Accelevation Third-Quarter Revenue Rises 65.9 Percent to 202.2 Million Dollars: Bookings Up 364 Percent to 768.9 Million, Backlog at 1.7 Billion
Accelevation reported financial results for the third quarter ended September 30, 2026, on November 12, 2026, in Miamisburg, Ohio, in a GlobeNewswire release, in its first reported quarter as a public company, with figures in United States dollars. Revenue grew 65.9 percent year over year to 202.2 million dollars. Bookings were 768.9 million dollars, an increase of 364 percent year over year. Backlog was 1.7 billion dollars, an increase of 329 percent over the prior year and 51.0 percent over the prior quarter, for a book-to-bill ratio of 3.8 times.
The company said net income was 3.2 million dollars, for a net income margin of 1.6 percent. Adjusted net income was 20.9 million dollars, and adjusted EBITDA increased by 8.9 million dollars to 37.7 million dollars, at an adjusted EBITDA margin of 18.7 percent. Operating cash flow increased to 62.5 million dollars from an outflow of 0.6 million dollars in the prior year. Co-founder and chief executive Michael Rubiera said the company's end markets are accelerating and demand for its products is robust. Chief financial officer Ken Krause said revenue increased more than 60 percent, bookings grew more than 350 percent and backlog rose to approximately 1.7 billion dollars in the quarter.
The company introduced full-year 2026 guidance for revenue of 905 million to 915 million dollars, representing 103 percent year-over-year growth at the midpoint, and adjusted EBITDA of 155 million to 165 million dollars. It also disclosed that on October 1, 2026, after quarter end, it completed an initial public offering of 30,000,000 shares of Class A common stock at 18.00 dollars per share, and after quarter end entered a new 650 million dollar senior secured credit agreement. This item reports only the published results and guidance and is not investment advice.
Source: Accelevation
Published by GSM · USA (original Chinese edition)
Photo: 图：建筑工地塔式起重机（Accelevation相关资料图）。Kevin Waterhouse，CC BY-SA 2.0，Wikimedia Commons。 / Photo: A tower crane at a construction site. Kevin Waterhouse, CC BY-SA 2.0, via Wikimedia Commons.
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