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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.
ASGN Incorporated (NYSE: ASGN) plans to release its Q1 2022 financial results on April 27, 2022, at approximately 4:15 p.m. ET. A conference call hosted by CEO Ted Hanson will follow at 4:30 p.m. ET. The call will be accessible via dial-in with a specific conference ID, and a replay will be available until May 11, 2022. Interested parties can also access the webcast of the call on the company's website. ASGN is a premier provider of IT services and professional solutions across various sectors.
ASGN Incorporated (NYSE: ASGN) reported strong financial results for Q4 and FY 2021, with revenues of $1.1 billion, a 17% increase year-over-year. Income from continuing operations reached $65.4 million, up 35.4%. Full-year revenues totaled $4 billion, a 14.5% rise, while adjusted EBITDA for the year was $483.1 million, marking a 23% increase. The company initiated a $350 million stock repurchase program. Looking ahead, Q1 2022 revenue estimates range from $1.033 billion to $1.053 billion, indicating continued growth.
ASGN Incorporated (NYSE: ASGN) will release its fourth quarter and full year 2021 financial results on February 9, 2022, at approximately 4:15 p.m. ET. Following this, a conference call will be held at 4:30 p.m. ET, led by CEO Ted Hanson. Prepared remarks will be available on ASGN's website. Investors can participate via dial-in at 877-407-0792 or by accessing the webcast at www.asgn.com. A replay of the call will be available until February 23, 2022.
ECS, a leader in advanced technology solutions, announced the appointment of Sean Mullen as senior vice president of business development. Mullen, with over 30 years of experience, will focus on enhancing ECS’s growth through new partnerships. Previously, he held a similar role at Perspecta, implementing a successful go-to-market strategy. His leadership aims to drive market-leading growth and customer satisfaction in a complex public sector environment. ECS, part of ASGN (NYSE: ASGN), specializes in cloud, cybersecurity, and engineering solutions.
ASGN Incorporated has announced several leadership changes, including the promotion of Rand Blazer to President of ASGN, effective immediately. Additionally, the Board approved a new share repurchase program allowing up to
ECS has been appointed as an authorized reseller of the U.S. Air Force Platform One products. The company will implement tools like Big Bang and Iron Bank across federal, commercial, and academic sectors. ECS aims to enhance software factory implementations using its DevSecOps expertise. ECS's commitment to this initiative will leverage their skilled workforce to support the Air Force mission and improve Platform One's offerings. With over 3,500 employees, ECS is focused on delivering advanced solutions in areas such as cloud, cybersecurity, and AI.
ECS has announced the promotion of John Heneghan to president following George Wilson's retirement. Heneghan, formerly COO, oversaw acquisitions and is expected to expand ECS’ federal and commercial customer base. Greg Adams has been promoted to senior vice president for the Justice and Homeland Security sector. Other promotions include Dr. Shayla Treadwell to vice president of governance and Doug Bowlds to vice president of proposal development. ECS aims to enhance service offerings and maintain strong financial performance in 2022.
ASGN Incorporated (NYSE: ASGN) reported strong Q3 2021 results, with revenues of $1.1 billion, an increase of 18.7% year-over-year. Income from continuing operations reached $66.3 million (+42.0%). Adjusted EBITDA rose to $136.6 million (12.7% of revenues). The company closed the sale of its Oxford business for $525 million, yielding a net gain of $145.7 million. ASGN's cash and equivalents stood at $679.4 million. The company updated its Q4 guidance, raising revenue estimates by $20 million and Adjusted EBITDA estimates by $5 million.
Infor and Apex Systems have partnered to implement an ERP platform at Amsterdam UMC, enhancing operational processes for one of Europe’s largest hospitals. This deployment will utilize Infor CloudSuite Healthcare, focusing on financial administration, procurement, and logistics. The two-year project aims to strengthen existing healthcare interoperability, as Amsterdam UMC is already a client of Infor. Infor’s solution is designed to optimize workflows and support innovation in healthcare delivery, with a strong emphasis on improving efficiency in medical centers.
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