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 (NYSE: ASGN) is described in its public communications as a provider of IT services and solutions across the commercial and government sectors. The ASGN news feed on this page brings together company-issued updates and related announcements that illustrate how the business operates through its segments and brands.
Recent ASGN news releases emphasize its role in helping corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions. Articles cover topics such as quarterly financial results, investor events, and strategic initiatives in areas like artificial intelligence, digital engineering, and partnerships with major technology platforms.
Company news also highlights activities carried out through ASGN’s brands. For example, announcements reference Apex Systems, ECS, and TopBloc as ASGN brands involved in technology services, federal government work, and platform-focused solutions. Other releases describe ASGN’s plan to transition to Everforth, a new parent brand that will unify six existing brands under a single identity, and outline solution areas in AI and data, cloud and infrastructure, digital engineering, customer experience, cybersecurity, and enterprise platforms.
Investors and followers of ASGN can use this news page to review official statements about segment performance, governance updates, capital structure changes, and strategic partnerships. The content reflects how ASGN positions itself in the IT services and solutions space for both commercial and government clients. By checking this page, readers can see how the company communicates its strategic direction, technology focus, and brand evolution over time.
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.
Summary not available.
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.