Asgn Inc Stock Price, News & Analysis

Oxford Global Resources has enhanced its SAP partnership by delivering a partner managed cloud for SAP Enable Now, focusing on comprehensive training solutions. This expansion is aimed at increasing productivity, reducing costs, and improving client training experiences. The company has been part of the SAP PartnerEdge program since 2017, providing senior-level consultants. With over 20 years of experience, Oxford aims to support companies in achieving their growth and business objectives effectively.

ASGN reported strong Q1 2021 financial results, with revenues of $1,025.7 million, up 3.6% year-over-year. Net income rose to $48.7 million ($0.91 per share), an increase of 11.1% compared to Q1 2020. Adjusted EBITDA also improved to $108.6 million, or 10.6% of revenues. The Federal Government segment saw a significant revenue increase of 21.2% year-over-year. The company announced a new $250 million stock repurchase program, enhancing shareholder value. Cash and equivalents stood at $386.5 million.

ASGN Incorporated (NYSE: ASGN) will release its first quarter 2021 financial results on April 28, 2021, at approximately 4:15 p.m. EDT, followed by a conference call at 4:30 p.m. EDT hosted by CEO Ted Hanson. Prepared remarks will be available on the company's website prior to the call. Investors can join the call by dialing 877-407-0792 or +1-201-689-8263 from outside the U.S. A replay will be accessible from 7:30 p.m. EDT on April 28 until May 12, 2021, using the access code 13718057. More information can be found at www.asgn.com.

ASGN Incorporated (NYSE: ASGN) has released its second annual Environmental Social Governance (ESG) Report, highlighting its commitment to sustainability. The report is interactive, allowing users to analyze data through the Sustainability Accounting Standards Board or MSCI frameworks, and tracks ASGN's ESG progress back to 2017. CEO Ted Hanson emphasized the company's commitment to ESG causes, especially in the post-pandemic landscape, and outlined future goals including establishing a carbon usage baseline and creating a Green Leasing Policy. More details are available at asgn.com/sustainability.

ASGN Incorporated (NYSE: ASGN) has announced a change in Chairmanship, with current Chairman Jeremy Jones retiring on June 18, 2021, after 26 years of service. Arshad Matin, an independent director since 2014, will succeed him. Under Jones, ASGN's market cap grew from $130 million to approximately $5 billion. The company has also appointed two new independent directors, Carol Lindstrom and Vice Admiral Joseph W. Dyer, enhancing its Board with diverse expertise. ASGN emphasizes the importance of robust corporate governance and aims to achieve gender equality on its Board by 2022.

Encantado Technical Solutions, a joint venture of Edgewater and ECS, has secured a prime award for the Sandia National Laboratories contract valued between $400 million and $700 million. This seven-year contract will provide comprehensive IT support to Sandia, enhancing services for approximately 14,000 users and 150,000 devices. The contract will employ Agile methodologies and improve mission computing capabilities, creating new jobs in Albuquerque and Livermore. Encantado's commitment to local communities includes launching a nonprofit to advance STEM initiatives.

ASGN reported Q4 2020 revenues of $1,011.4 million, a 1.3% decline year-over-year. Net income rose to $55.4 million ($1.04 per share), up 41% from the prior year. Adjusted net income was $70.1 million ($1.31 per share), reflecting a 2.6% annual increase. Free cash flow for the quarter reached $82.7 million. The company made four acquisitions without additional leverage, maintaining a strong balance sheet with $274.4 million in cash. For Q1 2021, ASGN anticipates revenues between $1,000.0 million and $1,020.0 million.

Oxford Global Resources has been awarded the Best in KLAS for Business Solution Implementation Services, marking the seventh consecutive year of recognition. The company ranks highly in four categories, including Outsourced Coding and HIT Staffing, demonstrating its commitment to enhancing patient care through effective solutions in healthcare. This award reflects direct feedback from healthcare professionals, confirming Oxford's excellence in service delivery and operational impact.

Oxford Global Resources has been awarded the Best in KLAS designation for Business Solution Implementation Services, marking its seventh consecutive year of recognition. The company is ranked across four categories, further solidifying its role in enhancing patient care through effective staffing and consulting services. The KLAS award is based on extensive feedback from healthcare professionals and signifies excellence in software and services in the healthcare industry. This year, Oxford leads in Outsourced Coding, HIT Implementation Leadership for small businesses, and HIT Staffing.