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.
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ASGN Incorporated reported strong financial results for Q4 and full year 2022, with revenues reaching $1.2 billion in Q4, an increase of 9.2% year-over-year, and full-year revenues of $4.6 billion, up 14.3%. Income from continuing operations for Q4 was $55.6 million, and Adjusted EBITDA stood at $131.9 million (11.5% of revenues). The company acquired Iron Vine Security and GlideFast Consulting, enhancing its cybersecurity and IT consulting capabilities. ASGN also repurchased 2.8 million shares for $281.4 million. The estimated revenues for Q1 2023 range from $1.14 billion to $1.16 billion.
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ASGN Incorporated (NYSE: ASGN) will announce its fourth quarter and full year 2022 financial results on February 8, 2023, at around 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 before the call. Interested parties can join the call by dialing 877-407-0792 (or +1-201-689-8263 internationally) and using Conference ID 13734748. A replay will be accessible from 7:30 p.m. ET on the same day until February 22, 2023.
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ECS has extended its sponsorship with Old Glory DC, Washington D.C.'s professional rugby team, for the 2023 Major League Rugby season. This partnership stems from ECS's recent acquisition of Iron Vine Security, a founding sponsor of Old Glory since 2019. ECS's logo will be featured on the team's jerseys, and they will become the title sponsor of the Shield Series, an invitational tournament aimed at fostering rugby talent in the Mid-Atlantic region. The partnership reflects ECS's commitment to growing rugby in the community. Old Glory DC will host two preseason matches on February 3 and 10, followed by eight regular-season home games starting February 18.
ECS has secured a two-year contract valued at $26M with the IRS to lead the largest data migration in its history. This initiative is part of the IRS Modernization Plan aimed at enhancing taxpayer services and core operations. The migration will involve moving applications and workflows to SharePoint Online and redesigning legacy processes on Power Platform. This project is expected to improve data insights, automation, and AI capabilities, enhancing the IRS's mission of tax law enforcement.
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.