Everforth Inc's Schedule 13G amendment reports Vanguard Capital Management's beneficial ownership of 2,038,873 shares of common stock, equal to 4.97% of the class, as of September 30, 2026. The reported position includes Vanguard Capital Management LLC and identified affiliates, with sole dispositive power over 2,038,873 shares and sole voting power over 306,662 shares; shared voting and dispositive power were zero.
Vanguard Capital Management, including investment companies and managed accounts, has the right to receive or direct dividends or sale proceeds; no other person's interest in the reported securities exceeds 5%. The amendment was signed by My Trieu-Gatt, Authorized Signatory, Head of Global Fund Administration.
Everforth, Inc. (EFOR) reported third-quarter 2026 revenue of $1,031.4 million, up 2.0% from $1,011.4 million a year earlier, while net income was $23.1 million versus $38.1 million. Diluted earnings per share were $0.56 versus $0.87. Consolidated gross margin was 28.3%, compared with 29.4%. Everforth attributed lower Commercial Segment margins to lower permanent-placement mix, foreign-exchange effects and a shift toward cloud and infrastructure services with lower margins; Federal Government margins reflected more cost-reimbursable work.
For the first nine months, revenue was $3,006.7 million versus $3,000.3 million; net income was $42.8 million versus $88.3 million, and operating cash flow was $129.4 million versus $225.6 million. Everforth acquired Quinnox in March for $290.0 million in cash; preliminary purchase accounting remained incomplete. As of September 30, 2026, long-term debt was $1,391.0 million, cash was $147.5 million, and the leverage ratio was 2.12 to 1; Everforth reported compliance with debt covenants. Management believes cash, expected operating cash flows and available credit will be sufficient for obligations, working capital and capital expenditures for the next 12 months and beyond.
Everforth, Inc. (EFOR) reported third-quarter 2026 revenue of $1,031.4 million, compared with $1,011.4 million a year earlier. Net income was $23.1 million, down from $38.1 million, and diluted earnings per share were $0.56 versus $0.87. Adjusted EBITDA, a non-GAAP measure, was $106.3 million versus $112.6 million, with a 10.3% margin versus 11.1%. Operating cash flow was $58.7 million versus $83.9 million, while free cash flow was $46.5 million versus $72.0 million.
Consolidated gross margin was 28.3%, down from 29.4%. The company completed a refinancing and upsizing, replacing its previous revolver and Term Loan A with a five-year $600 million revolving facility due 2031, and reduced debt by $52.8 million. Fourth-quarter estimates, based on current market conditions and assuming no deterioration in markets served, are revenue of $965.0 million to $995.0 million, net income of $17.9 million to $25.5 million, and Adjusted EBITDA of $93.0 million to $103.0 million.
Everforth, Inc. reported revenue of $1,007.0 million for the quarter ended June 30, 2026, down 1.3% year-over-year, with net income of $14.2 million versus $29.3 million and diluted EPS of $0.35 versus $0.67. Commercial contributed about 70% of revenue (down 0.9%) and Federal Government about 30% (down 2.3%). Consolidated gross margin slipped to 28.3% from 28.7%, as Commercial margins compressed, partly offset by a modest improvement in Federal margins.
For the first six months of 2026, revenue was $1,975.3 million, down 0.7%, while net income fell to $19.7 million from $50.2 million as higher SG&A, including $22.6 million of acquisition, integration and strategic planning expenses, and higher interest expense of $37.5 million weighed on results. The March 2026 acquisition of Quinnox added identifiable intangibles of $173.6 million in customer relationships and $137.4 million of goodwill.
Total assets rose to $4,023.5 million, driven by acquisitions, while long-term debt increased to $1,438.1 million, including a drawn revolver of $318.0 million and $550.0 million of senior notes, with a leverage ratio of 2.17 to 1 versus a 3.75 to 1 covenant. Operating cash flow declined to $70.7 million from $141.7 million, largely due to higher accounts receivable, as the company spent $283.6 million on the Quinnox acquisition, repurchased $50.5 million of stock, and ended with cash of $152.9 million and $180.0 million of revolver availability. A July 2026 amendment increased the revolver to $600.0 million, extended its maturity to 2031, and repaid term loan A.
Everforth, Inc. reported second quarter 2026 revenues of $1,007.0 million, slightly below the prior-year period, with net income of $14.2 million, or $0.35 per diluted share. Adjusted EBITDA was $96.7 million, representing a 9.6% margin, and Free Cash Flow was $46.3 million.
Commercial operations generated $701.7 million of revenue (70% of total) and Federal Government $305.3 million, with consolidated gross margin of 28.3%. Management highlighted a trailing-twelve-month Commercial IT consulting book-to-bill of 1.2x and Federal new contract awards of $0.9 billion with a 0.8x book-to-bill.
Everforth ended June 30, 2026 with $152.9 million of cash and $1,438.1 million of long-term debt, repurchased 0.4 million shares for $11.5 million, and subsequently replaced its revolver and Term Loan A with a new five-year $600 million revolving facility. For third quarter 2026 it estimates revenue of $994.0–$1,024.0 million, net income of $14.5–$23.0 million, and Adjusted EBITDA of $95.0–$105.0 million.
Everforth, Inc. entered into a Third Amendment to its credit agreement, refinancing and upsizing its revolving credit facility from $500 million to $600 million. The amendment extends the facility’s maturity from February 14, 2028 to July 7, 2031, subject to earlier maturity if certain 2028 senior unsecured notes or term B loans remain outstanding above specified levels.
Borrowings under the amended facility are priced at Term SOFR plus 1.75–2.75% or a base rate plus 0.75–1.75%, depending on secured leverage. The consolidated secured leverage ratio covenant will step down to 3.50x starting with the quarter ending June 30, 2027 and to 3.25x starting with the quarter ending June 30, 2028. Proceeds from the revolver were used in part to repay the company’s term A loans in full, while existing security and guarantee arrangements remain in place.
The company also announced its second quarter 2026 earnings conference call on July 29, 2026 at 4:30 p.m. ET, with details for phone and webcast access provided.
Everforth, Inc. reported the results of its 2026 Annual Meeting of Stockholders. Of 41,154,728 shares entitled to vote as of April 16, 2026, 38,990,956 shares were represented by proxy, establishing a strong quorum.
Stockholders elected Mark A. Frantz, Carol J. Lindstrom and Arshad Matin to the board to serve until the 2029 annual meeting or until successors are elected and qualified. They also approved, on an advisory basis, the company’s 2025 executive compensation program and ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. With Jonathan S. Holman’s retirement effective at the meeting, the board size was set at nine directors.
Everforth Inc director Jonathan S. Holman reported a small tax-related share disposition. On the vesting of restricted stock units, the company withheld 386 shares of common stock at $20.20 per share to cover his tax obligations. After this withholding, he directly holds 15,507 shares.
Everforth Inc. received a Schedule 13G filing from AQR Capital Management entities reporting beneficial ownership of 2,530,650 shares of Common Stock, equal to 6.13% of the class as of 03/31/2026. The filing shows shared voting power of 2,469,149 shares and shared dispositive power of 2,530,650 shares. The report is filed on behalf of AQR Capital Management, LLC and its parent AQR Capital Management Holdings, LLC; AQR Capital Management, LLC is disclosed as a wholly owned subsidiary.
Everforth, Inc. reported flat quarterly revenue of $968.3 million for the three months ended March 31, 2026, but a sharp drop in profitability. Net income fell to $5.5 million from $20.9 million a year earlier, with diluted EPS declining to $0.13 from $0.48.
Commercial Segment revenue inched up to $675.5 million, while Federal Government revenue slipped to $292.8 million, leaving total revenue unchanged. Consolidated gross margin compressed to 27.5% from 28.4%, mainly due to business mix shifts and foreign exchange impacts in the Commercial Segment.
Everforth completed the $290.0 million cash acquisition of Quinnox, adding $173.6 million of customer relationship intangibles and $137.7 million of goodwill. To fund acquisitions and repurchases, long-term debt rose to $1.46 billion, while cash ended at $143.6 million. The company repurchased 797,131 shares for $39.0 million and still has $934.0 million remaining under its $1.0 billion authorization.