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.
ASGN Incorporated (NYSE: ASGN) has announced its first quarter 2023 financial results will be released on April 26, 2023, at 4:05 p.m. ET, followed by a conference call at 4:30 p.m. ET, hosted by CEO Ted Hanson. Prepared remarks will be made available on the company's website prior to the call. Interested parties can join the call by dialing 877-407-0792 (or +1-201-689-8263 internationally), using Conference ID 13737097. A replay will be accessible from 7:30 p.m. ET on April 26 until May 10, 2023, with specific dial-in details provided. ASGN is a leader in IT services and solutions, catering to both commercial and government sectors.
ECS has secured a $19 million contract with the Defense Manpower Data Center (DMDC) under the U.S. Department of Defense. This five-year contract focuses on operation and maintenance support for ServiceNow instances, enhancing digital modernization efforts. ECS, a leading provider in digital transformation solutions, aims to optimize workflows and improve services for military personnel and their families. The company has an extensive history of successful ServiceNow deployments across various DoD agencies, showcasing its expertise in managing complex IT processes. This contract further solidifies ECS's role in modernizing DoD operations.
ASGN Incorporated (NYSE: ASGN), a provider of IT services and professional solutions, will participate in the BofA Securities 2023 Information and Business Services Conference on March 16, 2023, in New York City. CEO Ted Hanson and CFO Marie Perry will present at 2:30 p.m. ET and engage in investor meetings throughout the day. The presentation will be available via live webcast with a replay accessible on ASGN's Investor section. ASGN specializes in technology and creative digital marketing services for both commercial and government sectors, aiding organizations in developing critical IT solutions.
FAQ
What is the current stock price of Asgn (ASGN)?
What is the market cap of Asgn (ASGN)?
