Public Policy Holding Co Q3 2026 Earnings Call Transcript - Public Policy Holding Co (NASDAQ:PPHC)

Public Policy Holding Co (NASDAQ: PPHC) reported third-quarter 2026 results on Monday. Revenue rose 13.2% to $55.2 million, helped by organic growth of 5.1%. Adjusted EBITDA increased 11.1% to $12.8 million, producing a 23.2% margin. The company reaffirmed full-year 2026 guidance, expecting revenue between $213 million and $216 million and adjusted EBITDA between $48.5 million and $50.5 million. Management said strategic initiatives included integrating two M&A transactions and adding AI-enabled tools and advisory services to broaden offerings. The call also emphasized that recent elections could increase client demand. Operationally, PPHC maintained strong cash levels and reduced net debt to support future acquisitions. Its M&A focus targets firms with $10–$30 million in revenue, and it added new government relations firms in key U.S. states.