Record Net Bookings and Strong Net Book-to-Bill Ratio
Cancellations were well behaved in Q3, permitting record net bookings and a net book-to-bill of 1.20.
Significant Increase in Revenue
Revenue in the third quarter of 2025 was $659.9 million, representing a year-over-year increase of 23.7%.
Strong Growth in Net New Business Awards
Net new business awards entering backlog in the third quarter increased 47.9% from the prior year to $789.6 million.
EBITDA Growth
EBITDA of $148.4 million increased 24.9% compared to $118.8 million in the third quarter of 2024.
Cash Flow and Share Repurchase
Generated $246.2 million in cash flow from operating activities and repurchased approximately 14,649 shares for $4.5 million.