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]

Government Shutdown Impact - 750,000 federal workers could miss their first full paycheck if the government shutdown continues [1] - The shutdown is the second longest in US history [3] - A furloughed microbiologist at the FDA is experiencing stress and sleep loss, impacting her family [1][2][5] Personal Finance and Planning - The furloughed worker had planned for a month by taking from her 401k and budgeting, but is unsure of future plans [4] - Unemployment benefits were denied for a coding reason [4] Union and Employee Concerns - The National Treasury Employees Union (NTEU) is working on behalf of employees [6][7] - Furloughed workers are concerned about their jobs and the impact on essential services [6][7] Impact on Essential Services - Food safety is a primary concern, with laboratories cutting staff and affecting testing [8] - Medicare and healthcare systems are also affected [7][8] - Essential services that Americans rely upon are completely affected by the lack of staff [9]

Neither Democrats nor Republicans look likely to budge any time soon. Despite initial hand-wringing over the potential economic damage, the shutdown has proven oddly tolerable—at least for now https://t.co/5ixeqbebUo ...

Bills stacking up, bank accounts dwindling, and professional futures in limbo. That's life for federal workers in a government shutdown. MSNBC's Mark Cintia joins us now with a story on the impact.Can you talk, Mark, about how this shutdown is changing everyday lives for furoughed employees and their families. >> Ally, you talk to people and they'll tell you, "How much money can I spend on groceries? How much can I put uh in the car? How much gas can I put in the car? Can we do family night for pizza? What ...

Bring in show music, please. >> Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod, sports books, look out, the first major sports league has inked a deal with prediction markets, Koshi and Poly Market.Kalshi CEO Tar Mansour on his partnership with the NHL and whether more deals are coming soon. What we have done here, and this is what's most important, we have set up a framework for us to collaborate with a big four league like the NHL. >> Then Airbnb CEO Brian Chesy on new products the travel site ha ...

Fed officials, who are unable to receive U.S. economic statistics due to the government shutdown, recently lost access to a separate measure of employment data from a third-party provider https://t.co/w73uCE5ymD ...

We going to have enough for everybody. They're sending another truck. >> With the government shutdown entering week four and no end in sight.>> Just give her two boxes and a pizza. >> For federal workers, the paychecks have stopped, but they still have families to feed. >> You good.I hope it helps you. >> The Capital Area Food Bank is now doing food giveaways for federal workers. Here at this site in Hyetszville, many folks asked that we not show their faces, but told us times have been tough.It's not fair ...

President Trump has said that Republicans will not be extorted by into giving Democrat by giving in to de Democrats demands. This comes as the government shutdown enters day 22. Joining us right now is New Hampshire Democrat Senator Jean Shaheen.She has been one of the lead negotiators for the Democrats during the shutdown. And Senator, thank you for being with us this morning. Nice to be with you.Let me let me just correct you though. I'm not a lead negotiator because there are no official negotiations goi ...

Market Overview - The S&P 500 closed essentially unchanged, while the Nasdaq experienced a nominal decline due to weakness in growth and microchip stocks [1][8] - The Dow Jones Industrial Average rose by 218.16 points, or 0.47%, to 46,924.74, while the Nasdaq Composite lost 36.88 points, or 0.16%, to 22,953.67 [9] Earnings Season Insights - Third-quarter earnings season is in full swing, with 78 companies in the S&P 500 having reported, of which 87% exceeded Wall Street expectations [5][9] - General Motors raised its forecast and mitigated its anticipated tariff impact, resulting in a 14.9% increase in its shares [1][8] - Coca-Cola shares rose by 4.1% due to strong consumer demand leading to better-than-expected results [4][8] - 3M's shares advanced by 7.7% after it raised its full-year forecast, focusing on higher-margin products and cost controls [4][8] - Netflix shares dropped by 5.8% after missing earnings targets [4][8] Sector Performance - Among the 11 major sectors of the S&P 500, consumer discretionary and industrials were the top gainers, while utilities faced the largest percentage loss [9] - The S&P 1500 Aerospace/Defense index increased by 1.9%, with companies like Lockheed Martin and Northrop Grumman raising their forecasts due to solid demand for military equipment [8] Corporate Developments - Warner Brothers Discovery's shares surged by 11.0% after announcing it is considering an outright sale, with interest from multiple potential buyers [5][9] - The board of Warner Brothers Discovery rejected an offer from Paramount Skydance [9] Economic Context - The ongoing government shutdown has created uncertainty for investors and policymakers, complicating the Federal Reserve's data-dependent approach [9] - Economists predict two more 25-basis-point reductions to the Fed's key policy rate by year-end, despite divided opinions on the Fed's future path [9] Trade Relations - U.S. President Donald Trump expressed optimism about reaching a "fair deal" with Chinese President Xi Jinping, downplaying tensions over Taiwan [6][9] - Markets are closely monitoring Trump's upcoming meeting with Xi at the economic summit in South Korea [7][9]

I sat down with @JohnPompliano to discuss everything happening across the markets — bitcoin, gold, stocks, the Fed, and where things could be headed next.Are we going up or down? Should investors be worried or getting excited? And why retail investors might actually have an edge over institutions right now.Enjoy!YouTube: https://t.co/IlAdZySDCyApple: https://t.co/1u1HkPJQvYSpotify: https://t.co/5cSjicSkPjTIMESTAMPS:0:00 - Intro0:40 - Gold’s performance and macro shift5:17 - What is more likely: Gold standar ...