
Public Policy Holding Company (NASDAQ: PPHC) announced MultiState Associates acquired the assets of Cowen Consulting and Putnam Strategies and hired Lee Cowen and Nicholas Evans to expand its stakeholder engagement practice on May 1, 2026. The additions strengthen MultiState's team serving governors' associations, attorney general groups, and large national clients.
The hires build on a practice launched over the past three years under Maggie Mick and aim to offer clients expanded services including issues management and lobbying compliance.