Everforth, Inc. Q3 2026 Earnings Recap

Everforth shares fell 4.5% after earnings, suggesting investors focused less on the quarter’s results above the company’s guidance range and more on concerns about the outlook. The transcript excerpt does not provide forward guidance or a specific cause for the decline, so the likely driver cannot be confirmed.

Key Takeaways

• Revenue was $1.03 billion and adjusted EBITDA was $106.3 million, both above the high end of company guidance; adjusted EBITDA margin was 10.3%, at the top end of its range.
• Commercial consulting book-to-bill was 1.1x on a trailing 12-month basis. Sequential growth was led by TMT and business services, while consumer and industrial, financial services, and health care were relatively stable.
• Federal awards totaled $584.4 million, with quarterly book-to-bill of 1.9x but trailing 12-month book-to-bill of 0.9x. Federal backlog was approximately $2.9 billion, or 2.5x trailing 12-month revenue.
• Security and risk bookings were up more than 40% year to date versus the first nine months of 2025, and the pipeline increased in the mid-teens since the end of the third quarter.