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ASGN (ASGN)

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Earnings summaries and quarterly performance for ASGN.

Recent press releases and 8-K filings for ASGN.

ASGN Announces Quinnox Acquisition, Q4 2025 Estimates, and Rebranding
ASGN
M&A
Guidance Update
Share Buyback
  • ASGN Incorporated has signed a definitive agreement to acquire Quinnox Inc., a digital solutions provider, for $290 million in cash. The transaction is expected to close in March 2026 and is anticipated to be accretive to Adjusted EPS in the first full year post close. Quinnox generated approximately $100 million in revenue in 2025 and expects low-to-mid teens revenue growth in 2026.
  • The company reconfirmed that it expects Q4 2025 revenues to be at the high end of the previously announced guidance range of $960 million to $980 million. Adjusted EBITDA for Q4 2025 is also expected to be at the high end of the previously announced range of $102 million to $107 million.
  • During Q4 2025, ASGN repurchased 1.4 million shares for $64.2 million at an average share price of $46.05 , with $972 million remaining under its $1 billion share buyback program.
  • ASGN Incorporated announced its intent to rebrand to Everforth in the first half of 2026.
1 day ago
ASGN to Acquire Quinnox, Updates Q4 2025 Estimates, and Provides Share Buyback Details
ASGN
M&A
Guidance Update
Share Buyback
  • ASGN Incorporated (soon to be renamed Everforth) has signed a definitive agreement to acquire Quinnox Inc., a digital solutions provider, for $290 million in cash, with the transaction expected to close in March 2026. This acquisition is intended to enhance ASGN's digital engineering and complex delivery capabilities.
  • Quinnox generated approximately $100 million in revenue in 2025 and is projected to achieve low-to-mid teens revenue growth and low 20-percent Adjusted EBITDA margins in 2026. The acquisition is expected to be accretive to ASGN's Adjusted EPS in the first full year post close.
  • ASGN reconfirmed its Q4 2025 financial estimates, expecting revenues to be at the high end of $960 million to $980 million and Adjusted EBITDA at the high end of $102 million to $107 million.
  • During Q4 2025, ASGN repurchased 1.4 million shares for $64.2 million and has $972 million remaining under its $1 billion share buyback program.
1 day ago
ASGN Announces Rebranding to Everforth and Strategic Initiatives
ASGN
M&A
Share Buyback
New Projects/Investments
  • ASGN Incorporated will rebrand as Everforth in the first half of 2026, unifying its six current brands under a single parent identity to enhance operational efficiencies and deepen collaboration.
  • Despite a slight revenue decline to $4.1 billion in fiscal 2024, ASGN launched AI Factory and secured a $20 billion Department of Treasury cybersecurity contract through its ECS segment.
  • The company authorized a $1 billion share buyback plan and acquired TopBloc for $340 million, signaling strategic growth initiatives.
Nov 21, 2025, 5:28 AM
ASGN Announces Rebranding to EverForth and Outlines Strategic Vision with New Financial Targets
ASGN
New Projects/Investments
M&A
Guidance Update
  • ASGN announced its rebranding to EverForth, aiming to unify its brand equity, enhance internal collaboration, and simplify client engagement across its technology solutions offerings.
  • The company outlined a strategic focus on high-growth technology solutions, particularly in data and AI, cybersecurity, cloud, digital engineering, and customer experience, viewing AI as a significant tailwind and investing in proprietary tools and partnerships.
  • ASGN presented three-year financial targets (2025-2028), including a consolidated organic revenue CAGR of 4-6%, adjusted EBITDA margins of 12.5-13.5%, and cumulative free cash flow of upwards of $1 billion.
  • The company detailed a capital allocation strategy prioritizing organic growth, strategic M&A (highlighting recent acquisitions like TopBloc and GlideFast), and opportunistic share repurchases, including a newly approved $1 billion share repurchase program.
Nov 20, 2025, 1:30 PM
ASGN Announces Rebranding to EverForth and Provides 3-Year Financial Projections
ASGN
Guidance Update
New Projects/Investments
Share Buyback
  • ASGN announced its rebranding to EverForth, aiming to unify its brand, enhance collaboration, and simplify client engagement.
  • The company provided 3-year financial projections, targeting an organic revenue CAGR of 4-6%, Adjusted EBITDA margins ranging from 12.5-13.5% by 2028, and cumulative free cash flow of upwards of $1 billion.
  • ASGN anticipates 200-300 basis points of margin improvement over the three-year period, primarily from structural cost changes expected to generate up to $80 million in annualized savings.
  • The capital allocation strategy prioritizes organic growth investments, strategic acquisitions (projecting an additional $800 million-$900 million in revenue), and shareholder returns, including a newly approved $1 billion share repurchase program.
Nov 20, 2025, 1:30 PM
ASGN Announces New Brand, Strategic Focus, and Three-Year Financial Targets at 2025 Investor Day
ASGN
Guidance Update
New Projects/Investments
Share Buyback
  • ASGN is introducing EverForth as its new unified technology solutions brand, focusing on data and AI, cybersecurity, cloud, digital engineering, and customer experience.
  • The company is strategically positioning for growth by leveraging AI opportunities and strengthening partnerships with key technology providers such as Salesforce, ServiceNow, AWS, and Databricks.
  • ASGN projects a 3-year organic revenue CAGR of 4-6%, with adjusted EBITDA margins reaching 12.5-13.5% by 2028, and cumulative free cash flow of over $1 billion.
  • The company anticipates adding $800 million-$900 million in revenue through acquisitions and expects 200-300 basis points of EBITDA margin improvement, partly driven by up to $80 million in annualized SG&A savings.
  • ASGN's capital allocation strategy includes a newly approved $1 billion share repurchase program, the largest in its history, alongside continued investment in organic growth and strategic M&A.
Nov 20, 2025, 1:30 PM
ASGN Reports Third Quarter 2025 Results and Provides Fourth Quarter 2025 Estimates
ASGN
Earnings
Guidance Update
Share Buyback
  • ASGN reported revenues of $1.01 billion, net income of $38.1 million, and Adjusted EBITDA of $112.6 million for the third quarter ended September 30, 2025, with diluted earnings per share of $0.87.
  • The company provided fourth quarter 2025 financial estimates, projecting revenues between $960.0 million and $980.0 million, net income between $32.1 million and $35.7 million, and diluted earnings per share between $0.75 and $0.83.
  • During the third quarter of 2025, ASGN repurchased approximately 0.9 million shares of its common stock for $46.0 million.
  • IT consulting revenues constituted approximately 63 percent of total revenues in Q3 2025, an increase from 58 percent in the year-ago period, with the Commercial Segment's new bookings showing a book-to-bill ratio of 1.2 to 1 and the Federal Government Segment's new contract awards at 1.0 to 1 for the trailing-twelve-month period.
Oct 22, 2025, 8:05 PM