Welcome to our dedicated page for Asgn news (Ticker: ASGN), a resource for investors and traders seeking the latest updates and insights on Asgn stock.
ASGN Incorporated operates in the professional staffing and technology solutions sector, where news coverage typically focuses on quarterly financial performance, government contract awards, strategic partnerships, and business segment developments. The company's three divisions—Apex, Oxford, and ECS—each generate distinct news as they serve different markets ranging from commercial staffing to federal technology services.
Earnings announcements provide insight into demand trends across the company's staffing and solutions businesses. Government contract awards in the ECS segment often represent multi-year revenue commitments worth tracking. Partnership announcements reveal strategic relationships with technology platforms and service providers that extend the company's capabilities. Leadership updates and organizational changes signal shifts in business priorities across segments.
For investors monitoring ASGN, news coverage reveals how external factors affect the professional services industry. Technology sector hiring trends impact commercial staffing demand. Federal budget cycles influence government contracting opportunities. Workforce dynamics including remote work adoption and talent availability shape the company's operating environment. Material events filed in 8-K reports often contain significant business developments beyond routine quarterly updates.
This news resource aggregates announcements across all ASGN business segments, from Apex and Oxford staffing operations to ECS government solutions. Track quarterly performance metrics, contract wins, strategic initiatives, and market developments affecting the company's position in professional employment services and federal IT contracting. Real-time updates ensure access to material disclosures as they occur.
ECS has secured a $19 million contract to enhance the Marine Corps’ M-SHARP, a pivotal web-based training management system. This three-year agreement will focus on operational software engineering, user support, and cloud hosting maintenance. The contract extends ECS's ongoing relationship with the USMC, facilitating improved flight operations and combat readiness. Previously, ECS modernized the training modules and migrated the system to a secure cloud environment, boosting performance. This partnership aligns with the Marine Corps' Force Design 2030 initiative.
ECS, a prominent player in advanced technology, has announced a donation exceeding $4 million to the U.S. Naval Academy for the Advanced Cyber Threat Defense (ACTD) platform. This donation will support the Center for Cyber Security Studies at Hopper Hall, enhancing cyber warfare education for midshipmen. The ACTD platform is currently utilized by various Department of Defense networks, offering robust cybersecurity solutions. This initiative aims to empower the next generation of cyber professionals for the U.S. military and broader national security.
ASGN reported strong Q1 2022 financial results, surpassing guidance with revenues of $1.1 billion, up 20.3% year-over-year. Income from continuing operations reached $67.6 million, reflecting a 57.9% increase. Adjusted EBITDA was $134.8 million, or 12.4% of revenues, marking a 39.1% rise. Share repurchases totaled $76.9 million. A new CFO, Marie Perry, will succeed Ed Pierce in August. The company projects second quarter 2022 revenues between $1.108 billion and $1.128 billion. ASGN aims for $6 billion in revenue by 2024.
ASGN Incorporated (NYSE: ASGN) has released its third annual Environmental Social Governance (ESG) Report, highlighting significant progress toward its sustainability objectives. In May 2021, ASGN joined the United Nations Global Compact, aligning its operations with universal principles on human rights and anti-corruption. The company has broadened its reporting frameworks and aims to enhance diversity within its senior management and supplier base. ASGN also plans to reduce carbon emissions based on a 2019 baseline. For more details, visit asgn.com/sustainability.
Apex Systems has attained the status of an AWS Advanced Consulting Partner, recognizing its commitment to excellence in cloud services. This designation reflects Apex's capabilities in customer satisfaction, AWS architect accreditation, and extensive cloud project management experience. The company focuses on delivering innovative solutions in areas like machine learning and digital modernization, aiming to enhance cloud adoption for clients.
ASGN Incorporated (NYSE: ASGN) plans to release its Q1 2022 financial results on April 27, 2022, at approximately 4:15 p.m. ET. A conference call hosted by CEO Ted Hanson will follow at 4:30 p.m. ET. The call will be accessible via dial-in with a specific conference ID, and a replay will be available until May 11, 2022. Interested parties can also access the webcast of the call on the company's website. ASGN is a premier provider of IT services and professional solutions across various sectors.
ASGN Incorporated (NYSE: ASGN) reported strong financial results for Q4 and FY 2021, with revenues of $1.1 billion, a 17% increase year-over-year. Income from continuing operations reached $65.4 million, up 35.4%. Full-year revenues totaled $4 billion, a 14.5% rise, while adjusted EBITDA for the year was $483.1 million, marking a 23% increase. The company initiated a $350 million stock repurchase program. Looking ahead, Q1 2022 revenue estimates range from $1.033 billion to $1.053 billion, indicating continued growth.
ASGN Incorporated (NYSE: ASGN) will release its fourth quarter and full year 2021 financial results on February 9, 2022, at approximately 4:15 p.m. ET. Following this, a conference call will be held at 4:30 p.m. ET, led by CEO Ted Hanson. Prepared remarks will be available on ASGN's website. Investors can participate via dial-in at 877-407-0792 or by accessing the webcast at www.asgn.com. A replay of the call will be available until February 23, 2022.
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