ASGN Q4 2021 Earnings Report
Key Takeaways
ASGN Incorporated reported strong Q4 2021 results with revenues of $1.1 billion, up 17.0% year-over-year, and income from continuing operations of $65.4 million, up 35.4% year-over-year. The company's success was largely due to the outperformance of the Commercial Segment, particularly the consulting business, and gross margin expansion in the Federal Government Segment. The company provided Q1 2022 financial estimates based on current operating trends.
Revenues were $1.1 billion, up 17.0 percent over the fourth quarter of 2020
Income from continuing operations was $65.4 million, up 35.4 percent over the fourth quarter of 2020
Adjusted EBITDA from continuing operations was $130.3 million, or 12.4 percent of revenues
At quarter end, cash and cash equivalents totaled $529.6 million
ASGN
ASGN
ASGN Revenue by Segment
Forward Guidance
The Company's financial estimates for the first quarter of 2022 are based on current operating trends and assume no significant deterioration in the markets ASGN serves.
Positive Outlook
- Revenues are expected to be between $1,033.0 million and $1,053.0 million.
- Net income is projected to be between $54.8 million and $58.4 million.
- Diluted earnings per share are estimated to be between $1.05 and $1.12.
- Adjusted EBITDA is expected to be between $117.3 million and $122.3 million.
- Adjusted net income per diluted share is estimated to be between $1.31 and $1.37.