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24.04.25 - 01:00
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ASGN Inc (ASGN) Lags Q1 Earnings Estimates (Zacks)
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ASGN Inc (ASGN) delivered earnings and revenue surprises of -3.16% and 0.24%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?...
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23.04.25 - 22:06
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ASGN Incorporated Reports First Quarter 2025 Results (Business Wire)
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Finalized Acquisition of TopBloc and Installed New President
RICHMOND, Va.--(BUSINESS WIRE)--$asgn #earnings--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 March 31, 2025.
Highlights
Revenues were $1.0 billion
Net income was $20.9 million
Adjusted EBITDA (a non-GAAP measure) was $93.6 million (9.7 percent of revenues)
Repurchased 0.6 million shares of the Company's common stock for $50.4 million
Appointed Shiv Iyer as the President of ASGN
Completed the acquisition of TopBloc, LLC, a leading, high growth, tech-enabled Workday consultancy
IT Consulting Revenues - Approximately 61 percent of total revenues
Commercial Segment - New bookings for the trailing-twelve-month period ("TTM") were $1.3 billion; book-to-bill ratio was 1.1 to 1
Federal Government Segment - New contract awards for the TTM were $1.5 billion; book-to-bill ratio was 1.2 to 1
Management Commentary
“ASGN ...
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09.04.25 - 22:09
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ASGN Schedules First Quarter 2025 Earnings Release and Conference Call (Business Wire)
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RICHMOND, Va.--(BUSINESS WIRE)--$asgn--ASGN Incorporated (NYSE: ASGN) announced today that it will host its first quarter 2025 conference call on Wednesday, April 23, 2025, at 4:30 p.m. ET. The Company's financial results and prepared remarks will be posted to its website prior to the call.
The dial-in number for this conference call is 877-407-0792 (+1-201-689-8263 outside the United States). Please reference Conference ID number 13752003. A replay of the conference call will be available from 7:30 p.m. ET April 23, 2025, until May 7, 2025. The dial-in number for the replay is 844-512-2921 (+1-412-317-6671 outside the United States) and the replay access code is 13752003. The webcast for this call will be available at www.asgn.com.
About ASGN Incorporated
ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and solutions across the commercial and government sectors. ASGN helps corporate enterprises and government organizations develop, implement, and operate critical IT and business solut...
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04.03.25 - 15:12
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ASGN Incorporated Announces Closing of the Acquisition of TopBloc (Business Wire)
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Shiv Iyer Officially Becomes President
RICHMOND, Va.--(BUSINESS WIRE)--$asgn #acquisition--ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions across the commercial and government sectors, announced today that it has closed its previously announced acquisition of TopBloc, LLC (“TopBloc” or “the Company”) for a total consideration of $340 million in cash and equity. TopBloc's experienced team has become part of ASGN's Consulting Services.
“We are pleased to announce the successful closing of our acquisition of TopBloc,” said ASGN's Chief Executive Officer, Ted Hanson. “This acquisition is a significant step in our ongoing strategy to align with in-demand solutions and strong technology alliance partners, thereby extending their capabilities across ASGN's deep customer base. As ERP platforms are crucial to managing financial and human capital information across enterprises, they've become even more essential with the expansion of GenAI use cases th...
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06.02.25 - 01:45
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ASGN Inc (ASGN) Beats Q4 Earnings Estimates (Zacks)
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ASGN Inc (ASGN) delivered earnings and revenue surprises of 4.07% and 1.61%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?...
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05.02.25 - 22:06
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ASGN Incorporated Reports Fourth Quarter and Full Year 2024 Results (Business Wire)
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Gross margin, Adjusted EBITDA and Adjusted EBITDA margin exceeded expectationsRICHMOND, Va.--(BUSINESS WIRE)--$asgn #earnings--ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and solutions to the commercial and government sectors, reported financial results for the quarter and year ended December 31, 2024.
Highlights
Fourth Quarter 2024
Revenues were $1.0 billion
Net income was $42.4 million
Adjusted EBITDA (a non-GAAP measure) was $109.7 million (11.1 percent of revenues)
Operating cash flows were $100.2 million and Free Cash Flow (a non-GAAP measure) was $88.9 million
Repurchased 0.5 million shares of the Company's common stock for $43.9 million
IT Consulting revenues were 59 percent of total revenues
Full Year 2024
Revenues were $4.1 billion
Net income was $175.2 million
Adjusted EBITDA (a non-GAAP measure) was $452.0 million (11.0 percent of revenues)
Operating cash flows were $400.0 million and Free Cash Flow (a non-GAAP measure) was $364.7 million
Repurchased 3.5 million shares of...
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04.02.25 - 22:09
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ASGN Incorporated to Acquire TopBloc, A Preferred Workday Services Partner (Business Wire)
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Upon close of the acquisition, ASGN will become a major player in ERP, with immediate emphasis in the large and growing Workday ecosystemRICHMOND, Va.--(BUSINESS WIRE)--$asgn #acquisition--ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions across the commercial and government sectors, announced today that it has signed a definitive agreement to acquire TopBloc, LLC (“TopBloc” or “the Company”), a leading, high-growth, tech-enabled Workday consultancy, for $340 million in cash and equity. The transaction, which is subject to Hart-Scott Rodino (HSR) and other customary closing conditions, is expected to close in the first quarter of 2025.
Founded in 2016 and headquartered in Chicago, Illinois, TopBloc provides Workday deployment services and on-demand support in areas ranging from human capital management to financial and payroll management. With more than 300 Workday installations over the past five years, TopBloc has become a preferred certified Workday Se...
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