Consensus Raises 2026 Adjusted EPS Guidance

The Tip Desk · November 11, 2026 · 3 min read

The cloud fax provider lifted full-year adjusted earnings guidance to $6.00–$6.10 a share after third-quarter revenue of $91.0 million.

Consensus Cloud Solutions, Inc. (CCSI) raised its full-year 2026 adjusted earnings per diluted share guidance to a range of $6.00 to $6.10 from $5.55 to $5.95, and narrowed its revenue and Adjusted EBITDA outlooks, after a third quarter in which corporate-channel growth held above 9% for a second straight period.

The global digital cloud fax technology provider reported third-quarter 2026 revenue of $91.0 million, up $3.2 million or 3.7% from $87.8 million a year earlier. That year-over-year rate slowed from the 4.1% increase to $91.4 million in the second quarter.

Corporate business revenue rose $5.1 million, or 9.1%, matching the pace of the $5.2 million, 9.3% increase in the prior quarter. Chief Executive Scott Turicchi said the corporate channel exceeded 9% revenue growth for the second straight quarter. Small office/home office revenue declined $1.9 million, or 6.0%, a larger year-over-year drop than the $1.5 million, 4.7% decline in the second quarter, which the company said related to its strategic initiative.

Net income was $22.0 million, down 0.5% from $22.1 million a year earlier, after a $6.6 million, 31.7% increase to $27.4 million in the second quarter that the company attributed primarily to an unrealized gain on investments. The company said the third-quarter decrease was primarily due to higher personnel-related expense and depreciation and amortization, partially offset by higher revenue and lower income tax expense. Net income margin was 24.2%, versus 25.2% a year earlier. Diluted earnings were $1.15 a share, unchanged from a year earlier.

Adjusted EBITDA was $47.6 million, with a 52.3% margin, versus $46.4 million and 52.8% a year earlier. Adjusted net income increased to $28.7 million from $26.6 million, and adjusted earnings per diluted share rose to $1.50 from $1.38. The company said the adjusted increase was driven by higher revenue and a larger amount of expenses excluded from adjusted net income, primarily share-based compensation and a loss on debt extinguishment.

Net cash provided by operating activities decreased to $45.6 million from $51.6 million a year earlier. Free cash flow decreased to $38.6 million from $44.4 million. The company said the declines were primarily attributable to changes in working capital accounts.

Including cash outlays for strategic capital allocation initiatives, Consensus ended the quarter with $106.7 million in cash and cash equivalents. The company repurchased approximately 550,000 shares in the third quarter, after about 300,000 shares in the second quarter. The common-stock repurchase program authorization was increased to $200.0 million in August 2026, with $20.7 million remaining under the plan at quarter-end.

On November 5, 2026, the board terminated the 2023 Debt Repurchase Program and approved a new 2026 Debt Repurchase Program authorizing up to $348.2 million in aggregate principal to retire remaining 2028 Senior Notes, expiring November 5, 2027. Turicchi said the company amended its credit facility in anticipation of retiring the 6.5% Notes in 2027.

For the fourth quarter of 2026, Consensus guided to revenue of $88.9 million to $92.9 million, Adjusted EBITDA of $44.7 million to $47.7 million, and adjusted earnings per diluted share of $1.48 to $1.58. Full-year 2026 revenue guidance was narrowed to $360 million to $364 million from $350 million to $364 million, and Adjusted EBITDA guidance was narrowed to $188 million to $192 million from $182 million to $193 million. The company said the updates were based on year-to-date 2026 performance plus the fourth-quarter outlook.