Asgn Inc Stock Price, News & Analysis

ASGN Incorporated (NYSE: ASGN) announced its participation in the Inaugural Wells Fargo Leveraged Finance Conference on September 8, 2022, in Nashville, Tennessee. CEO Ted Hanson and Senior Vice President Jim Brill will present at 3:05 p.m. CT and engage in investor meetings throughout the day. The presentation will be available via live webcast on ASGN's investors' page. ASGN is known for its IT services and solutions, delivering technology and digital marketing support across commercial and government sectors.

ECS, part of ASGN, has secured a $49M two-year IDIQ contract with the NIH, providing support across eight key task areas such as financial analysis, program management, and system integration. This opportunity enhances ECS's capabilities in delivering business solutions and improving processes for NIH and other DHHS agencies. With over 20 years of experience supporting NIH, ECS aims to strengthen its role in federal health initiatives. The contract will allow ECS to compete for specific task orders, potentially expanding its federal engagement.

ECS has appointed John Roman as the new vice president of contracts and procurement, effective immediately. With over 30 years of experience, Roman will oversee the company's contracting and procurement efforts, supporting ECS’s strategic growth in 2022 and beyond. His previous role was at Huntington Ingalls Industries, where he managed contracts for engineering solutions. The company's leadership emphasized Roman's capability in driving cost savings and minimizing risks, crucial for ECS's focus on delivering advanced technology solutions in sectors like cybersecurity and AI.

ASGN Incorporated (NYSE: ASGN) reported strong Q2 2022 financial results, with revenues reaching $1.1 billion, a 17.1% increase from Q2 2021. Income from continuing operations was $72.6 million, up 26.7% year-over-year. Adjusted EBITDA hit $144.0 million, which is 12.6% of revenues. ASGN announced a new $400 million stock repurchase program and completed the acquisition of GlideFast Consulting for $350 million. The company anticipates Q3 2022 revenues between $1.183 billion and $1.203 billion, with earnings per share estimated at $1.39 to $1.46.

ASGN Incorporated (NYSE: ASGN) plans to release its second quarter 2022 financial results on July 27, 2022, at 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 beforehand. Investors can participate via dial-in, and a replay will be accessible from 7:30 p.m. ET on July 27 until August 10, 2022.

ASGN specializes in IT services and professional solutions, catering to both commercial and government sectors.

ASGN Incorporated (NYSE: ASGN) has completed its acquisition of GlideFast Consulting LLC for $350 million. GlideFast is expected to contribute approximately $95 million in revenues for 2022 with mid-teen EBITDA margins. For 2023, GlideFast forecasts a 30% revenue growth compared to 2022. This acquisition aligns with ASGN's strategy to enhance its digital solutions, particularly in the $190 billion ServiceNow market. Additionally, ASGN has granted restricted stock awards to 42 GlideFast employees as part of the integration process.

ECS has secured a five-year, $49M contract with the U.S. Army to support the accreditation, integration, testing, and fielding of security software products. This initiative aims to enhance the Army's tactical networks globally, aligning with its network transformation strategy. ECS will leverage its experience from the AESS program, which protects up to 800,000 endpoints, to deliver engineering, training, and laboratory services for improved cybersecurity and operational efficiency.

ECS has been awarded a Blanket Purchase Agreement (BPA) valued at $61.3M by the NOAA Office of Marine and Aviation Operations. This BPA extends a 25-year partnership, enabling ECS to provide technology and logistics support aimed at optimizing NOAA's fleet operations. The agreement includes areas such as strategic planning, system design, and lifecycle management.

ECS has been recognized as an AWS Managed Service Provider Partner for the eighth consecutive year, affirming its commitment to delivering advanced cloud solutions. This designation comes after passing a strict third-party audit demonstrating operational excellence across AWS services. ECS's offerings help customers navigate the AWS cloud adoption lifecycle, ensuring cost savings, flexibility, and enhanced cybersecurity. As part of ASGN, ECS continues to play a pivotal role in the public sector and defense markets, backed by over 3,500 employees nationwide.