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Dec 31, 2024
ASGN Q4 2024 Earnings Report
Expected Revenue:$1B
-5.1% YoY
Expected EPS:$1.21
11.7% YoY
Key Takeaways
ASGN Incorporated reported a decrease in revenue compared to the same quarter last year, with consolidated revenues of $985.0 million. However, the company saw growth in commercial consulting revenues and an expansion in gross and Adjusted EBITDA margins. The acquisition of TopBloc was announced, and a leadership transition was planned.
Revenues were $1.0 billion.
Net income was $42.4 million.
Adjusted EBITDA was $109.7 million (11.1 percent of revenues).
The company repurchased 0.5 million shares of its common stock for $43.9 million.
ASGN
ASGN
ASGN Revenue by Segment
Forward Guidance
The company's financial estimates for the first quarter of 2025 assume no deterioration in the markets ASGN serves and do not include any acquisition, integration, or strategic planning expenses.
Positive Outlook
- Revenues between $950.0 million and $970.0 million
- Net income between $27.8 million and $30.7 million
- Earnings per diluted share between $0.63 and $0.69
- Gross margin between 28.5% and 28.7%
- Adjusted EBITDA between $91.0 million and $95.0 million
Challenges Ahead
- SG&A expenses between $204.7 million and $208.3 million
- Amortization of intangible assets of $12.9 million
- Effective tax rate of 28.0%
- Adjusted Net Income between $40.2 million and $43.1 million
- Adjusted Net Income per diluted share between $0.91 and $0.97