Everforth ECS Wins $30M Defense Health Agency Contract

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โดย Insider Monkey·US·Read original
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Everforth said its federal segment, Everforth ECS, won a four-year, $30 million contract to support the Defense Health Agency's technology modernization program. Under the award, Everforth ECS will build predictive AI models, executive dashboards, and performance metrics giving DHA leaders visibility into program cost, schedule, cybersecurity risk, and cloud spending within the Defense Health Agency's Information Technology Program Support and Analytics Services program. The deal lands less than two weeks after Everforth's July 29 second-quarter report, which showed revenue of $1.01 billion and Adjusted EBITDA of $96.7 million both clearing the high end of management's own guidance, with the Federal Government Segment's gross margin improving to 19.6%, up 40 basis points from a year earlier. The same report showed consolidated revenue down from $1.02 billion a year earlier, net income of $14.2 million, or $0.35 per diluted share, versus $29.3 million and $0.67, and a federal segment book-to-bill ratio of 0.8 to 1 over the trailing twelve months. Everforth repurchased 0.4 million shares for $11.5 million, repaid $23.9 million of debt, and after the quarter refinanced its revolver into a new five-year, $600 million facility, while total long-term debt rose to $1,438.1 million at June 30 from $1,169.4 million at the end of 2025.

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Everforth ECS won a four-year, $30M Defense Health Agency contract for technology modernization and analytics services.

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