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Everforth, Inc. (formerly ASGN Incorporated) reports developments tied to its technology and digital engineering business for commercial enterprises and U.S. government customers. Company updates commonly cover operating results, segment demand, contract activity, share repurchases, acquisitions, and the completed corporate name and NYSE ticker transition from ASGN to EFOR.
The company’s recurring news themes include AI and data, cloud and infrastructure, digital engineering, customer experience, cybersecurity, enterprise platforms, offshore delivery, and brand integration across its operating businesses. Federal updates include Everforth ECS, an IT systems integrator serving defense, intelligence, and federal civilian agencies, while commercial updates include Apex Systems partnerships and services for data, cloud, and FinOps programs.
ECS has secured a $19 million contract with the Defense Manpower Data Center (DMDC) under the U.S. Department of Defense. This five-year contract focuses on operation and maintenance support for ServiceNow instances, enhancing digital modernization efforts. ECS, a leading provider in digital transformation solutions, aims to optimize workflows and improve services for military personnel and their families. The company has an extensive history of successful ServiceNow deployments across various DoD agencies, showcasing its expertise in managing complex IT processes. This contract further solidifies ECS's role in modernizing DoD operations.
ASGN Incorporated (NYSE: ASGN), a provider of IT services and professional solutions, will participate in the BofA Securities 2023 Information and Business Services Conference on March 16, 2023, in New York City. CEO Ted Hanson and CFO Marie Perry will present at 2:30 p.m. ET and engage in investor meetings throughout the day. The presentation will be available via live webcast with a replay accessible on ASGN's Investor section. ASGN specializes in technology and creative digital marketing services for both commercial and government sectors, aiding organizations in developing critical IT solutions.
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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.