Quarterly ResultMay 12, 2026, 04:24 PM
Andersen Q1 Revenue +15.7% to $240.7M; Updates Full-Year Guidance
AI Summary
Andersen Group Inc. reported strong first-quarter 2026 financial results, with revenue increasing 15.7% to $240.7 million. Adjusted net income rose to $62.9 million, though GAAP net income decreased to $17.7 million due to higher equity-based compensation. The company updated its full-year 2026 revenue guidance to $980 million to $1 billion and announced recent acquisitions in Ireland, New Zealand, Nigeria, and Uruguay, with further agreements in Switzerland and Canada.
Key Highlights
- Q1 2026 Revenue: $240.7 million, up 15.7% from $208.1 million in Q1 2025.
- Q1 2026 GAAP Net Income: $17.7 million, down from $50.6 million in Q1 2025.
- Q1 2026 Adjusted Net Income: $62.9 million, up from $55.2 million in Q1 2025.
- Q1 2026 Diluted EPS: $0.03.
- Updated Full-Year 2026 Revenue Guidance: $980 million to $1 billion.
- Updated Full-Year 2026 Adjusted EBITDA Guidance: $225 million to $250 million.
- Completed acquisitions in Ireland, New Zealand, Nigeria, and Uruguay in May 2026.
- Signed agreements for acquisitions in Switzerland and Canada, expected Q3 2026.