ITG reports Q2 results, raises 2026 growth outlook

ITG (NASDAQ: ITG ) released second-quarter financial results and hosted an earnings call on Thursday.

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Access the full call at Summary ITG completed its IPO on July 2nd, raising $323 million used to repay debt and strengthen its capital structure.

Second quarter revenue increased by 38% year-over-year, driven by acquisitions and core growth in Engineering and Maintenance (E&M), with an adjusted EBITDA of $52.2 million.

The company's next-12-month backlog increased to $1.5 billion, with a total backlog beyond 12 months reaching approximately $3.3 billion.

ITG introduced 2026 guidance, expecting 35% full-year revenue growth and 36% adjusted EBITDA growth.

The company completed its first post-IPO acquisition of Full Circle Fiber, enhancing its digital broadband services.

Full Transcript OPERATOR Good day and thank you for standing by.

Welcome to the ITG second quarter conference call.

At this time all participants are in a listen-only mode.

After the speaker's presentation, there will be a question-and-answer session.

To ask a question during the session you will need to press star 11 on your telephone.

You will then hear an automated message advising your hand is raised.

To withdraw your question, please press star 11 again.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Chris McCrae, Chief Financial Officer.

Please go ahead.

Chris McCrae, Chief Financial Officer Good morning and thank you for joining us for today's second quarter 2026 financial results webcast.

Joining us today are myself, Chris McCrae, Chief Financial Officer, and Andy Parrott, Chief Executive Officer.

Yesterday, after the market closed, we issued a quarterly results press release which can be found in the Investor Relations section of our website at itgcom.com.

We also posted a separate shareholder letter with more detailed operational and financial commentary to accompany our earnings release.

The commentary is intended to provide much of the detail typically included in management's prepared remarks.

Accordingly, we will provide an overview of ITG, discuss the principal drivers of our second quarter performance and initial outlook, and then turn the call over to Q&A.

Please be advised that information shared on this webcast is current as of today's date and may no longer be accurate as of any replay of this event at a later date.

This webcast will include forward-looking statements qualified under the safe harbor rules established by the Private Securities Litigation Reform Act of 1995, including statements reflecting expectations, intentions, assumptions or beliefs about future events or financial performance.

These statements involve certain risks, uncertainties and assumptions that are difficult to predict or beyond ITG's control and actual results may differ materially from those expressed or implied.

On this webcast, we will also discuss historical and forecasted non-GAAP financial measures.

Reconciliations of these historical financial measures to the most directly comparable GAAP financial measures are included in our earnings release and accompanying shareholder letter.

Please refer to these statements for additional information regarding our forward-looking statements and non-GAAP financial measures.

With that, I'll turn the call over to Andy.

Andy Parrott, Chief Executive Officer Thank you, Chris, and good morning.

We're pleased to be with you today for ITG's first earnings call as a public company.

Our second quarter performance reinforced our confidence in the strategy we outlined during the IPO process and demonstrated continued progress against our long-term growth objectives.

As you know, on July 2nd we concluded our IPO which raised 323 million in net proceeds we used to repay debt and strengthen our capital structure.