ITG, Inc. Reports Strong Q3 2026 Results with 49% Revenue Growth and Increased EBITDA Guidance
ITG, Inc. (ITG) delivered a robust third quarter for 2026, reporting a 49% year-over-year revenue increase driven by organic growth and strategic acquisitions, including Full Circle Fiber. The company saw significant momentum in its Infrastructure Deployment segment, which grew 63%, fueled by seasonal construction ramps and the commencement of major data center projects. Adjusted EBITDA rose 63% to $64.5 million, with margins expanding to 14% as business start-up headwinds subsided. The company's backlog remains strong at $1.5 billion, a 27% increase year-over-year, supported by new Master Service Agreement awards and national fiber build-out contracts. Following these results, management raised its full-year Adjusted EBITDA growth guidance to 37%, up from the previous forecast of 35%. While fuel expenses and rising healthcare costs remain margin headwinds, ITG successfully reduced customer concentration from 60% to under 50%.
Topics: Adjusted EBITDA Backlog Expansion Infrastructure Deployment Revenue Growth