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ASGN Inc (ASGN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-10-23 01:31
Core Insights - ASGN Inc reported revenue of $1.01 billion for the quarter ended September 2025, reflecting a year-over-year decline of 1.9% and an EPS of $1.31 compared to $1.43 a year ago, with a revenue surprise of +0.79% over the Zacks Consensus Estimate of $1 billion and an EPS surprise of +7.38% over the consensus estimate of $1.22 [1] Revenue Breakdown - Federal Government revenues were $300.1 million, exceeding the estimated $297.36 million, but showing a year-over-year decline of -3.9% [4] - Commercial revenues totaled $711.3 million, slightly above the average estimate of $706.08 million, with a year-over-year change of -1% [4] - Commercial Consulting revenues reached $334.9 million, surpassing the average estimate of $326.38 million, marking a year-over-year increase of +17.5% [4] - Commercial Assignment revenues were $376.4 million, below the average estimate of $379.7 million, indicating a year-over-year decline of -13.2% [4] Stock Performance - ASGN Inc shares have returned -1.2% over the past month, while the Zacks S&P 500 composite has increased by +1.1%, with the stock currently holding a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
ASGN Inc (ASGN) Q3 Earnings and Revenues Top Estimates
ZACKS· 2025-10-22 22:21
ASGN Inc (ASGN) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +7.38%. A quarter ago, it was expected that this staffing company would post earnings of $1.08 per share when it actually produced earnings of $1.17, delivering a surprise of +8.33%.Over the last four quarters, the compan ...
ASGN rporated(ASGN) - 2025 Q3 - Earnings Call Transcript
2025-10-22 21:32
ASGN (NYSE:ASGN) Q3 2025 Earnings Call October 22, 2025 04:30 PM ET Company ParticipantsShiv Iyer - PresidentRyan Griffin - Senior Equity Research AssociateKimberly Esterkin - VP of Investor RelationsMarie Perry - CFOTed Hanson - CEOTobey Sommer - Managing DirectorConference Call ParticipantsSurinder Thind - Equity Research AnalystJason Haas - Director and Senior Equity Research AnalystMaggie Nolan - Partner and IT Services AnalystAlexander Sinatra - Equity Research AnalystOperatorGreetings and welcome to t ...
ASGN rporated(ASGN) - 2025 Q3 - Earnings Call Transcript
2025-10-22 21:32
ASGN (NYSE:ASGN) Q3 2025 Earnings Call October 22, 2025 04:30 PM ET Company ParticipantsShiv Iyer - PresidentRyan Griffin - Senior Equity Research AssociateKimberly Esterkin - VP of Investor RelationsMarie Perry - CFOTed Hanson - CEOTobey Sommer - Managing DirectorConference Call ParticipantsSurinder Thind - Equity Research AnalystJason Haas - Director and Senior Equity Research AnalystMaggie Nolan - Partner and IT Services AnalystAlexander Sinatra - Equity Research AnalystOperatorGreetings and welcome to t ...
ASGN rporated(ASGN) - 2025 Q3 - Earnings Call Transcript
2025-10-22 21:30
ASGN (NYSE:ASGN) Q3 2025 Earnings Call October 22, 2025 04:30 PM ET Speaker2Greetings and welcome to the ASGN Incorporated Third Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. It is now my pleasure to introduce your host, Kimberly Esterkin of Investor Relations. Thank you. You may begin.Speaker3Good afternoon. ...
ASGN rporated(ASGN) - 2025 Q3 - Earnings Call Transcript
2025-10-22 21:30
Financial Data and Key Metrics Changes - ASGN reported revenues of $1,010,000,000 for Q3 2025, a decrease of 1.9% year over year, but at the high end of guidance expectations [23] - Adjusted EBITDA was $112,600,000 with an adjusted EBITDA margin of 11.1% [25] - Net income for the quarter was $38,100,000 [25] - Free cash flow was $72,000,000, representing a conversion rate of approximately 64% of adjusted EBITDA [27] Business Line Data and Key Metrics Changes - The IT consulting business accounted for approximately 63% of total revenues, up from 58% in the same period last year [5] - Commercial consulting revenues totaled $334,900,000, an increase of 17.5% year over year [23] - Federal segment revenues were $300,100,000, a decrease of 3.9% year over year [24] - Assignment revenues decreased by 13.2% year over year, reflecting softness in parts of the commercial segment sensitive to macroeconomic changes [23] Market Data and Key Metrics Changes - Consumer and industrial accounts saw mid-teens growth year over year, driven by materials, utilities, and consumer discretionary clients [10] - Healthcare industry revenues increased by high single digits year over year, supported by healthcare provider and pharmaceutical clients [11] - Financial services, TMT, and business services experienced year-over-year declines [11] Company Strategy and Development Direction - The company is focusing on AI and digital advancement, with ongoing investments in AI reflecting a commitment to enterprise technology re-platforming [7] - ASGN is actively tracking changes to the H1B application process, believing it will positively impact the company [8] - The company plans to host an Investor Day on November 20 to discuss its strategy and unveil new three-year financial targets [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for IT services despite macroeconomic conditions, noting strong quarterly bookings [6] - The government shutdown has had an immaterial impact on operations, but it may slow down new awards and ramp-up activities [40] - The company anticipates that increased defense budgets will benefit its federal segment in the future [62] Other Important Information - The gross margin for Q3 2025 was 29.4%, an increase of 30 basis points year over year [24] - SG&A expenses for the quarter were $212,200,000, including $4,200,000 in acquisition and integration expenses [25] - The company repurchased 900,000 shares at an average price of $51.46, with approximately $423 million remaining under its share repurchase authorization [27] Q&A Session Summary Question: H1B situation and its impact - Management believes that tighter H1B regulations will increase the importance of onshore and nearshore technical capabilities, benefiting ASGN [35][36] Question: Federal government segment and shutdown impact - The government shutdown is causing caution in the fourth quarter guidance, primarily affecting new awards and ramp-up activities [41][42] Question: Demand for software implementations - Continued demand is noted in data and AI, particularly with platforms like Snowflake and Databricks, as well as Workday and ServiceNow [46][47] Question: Pricing dynamics and competition - ASGN competes with major firms like Accenture and sees stable pricing due to the quality of its services and unique accelerators [77][78] Question: Federal contracts and margins - The increase in cost-reimbursable contracts is not impacting margins significantly; it reflects the natural ebb and flow of contracts [71][73]
ASGN Incorporated 2025 Q3 - Results - Earnings Call Presentation (NYSE:ASGN) 2025-10-22
Seeking Alpha· 2025-10-22 21:01
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ASGN rporated(ASGN) - 2025 Q3 - Earnings Call Presentation
2025-10-22 20:30
Q3 2025 Earnings Supplemental Materials | | | Q3 | | | --- | --- | --- | --- | | | 2025 | | 2024 | | Results Operating | | | | | Revenues | $ 1,011.4 | $ | 1,031.0 | | Gross Profit | | 296.9 | 300.4 | | Net Income | | 38.1 | 47.5 | | Adjusted Net Income | | 57.3 | 64.3 | | Adjusted EBITDA | | 112.6 | 116.9 | | Margins | | | | | Gross | | 29.4% | 29.1% | | EBITDA Adjusted | | 11.1% | 11.3% | | Earnings per Share - Diluted | | | | | Income per Share | $ | 0.87 $ | 1.06 | | Net Income Adjusted | $ | 1.31 $ | 1 ...
ASGN rporated(ASGN) - 2025 Q3 - Quarterly Results
2025-10-22 20:19
October 22, 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 September 30, 2025. Highlights IT Consulting Revenues - Approximately 63 percent of total revenues Management Commentary "ASGN delivered a solid performance in the third quarter, with revenues, Adjusted EBITDA, and Adjusted EBITDA margin all at the high end of our guidance ranges," said AS ...
ASGN rporated(ASGN) - 2025 Q2 - Quarterly Report
2025-07-30 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-35636 ASGN Incorporated (Exact name of registrant as specified in its charter) Delaware 95-4023433 (State or other jurisdiction of incorporation or organization) ...