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Mar 31
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.
ASGN
ASGN
ASGN Revenue by Segment
Revenue by Segment
Commercial Segment Revenue
CapyFin.comFederal Government Segment Revenue
CapyFin.comIT Consulting Revenue
CapyFin.comAssignment Revenues Revenue
CapyFin.com 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