Welcome to our dedicated page for Asgn news (Ticker: ASGN), a resource for investors and traders seeking the latest updates and insights on Asgn stock.
ASGN Incorporated (ASGN) is a leading provider of professional staffing and IT solutions, operating across technology, digital, creative, engineering, and life sciences fields. The company serves both commercial and government sectors within the United States and internationally, offering a wide range of services through its three main segments: Apex, Oxford, and ECS.
The Apex segment specializes in supplying technology, digital, creative, scientific, and engineering professionals for contract, contract-to-hire, and permanent placement roles. Apex primarily caters to Fortune 1000 clients and mid-market companies, providing them with critical talent to drive their business operations.
The Oxford segment focuses on delivering highly specialized technology, digital, engineering, and life sciences staffing and consulting services. Known for its expertise in finding hard-to-reach talent, Oxford operates in various skill and geographic markets, ensuring that clients receive top-notch consultancy and staffing solutions.
The ECS segment is dedicated to providing advanced IT solutions, including cloud services, cybersecurity, artificial intelligence, machine learning, application modernization, and science and engineering. ECS serves both commercial enterprises and government entities, including the Department of Defense, intelligence agencies, and civilian agencies, with a strong focus on mission-critical solutions.
Established in 1985 and originally known as On Assignment, Inc., the company rebranded to ASGN Incorporated in April 2018. Headquartered in the United States, ASGN has built a robust reputation for its comprehensive service offerings and ability to meet the evolving needs of its diverse client base.
Recent Achievements and Projects:
- Expansion of cloud services and cybersecurity solutions through the ECS segment, serving both commercial and government clients.
- Strategic partnerships with Fortune 1000 companies to strengthen their digital and technological capabilities.
- Recognition in the industry for providing innovative staffing solutions that address gaps in the technology and life sciences sectors.
With a strong financial foundation and a commitment to delivering high-quality services, ASGN Incorporated continues to position itself as a key player in the professional staffing and IT solutions industry, maintaining a focus on growth and innovation to meet the demands of an ever-changing market.
Apex Systems, an ASGN brand (NYSE: ASGN), has won ClearlyRated's Best of IT Services® Award for superior client service. The company achieved a remarkable Net Promoter® Score of 78.6%, significantly surpassing the industry average of 47% in 2024. This marks Apex's first time winning this prestigious award.
The award, which evaluates companies' Solution Services offerings through customer rankings, recognizes excellence in service delivery, innovative solutions, value, and ease of doing business. Winners are selected based entirely on client ratings and achieve Net Promoter® Scores that exceed the industry average by more than 70%.
According to ClearlyRated's CEO Baker Nanduru, Apex has distinguished itself through its commitment to service excellence and extraordinary client experiences. Chief Solutions Officer James Boucher emphasized that the award validates their approach to client relationships and their ability to deliver high-end IT solutions and consulting services, combining boutique-level service with large consulting firm capabilities.
ECS, an ASGN (NYSE: ASGN) brand, has been selected as a prime contractor for multiple domains under the GSA's OASIS+ IDIQ contract vehicle, valued at approximately $60 billion over a maximum 10-year period. The contract, administered by GSA's Office of Professional Services and Human Capital Category, aims to support federal agencies' procurement needs for services-based solutions.
ECS secured awards in several key domains including Management and Advisory, Technical and Engineering, Research and Development, Intelligence Services, and Enterprise Solutions. The company will provide management and consulting services, technical expertise in engineering, geosciences, experimental development, and support for mission-critical operations through advanced command, control, communications, and intelligence capabilities.
ASGN Incorporated reported its Q4 and full-year 2024 financial results. Q4 revenues reached $985.0 million, with net income of $42.4 million and Adjusted EBITDA of $109.7 million (11.1% of revenues). Full-year 2024 revenues were $4.1 billion with net income of $175.2 million.
The Commercial Segment generated 70.3% of total revenues at $692.7 million, while the Federal Government Segment contributed 29.7% at $292.3 million. IT consulting revenues represented 58.6% of total revenues at $577.0 million. The company repurchased 0.5 million shares for $43.9 million in Q4.
For Q1 2025, ASGN projects revenues between $950.0-$970.0 million with an expected Adjusted EBITDA margin of 9.6-9.8%. The company also announced the acquisition of TopBloc for $340 million and a leadership transition with Shiv Iyer becoming President effective March 1, 2025.
BV Investment Partners has announced a definitive agreement to sell TopBloc, a tech-enabled Workday consultancy, to ASGN Incorporated (NYSE: ASGN). Founded in 2016 and based in Chicago, TopBloc has completed over 300 Workday installations in the past five years, serving medium and large enterprise customers across North America.
TopBloc provides Workday deployment services and support across six industry verticals, including financial management, human capital management, and payroll management. The company's team of over 500 consultants will join ASGN's Consulting Services upon completion of the transaction.
The deal is subject to Hart-Scott-Rodino and other customary closing conditions, with an expected closing during the first quarter of 2025.
ASGN Incorporated (NYSE: ASGN) has announced a definitive agreement to acquire TopBloc, a Workday consultancy, for $340 million in cash and equity. The transaction is expected to close in Q1 2025.
TopBloc, founded in 2016 and based in Chicago, provides Workday deployment services and support for human capital, financial, and payroll management. With over 300 Workday installations in five years and 500+ consultants, TopBloc will join ASGN's Consulting Services.
TopBloc is projected to generate approximately $150 million in revenues for 2025, representing over 20% year-over-year growth, with EBITDA margins in the high teens. The company serves six industry verticals and will be immediately accretive to ASGN on an adjusted basis.
ASGN Incorporated (NYSE: ASGN) announced a leadership transition, with current President Rand Blazer moving to Executive Vice Chairman on March 1, 2025. Shiv Iyer, former Americas Consulting and Industry X Lead Executive at Accenture, will succeed as President.
Iyer brings over 20 years of consulting experience, having led Accenture's Consulting and Industry X solutions across the Americas. He previously served as Market Unit Lead, US Midwest, and started his career at Wipro Infotech in India.
Blazer, who has been instrumental in ASGN's growth over the past 12 years, guided the company's transformation from a diversified staffing player to a provider of high-end IT services. He joined Apex Systems in 2007 and became ASGN's President in 2022. In his new role, Blazer will assist in Iyer's transition and continue advising on strategic initiatives.
ASGN Incorporated (NYSE: ASGN) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Wednesday, February 5, 2025, at 4:30 p.m. ET. The company will publish its financial results and prepared remarks on its website before the call.
Interested parties can join the conference using the dial-in number 877-407-0792 (or +1-201-689-8263 for international calls) with Conference ID 13750060. A replay will be available from 7:30 p.m. ET on February 5 until February 19, 2025, accessible via 844-512-2921 (or +1-412-317-6671 internationally) with replay code 13750060. The webcast will be available at www.asgn.com.
ECS, an ASGN brand specializing in IT systems integration, has announced a strategic partnership with SAS, a global data and AI leader, to enhance AI capabilities for federal agencies and commercial health systems. The collaboration will leverage ECS's expertise in federal health IT solutions and SAS's Viya platform to address various healthcare challenges, including reducing clinician burnout, optimizing supply chains, and automating contact center support.
The partnership aims to deliver advanced analytics and machine learning solutions across multiple critical applications, including public safety, health monitoring, risk management, and policy compliance oversight. ECS will implement SAS solutions to help federal agencies address complex operational needs, building on SAS's nearly 50-year history of serving the federal government.
ECS, an ASGN brand, has secured a $96 million prime contract from the Department of Health and Human Services' Advanced Research Projects Agency for Health (ARPA-H). This four-year contract follows ECS's earlier selection as prime contractor on a $500 million IDIQ STATS contract in 2024.
The company will collaborate with ARPA-H's Health Science Futures (HSF) and Scalable Solutions (SSO) mission offices, providing programmatic support in biotechnology, neuroscience, regenerative medicine, and cell therapies. ECS will address healthcare access, equity, and global supply chain challenges while offering strategic planning and financial management support.
Apex Systems UK, an ASGN brand (NYSE: ASGN), has achieved Great Place to Work® certification for the fourth consecutive year. The certification process involves a Trust Index™ survey and Culture Brief questionnaire, requiring organizations to score above 65%. The survey highlighted unanimous employee agreement on fair treatment regardless of orientation, race, or gender, and a secure work environment.
The company maintains a comprehensive approach to employee development through formal and informal training initiatives, regular innovation discussions, and community engagement through charitable efforts.
FAQ
What is the current stock price of Asgn (ASGN)?
What is the market cap of Asgn (ASGN)?
What does ASGN Incorporated do?
What are the main segments of ASGN Incorporated?
What services does the Apex segment offer?
What is the focus of the Oxford segment?
What advanced solutions does the ECS segment provide?
When was ASGN Incorporated founded?
What was the former name of ASGN Incorporated?
Who are the primary clients of ASGN Incorporated?
Where is ASGN Incorporated headquartered?
What recent achievements has ASGN Incorporated made?
