ASGN Incorporated
ASGN
ISIN US00191U1025 / Valor 40656171
ASGN Incorporated
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About company
ASGN Incorporated, founded in 1985 and publicly traded since 1992, is a leading provider of IT services and solutions in North America. The company operates through its Apex segment, offering a broad spectrum of staffing and consulting solutions in information technology, engineering, health information, telecommunications, and related technical disciplines. ASGN serves both commercial and government sectors, providing highly skilled human capital to improve productivity and utilization among corporate enterprises and government organizations. Through acquisitions and internal growth, ASGN has expanded its presence and offerings, helping clients develop, implement, and operate critical IT and business solutions through its integrated professional staffing and IT solutions.
Summarized from source with an LLMView SourceSector: Business ServicesLatest Results (20.08.2024):
Revenue
ASGN Incorporated reported revenues of $1.035 billion for the second quarter of 2024, reflecting an 8.5 percent decrease compared to the same quarter in 2023. The Commercial Segment contributed $725.7 million, while the Federal Government Segment added $309.0 million to the total revenue.
Net Income
For the second quarter of 2024, ASGN Incorporated achieved a net income of $47.2 million, translating to $1.02 per diluted share. This is a decrease from the $60.1 million, or $1.22 per diluted share, reported in the second quarter of 2023.
Adjusted EBITDA
ASGN Incorporated's Adjusted EBITDA for the second quarter of 2024 was $117.1 million, representing 11.3 percent of revenues. This is a decline from the $135.2 million, or 12.0 percent of revenues, recorded in the same period of the previous year.
Cash Flow
Operating cash flows for ASGN Incorporated in the second quarter of 2024 were $90.7 million, with Free Cash Flow (a non-GAAP measure) amounting to $85.4 million. The company also repurchased approximately 1.1 million shares of its common stock for $108.0 million during this period.
Third Quarter Outlook
ASGN Incorporated's financial estimates for the third quarter of 2024 project revenues between $1.024 billion and $1.044 billion. The company expects net income to range from $45.8 million to $49.4 million, with Adjusted EBITDA anticipated to be between $114.0 million and $119.0 million.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3755 M
Market cap (USD)
60,384
Daily traded volume (Shares)
85 / 83.32
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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