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Dec 31, 2024
ASGN Q4 2024 Earnings Report
ASGN Incorporated reported financial results for the fourth quarter and full year ended December 31, 2024, with gross margin, Adjusted EBITDA, and Adjusted EBITDA margin exceeding expectations.
Key Takeaways
ASGN Incorporated reported fourth quarter 2024 revenues of $985.0 million and net income of $42.4 million. Adjusted EBITDA was $109.7 million, representing 11.1 percent of revenues. The company repurchased 0.5 million shares of common stock for $43.9 million.
Fourth quarter revenues were $1.0 billion.
Net income for the quarter was $42.4 million.
Adjusted EBITDA reached $109.7 million, or 11.1 percent of revenues.
The company repurchased 0.5 million shares of common stock for $43.9 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
For the first quarter of 2025, ASGN anticipates revenues between $950.0 million and $970.0 million, with net income ranging from $27.8 million to $30.7 million. Adjusted EBITDA is projected to be between $91.0 million and $95.0 million.
Positive Outlook
- Anticipated revenues of $950.0 million to $970.0 million for Q1 2025.
- Projected net income of $27.8 million to $30.7 million for Q1 2025.
- Expected Adjusted EBITDA of $91.0 million to $95.0 million for Q1 2025.
- Adjusted EBITDA margin projected between 9.6% and 9.8%.
- Anticipated non-GAAP EPS between $0.91 and $0.97.
Challenges Ahead
- Estimates do not include any acquisition, integration, or strategic planning expenses.
- The financial estimates assume no deterioration in the markets ASGN serves.
- Billable days in Q1 2025 are 0.75 days fewer than the year-ago period.
- The company makes no assurances that the proposed revenue, expense, and profit estimates will be achieved.
- Forward-looking statements involve a high degree of risk and uncertainty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income