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 has secured a five-year, $430 million recompete contract with the Army to enhance its Endpoint Security Solution (AESS). This partnership will expand endpoint detection and response capabilities, providing managed service operations and advanced protections for approximately 800,000 endpoints across Army networks. ECS aims to implement a zero-trust solution leveraging open architecture for continuous innovation. This contract underscores ECS's ongoing commitment to delivering advanced cybersecurity and IT solutions for the Army, optimizing compliance and threat detection.
ASGN Incorporated (NYSE: ASGN) reported Q3 2022 revenues of $1.2 billion, up 11.6% year-over-year, with adjusted EBITDA at $148.7 million, an 8.9% increase. The revenue growth was driven by a 16.1% rise in the Commercial Segment, particularly in consulting services which saw a remarkable 43.2% jump. Net income was $73.2 million, down 65.5% due to high prior-year figures. Notably, cash flow from operations rose by 18.3% to $88.1 million. The company also announced acquisitions of GlideFast Consulting and Iron Vine Security, enhancing its service offerings.
ASGN Incorporated (NYSE: ASGN) will release its third quarter 2022 financial results on October 26, 2022 at approximately 4:15 p.m. ET. This will be followed by a conference call at 4:30 p.m. ET, hosted by CEO Ted Hanson. The conference call can be accessed by dialing 877-407-0792 (international: +1-201-689-8263) with Conference ID 13732512. A replay of the call will be available until November 9, 2022, and a webcast will be provided on the company's website.
ASGN Incorporated has announced the acquisition of Iron Vine Security, a cybersecurity firm, enhancing its position in cybersecurity solutions. With a team of 230 professionals, Iron Vine will join ASGN's ECS Federal segment. The acquisition strengthens ASGN's offerings for federal clients, including agencies like the National Institutes of Health and Securities and Exchange Commission. ASGN plans to grant approximately $7 million in restricted stock unit awards to 36 Iron Vine employees post-acquisition, vesting over several years.
ECS has secured a five-year recompete contract valued at
ASGN Incorporated (NYSE: ASGN) announced its participation in the Inaugural Wells Fargo Leveraged Finance Conference on September 8, 2022, in Nashville, Tennessee. CEO Ted Hanson and Senior Vice President Jim Brill will present at 3:05 p.m. CT and engage in investor meetings throughout the day. The presentation will be available via live webcast on ASGN's investors' page. ASGN is known for its IT services and solutions, delivering technology and digital marketing support across commercial and government sectors.
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.