Asgn Inc Stock Price, News & Analysis

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 $350 million of stock buybacks through December 2023. This program offers flexibility, as it does not obligate the company for specific purchases. The press release emphasizes the potential for operational continuity and growth amidst these transitions, while also acknowledging the retirement of George Wilson, who will serve as an Executive Advisor during the transition.

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.