Sign in

    Trevor Romeo • William Blair

    Trevor Romeo's questions to Republic Services Inc (RSG) leadership

    Trevor Romeo's questions to Republic Services Inc (RSG) leadership •

    Question

    Trevor Romeo of William Blair & Company asked for an update on the M&A pipeline and for guidance on the consolidated margin cadence for the second half of the year.

    Answer

    CEO Jon Vander Ark described the M&A pipeline as strong and robust, consisting mainly of tuck-in and regional deals rather than transformational ones. CFO Brian Delghiaccio detailed the second-half margin cadence, explaining that Q3 margins will face a tough comparison against a 40 basis point benefit in Q3 2024, likely resulting in slightly negative year-over-year performance. He expects Q4 margins to be positive year-over-year.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Republic Services Inc (RSG) leadership • Q2 2025

    Question

    Trevor Romeo of William Blair asked for an update on the M&A pipeline, including deal size and segment focus. He also inquired about the expected quarterly cadence for consolidated margins in the second half of the year.

    Answer

    CEO Jon Vander Ark described the M&A pipeline as strong and robust, consisting mostly of regional and small tuck-in deals, with no transformational deals in the immediate term. CFO Brian Delghiaccio addressed margins, noting the second half faces a tough comparison due to a $20 million out-of-period benefit in 2024. He expects a slightly negative year-over-year margin in Q3 and a slightly positive one in Q4, resulting in relatively flat performance for the second half overall.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Republic Services Inc (RSG) leadership • Q1 2025

    Question

    Trevor Romeo asked about the specific drivers for the 4% decline in MSW landfill volumes and the opportunity for upgrades across the traditional recycling facility footprint.

    Answer

    CFO Brian DelGhiaccio attributed the MSW volume decline primarily to weather, while highlighting that strong yield of 6.8% led to overall organic growth for the MSW line of business. CEO Jon Vander Ark explained that recycling facility upgrades are a continuous process of adding automation to improve product quality and efficiency, not just one-off projects like the recent Anaheim rebuild.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Republic Services Inc (RSG) leadership • Q4 2024

    Question

    Trevor Romeo inquired about the pricing environment and growth drivers within the Environmental Solutions business, and also asked about the labor environment, specifically the historical context of the improved employee turnover rate.

    Answer

    CEO Jon Vander Ark stated that ES margin expansion will continue through pricing and efficiency, though at a more moderate pace. He noted that the current employee turnover rate is at a 'decade low' and, while further large improvements are unlikely, they will continue to seek incremental gains.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Republic Services Inc (RSG) leadership • Q3 2024

    Question

    Trevor Romeo of William Blair asked about the sustainability of the pricing spread between open market and restricted contracts and the progress in shifting contracts away from CPI. He also inquired about current labor availability and wage inflation trends.

    Answer

    CFO Brian DelGhiaccio stated the current open market versus restricted spread is wider than the historical norm but expects pricing to remain above cost inflation. He noted 61% of historical CPI contracts have been moved to more favorable terms. CEO Jon Vander Ark added that labor turnover is down 100 basis points year-over-year, wage inflation is around 4.5%, and labor availability is improving, though technician roles remain challenging.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to AMN Healthcare Services Inc (AMN) leadership

    Trevor Romeo's questions to AMN Healthcare Services Inc (AMN) leadership • Q2 2025

    Question

    Trevor Romeo of William Blair inquired about clients' current sentiment on contingent labor needs, seeking detail on demand trends from Q2 into July. He also asked about the drivers of the improved gross margin in the Nurse and Allied segment and the outlook for spreads.

    Answer

    President & CEO Cary Grace explained that client uncertainty over government policy led to a Q2 slowdown, particularly from academic medical centers, but demand stabilized in July with a sharp rebound in traveler extension rates. CFO & COO Brian Scott added that the gross margin improvement was driven by factors like a payroll tax benefit and favorable business mix, with underlying spreads remaining stable.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to AMN Healthcare Services Inc (AMN) leadership • Q1 2025

    Question

    Trevor Romeo asked about the trend of unfilled, low-margin orders, questioning if competitors are becoming more disciplined and what it would take for clients to increase bill rates. He also sought to understand the drivers behind the strong performance in the labor disruption business and its potential for more consistent revenue and margins.

    Answer

    President and CEO Cary Grace suggested that the high level of unfilled orders reflects competitor rationality in avoiding economically unviable contracts, and that clients typically raise rates when their need becomes immediate. On labor disruption, Grace attributed the outperformance to AMN's internal focus and enhanced technological capabilities, which allow them to manage events without disrupting core services, rather than an increase in market-wide strike activity. CFO and COO Brian Scott added that while the business remains lumpy, its gross margins are not materially different from the segment average, and it provides strong EBITDA flow-through.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to AMN Healthcare Services Inc (AMN) leadership • Q4 2024

    Question

    Trevor Romeo of William Blair inquired about the recent monthly trends in traveler on assignment (TOA) volumes and the demand trends observed in the school staffing business.

    Answer

    CEO Caroline Grace reported that total Nurse and Allied travelers increased slightly at the end of 2024 before a seasonal dip in Q1, with international creating a headwind. Both Grace and CFO/COO Brian Scott noted a strong start to 2025 for the school staffing business, with booking trends for the next school year running ahead of the prior year, indicating a potential volume recovery. Grace also mentioned the positive reception of the Televate virtual support technology.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to AMN Healthcare Services Inc (AMN) leadership • Q3 2024

    Question

    Trevor Romeo asked about the future margin outlook, the drivers for SG&A, the growth prospects for the language services business, and details on discrete items benefiting Q3 revenue.

    Answer

    President and CEO Cary Grace explained that gross margin improvement would come from a favorable business mix (VMS, search, interim, international nurse) and improved bill-pay spreads, leading to SG&A leverage. She confirmed healthy demand and a 40%+ gross margin profile for language services, with a temporary Q3 growth slowdown expected to reverse in Q1. Executive Randle Reece clarified the discrete items were a sales allowance and SLA true-up in the Nurse and Allied segment, which benefited consolidated gross margin by about 100 basis points.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Casella Waste Systems Inc (CWST) leadership

    Trevor Romeo's questions to Casella Waste Systems Inc (CWST) leadership • Q2 2025

    Question

    Trevor Romeo questioned the drivers of volume performance, asking to distinguish between underlying economic trends and company-specific initiatives. He also sought more detail on why labor costs are running significantly higher in the Mid-Atlantic region.

    Answer

    CFO Bradford Helgeson stated that cyclical roll-off volumes have stabilized since Q1 and overall company volume was positive. President Edmond Coletta highlighted that a significant portion of landfill volume growth was from increased internalization. Regarding labor, Coletta explained that Mid-Atlantic costs are higher as a percentage of revenue due to a lack of automation and route optimization, an opportunity that will be realized more slowly than planned due to truck delivery delays.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Casella Waste Systems Inc (CWST) leadership • Q2 2025

    Question

    Trevor Romeo from William Blair & Company inquired about the drivers of volume performance, asking to separate underlying economic trends from company-specific initiatives. He also sought more detail on why labor costs were running higher in the Mid-Atlantic region.

    Answer

    EVP & CFO Bradford Helgeson noted that the roll-off business has stabilized, indicating a stable economy, and that overall company volume was positive. President Edmond Coletta added that a significant portion of landfill volume growth was from increased internalization. Regarding labor, Coletta explained that Mid-Atlantic costs are higher as a percentage of revenue due to a lack of automation and route optimization, which represents a multi-year synergy opportunity that has been slowed by truck delivery delays.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Casella Waste Systems Inc (CWST) leadership • Q1 2025

    Question

    Trevor Romeo from William Blair asked about the solid waste pricing strength in Q1, whether it surpassed expectations, and if there's potential for deceleration. He also questioned the progress of integration efforts for recent acquisitions and their net margin impact.

    Answer

    Executive Jason Mead confirmed that Q1 pricing was slightly ahead of budget but the full-year guidance of approximately 5% remains, acknowledging potential for slight moderation. Executive Ned Coletta addressed integration, stating that operational and HR efforts are proceeding well, while IT systems present the most complexity and future opportunity. He confirmed a net margin tailwind from acquired businesses. CEO John Casella added that a planned IT system upgrade represents a significant long-term value creation opportunity.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Casella Waste Systems Inc (CWST) leadership • Q1 2025

    Question

    Trevor Romeo of William Blair & Company asked about the strength of the 5.6% solid waste pricing in Q1, whether it could decelerate, and the progress of integration efforts for recent acquisitions, including their impact on margins.

    Answer

    Executive Jason Mead confirmed that Q1 pricing was slightly ahead of budget and the full-year guidance of approximately 5% remains, though moderation is typical. He highlighted strong commercial pricing. Executive Ned Coletta added that acquisition integrations are ahead of pro forma expectations, with systems and IT being the most complex area offering future value. CEO John Casella noted that a planned system upgrade to a newer version of Softpak represents a significant, low-risk opportunity for future value creation.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Casella Waste Systems Inc (CWST) leadership • Q3 2024

    Question

    Trevor Romeo inquired about the progress of landfill development initiatives, specifically the timeline and capacity expansion at Juniper Ridge and the volume ramp-up at the McKean facility. He also asked for details on the Royal acquisition, including its strategic importance in the Hudson Valley and its expected financial contribution and synergy potential.

    Answer

    CEO John Casella explained that the Juniper Ridge landfill received a crucial permit securing capacity for the next 10 years, while the McKean facility is in a test phase with no significant near-term volume ramp-up planned. President Ned Coletta added that McKean is a long-term strategic asset and that the Royal acquisition, a mid-teens EBITDA margin business, offers significant synergy potential through operational improvements and landfill internalization, with a goal to reach mid-20s margins.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Waste Management Inc (WM) leadership

    Trevor Romeo's questions to Waste Management Inc (WM) leadership • Q2 2025

    Question

    Trevor Romeo of William Blair asked about the drivers of the increasing landfill internalization rate and its future potential, and also inquired about voluntary workforce turnover at the acquired Healthcare Solutions business.

    Answer

    President & COO John Morris attributed the rising internalization rate, now above 71%, to the value of WM's differentiated post-collection network, noting it's a long-term trend. SVP Rafael Carrasco reported that turnover for the hourly workforce at Healthcare Solutions has actually improved since the acquisition, crediting WM's human-centered leadership approach.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Waste Management Inc (WM) leadership • Q1 2025

    Question

    Trevor Romeo asked about the increased 2025 M&A outlook of $500 million, questioning if it was fully included in guidance and what market dynamics were driving the opportunities. He also requested anecdotes from customer conversations regarding the value proposition of the combined WM and healthcare businesses.

    Answer

    EVP and CFO Devina Rankin confirmed the increased M&A is now reflected in the upside of guidance. EVP and COO John Morris attributed the strong M&A pipeline to market uncertainty, labor pressures on smaller operators, and the increasing value of WM's disposal network. Executive Rafael Carrasco shared that customers are excited about WM's sustainability expertise and analytics platform, highlighting a large cross-sell opportunity as only 17% of customers are currently shared.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Waste Management Inc (WM) leadership • Q4 2024

    Question

    Trevor Romeo of William Blair inquired about the organic performance of the Stericycle business, asking for its Q4 like-for-like results and the drivers behind its 9% organic growth forecast for 2025. He also asked for the key puts and takes in the 2025 collection and disposal volume guidance.

    Answer

    EVP and CFO Devina Rankin clarified the 9% growth is for EBITDA, driven by network expansion and fleet optimization, with revenue guided to grow 2.5-5%. Rafael Carrasco, head of WM Healthcare Solutions, added that improved data analytics will help prevent revenue leakage. EVP and COO John Morris explained the volume guidance reflects strong landfill momentum and a robust special waste pipeline, offset by the intentional shedding of unprofitable residential business and softness in the industrial sector.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Waste Management Inc (WM) leadership • Q3 2024

    Question

    Trevor Romeo asked for more detail on the drivers of strong landfill volume growth in the quarter and the reasons for the increase in the total sustainability CapEx budget.

    Answer

    EVP & COO John Morris attributed the strong landfill performance to broad-based strength, with a notable contribution from a new rail-served operation in the Midwest. SVP & Chief Sustainability Officer Tara Hemmer explained the higher CapEx budget is due to construction cost inflation for RNG plants and increased utility interconnect costs. EVP & CFO Devina Rankin added that the 2024 increase also reflects an intentional acceleration of spending.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Kforce Inc (KFRC) leadership

    Trevor Romeo's questions to Kforce Inc (KFRC) leadership • Q2 2025

    Question

    Trevor Romeo of William Blair inquired about the drivers of the recent sequential growth in the Finance & Accounting (FA) business, asking if its strategic repositioning is complete and whether the improvement stems from Kforce's execution or a market uptick. He also sought clarity on recent gross margin performance, specifically the impact of healthcare costs versus Direct Hire mix.

    Answer

    COO David Kelly attributed the FA business's growth to a successful repositioning towards higher-skilled roles and strong execution by a tenured team, rather than a significant market improvement. CFO Jeffrey Hackman explained that recent gross margin pressure was primarily due to a lower-than-expected mix of Direct Hire revenue, not unfavorable healthcare costs. Hackman noted that Technology Flex margins and bill-pay spreads remain stable, supported by a growing mix of higher-margin consulting solutions.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Kforce Inc (KFRC) leadership • Q1 2025

    Question

    Trevor Romeo inquired about the common themes or specific project types driving success in Kforce's consulting offerings. He also asked whether new AI-related opportunities are currently offsetting any potential near-term role disruption from the technology.

    Answer

    COO David Kelly cited broad success in consulting, with particular strength in application engineering, digital, and data rationalization projects that are foundational for AI. CEO Joseph Liberatore elaborated that current client demand is centered on 'AI readiness'—improving data, migrating to the cloud, and modernizing infrastructure. He noted that AI is reshaping existing roles (e.g., data scientists to AI engineers) rather than creating entirely new ones, which expands opportunities in high-demand skill areas.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Kforce Inc (KFRC) leadership • Q4 2024

    Question

    Trevor Romeo asked about the historical lag time between an increase in business confidence and a corresponding rise in project spending. He also inquired about Kforce's market share gains over the past few years and the overall competitive landscape.

    Answer

    Executive Joseph Liberatore explained that a sentiment shift, which is now occurring, is the crucial first step, and that historically, temp work picks up first, followed by project work later in subsequent quarters. He noted positive leading indicators like increased client meetings and job orders. Regarding market share, Liberatore stated that Kforce has historically outperformed the market growth rate reported by SIA by 2x and expects that to continue, adding that the competitive landscape among top providers has been consistent.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Kforce Inc (KFRC) leadership • Q3 2024

    Question

    Trevor Romeo inquired about the decision to choose India for the new development center over other regions like Latin America and asked for details on the current level of demand being driven by foundational AI preparation work.

    Answer

    COO David Kelly explained that India was chosen as a logical first step due to its vast and growing technology talent pool, describing the move as "additive" and not precluding future expansion into other regions. CEO Joseph Liberatore noted that while not broken out, demand for foundational AI work (data, cloud, governance) is "meaningful" and broad-based, providing Kforce with valuable experience as clients prepare for AI adoption.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Robert Half Inc (RHI) leadership

    Trevor Romeo's questions to Robert Half Inc (RHI) leadership • Q2 2025

    Question

    Trevor Romeo asked if client confidence has returned to levels seen a few quarters ago and inquired about trends in the entry-level labor market, including any potential impact from AI.

    Answer

    President & CEO M. Keith Waddell responded that while confidence is improving and heading in the right direction, it has not yet returned to the 'euphoric' post-election levels. On AI, he stated it has had very little impact on revenues so far, noting that SMBs are later adopters and that Robert Half's technology investments position it to take market share.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Robert Half Inc (RHI) leadership • Q1 2025

    Question

    Trevor Romeo asked about the evolving mix between high-skilled and operational roles within Talent Solutions and the demand for full-time engagement professionals (FTAPs). He also inquired about performance trends in the international business, which appeared to weaken in the first quarter.

    Answer

    Executive M. Waddell noted a continued shift up the skill curve, especially in technology, which has boosted bill rates. He explained that while the higher cost of FTAPs has pressured volumes, they represent a significant upside opportunity in a stronger market. Regarding international performance, Waddell attributed the weaker growth rate primarily to tougher year-over-year comparisons rather than a degradation in current performance and expressed optimism for opportunities in Europe.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Robert Half Inc (RHI) leadership • Q4 2024

    Question

    Trevor Romeo from William Blair & Company inquired about the demand environment for Robert Half's international business, which appeared softer than the U.S. across both Talent Solutions and Protiviti. He also asked about the outlook for Protiviti's full-year 2025 operating margins and whether they could return to the double-digit range.

    Answer

    Executive M. Waddell characterized the international softness as modest, not dramatic, and noted that comps can influence growth rates. He stated they do not foresee a drastic falloff in international results. Regarding Protiviti's margins, Waddell affirmed the expectation that full-year operating margins would increase in 2025 and that the division's stated goal is a 'double, double'—double-digit revenue growth and a double-digit operating margin.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Robert Half Inc (RHI) leadership • Q3 2024

    Question

    Trevor Romeo inquired about the impact of U.S. election uncertainty on demand for both Talent Solutions and Protiviti. He also asked about the company's internal headcount and its capacity to handle a rebound in revenue without significant hiring.

    Answer

    CEO M. Waddell explained that for Talent Solutions, general uncertainty about the election outcome is the primary headwind. For Protiviti, he expects minimal impact as its key regulatory drivers are largely non-partisan. He reiterated that the company has the capacity to grow revenue by 20-30% with its current staff but would hire proactively in a strong recovery to capture market share.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to ManpowerGroup Inc (MAN) leadership

    Trevor Romeo's questions to ManpowerGroup Inc (MAN) leadership • Q2 2025

    Question

    Trevor Romeo of William Blair & Company asked about the potential economic flow-through from increased defense and infrastructure spending in Europe, and the outlook for U.S. manufacturing reshoring following recent tariff rollouts.

    Answer

    Chairman & CEO Jonas Prising expressed that increased European defense spending will have a positive effect on the broader economy, particularly manufacturing, where ManpowerGroup is well-positioned. On U.S. reshoring, he noted that clients are taking a pragmatic view of tariffs and are considering expanding U.S. manufacturing capacity, which would be beneficial for ManpowerGroup's business.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to ManpowerGroup Inc (MAN) leadership • Q1 2025

    Question

    Trevor Romeo inquired about the drivers behind the U.S. Manpower brand's 7% growth, the potential impact of reshoring, and the status of the back-office transformation spend, including its expected future margin benefit.

    Answer

    CEO Jonas Prising credited the U.S. Manpower brand's strong performance to service innovation, such as Walmart branch openings, and the successful application of data analytics and AI to provide clients with differentiated workforce insights. CFO Jack McGinnis updated that the back-office transformation is progressing well, with about 50% of revenues on the new platform. He anticipates significant savings to begin inflecting in 2026, potentially delivering a 40-50 basis point margin benefit from cost efficiencies and reduced program spending.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to ManpowerGroup Inc (MAN) leadership • Q4 2024

    Question

    Trevor Romeo inquired about the drivers of growth in the Talent Solutions brand, particularly in RPO and MSP, and asked for the rationale behind the softer Q1 outlook for the APME segment.

    Answer

    Chief Financial Officer John McGinnis explained that the MSP business saw strong double-digit growth in Q4, while the RPO business crossed over to growth, driven by select U.S. client programs. He noted that the softer APME outlook for Q1 is due to normal seasonality and contract resets after a strong Q4, not a change in underlying trends, with Japan and India remaining strong.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to ManpowerGroup Inc (MAN) leadership • Q3 2024

    Question

    Trevor Romeo asked about the growing performance gap between the Manpower and Experis brands and the strategic rationale behind the South Korea divestiture.

    Answer

    CEO Jonas Prising explained the Experis brand is facing temporary headwinds from a post-pandemic normalization in IT hiring, while the Manpower brand has been more resilient. He also stated the South Korea sale aligns with a strategy to transition complex, lower-margin markets to a franchise model. CFO John McGinnis noted the financial impact on EPS is not significant for Q4.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Korn Ferry (KFY) leadership

    Trevor Romeo's questions to Korn Ferry (KFY) leadership • Q4 2025

    Question

    Trevor Romeo of William Blair asked for color on recent new business trends by month and the key drivers behind the strong 15% growth in Executive Search during the quarter.

    Answer

    CEO Gary Burnison noted that while uncertainty persists, May's new business was stronger than April's. For Executive Search, he advised against focusing on a single quarter, instead highlighting the firm's consistent long-term growth, diverse solutions, and favorable demographic trends creating demand for new types of leaders.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Korn Ferry (KFY) leadership • Q3 2025

    Question

    Trevor Romeo inquired about the key drivers behind Korn Ferry's recent productivity improvements and the potential for further gains, as well as the sources of the strong new business growth in the RPO segment.

    Answer

    CEO Gary Burnison attributed productivity gains to a strategic pivot towards more profitable work, resulting in higher hourly rates and 35-40% more revenue than pre-pandemic levels with the same headcount. Executive Robert Rozek added that future productivity will be enhanced by GenAI. Regarding RPO, Burnison explained that growth stems from a mix of winning new logos, targeting marquee accounts, and strength in the healthcare sector, all underpinned by a long-term labor supply-demand imbalance.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to Korn Ferry (KFY) leadership • Q1 2025

    Question

    Trevor Romeo of William Blair questioned Korn Ferry's long-term EBITDA margin target of 16-18%, asking if there was potential upside given current performance, and inquired about the drivers behind the weaker-than-typical sequential revenue guidance for Q2.

    Answer

    Executive Gary Burnison acknowledged potential upside to the margin target but confirmed the company is sticking with the 16-18% range for now, citing successful past restructuring and ongoing reinvestment. For the Q2 guidance, Burnison attributed the flattish outlook to global macro events like snap elections and a strategic shift in consulting towards larger, longer-cycle engagements.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to ASGN Inc (ASGN) leadership

    Trevor Romeo's questions to ASGN Inc (ASGN) leadership • Q1 2025

    Question

    Trevor Romeo from William Blair asked for more specific details embedded within the Q2 guidance for each business segment and inquired about the potential for the Mexico near-shoring capability to see resilient demand amid client cost-cutting.

    Answer

    CFO Marie Perry reiterated that guidance is provided on a consolidated basis but noted the DOGE impact was less than 2% of total revenue. CEO Ted Hanson added that the revenue-per-billable-day environment has been stable. Executive Vice Chairman Rand Blazer confirmed that the Mexico near-shore capability continues to grow as clients pursue cost efficiencies and that it is an integral part of their technology solutions.

    Ask Fintool Equity Research AI

    Trevor Romeo's questions to ASGN Inc (ASGN) leadership • Q4 2024

    Question

    Trevor Romeo asked about the strategic rationale for acquiring TopBloc, the long-term opportunity within the Workday ecosystem, and potential synergies. He also inquired about the commercial demand environment and whether the company is seeing early signs of improving client activity.

    Answer

    CEO Theodore Hanson described the TopBloc acquisition as a high-return use of capital, driven by strong customer demand for Workday ERP implementations, which are critical for deploying AI. President Randolph Blazer confirmed they are seeing positive leading indicators in the commercial segment, including improvements in backlog, pipeline, bookings, and activity levels in key sectors like financial services, which gives them confidence in a future recovery.

    Ask Fintool Equity Research AI