Everforth Inc — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 38/100
What the filing says
Everforth reported Q3 2026 revenues of $1,031.4M (up 2% YoY), net income of $23.1M, and Adjusted EBITDA of $106.3M (10.3% margin)—all exceeding guidance. However, gross margin compressed 110 bps YoY to 28.3% due to lower high-margin permanent placements, FX headwinds, and shift to lower-margin cloud services. The company refinanced its revolver to $600M (5-year, due 2031), replacing prior revolver and Term Loan A, and paid down $52.8M debt ($43.8M under secured facility, $9.0M unsecured notes repurchased). Q4 2026 guidance: revenues $965–995M; Adjusted EBITDA $93–103M (9.6–10.4% margin).
Why this rating
Beat guidance is positive, but margin compression (110 bps YoY), declining YoY net income (-39%), and modest guidance (Q4 down sequentially) offset relief. Debt paydown is small (2.5% of $2.1B market cap). Routine quarterly update.
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