ASGN Q2 2022 Earnings Report
Key Takeaways
ASGN Incorporated reported strong second quarter results with revenues of $1.1 billion, up 17.1 percent year-over-year, and income from continuing operations of $72.6 million, up 26.7 percent year-over-year. The company also entered into an agreement to acquire GlideFast Consulting for $350.0 million in cash.
Revenues were $1.1 billion, up 17.1 percent over the second quarter of 2021
Income from continuing operations was $72.6 million, up 26.7 percent over the second quarter of 2021
Adjusted EBITDA from continuing operations was $144.0 million (12.6 percent of revenues), up from $119.3 million in the second quarter of 2021
Spent $91.2 million to repurchase 911,700 shares of the Company's common stock
ASGN
ASGN
ASGN Revenue by Segment
Forward Guidance
The Company's financial estimates for the third quarter of 2022 are based on current operating trends and assume no significant deterioration in the markets ASGN serves. These estimates do not include any acquisition, integration or strategic planning expenses.
Positive Outlook
- Revenues between $1,183.0 million and $1,203.0 million
- Net income between $70.5 million and $74.1 million
- Earnings per share - Diluted: $1.39 and $1.46
- Adjusted EBITDA between $145.0 million and $150.0 million
- Adjusted Net Income between $88.1 million and $91.7 million