Exhibit 99.1 ASGN Incorporated Reports Second Quarter 2024 Results Adjusted EBITDA margin at the top end of guidance estimates July 24, 2024 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, 2024. Highlights • Revenues were $1.035 billion • Net income was $47.2 million • Adjusted EBITDA (a non-GAAP measure) was $117.1 million (11.3 percent of rev ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Citizens Financial Services, Inc. (CZFS) is a bank holding company. The Zacks Consensus Estimate for its current year earnings has been revised 17.3% downward over the last 60 days.Evans Bancorp, Inc. (EVBN) is a financial holding company for Evans Bank. The Zacks Consensus Estimate for its current year earnings has been revised 8.5% downward over the last 60 days.ASGN Incorporated (ASGN) is an IT solutions provider. The Zacks Consens ...

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Core Viewpoint - Three stocks have been added to the Zacks Rank 5 (Strong Sell) List, indicating a negative outlook for these companies based on recent earnings estimate revisions [1] Company Summaries - **Alibaba Group Holding Limited (BABA)**: This Chinese e-commerce giant has seen its current year earnings estimate revised downward by 8.1% over the last 60 days [1] - **ASGN Incorporated (ASGN)**: A provider of IT services, ASGN's current year earnings estimate has been revised downward by 9.3% over the last 60 days [1] - **B&G Foods, Inc. (BGS)**: This company, which specializes in household products and frozen foods, has experienced a nearly 6% downward revision in its current year earnings estimate over the last 60 days [1]

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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 March 31, 2024 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 of Incorporation) (I.R.S. Employer Identification No.) ...

Q1 2024 Earnings Supplemental Materials Certain information in this presentation is “forward-looking” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and involves a high degree of risk and Safe uncertainty. 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 Harbor historical information, are forward-looking and are not guaran ...

ASGN Incorporated (NYSE:ASGN) Q1 2024 Earnings Conference Call April 24, 2024 4:30 PM ET Company Participants Kimberly Esterkin - Vice President of Investor Relations Theodore Hanson - Chief Executive Officer Marie Perry - Chief Financial Officer Randolph Blazer - President Conference Call Participants Trevor Romeo - William Blair Surinder Thind - Jefferies Kevin McVeigh - UBS Heather Balsky - Bank of America Tobey Sommer - Truist Securities Operator Greetings. Welcome to the ASGN Incorporated First Quarter ...

ASGN Inc (ASGN) reported $1.05 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 7.1%. EPS of $1.16 for the same period compares to $1.38 a year ago.The reported revenue represents a surprise of +0.51% over the Zacks Consensus Estimate of $1.04 billion. With the consensus EPS estimate being $1.16, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

[Executive Summary](index=1&type=section&id=1.%20Executive%20Summary) ASGN Incorporated achieved solid results in Q1 2024, with revenue and Adjusted EBITDA near the upper end of guidance, approving a new $750 million share repurchase program while growing IT consulting services despite cautious client IT spending [Q1 2024 Performance Highlights](index=1&type=section&id=1.1%20Q1%202024%20Performance%20Highlights) Q1 2024 Key Financial Metrics: | Metric | Amount (million USD) | | :--- | :--- | | Revenue | 1,050 | | Net Income | 38.1 | | Adjusted EBITDA | 108.3 | | Cash Flow from Operations | 73.3 | | Free Cash Flow | 62.5 | - IT consulting services revenue accounted for **56.7% of total revenue**, with new bookings in the Commercial segment reaching **$1.3 billion** over the past 12 months and new contract awards in the Federal Government segment totaling **$1.1 billion**[2](index=2&type=chunk) - The company completed the refinancing of its Term Loan B, reducing the interest rate by **50 basis points** to SOFR plus **175 basis points**[2](index=2&type=chunk) - Approximately **0.8 million shares** of common stock were repurchased for **$79.7 million** during the quarter, and post-quarter, the Board approved a new two-year, **$750 million** share repurchase program, the largest in company history[2](index=2&type=chunk) [Management Commentary and Strategic Focus](index=1&type=section&id=1.2%20Management%20Commentary%20and%20Strategic%20Focus) - CEO Ted Hanson stated that Q1 2024 results were solid, with revenue and Adjusted EBITDA near the upper end of guidance[3](index=3&type=chunk) - IT consulting services revenue continued to grow, representing **56.7% of consolidated revenue**, up from **50.4%** in the prior year period[3](index=3&type=chunk) - Despite continued client caution in IT spending, the company maintained business stability through its diversified Commercial and Government revenue mix and large client portfolio[3](index=3&type=chunk) - The company is shifting its business towards higher-value IT consulting services and actively adjusting operations to align with market cycles, preparing for accelerated IT spending growth in the future[3](index=3&type=chunk) [First Quarter 2024 Financial Results](index=2&type=section&id=2.%20First%20Quarter%202024%20Financial%20Results) ASGN reported $1.05 billion in Q1 2024 revenue, a 7.1% year-over-year decrease, driven by IT consulting growth offset by Commercial segment cyclical weakness, with gross margin at 28.2% and declines in net income and Adjusted EBITDA [Consolidated Financial Performance Overview](index=2&type=section&id=2.1%20Consolidated%20Financial%20Performance%20Overview) Q1 2024 Consolidated Financial Data (vs. Q1 2023): | Metric | March 31, 2024 (million USD) | March 31, 2023 (million USD) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 1,049.0 | 1,128.8 | -7.1% | | Net Income | 38.1 | 49.5 | -23.0% | | Diluted EPS | 0.81 | 0.99 | -18.2% | | Adjusted Net Income | 54.6 | 68.7 | -20.5% | | Adjusted Diluted EPS | 1.16 | 1.38 | -15.9% | | Adjusted EBITDA | 108.3 | 123.5 | -12.3% | | Adjusted EBITDA Margin | 10.3% | 10.9% | -0.6 pp | [Revenue Breakdown by Segment and Service Type](index=2&type=section&id=2.2%20Revenue%20Breakdown%20by%20Segment%20and%20Service%20Type) Q1 2024 Revenue Composition: | Segment/Service Type | Amount (million USD) | Percentage of Total Revenue (%) | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Total Revenue** | **1,049.0** | **100.0%** | **-7.1%** | | Commercial Segment Revenue | 731.5 | 69.7% | -12.1% | | Federal Government Segment Revenue | 317.5 | 30.3% | +7.0% | | IT Consulting Services Revenue | 594.5 | 56.7% | +4.6% | | - Federal Government Consulting | 317.5 | - | +7.0% | | - Commercial Consulting | 277.0 | - | +2.0% | | Staffing Services Revenue | 454.5 | 43.3% | -18.9% | - IT consulting services revenue increased by **4.6% year-over-year**, with Federal Government consulting revenue growing **7.0%** and Commercial consulting revenue growing **2.0%**[7](index=7&type=chunk) - Staffing services revenue decreased by **18.9% year-over-year**, reflecting continued weakness in the more cyclical parts of the Commercial segment business[7](index=7&type=chunk) [Profitability and Operating Expenses](index=2&type=section&id=2.3%20Profitability%20and%20Operating%20Expenses) Q1 2024 Profitability and Expenses (vs. Q1 2023): | Metric | March 31, 2024 (million USD) | March 31, 2023 (million USD) | YoY Change | | :--- | :--- | :--- | :--- | | Gross Margin | 28.2% | 28.9% | -70 bps | | Selling, General and Administrative Expenses (SG&A) | 210.2 | 224.1 | -13.9 | | SG&A as % of Revenue | 20.0% | 19.9% | +0.1 pp | - Gross margin decreased by **70 basis points**, primarily due to a higher proportion of Federal Government segment revenue, which has a lower gross margin than the Commercial segment[7](index=7&type=chunk) - SG&A expenses included **$1.2 million** in acquisition, integration, and strategic planning costs, which were not included in the company's previously issued guidance estimates[8](index=8&type=chunk) [Capital Resources and Allocation](index=3&type=section&id=2.4%20Capital%20Resources%20and%20Allocation) Capital Resources as of March 31, 2024: | Metric | Amount (million USD) | | :--- | :--- | | Cash and Cash Equivalents | 158.4 | | Senior Secured Revolving Credit Facility (due 2028) | 500.0 (fully available) | | Senior Secured Term Loan B (due 2030) | 497.5 | | Senior Unsecured Notes (4.625%, due 2028) | 550.0 | - In Q1 2024, the company repurchased **0.8 million shares** of common stock at an average price of **$96.63 per share**, totaling **$79.7 million**[10](index=10&type=chunk) - Post-quarter, the Board approved a new two-year, **$750 million** share repurchase program, the largest in company history[10](index=10&type=chunk) [Second Quarter 2024 Financial Estimates](index=3&type=section&id=3.%20Second%20Quarter%202024%20Financial%20Estimates) ASGN forecasts Q2 2024 revenue between $1.0345 billion and $1.0545 billion, with net income projected from $44.7 million to $48.3 million, maintaining gross margins between 28.9% and 29.2%, and providing adjusted non-GAAP metric estimates [Q2 2024 Guidance](index=3&type=section&id=3.1%20Q2%202024%20Guidance) Q2 2024 Financial Estimates: | Metric | Low End (million USD) | High End (million USD) | | :--- | :--- | :--- | | Revenue | 1,034.5 | 1,054.5 | | Selling, General and Administrative Expenses (SG&A) | 206.0 | 210.0 | | Amortization of Intangible Assets | 15.1 | 15.1 | | Net Income | 44.7 | 48.3 | | Diluted EPS | 0.97 | 1.04 | | Gross Margin | 28.9% | 29.2% | | Effective Tax Rate | 28.0% | 28.0% | | Adjusted EBITDA | 114.0 | 119.0 | | Adjusted Net Income | 59.2 | 62.8 | | Adjusted Diluted EPS | 1.28 | 1.36 | | Adjusted EBITDA Margin | 11.0% | 11.3% | [Key Assumptions for Q2 Estimates](index=3&type=section&id=3.2%20Key%20Assumptions%20for%20Q2%20Estimates) - Financial estimates are based on current operating trends, assume no material market deterioration, and exclude any acquisition, integration, or strategic planning costs[11](index=11&type=chunk) - Q2 is expected to have **63.5 billable days**, which is **0.25 days more** than the prior year period and **0.75 days more** than Q1 2024[12](index=12&type=chunk) - Non-GAAP financial estimates include **$20.7 million** in non-cash expenses, primarily consisting of stock-based compensation, depreciation, and amortization of capitalized cloud application implementation costs[12](index=12&type=chunk) [Supplemental Financial Data (Unaudited)](index=5&type=section&id=4.%20Supplemental%20Financial%20Data%20(Unaudited)) This section presents ASGN's unaudited consolidated financial statements, including statements of operations, cash flows, and balance sheets, along with detailed reconciliations of GAAP to non-GAAP financial measures for Q1 2024 and Q2 2024 estimates [Consolidated Statements of Operations](index=5&type=section&id=4.1%20Consolidated%20Statements%20of%20Operations) Consolidated Statements of Operations (as of March 31, 2024): | Metric | March 31, 2024 (million USD) | March 31, 2023 (million USD) | December 31, 2023 (million USD) | | :--- | :--- | :--- | :--- | | Revenue | 1,049.0 | 1,128.8 | 1,074.1 | | Cost of Services | 752.8 | 802.4 | 769.2 | | Gross Profit | 296.2 | 326.4 | 304.9 | | Selling, General and Administrative Expenses | 210.2 | 224.1 | 203.6 | | Amortization of Intangible Assets | 15.1 | 18.1 | 17.9 | | Operating Income | 70.9 | 84.2 | 83.4 | | Interest Expense | (17.6) | (15.4) | (16.7) | | Income Before Income Taxes | 53.3 | 68.8 | 66.7 | | Provision for Income Taxes | 15.2 | 19.3 | 16.4 | | Net Income | 38.1 | 49.5 | 50.3 | | Diluted EPS | 0.81 | 0.99 | 1.06 | Shares Used in EPS Calculation: | Metric | March 31, 2024 (million shares) | March 31, 2023 (million shares) | December 31, 2023 (million shares) | | :--- | :--- | :--- | :--- | | Basic | 46.5 | 49.3 | 47.1 | | Diluted | 46.9 | 49.8 | 47.5 | [Consolidated Statements of Cash Flow and Balance Sheet](index=6&type=section&id=4.2%20Consolidated%20Statements%20of%20Cash%20Flow%20and%20Balance%20Sheet) Consolidated Cash Flow Data (as of March 31, 2024): | Metric | March 31, 2024 (million USD) | March 31, 2023 (million USD) | December 31, 2023 (million USD) | | :--- | :--- | :--- | :--- | | Cash Flow from Operating Activities | 73.3 | 80.5 | 116.4 | | Cash Flow from Investing Activities | (10.8) | (12.3) | (7.2) | | Cash Flow from Financing Activities | (80.0) | (73.4) | (79.3) | | Free Cash Flow (Non-GAAP) | 62.5 | 68.8 | 109.2 | Consolidated Balance Sheet Data (as of March 31, 2024): | Metric | March 31, 2024 (million USD) | December 31, 2023 (million USD) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 158.4 | 175.9 | | Working Capital | 561.7 | 579.2 | | Goodwill and Net Intangible Assets | 2,376.9 | 2,392.0 | | Total Assets | 3,488.8 | 3,544.6 | | Long-Term Debt | 1,036.3 | 1,036.6 | | Total Liabilities | 1,627.4 | 1,652.5 | | Total Stockholders' Equity | 1,861.4 | 1,892.1 | [Reconciliation of GAAP to Non-GAAP Measures (Q1 2024)](index=7&type=section&id=4.3%20Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures%20(Q1%202024)) Reconciliation of GAAP Net Income to Adjusted EBITDA (as of March 31, 2024): | Metric | March 31, 2024 (million USD) | March 31, 2023 (million USD) | December 31, 2023 (million USD) | | :--- | :--- | :--- | :--- | | Net Income | 38.1 | 49.5 | 50.3 | | Interest Expense | 17.6 | 15.4 | 16.7 | | Provision for Income Taxes | 15.2 | 19.3 | 16.4 | | Depreciation and Other Amortization | 9.4 | 6.8 | 7.8 | | Amortization of Intangible Assets | 15.1 | 18.1 | 17.9 | | EBITDA (Non-GAAP) | 95.4 | 109.1 | 109.1 | | Stock-Based Compensation | 11.7 | 12.1 | 10.3 | | Acquisition, Integration and Strategic Planning Costs | 1.2 | 2.3 | 1.6 | | Adjusted EBITDA (Non-GAAP) | 108.3 | 123.5 | 121.0 | Reconciliation of GAAP Net Income to Adjusted Net Income (as of March 31, 2024): | Metric | March 31, 2024 (million USD) | March 31, 2023 (million USD) | December 31, 2023 (million USD) | | :--- | :--- | :--- | :--- | | Net Income | 38.1 | 49.5 | 50.3 | | Credit Facility Amendment Fees | 1.5 | — | — | | Acquisition, Integration and Strategic Planning Costs | 1.2 | 2.3 | 1.6 | | Adjusted Tax Impact | (0.7) | (0.6) | (0.4) | | Non-GAAP Net Income | 40.1 | 51.2 | 51.5 | | Amortization of Intangible Assets | 15.1 | 18.1 | 17.9 | | Other Adjustments | (0.6) | (0.6) | (0.6) | | Adjusted Net Income (Non-GAAP) | 54.6 | 68.7 | 68.8 | | Diluted Net Income Per Share | 0.81 | 0.99 | 1.06 | | Adjustments | 0.35 | 0.39 | 0.39 | | Adjusted Diluted Net Income Per Share (Non-GAAP) | 1.16 | 1.38 | 1.45 | [Reconciliation of GAAP to Non-GAAP Measures (Q2 2024 Estimates)](index=8&type=section&id=4.4%20Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures%20(Q2%202024%20Estimates)) Reconciliation of GAAP Net Income to Adjusted EBITDA (Q2 2024 Estimates): | Metric | Low End (million USD) | High End (million USD) | | :--- | :--- | :--- | | Net Income | 44.7 | 48.3 | | Interest Expense | 15.7 | 15.7 | | Provision for Income Taxes | 17.4 | 18.8 | | Depreciation and Other Amortization | 9.2 | 9.2 | | Amortization of Intangible Assets | 15.1 | 15.1 | | EBITDA (Non-GAAP) | 102.1 | 107.1 | | Stock-Based Compensation | 11.9 | 11.9 | | Adjusted EBITDA (Non-GAAP) | 114.0 | 119.0 | Reconciliation of GAAP Net Income to Adjusted Net Income (Q2 2024 Estimates): | Metric | Low End (million USD) | High End (million USD) | | :--- | :--- | :--- | | Net Income | 44.7 | 48.3 | | Amortization of Intangible Assets | 15.1 | 15.1 | | Other Adjustments | (0.6) | (0.6) | | Adjusted Net Income (Non-GAAP) | 59.2 | 62.8 | | Diluted Net Income Per Share | 0.97 | 1.04 | | Adjustments | 0.31 | 0.32 | | Adjusted Diluted Net Income Per Share (Non-GAAP) | 1.28 | 1.36 | [Corporate Information and Disclosures](index=4&type=section&id=5.%20Corporate%20Information%20and%20Disclosures) This section provides an overview of ASGN, detailed definitions of non-GAAP financial measures, a "safe harbor" statement for forward-looking statements, and information for investors to access conference call details [About ASGN Incorporated](index=4&type=section&id=5.1%20About%20ASGN%20Incorporated) - ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and solutions, serving both Commercial and Federal Government sectors[16](index=16&type=chunk) - The company helps businesses and government organizations develop, implement, and operate critical IT and business solutions through its integrated services[16](index=16&type=chunk) [Non-GAAP Financial Measures Definitions](index=9&type=section&id=5.2%20Non-GAAP%20Financial%20Measures%20Definitions) - EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin are intended to measure the company's core business operating performance on a continuing basis, excluding the impact of non-operating and certain non-cash expenses[27](index=27&type=chunk) - Adjusted Net Income provides a more comprehensive view of the company's acquired businesses' performance by excluding non-operating and certain non-cash expenses, and adjusting for certain cash flows related to intangible asset amortization[27](index=27&type=chunk) - Free Cash Flow provides information about the amount of cash generated by the business available for strategic opportunities[28](index=28&type=chunk) - Commercial consulting bookings are defined as the value of new contracts signed during a specific period, including the impact of scope changes and terminations; Federal Government new contract awards are defined as the estimated future revenue amount of contracts awarded during a specific period[28](index=28&type=chunk) - Revenue on a same billable day basis provides more comparable information by adjusting for differences in the number of billable days[29](index=29&type=chunk) [Safe Harbor Statement](index=4&type=section&id=5.3%20Safe%20Harbor%20Statement) - Certain statements in the press release are forward-looking statements as defined by Section 21E of the Securities Exchange Act of 1934, involving significant risks and uncertainties[17](index=17&type=chunk) - Forward-looking statements do not guarantee future performance, actual results may differ materially, and the company undertakes no obligation to update any forward-looking statements in the press release[18](index=18&type=chunk) [Conference Call Information](index=4&type=section&id=5.4%20Conference%20Call%20Information) - The company held a conference call on April 24, 2024, at 4:30 PM ET to review Q1 2024 financial results and provide Q2 estimates[15](index=15&type=chunk) - A replay of the conference call was available from 7:30 PM ET on the day of the call until May 8, 2024[15](index=15&type=chunk)