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Mar 31, 2020
ASGN Q1 2020 Earnings Report
ASGN reported a solid first quarter with revenue and Adjusted EBITDA within guidance ranges.
Key Takeaways
ASGN Incorporated reported first quarter 2020 results. Revenues were $990.5 million, up 7.2 percent year-over-year. Net income was $43.8 million ($0.82 per diluted share). Adjusted EBITDA was $103.5 million (10.5 percent of revenues).
Revenues were $990.5 million, up 7.2 percent year-over-year.
Net income was $43.8 million ($0.82 per diluted share), up from $34.9 million ($0.66 per diluted share) in the first quarter of 2019.
Adjusted Net Income (a non-GAAP measure) was $57.7 million ($1.08 per diluted share), up from $49.4 million ($0.93 per diluted share) in the first quarter of 2019.
Free cash flow was $48.8 million, or 4.9 percent of revenues.
ASGN
ASGN
ASGN Revenue by Segment
Revenue by Segment
Assignment Revenues Revenue
CapyFin.com Forward Guidance
Due to the significant uncertainty caused by the COVID-19 pandemic, ASGN will not provide financial guidance for the second quarter of 2020 and plans to resume providing forward guidance once the effect of this pandemic on its business becomes more predictable.