Andersen Group Q2 revenue beats estimates on client additions, higher volumes
ANDG•Outlook reaffirmed
- Andersen Group reaffirms 2026 revenue guidance of $980 mln to $1 bln
- Company expects 2026 adjusted EBITDA of $225 mln to $250 mln with margins of 23%-25%
- Andersen Group anticipates return to full-year net income and positive EPS in 2026
What drove the quarter
- Broad-based growth - Co said all service lines contributed to Q2 revenue growth, with strong client additions and higher volumes
- Decline in equity compensation expense - Lower non-cash equity-based compensation expense supported adjusted net income growth
- Operating leverage - Co said operating leverage from its scalable model helped adjusted net income rise faster than revenue
Q2 revenue and profit rise
- U.S. tax and financial advisory firm's Q2 revenue grew 24% year/yr, beating analyst expectations
- Adjusted net income for Q2 rose 39% year/yr as equity-based compensation expense declined
- Company closed acquisitions in Ireland, New Zealand, Nigeria and Uruguay during Q2
