ASGN Incorporated

Latest Results (09.08.2026):

ASGN Incorporated — First Quarter 2026: ASGN reported Q1 2026 revenues of $968.3 million (in line with guidance) and net income of $5.5 million, with Adjusted EBITDA of $83.6 million (8.6% margin). The company completed the $290.0 million acquisition of Quinnox during the quarter and officially rebranded to Everforth, Inc. (NYSE: EFOR) effective April 24, 2026.

Key financials

Revenues $968.3M (flat YoY); net income $5.5M ($0.13 diluted); Adjusted EBITDA $83.6M (8.6% of revenues); Adjusted Net Income $28.7M ($0.69 per diluted share).

Profitability and margins

Consolidated gross margin was 27.5%, down 90 bps YoY; Commercial gross margin 31.0% (down 140 bps) driven by mix and FX effects; Federal gross margin 19.6% (up 10 bps). SG&A was $224.4M and included $12.8M in acquisition/integration and strategic planning expenses not in prior guidance.

Cash flow and capital structure

Operating cash flow was $18.5M and Free Cash Flow $9.1M. Cash & cash equivalents $143.6M; ≈$160M available under $500M revolver; long-term debt (term loans + unsecured notes) remained substantial (total long-term debt ~$1.46B). The company repurchased 0.8M shares for $39.0M and reported ≈$934M remaining repurchase capacity.

Acquisition and rebranding

Closed acquisition of Quinnox for $290.0M (funded by revolver borrowings). The company transitioned its parent brand to Everforth, Inc. with new ticker EFOR effective April 24, 2026, positioning for an integrated, higher-value operating model focused on AI-led and digital engineering solutions.

Segment performance and bookings

Commercial revenues $675.5M (≈70% of total), up ~0.5% YoY with strength in Healthcare, Consumer & Industrial, and TMT; Commercial IT consulting book-to-bill (TTM) 1.1. Federal revenues $292.8M (30% of total), down ~1.1% YoY; Federal new contract awards (TTM) $0.8B with book-to-bill 0.7.

Outlook — Q2 2026 guidance

Q2 revenue guidance $970M–$1,000M; net income $8.0M–$13.7M ($0.19–$0.33 diluted); Adjusted EBITDA $85M–$95M (8.8%–9.5% margin). Company notes guidance assumes no market deterioration and includes incremental Quinnox amortization and ongoing integration costs.