Quarterly ResultMay 5, 2026, 04:14 PM
Versigent Q1 Revenue $2.21B, Net Income $78M; Initiates Dividend, Buyback
AI Summary
Versigent PLC reported its first quarter 2026 financial results, with revenue increasing 9% to $2.21 billion and net income attributable to Versigent at $78 million. The company reaffirmed its full-year 2026 guidance, projecting revenue between $9.1 billion and $9.4 billion and adjusted EBITDA of $950 million to $1.03 billion. Additionally, Versigent announced a new capital allocation framework, including a quarterly dividend policy of $0.13 per share and a share repurchase program of up to $250 million.
Key Highlights
- Q1 2026 Revenue: $2,212 million, an increase of 9% (3% adjusted for currency/commodity).
- Q1 2026 Net income attributable to Versigent: $78 million.
- Q1 2026 Adjusted EBITDA: $203 million, with an Adjusted EBITDA margin of 9.2%.
- Q1 2026 Free cash flow: $(30) million, including $26 million of separation costs.
- Full-year 2026 Revenue Guidance: $9,100 million to $9,400 million.
- Full-year 2026 Adjusted EBITDA Guidance: $950 million to $1,030 million.
- Board approved a quarterly dividend policy of $0.13 per share.
- Board approved a share repurchase program for up to $250 million of the Company’s shares.