ASGN rporated(ASGN)

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ASGN Inc (ASGN) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2025-07-23 22:16
ASGN Inc (ASGN) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $1.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +8.33%. A quarter ago, it was expected that this staffing company would post earnings of $0.95 per share when it actually produced earnings of $0.92, delivering a surprise of -3.16%.Over the last four quarters, the compan ...
ASGN rporated(ASGN) - 2025 Q2 - Earnings Call Transcript
2025-07-23 21:32
ASGN (ASGN) Q2 2025 Earnings Call July 23, 2025 04:30 PM ET Company ParticipantsKimberly Esterkin - VP - IRTheodore Hanson - CEO & Member of Board of DirectorsShiv Iyer - PresidentMarie Perry - EVP & CFOTobey Sommer - Managing DirectorConference Call ParticipantsJeffrey Silber - Business, Industrial Services & Education AnalystSurinder Thind - Equity Research AnalystJason Haas - Director & Senior Equity Research AnalystAlexander Sinatra - Equity Research AnalystOperatorGreetings, and welcome to the ASGN Inc ...
ASGN rporated(ASGN) - 2025 Q2 - Earnings Call Transcript
2025-07-23 21:30
ASGN (ASGN) Q2 2025 Earnings Call July 23, 2025 04:30 PM ET Speaker0Greetings, and welcome to the ASGN Incorporated Second Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. It is now my pleasure to introduce your host, Kimberly Esterkin, Vice President of Investor Relations. Thank you.You may begin.Speaker1Good afternoon. Thank you for joining us today for ASGM's Second Quarter twenty twenty ...
ASGN rporated(ASGN) - 2025 Q2 - Earnings Call Presentation
2025-07-23 20:30
Q2 2025 Earnings Supplemental Materials Safe Harbor Operating Data | | | Q2 | | | --- | --- | --- | --- | | | 2025 | | 2024 | | Results Operating | | | | | Revenues | $ 1,020.6 | $ | 1,034.7 | | Gross Profit | 293.3 | | 301.1 | | Net Income | 29.3 | | 47.2 | | Adjusted Net Income | 51.6 | | 62.6 | | Adjusted EBITDA | 108.5 | | 117.1 | | Margins | | | | | Gross | 28.7% | | 29.1% | | EBITDA Adjusted | 10.6% | | 11.3% | | Earnings per Share - Diluted | | | | | Income per Share | $ 0.67 | $ | 1.02 | | Net Incom ...
ASGN rporated(ASGN) - 2025 Q2 - Quarterly Results
2025-07-23 20:11
Exhibit 99.1 ASGN Incorporated Reports Second Quarter 2025 Results Revenues Exceed High-End of Guidance Estimates July 23, 2025 RICHMOND, VA.— (BUSINESS WIRE) -- ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and solutions to the commercial and government sectors, reported financial results for the quarter ended June 30, 2025. Highlights IT Consulting Revenues - Approximately 63 percent of total revenues Management Commentary "ASGN reported solid results for the second quarter. Revenues o ...
Analysts Estimate ASGN Inc (ASGN) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-07-16 15:06
Wall Street expects a year-over-year decline in earnings on lower revenues when ASGN Inc (ASGN) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 23, might help the stock move higher if these key numbers are better than expectations. On t ...
ASGN (ASGN) Earnings Call Presentation
2025-06-25 09:11
Investor Presentation Certain statements made in this news release are "forward-looking statements" within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking information includes estimates of the company's future financial and operating performance. Certain data and statements in this presentation, other than those setting forth strictly historical information, are forward-looking and are not guar ...
ASGN (ASGN) FY Conference Transcript
2025-06-04 20:00
ASGN (ASGN) FY Conference June 04, 2025 03:00 PM ET Speaker0 Hello, everyone. Thank you for joining. I'm Maggie Nolan. I'm the research analyst here at William Blair who covers IT services, and that includes ASGN along with my colleague, Trevor Romeo. I'm required to inform you that for a complete list of research disclosures or potential conflicts of interest, please visit our website at williamblair.com. So we're very excited to have ASGN here with us today, Ed Hansen, the CEO Shiv, the President Marie, t ...
SmartBug Media® Promotes Adam Bleibtreu to CEO
Prnewswire· 2025-06-04 17:01
Founder Ryan Malone Returns to Board Chairman, Passes the Baton to Bleibtreu inStrategic Leadership TransitionIRVINE, Calif., June 4, 2025 /PRNewswire/ -- SmartBug Media® — HubSpot's most decorated Elite Partner in the world and the digital agency of choice for organizations looking to create resilient growth across the entire customer lifecycle — today announced a strategic leadership transition, promoting Adam Bleibtreu from his current role as president of the company to chief executive officer, effectiv ...
ASGN rporated(ASGN) - 2025 Q1 - Quarterly Report
2025-05-01 00:07
Financial Performance - Revenues for Q1 2025 were $968.3 million, a decrease of 7.7% compared to $1,049.0 million in Q1 2024[8] - Gross profit for Q1 2025 was $275.4 million, down from $296.2 million in Q1 2024, reflecting a gross margin of 28.5%[8] - Net income for Q1 2025 was $20.9 million, a decline of 45.0% from $38.1 million in Q1 2024, resulting in earnings per share of $0.48[8] - The company reported a comprehensive income of $21.7 million for Q1 2025, compared to $37.9 million in Q1 2024[8] - Basic earnings per share for the three months ended March 31, 2025, were $0.48, compared to $0.82 for the same period in 2024, reflecting a decrease of approximately 41.5%[25] - Operating income decreased to $46.6 million in Q1 2025, a decline of 34.2% from $70.9 million in Q1 2024[8] - The Company reported a segment operating income of $74.9 million for the three months ended March 31, 2025, compared to $91.8 million for the same period in 2024, a decrease of approximately 18.4%[27] Assets and Liabilities - Total assets increased to $3,698.4 million as of March 31, 2025, compared to $3,429.0 million at December 31, 2024[7] - Long-term debt rose to $1,282.6 million as of March 31, 2025, up from $1,033.5 million at the end of 2024[7] - Long-term debt as of March 31, 2025, totaled $1,282.6 million, an increase from $1,033.5 million as of December 31, 2024[18] - The Company has $550.0 million of unsecured senior notes due in 2028, bearing interest at 4.625% payable semiannually[20] Acquisition Details - The company completed the acquisition of TopBloc, LLC for $340.0 million, with 90% paid in cash and 10% in equity[14] - The preliminary fair value of identifiable intangible assets from the TopBloc acquisition is estimated at $78.9 million, with goodwill of $245.9 million[14] - Goodwill balance as of March 31, 2025, is $2,139.5 million, reflecting an increase from $1,893.1 million as of December 31, 2024, primarily due to the acquisition of TopBloc for $245.9 million[15] - Goodwill from the TopBloc acquisition is estimated at $245.9 million, with approximately $215.6 million deductible for income taxes[14] Cash Flow - Cash and cash equivalents decreased to $107.0 million at the end of Q1 2025, down from $205.2 million at the beginning of the year[11] - Net cash provided by operating activities was $16.8 million in Q1 2025, significantly lower than $73.3 million in Q1 2024[11] Segment Performance - The Commercial Segment generated revenues of $672.2 million for the three months ended March 31, 2025, while the Federal Government Segment contributed $296.1 million[27] - The Company’s Federal Government Segment revenues from the Department of Defense and Intelligence Agencies were $128.9 million for the three months ended March 31, 2025, down from $150.1 million in 2024[30] - The Federal Government Segment generated revenues of $296.1 million for the three months ended March 31, 2025, down from $317.5 million in the same period of 2024, a decrease of approximately 6.5%[30] - The Commercial Segment's consulting revenues increased to $290.1 million for the three months ended March 31, 2025, compared to $277.0 million in the same period of 2024, reflecting a growth of 4.5%[27] Compliance and Future Expenses - The Company is in compliance with its debt covenants, with a maximum ratio of senior secured debt to trailing-twelve-months consolidated EBITDA of 1.64 to 1 as of March 31, 2025[19] - Estimated future amortization expense for identifiable intangible assets totals $199.2 million, with the highest expense of $54.1 million expected in 2026[17]