ASGN rporated(ASGN) - 2025 Q4 - Annual Results

Acquisition Details - ASGN Incorporated has signed a definitive agreement to acquire Quinnox Inc. for $290 million in cash, expected to close in March 2026[1]. - The acquisition of Quinnox is expected to be accretive to Adjusted EPS in the first full year post-close, with revenue estimates not including any synergies from ASGN's current pipeline[5]. - ASGN's financial advisors for the transaction include ClearSight Advisors Inc. and Sullivan & Cromwell LLP as legal advisors[6]. Financial Performance - Quinnox generated approximately $100 million in revenue in 2025 and anticipates low-to-mid teens revenue growth in 2026, with Adjusted EBITDA margins expected in the low 20-percent range[5]. - ASGN expects Q4 2025 revenues to be at the high end of the guidance range of $960 million to $980 million, with Adjusted EBITDA also at the high end of $102 million to $107 million[7]. - Free Cash Flow conversion during Q4 2025 exceeded the target range of 60 to 65 percent of Adjusted EBITDA, with an anticipated Free Cash Flow of roughly $1 billion over the next three years[9]. Share Buyback - ASGN repurchased 1.4 million shares for $64.2 million at an average price of $46.05, with $972 million remaining under its $1 billion share buyback program[8]. Client and Industry Insights - Quinnox's client base spans five key industries, including Business & Financial Services and Manufacturing, with an average client tenure of over a decade[3]. Brand Transition - ASGN's transition to the new parent brand Everforth is set to take place in the first half of 2026, unifying its six brands under a single identity[14]. Integration and Capabilities - The integration of Quinnox's global delivery platform is expected to enhance ASGN's digital engineering capabilities and accelerate value for customers[4].