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Mar 31, 2025
ASGN Q1 2025 Earnings Report
ASGN reported solid Q1 2025 results with profitability and consulting revenue resilience amid macroeconomic uncertainty.
Key Takeaways
ASGN delivered $968.3M in revenue and $20.9M in net income in Q1 2025. IT consulting made up a strong 61% of total revenues. The company completed the acquisition of TopBloc and appointed a new president, signaling strategic momentum.
Revenue for Q1 2025 reached $968.3M, with strong IT consulting performance.
Net income was $20.9M and operating income came in at $46.6M.
ASGN completed the acquisition of TopBloc and appointed Shiv Iyer as President.
Book-to-bill ratios for Commercial and Government segments remained above 1.0.
Revenue by Segment
Forward Guidance
ASGN expects Q2 2025 revenue between $985M and $1.015B and EPS between $0.66 and $0.78, assuming stable macro conditions.
Positive Outlook
- Q2 revenue guidance raised to up to $1.015B.
- Adjusted EBITDA expected to improve to as high as $108M.
- Anticipates higher gross margin up to 29.3%.
- Improved Billable Days in Q2 versus Q1.
- Stable cost control with adjusted SG&A planning.
Challenges Ahead
- Guidance excludes any future acquisition/integration costs.
- Macroeconomic uncertainty remains a headwind.
- Client spending confidence weakened during Q1.
- Lower assignment revenue trend may persist.
- Ongoing volatility in commercial segment demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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