Andersen Group Inc.

Andersen Group Inc. reported a significant decrease in net income for the first quarter of 2026, falling 64.9% to $17.7 million, despite a 15.7% increase in revenue to $240.7 million. Operating income also declined by 54.3% to $24.1 million. The company experienced a shift to negative cash flow from operating activities and a substantial increase in interest expense. Additionally, the redeemable noncontrolling interest was reclassified from temporary to permanent equity following an amendment to the AT Umbrella LLC Limited Liability Company Agreement.

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.

Andersen Group Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 22, 2026. Stockholders of record as of April 23, 2026, are eligible to vote on the election of eight director nominees and the ratification of BDO USA, P.C. as the independent registered public accounting firm for the year ending December 31, 2026. Proxy materials were distributed on April 30, 2026.

Andersen Group Inc. announced the appointment of Susan Decker to its Board of Directors, effective April 27, 2026. Her initial term will conclude at the 2026 annual meeting of stockholders. The Board, now expanded to eight members, determined Ms. Decker to be an independent director and appointed her to the compensation and risk committees. In connection with her eventual Board service, Ms. Decker was granted 2,500 profits interest units, which were exchanged for 250,000 Class X Aggregator Units and fully vested upon grant, subject to retention and conversion restrictions.