Telos (NASDAQ:TLS) reported a stronger-than-expected first quarter for fiscal 2026, with revenue and adjusted EBITDA exceeding the company’s guidance as growth in TSA PreCheck enrollment activity and execution across large programs helped lift results.
Executive Vice President and Chief Financial Officer Mark Bendza said the quarter reflected “continued transformation of Telos into a more scalable, profitable, and cash-generative business.” He also addressed the company’s April 29 announcement that Chairman and CEO John Wood is on a medical leave of absence. Bendza said Independent Director Fred Schaufeld has assumed the role of chairman, while Bendza, General Counsel Hutch Robbins and Executive Vice President of Security Solutions Mark Griffin have jointly taken on Wood’s responsibilities on an interim basis.
