Asgn Inc Stock Price, News & Analysis

ASGN Incorporated (NYSE: ASGN) will announce its fourth quarter and full year 2022 financial results on February 8, 2023, at around 4:15 p.m. ET. A conference call will follow at 4:30 p.m. ET, hosted by CEO Ted Hanson. The prepared remarks will be available on the company’s website before the call. Interested parties can join the call by dialing 877-407-0792 (or +1-201-689-8263 internationally) and using Conference ID 13734748. A replay will be accessible from 7:30 p.m. ET on the same day until February 22, 2023.

ECS has extended its sponsorship with Old Glory DC, Washington D.C.'s professional rugby team, for the 2023 Major League Rugby season. This partnership stems from ECS's recent acquisition of Iron Vine Security, a founding sponsor of Old Glory since 2019. ECS's logo will be featured on the team's jerseys, and they will become the title sponsor of the Shield Series, an invitational tournament aimed at fostering rugby talent in the Mid-Atlantic region. The partnership reflects ECS's commitment to growing rugby in the community. Old Glory DC will host two preseason matches on February 3 and 10, followed by eight regular-season home games starting February 18.

ECS has secured a two-year contract valued at $26M with the IRS to lead the largest data migration in its history. This initiative is part of the IRS Modernization Plan aimed at enhancing taxpayer services and core operations. The migration will involve moving applications and workflows to SharePoint Online and redesigning legacy processes on Power Platform. This project is expected to improve data insights, automation, and AI capabilities, enhancing the IRS's mission of tax law enforcement.

ECS has secured a five-year, $430 million recompete contract with the Army to enhance its Endpoint Security Solution (AESS). This partnership will expand endpoint detection and response capabilities, providing managed service operations and advanced protections for approximately 800,000 endpoints across Army networks. ECS aims to implement a zero-trust solution leveraging open architecture for continuous innovation. This contract underscores ECS's ongoing commitment to delivering advanced cybersecurity and IT solutions for the Army, optimizing compliance and threat detection.

ASGN Incorporated (NYSE: ASGN) reported Q3 2022 revenues of $1.2 billion, up 11.6% year-over-year, with adjusted EBITDA at $148.7 million, an 8.9% increase. The revenue growth was driven by a 16.1% rise in the Commercial Segment, particularly in consulting services which saw a remarkable 43.2% jump. Net income was $73.2 million, down 65.5% due to high prior-year figures. Notably, cash flow from operations rose by 18.3% to $88.1 million. The company also announced acquisitions of GlideFast Consulting and Iron Vine Security, enhancing its service offerings.

ASGN Incorporated (NYSE: ASGN) will release its third quarter 2022 financial results on October 26, 2022 at approximately 4:15 p.m. ET. This will be followed by a conference call at 4:30 p.m. ET, hosted by CEO Ted Hanson. The conference call can be accessed by dialing 877-407-0792 (international: +1-201-689-8263) with Conference ID 13732512. A replay of the call will be available until November 9, 2022, and a webcast will be provided on the company's website.

ASGN Incorporated has announced the acquisition of Iron Vine Security, a cybersecurity firm, enhancing its position in cybersecurity solutions. With a team of 230 professionals, Iron Vine will join ASGN's ECS Federal segment. The acquisition strengthens ASGN's offerings for federal clients, including agencies like the National Institutes of Health and Securities and Exchange Commission. ASGN plans to grant approximately $7 million in restricted stock unit awards to 36 Iron Vine employees post-acquisition, vesting over several years.