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Everforth, Inc. (formerly ASGN Incorporated) reports developments tied to its technology and digital engineering business for commercial enterprises and U.S. government customers. Company updates commonly cover operating results, segment demand, contract activity, share repurchases, acquisitions, and the completed corporate name and NYSE ticker transition from ASGN to EFOR.
The company’s recurring news themes include AI and data, cloud and infrastructure, digital engineering, customer experience, cybersecurity, enterprise platforms, offshore delivery, and brand integration across its operating businesses. Federal updates include Everforth ECS, an IT systems integrator serving defense, intelligence, and federal civilian agencies, while commercial updates include Apex Systems partnerships and services for data, cloud, and FinOps programs.
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.
ASGN Incorporated (NYSE: ASGN) will release its fourth quarter and full year 2020 financial results on February 10, 2021, at approximately 4:15 p.m. EST, followed by a conference call at 4:30 p.m. EST hosted by CEO Ted Hanson. Prepared remarks will be available on their website prior to the call. For participation, the dial-in number is 877-407-0792 (international: +1-201-689-8263) with Conference ID 13714744. A replay will be available from 7:30 p.m. EST on February 10 until February 24, 2021.
ECS, a leader in technology and engineering solutions, has secured a five-year, $28.8 million contract with the United States Marine Corps (USMC) to provide information technology service and support. This contract enables M&RA to optimize human resources for active and reserve members. ECS will leverage its expertise in AWS GovCloud to enhance the Manpower Information Portal and support over 50 cloud applications. The company has over two decades of experience with USMC, having previously established cloud environments meeting stringent security requirements.
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Apex Systems has partnered with University of Maryland Global Campus (UMGC) to enhance upskilling and reskilling initiatives, particularly for military veterans pursuing careers in cybersecurity. The collaboration offers tuition discounts for UMGC courses to Apex consultants completing Cyber Security Analyst Training. Apex employees can earn academic credits towards degrees after passing IT certification exams. This alliance aims to strengthen Apex's workforce development strategy and improve educational accessibility for veterans, accelerating their path to degree completion and career advancement.