ASGN Incorporated

Latest Results (28.10.2026):

ASGN Incorporated reported results for the quarter ended March 31, 2026 (First Quarter 2026). Revenues were $968.3 million (in line with guidance), net income was $5.5 million ($0.13 diluted), and Adjusted EBITDA was $83.6 million (8.6% of revenues). The company completed the $290 million acquisition of Quinnox, repurchased 0.8 million shares for $39.0 million, and completed its rebrand to Everforth (ticker EFOR) effective April 24, 2026.

Key financials

Revenues: $968.3M (flat year‑over‑year). Net income: $5.5M. Adjusted Net Income: $28.7M. Adjusted EBITDA: $83.6M (8.6% margin). Diluted EPS: $0.13; adjusted EPS: $0.69.

Profitability & margins

Consolidated gross margin 27.5% (down 90 bps YoY). Commercial gross margin 31.0% (down 140 bps YoY, mix and FX impact); Federal gross margin 19.6% (up 10 bps YoY). Adjusted EBITDA margin compressed to 8.6% from 9.7% in Q1 2025.

Cash flow & free cash

Operating cash flow: $18.5M. Free Cash Flow (non‑GAAP): $9.1M. Capital expenditures: $9.4M for the quarter.

Capital allocation & balance sheet

Cash and cash equivalents: $143.6M. Revolver availability: ~$160M of $500M facility; senior secured term debt $585.6M outstanding (Term A $98.1M, Term B $487.5M); senior unsecured notes $550M at 4.625% due 2028. Long‑term debt total reported $1,462.2M. Approximately $934M remained available under the stock repurchase program after the quarter's buyback.

Acquisition & corporate actions

Completed acquisition of Quinnox for $290M cash in March 2026 (funded by borrowing under the revolver). Rebrand to Everforth, Inc. and new NYSE ticker EFOR effective April 24, 2026. Q1 included $12.8M of acquisition, integration, and strategic planning expenses (not in prior guidance).

Segment performance & bookings

Commercial revenues: $675.5M (70% of total), +0.5% YoY; Commercial TTM IT consulting book‑to‑bill 1.1. Federal revenues: $292.8M (30% of total), down 1.1% YoY; Federal new contract awards TTM $0.8B and book‑to‑bill 0.7.

Q2 2026 outlook

Q2 revenue guidance: $970M–$1,000M. Adjusted EBITDA guidance: $85M–$95M (margin 8.8%–9.5%). Expected net income $8.0M–$13.7M and EPS $0.19–$0.33. Guidance assumes no market deterioration and excludes certain one‑time items and tax benefits noted in the release.

Management note

Management said revenues were in line with guidance and highlighted investments in leadership and integration toward a unified, higher‑value Everforth; they cited margin pressure from mix, FX and one‑time costs but signaled continued focus on higher‑value solutions and AI‑led transformation.