Core Insights - ASGN Incorporated is preparing for its 2025 Investor Day, which will provide strategic vision and financial outlook to investors and stakeholders [1][5] - Truist Financial has set a new price target for ASGN at $50, indicating a potential increase of about 25% from the current stock price of $40.01 [2][5] - ASGN's stock has recently shown an upward trend, currently priced at $43.37, reflecting an 8.40% increase or $3.36 rise [2][5] Stock Performance - During the trading day, ASGN's stock fluctuated between $40.56 and $43.91, highlighting its volatility [3] - Over the past year, the stock reached a high of $95.29 and a low of $40.24, emphasizing the importance of the upcoming Investor Day for future direction [3] - ASGN's market capitalization is approximately $1.91 billion, with a trading volume of 395,799 shares on the NYSE, indicating investor interest [4]

Core Insights - ASGN Incorporated is transitioning to a new parent brand named Everforth, which will unify its six current brands under a single identity [1] Company Strategy - The transition to Everforth represents a significant milestone in ASGN's ongoing evolution, aiming to merge complementary strengths and resources [1]

ASGN 2025 Investor Day Summary Company Overview - **Company**: ASGN (NYSE: ASGN) - **Industry**: IT Services - **Market Position**: $4 billion IT services provider with a focus on technology and high-growth markets [9][10] Key Points and Arguments Business Transformation and Strategy - ASGN has undergone significant transformation from an IT staffing company to a consultative model, with 70% of the business now focused on higher-value services [8][9] - The company is positioned at the intersection of technology and business needs, aiming to unlock the next wave of growth and value creation [6][8][36] - The strategy includes a focus on operational excellence, innovative platforms, and strategic alliances to drive growth [3][4][36] Financial Performance and Growth - ASGN has maintained double-digit EBITDA margins, demonstrating resilience despite market challenges [9][10] - The company has made strategic acquisitions, including GlideFast and TopBloc, to enhance its service offerings and market position [10][12] - The focus on a diversified account base, with no single industry representing more than 21% of revenues, provides stability and growth opportunities [37] Market Dynamics and AI Integration - The total addressable market for ASGN has evolved from $50 billion in IT staffing to a larger, more dynamic market of approximately $700 million, focusing on higher-margin areas [15][36] - AI is a central theme, with ASGN recognizing the need for enterprise adoption and the challenges posed by legacy systems [16][17][18] - The company is positioned to help clients navigate AI integration, addressing tech debt and enhancing operational efficiency [19][20][48] Rebranding Initiative - ASGN announced a rebranding to **EverForth**, aimed at consolidating its various units under a single, powerful brand to enhance market presence and client engagement [27][30] - The rebranding is expected to simplify client interactions and improve collaboration within the firm [26][31] Competitive Advantages - ASGN's unique business model allows for tailored solutions that meet specific client needs, leveraging deep industry expertise and a strong account portfolio [44][54] - The company emphasizes the importance of partnerships with technology firms to stay ahead of market trends and enhance service offerings [55][57] Future Outlook - The management team is confident in ASGN's ability to create long-term shareholder value through growth, margin expansion, and free cash flow generation [42][43] - The focus on outcome-based solutions and the ability to adapt to changing market conditions positions ASGN favorably for future growth [33][34][36] Additional Important Content - The company highlighted the importance of cybersecurity and the integration of AI solutions across various industries, showcasing real-world applications and client success stories [39][49] - ASGN's commitment to operational efficiency and the reduction of tech debt among clients is seen as a critical factor in leveraging AI opportunities [32][50] This summary encapsulates the key insights and strategic directions discussed during ASGN's 2025 Investor Day, reflecting the company's commitment to innovation, growth, and client success in the evolving IT services landscape.

Investor Day November 20, 2025 Welcome and Opening Remarks Kimberly Esterkin VP, Investor Relations Safe Harbor 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 ...

Financial Performance - Total revenues for the three months ended September 30, 2025, were $1,011.4 million, a decrease of 1.5% compared to $1,031.0 million for the same period in 2024[8] - Gross profit for the nine months ended September 30, 2025, was $865.6 million, down 3.5% from $897.7 million in 2024[8] - Operating income for the three months ended September 30, 2025, was $67.9 million, a decline of 13.0% from $78.9 million in 2024[8] - Net income for the three months ended September 30, 2025, was $38.1 million, compared to $47.5 million in the same period of 2024, representing a decrease of 19.6%[8] - Basic earnings per share for the three months ended September 30, 2025, were $0.88, down from $1.07 in 2024, reflecting a decline of 17.8%[8] - The company reported a comprehensive income of $37.7 million for the three months ended September 30, 2025, compared to $47.7 million in 2024, a decrease of 21.0%[8] - Net income for the nine months ended September 30, 2025, was $88.3 million, a decrease from $132.8 million in the same period of 2024, representing a decline of approximately 33.4%[11] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $225.6 million, down from $299.8 million in 2024, reflecting a decrease of about 24.7%[11] - The operating income for the nine months ended September 30, 2025, was $174.1 million, down from $230.2 million in the same period of 2024, indicating a decrease of about 24.4%[8] Assets and Liabilities - Total assets increased to $3,700.3 million as of September 30, 2025, up from $3,429.0 million at December 31, 2024, marking a growth of 7.9%[7] - Long-term debt rose to $1,165.7 million as of September 30, 2025, compared to $1,033.5 million at December 31, 2024, an increase of 12.8%[7] - Stockholders' equity increased to $1,833.1 million as of September 30, 2025, up from $1,776.7 million at December 31, 2024, reflecting a growth of 3.2%[7] - Cash and cash equivalents at the end of the period were $126.5 million, down from $166.6 million at the end of 2024, indicating a decrease of approximately 24.0%[11] - The company’s accounts payable increased to $38.2 million as of September 30, 2025, compared to $27.2 million at the end of 2024, reflecting a rise of approximately 40.0%[16] - The company’s operating lease liabilities were $20.7 million as of September 30, 2025, up from $19.5 million at the end of 2024, indicating an increase of about 6.2%[16] - Long-term debt as of September 30, 2025, totaled $1,165.7 million, an increase from $1,033.5 million at the end of 2024, reflecting new borrowings related to acquisitions[22] - The carrying amount of long-term debt as of September 30, 2025, was $1.2 billion[39] Acquisitions and Goodwill - The company acquired TopBloc, LLC for $340.0 million, with 90% paid in cash and 10% in equity, impacting the financial results from the acquisition date[18] - Goodwill increased to $2,142.4 million as of September 30, 2025, up from $1,893.1 million at the end of 2024, primarily due to the TopBloc acquisition[19] - Cash paid for acquisitions, net of cash acquired, was $306.1 million for the nine months ended September 30, 2025, with no acquisitions reported in the same period of 2024[11] Segment Performance - Total revenues for the Federal Government Segment for the three months ended September 30, 2025, were $300.1 million, compared to $312.2 million in 2024, a decrease of 3.4%[35] - The Commercial Segment generated revenues of $711.3 million for the three months ended September 30, 2025, compared to $718.8 million in 2024, a decrease of 1.9%[32] - Segment operating income for the Federal Government Segment was $25.4 million for the three months ended September 30, 2025, compared to $24.6 million in 2024, an increase of 3.2%[32] - The Company reported a gross profit of $296.9 million for the three months ended September 30, 2025, compared to $300.4 million in 2024, a decrease of 1.2%[32] Debt and Financing - The Company amended its senior secured credit facility in July 2025, adding a $100.0 million incremental term loan facility with interest rates ranging from SOFR plus 1.50% to 2.50%[23] - As of September 30, 2025, the Company had $550.0 million of unsecured senior notes due in 2028, bearing interest at 4.625%[24] - The Company was in compliance with its debt covenants as of September 30, 2025, with a senior secured debt to trailing-twelve-months EBITDA ratio of 1.45 to 1, below the maximum limit of 3.75 to 1[23] Tax and Expenses - The company reported cash paid for income taxes of $6.6 million for the nine months ended September 30, 2025, compared to $22.8 million in 2024, a decrease of about 71.0%[12] - Selling, general, and administrative expenses for the three months ended September 30, 2025, were $212.2 million, up from $207.5 million in the same period last year, reflecting an increase of 3.4%[8] - The Company does not expect the One Big Beautiful Bill Act ("OBBBA") to materially affect its estimated effective tax rate[28] Future Projections - Estimated future amortization expense for identifiable intangible assets is projected to be $165.4 million over the next several years, with $16.8 million expected in the remainder of 2025[21] - The Company's effective tax rate is based on its estimated full-year income and can be affected by changes in geographical mix and permanent differences[26]

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]

Core Insights - ASGN Inc reported quarterly earnings of $1.31 per share, exceeding the Zacks Consensus Estimate of $1.22 per share, but down from $1.43 per share a year ago, representing an earnings surprise of +7.38% [1] - The company achieved revenues of $1.01 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.79%, although this is a decrease from $1.03 billion year-over-year [2] - ASGN Inc has outperformed consensus EPS estimates three times over the last four quarters, indicating a positive trend in earnings performance [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.15 on revenues of $962.45 million, and for the current fiscal year, it is $4.46 on revenues of $3.95 billion [7] - The estimate revisions trend for ASGN Inc was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Computers - IT Services industry, to which ASGN Inc belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

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 (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 (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. ...