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ASGN Incorporated - $ASGN STOCK NEWS

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ASGN Incorporated (ASGN) is a leading provider of professional staffing and IT solutions, operating across technology, digital, creative, engineering, and life sciences fields. The company serves both commercial and government sectors within the United States and internationally, offering a wide range of services through its three main segments: Apex, Oxford, and ECS.

The Apex segment specializes in supplying technology, digital, creative, scientific, and engineering professionals for contract, contract-to-hire, and permanent placement roles. Apex primarily caters to Fortune 1000 clients and mid-market companies, providing them with critical talent to drive their business operations.

The Oxford segment focuses on delivering highly specialized technology, digital, engineering, and life sciences staffing and consulting services. Known for its expertise in finding hard-to-reach talent, Oxford operates in various skill and geographic markets, ensuring that clients receive top-notch consultancy and staffing solutions.

The ECS segment is dedicated to providing advanced IT solutions, including cloud services, cybersecurity, artificial intelligence, machine learning, application modernization, and science and engineering. ECS serves both commercial enterprises and government entities, including the Department of Defense, intelligence agencies, and civilian agencies, with a strong focus on mission-critical solutions.

Established in 1985 and originally known as On Assignment, Inc., the company rebranded to ASGN Incorporated in April 2018. Headquartered in the United States, ASGN has built a robust reputation for its comprehensive service offerings and ability to meet the evolving needs of its diverse client base.

Recent Achievements and Projects:

  • Expansion of cloud services and cybersecurity solutions through the ECS segment, serving both commercial and government clients.
  • Strategic partnerships with Fortune 1000 companies to strengthen their digital and technological capabilities.
  • Recognition in the industry for providing innovative staffing solutions that address gaps in the technology and life sciences sectors.

With a strong financial foundation and a commitment to delivering high-quality services, ASGN Incorporated continues to position itself as a key player in the professional staffing and IT solutions industry, maintaining a focus on growth and innovation to meet the demands of an ever-changing market.

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ASGN announced the appointment of Patricia Obermaier to its Board of Directors, effective immediately.

Obermaier, currently Chief Growth Officer and VP, Strategic Initiatives at Microsoft's Global Health Life Sciences Division, brings over 30 years of industry experience. She has also founded Resigility and held leadership roles at Iqvia and Unisys.

She will join ASGN's Strategy and Technology Committee. This appointment comes alongside the retirement of Mariel Joliet, marking a notable change in ASGN's Board composition.

ASGN's Board now consists of 10 directors, 3 of whom are women. The company emphasizes its commitment to board diversity and inclusion, with further details to be available in the upcoming 2023 ESG Report.

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Creative Circle, a prominent marketing and creative services firm under ASGN (NYSE: ASGN), has unveiled its 2024 Client Pulse Report. The report delves into the integration and impact of artificial intelligence (AI) within creative and marketing teams. Data from a survey of 463 leaders reveal that 82% use AI, with 45% employing it frequently. However, 89% encounter barriers to full AI adoption, highlighting a need for more AI skills and competencies. To bridge this gap, 66% of respondents plan to seek AI-specific training, hires, or consultants. Creative Circle aims to support this transition by providing necessary expertise and solutions to maximize AI's benefits.

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ASGN Incorporated (NYSE: ASGN), a prominent IT services and professional solutions provider for commercial and government sectors, announced its participation in two key conferences in June 2024.

The Baird 2024 Global Consumer, Technology & Services Conference will be held on June 4, 2024, in New York City. ASGN CEO Ted Hanson and CFO Marie Perry will present at 12:50 p.m. ET and engage in investor meetings throughout the day.

The company will also take part in the William Blair 44th Annual Growth Stock Conference on June 5, 2024, in Chicago. Hanson and Perry will present at 8:00 a.m. CT and hold investor meetings all day. Presentations will be webcast live, with replays available on ASGN's investor website.

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Creative Circle, a leading marketing and creative services firm, has won ClearlyRated’s 2024 Client and Talent Awards for service excellence. This marks their sixth consecutive win on the talent side and fourth on the client side. They achieved exceptional ratings and reviews, with a high Net Promoter Score and positive client and candidate feedback.

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Apex Systems, part of ASGN, has been recognized as a VETS Indexes Recognized Employer for its commitment to veterans and the military-connected community. The company has a history of supporting veterans through various initiatives and partnerships. Dylan Kodad, National Veteran advocate, highlighted the dedication to empowering veterans in the IT field. Apex Systems has received accolades for its efforts, including being named a Hire Heroes USA Top 5 Employer in 2021.

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ASGN Incorporated (NYSE: ASGN) reported strong first quarter 2024 results with revenues of $1.05 billion, net income of $38.1 million, and Adjusted EBITDA of $108.3 million. The company repurchased $79.7 million worth of common stock and approved a new $750 million stock repurchase program. IT consulting revenues grew to 56.7% of total revenues, showcasing a healthy mix of commercial and government revenues. Despite a 7.1% decrease in consolidated revenues, ASGN remains optimistic about the future.
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Apex Systems, a leading global technology services firm and ASGN brand, announced a strategic alliance with cloud-based Business Spend Management company ISPnext to enhance Accounts Payable automation. The partnership aims to optimize finance operations with user-friendly AP Automation solutions integrated with Infor M3 CloudSuite, driving cost control, streamlining paper invoice management, and modernizing internal finance operations.
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ASGN partners with Children’s Hospital of Richmond at VCU to support pediatric care, showcasing commitment to philanthropy and community engagement.
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ASGN Incorporated (ASGN) schedules first quarter 2024 conference call, providing financial results and prepared remarks online.
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Apex Systems, an ASGN brand, has been recognized as one of the Best Places to Work for Women in Mexico 2024 by Great Place to Work™. The company's commitment to diversity, inclusion, and female empowerment is highlighted through this award, showcasing a culture of trust and career development for all employees.
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FAQ

What does ASGN Incorporated do?

ASGN Incorporated provides professional staffing and IT solutions in technology, digital, creative, engineering, and life sciences fields for commercial and government sectors.

What are the main segments of ASGN Incorporated?

ASGN Incorporated operates through three main segments: Apex, Oxford, and ECS.

What services does the Apex segment offer?

The Apex segment supplies technology, digital, creative, scientific, and engineering professionals for contract, contract-to-hire, and permanent placement roles, primarily for Fortune 1000 and mid-market clients.

What is the focus of the Oxford segment?

The Oxford segment delivers specialized technology, digital, engineering, and life sciences staffing and consulting services in various skill and geographic markets.

What advanced solutions does the ECS segment provide?

The ECS segment offers advanced IT solutions such as cloud services, cybersecurity, artificial intelligence, machine learning, application modernization, and science and engineering.

When was ASGN Incorporated founded?

ASGN Incorporated was founded in 1985.

What was the former name of ASGN Incorporated?

The former name of ASGN Incorporated was On Assignment, Inc. The name changed to ASGN Incorporated in April 2018.

Who are the primary clients of ASGN Incorporated?

ASGN Incorporated serves a diverse client base, including Fortune 1000 companies, mid-market companies, the Department of Defense, intelligence agencies, and civilian agencies.

Where is ASGN Incorporated headquartered?

ASGN Incorporated is headquartered in the United States.

What recent achievements has ASGN Incorporated made?

Recent achievements include expanding cloud services and cybersecurity solutions, strategic partnerships with Fortune 1000 companies, and industry recognition for innovative staffing solutions.

ASGN Incorporated

NYSE:ASGN

ASGN Rankings

ASGN Stock Data

4.04B
44.69M
3.82%
97.03%
2.21%
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