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Jun 30, 2024
ASGN Q2 2024 Earnings Report
ASGN's Q2 2024 results reflected consistent macro conditions with Q1, with revenue at $1.035 billion and Adjusted EBITDA margin at the top end of expectations.
Key Takeaways
ASGN Incorporated reported its second quarter 2024 financial results, with revenues of $1.035 billion and net income of $47.2 million. The Adjusted EBITDA margin was 11.3 percent. The company repurchased approximately 1.1 million shares for $108.0 million.
Revenues were $1.035 billion.
Net income was $47.2 million.
Adjusted EBITDA was $117.1 million (11.3 percent of revenues).
Approximately 1.1 million shares repurchased for $108.0 million.
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
The Company's financial estimates for the third quarter of 2024 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 $1,024.0 million and $1,044.0 million
- Net income between $45.8 million and $49.4 million
- Earnings per diluted share between $1.01 and $1.09
- Gross margin between 28.9% and 29.1%
- Adjusted EBITDA between $114.0 million and $119.0 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income