Asgn Inc Stock Price, News & Analysis

ASGN Incorporated (NYSE: ASGN) will release its Q3 2021 financial results on October 27, 2021 at 4:15 p.m. ET. This will be followed by a conference call at 4:30 p.m. ET, hosted by CEO Ted Hanson. Investors can access the call by calling 877-407-0792 or +1-201-689-8263 for international participants, using Conference ID 13723652. A replay will be available from 7:30 p.m. ET on the same day until November 10, 2021. For more information, visit www.asgn.com.

ECS has secured an Other Transaction Agreement (OTA) from the Naval Information Warfare Center (NIWC) to implement the Legacy Data Consolidation Solution (LDCS). This agreement aims to enhance patient care and reduce costs for the Defense Health Agency (DHA) by migrating data from outdated electronic healthcare record systems. The consolidation will facilitate a unified patient record system, allowing for the decommissioning of legacy systems and achieving significant annual savings.

ECS, a leader in technology solutions, has secured three task orders from NOAA Fisheries. These orders will support program management, economic research, and media communication. ECS plans to develop decision support tools, including bio-economic models, and enhance communications through multimedia content. The company has over 20 years of partnership with NOAA Fisheries, focusing on improving data collection and analysis for recreational fisheries. This collaboration aims to bolster NOAA's mission to protect national fisheries, a critical resource for food and jobs in the U.S.

ECS has secured a five-year, $36.7 million contract from the United States Central Command (CENTCOM) to support military operations crucial to regional security. The contract involves providing personnel and services in areas including command and control, information sharing, and missile defense. ECS aims to strengthen CENTCOM's security posture and that of coalition partners. This award continues ECS's longstanding partnership with the Department of Defense, highlighting the company’s capabilities in advanced technology and engineering solutions.

ECS has been awarded a prime position on the GSA's ASTRO contract, focusing on the development and support of unmanned and manned systems for the Department of Defense. The contract, spanning five years with options for five more, holds significant multi-billion dollar potential without a defined ceiling. ECS's expertise in autonomous aviation, AI, and machine learning will be leveraged to enhance mission capabilities across various domains. The company aims to deliver innovative technologies to improve the effectiveness of U.S. warfighters.

ASGN Incorporated (NYSE: ASGN) will host a virtual Investor & Analyst Day on September 14, 2021, from 9:00 a.m. ET to noon. The event will feature CEO Ted Hanson and senior management discussing the company's strategic vision, market opportunities, and long-term outlook. A live webcast will be available for attendees, with links and supporting materials accessible on the company's investor relations website. Following the event, a replay of the webcast will also be available.

ASGN Incorporated (NYSE: ASGN) has finalized the sale of its Oxford Global Resources unit to H.I.G. Capital for $525 million, yielding net proceeds of approximately $415 million after taxes. This strategic divestment aims to enhance ASGN's focus on its core IT and professional services in commercial and government sectors. The transaction involved legal and financial advisory from Sullivan & Cromwell LLP, William Blair, and Truist Securities for ASGN, with Ropes & Gray LLP and Wells Fargo Securities advising H.I.G. Capital.

ASGN Incorporated has announced the acquisition of Enterprise Resource Performance, Inc. (ERPi), a healthcare consulting firm with a team of 250 consultants. This acquisition aims to enhance ASGN's Enterprise Solutions unit within its Federal Government Segment. ERPi specializes in IT solutions and healthcare domain expertise for government entities. ASGN's CEO emphasized the strategic importance of ERPi's capabilities, particularly in supporting the U.S. healthcare sector. Additionally, ASGN is granting restricted stock units to ERPi employees as part of the acquisition.

ASGN reported substantial growth in Q2 2021, with revenues reaching $974.9 million, a 17.2% increase from Q2 2020. Income from continuing operations surged 31.7% to $57.3 million. The net income stood at $64.2 million, including $6.9 million from discontinued operations. Adjusted EBITDA rose to $119.3 million, representing 12.2% of revenues. ASGN agreed to sell its Oxford business for $525 million, expected to close in Q3 2021. Additionally, the company has made two acquisitions to enhance its service capabilities and repurchased $35 million worth of stock.