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 (ASGN) delivers professional staffing solutions and enterprise-level IT services to commercial organizations and federal agencies. This news hub provides investors with centralized access to corporate developments shaping the $4B+ market cap company.
Track official press releases covering earnings results, strategic acquisitions, and government contract awards. Stay informed about operational updates from key segments including Apex (technology staffing), Oxford (specialized recruiting), and ECS (advanced IT solutions).
Discover how ASGN's integration of Workday consultancy TopBloc enhances cloud-based HR solutions. Monitor regulatory filings and leadership announcements impacting the company's position in STEM staffing and federal IT modernization markets.
Bookmark this page for unfiltered access to ASGN's financial communications and market-moving developments. Combine these primary sources with third-party analysis to inform your investment research strategy.
ASGN achieved significant milestones in Q1 2023, reporting revenues of $1.1 billion, a 3.5 percent increase over Q1 2022. IT consulting revenues constituted 50.4 percent of total revenues, a notable rise from 42.4 percent the previous year. The company generated $49.5 million in net income and $123.5 million in adjusted EBITDA, representing a margin of 10.9 percent. The commercial segment saw revenues at $832.1 million, while federal government revenues increased 15.0 percent year-over-year. New bookings reached an impressive $392 million, with a trailing-twelve-month total of $1.3 billion. However, assignment revenue declined by 10.8 percent, reflecting cyclical trends. A new $500 million stock repurchase program has been approved.
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