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 (NYSE: ASGN) is described in its public communications as a provider of IT services and solutions across the commercial and government sectors. The ASGN news feed on this page brings together company-issued updates and related announcements that illustrate how the business operates through its segments and brands.
Recent ASGN news releases emphasize its role in helping corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions. Articles cover topics such as quarterly financial results, investor events, and strategic initiatives in areas like artificial intelligence, digital engineering, and partnerships with major technology platforms.
Company news also highlights activities carried out through ASGN’s brands. For example, announcements reference Apex Systems, ECS, and TopBloc as ASGN brands involved in technology services, federal government work, and platform-focused solutions. Other releases describe ASGN’s plan to transition to Everforth, a new parent brand that will unify six existing brands under a single identity, and outline solution areas in AI and data, cloud and infrastructure, digital engineering, customer experience, cybersecurity, and enterprise platforms.
Investors and followers of ASGN can use this news page to review official statements about segment performance, governance updates, capital structure changes, and strategic partnerships. The content reflects how ASGN positions itself in the IT services and solutions space for both commercial and government clients. By checking this page, readers can see how the company communicates its strategic direction, technology focus, and brand evolution over time.
ECS, part of ASGN, has secured a $49M two-year IDIQ contract with the NIH, providing support across eight key task areas such as financial analysis, program management, and system integration. This opportunity enhances ECS's capabilities in delivering business solutions and improving processes for NIH and other DHHS agencies. With over 20 years of experience supporting NIH, ECS aims to strengthen its role in federal health initiatives. The contract will allow ECS to compete for specific task orders, potentially expanding its federal engagement.
ECS has appointed John Roman as the new vice president of contracts and procurement, effective immediately. With over 30 years of experience, Roman will oversee the company's contracting and procurement efforts, supporting ECS’s strategic growth in 2022 and beyond. His previous role was at Huntington Ingalls Industries, where he managed contracts for engineering solutions. The company's leadership emphasized Roman's capability in driving cost savings and minimizing risks, crucial for ECS's focus on delivering advanced technology solutions in sectors like cybersecurity and AI.
ASGN Incorporated (NYSE: ASGN) reported strong Q2 2022 financial results, with revenues reaching $1.1 billion, a 17.1% increase from Q2 2021. Income from continuing operations was $72.6 million, up 26.7% year-over-year. Adjusted EBITDA hit $144.0 million, which is 12.6% of revenues. ASGN announced a new $400 million stock repurchase program and completed the acquisition of GlideFast Consulting for $350 million. The company anticipates Q3 2022 revenues between $1.183 billion and $1.203 billion, with earnings per share estimated at $1.39 to $1.46.
ASGN Incorporated (NYSE: ASGN) plans to release its second quarter 2022 financial results on July 27, 2022, at 4:15 p.m. ET. A conference call will follow at 4:30 p.m. ET, hosted by CEO Ted Hanson. The prepared remarks will be available on the company's website beforehand. Investors can participate via dial-in, and a replay will be accessible from 7:30 p.m. ET on July 27 until August 10, 2022.
ASGN specializes in IT services and professional solutions, catering to both commercial and government sectors.
ASGN Incorporated (NYSE: ASGN) has completed its acquisition of GlideFast Consulting LLC for $350 million. GlideFast is expected to contribute approximately $95 million in revenues for 2022 with mid-teen EBITDA margins. For 2023, GlideFast forecasts a 30% revenue growth compared to 2022. This acquisition aligns with ASGN's strategy to enhance its digital solutions, particularly in the $190 billion ServiceNow market. Additionally, ASGN has granted restricted stock awards to 42 GlideFast employees as part of the integration process.
ECS has secured a five-year, $49M contract with the
ECS has been awarded a Blanket Purchase Agreement (BPA) valued at $61.3M by the NOAA Office of Marine and Aviation Operations. This BPA extends a 25-year partnership, enabling ECS to provide technology and logistics support aimed at optimizing NOAA's fleet operations. The agreement includes areas such as strategic planning, system design, and lifecycle management.
ECS has been recognized as an AWS Managed Service Provider Partner for the eighth consecutive year, affirming its commitment to delivering advanced cloud solutions. This designation comes after passing a strict third-party audit demonstrating operational excellence across AWS services. ECS's offerings help customers navigate the AWS cloud adoption lifecycle, ensuring cost savings, flexibility, and enhanced cybersecurity. As part of ASGN, ECS continues to play a pivotal role in the public sector and defense markets, backed by over 3,500 employees nationwide.
ECS has secured a multiple award IDIQ contract to provide application development support to the Federal Communications Commission (FCC). This initiative aims to enhance operational efficiency at the FCC Information Technology Center through project management, software development, and documentation services. ECS will collaborate closely with other contractors to elevate service delivery and improve stakeholder experience. The award underscores ECS's commitment to delivering secure and scalable IT solutions, furthering its partnership with the FCC.
BV Investment Partners announced the sale of GlideFast Consulting, an Elite ServiceNow Partner, to ASGN Incorporated (NYSE: ASGN). GlideFast, founded in 2015 and headquartered in Waltham, Massachusetts, specializes in ServiceNow implementations and support services. Since BV's investment in 2020, GlideFast has expanded significantly, becoming the largest dedicated ServiceNow partner and earning the 2022 Global Elite Partner of the Year title. The transaction, subject to closing conditions, is expected to finalize in July 2022.
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