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Asgn Inc - ASGN STOCK NEWS

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Overview of ASGN Inc

ASGN Inc (ASGN) is a diversified provider of professional staffing and IT solutions that bridges the gap between high-caliber professionals and industry demands. Specializing in professional staffing, IT solutions, and technology consulting, the company offers a comprehensive suite of services tailored to commercial enterprises and government agencies alike. With its roots stretching back to the mid-1980s, ASGN Inc has evolved into a trusted partner for organizations seeking expertise in technology, digital innovation, creative solutions, engineering, and life sciences.

Business Segments and Service Offerings

ASGN Inc operates through several strategic segments, each designed to address unique market requirements:

  • Apex Segment: Provides professionals in technology, digital, creative, scientific, and engineering disciplines. These services are delivered through flexible engagement models including contract positions, contract-to-hire, and permanent placements aimed at both Fortune 1000 companies and mid-market firms.
  • Oxford Segment: Specializes in sourcing hard-to-find experts across technology, digital, engineering, and life sciences. This segment focuses on niche skill areas, addressing geographic and market-specific challenges, and delivering consulting services that add value across diverse industries.
  • ECS Segment: Concentrates on advanced IT and engineering solutions. By leveraging expertise in cloud computing, cyber security, artificial intelligence, machine learning, application modernization, and IT modernization, ECS delivers mission-critical solutions that empower organizations to maintain competitive advantage in a rapidly evolving digital landscape.

Market Position and Enhanced Service Capabilities

ASGN Inc has positioned itself as a robust service provider in both commercial and federal government sectors. Within the commercial market, the company’s consulting services, creative digital marketing, and permanent placement initiatives provide a deep reservoir of talent that enables organizations to drive innovation and efficiency. Its Federal Government Segment, meanwhile, caters specifically to mission-critical projects for a range of agencies including defense and intelligence. This bifurcated approach not only diversifies revenue sources but also reinforces the company’s resilience against market cycles.

Integration of Strategic Acquisitions

The strategic acquisition of TopBloc, a reputable tech-enabled Workday consultancy, exemplifies ASGN Inc’s commitment to expanding its domain expertise. TopBloc’s proficiency in providing Workday deployment services and on-demand support further consolidates ASGN Inc’s position in offering comprehensive technology consulting services. This integration brings a seasoned team of consultants and a portfolio of Workday-based solutions that enhance the company’s service mix, reinforcing its capability to serve medium to large enterprises with specialized needs in human capital management, financial solutions, and payroll management.

Operational Excellence and Industry Differentiators

The company’s success is built upon its ability to merge traditional staffing with advanced technological solutions, creating a unique value proposition that emphasizes flexibility and expertise. ASGN Inc utilizes an agile operational framework to ensure that it meets the evolving demands of clients across a broad spectrum of industries. Key differentiators include:

  • Diversified Service Portfolio: A wide-ranging mix of staffing and IT consulting services that allows clients to source talent for both short-term projects and long-term missions.
  • Tailored Engagement Models: Offering contract, contract-to-hire, and permanent placements fosters close alignment with client project requirements and workforce strategies.
  • Expertise in Niche Markets: Through specialized segments like Oxford, the company effectively addresses hard-to-fill roles and regional skill gaps, ensuring that even the most challenging positions are covered.
  • Advanced Technology Consulting: By incorporating advanced solutions in cloud, cybersecurity, artificial intelligence, and IT modernization, ASGN Inc continues to set benchmarks in service delivery and operational efficiency.

Competitive Landscape and Strategic Positioning

Operating in a highly competitive landscape, ASGN Inc differentiates itself through its deep industry insights, comprehensive service offerings, and a balanced focus on both commercial and government sectors. Unlike firms that concentrate solely on traditional staffing, ASGN Inc has evolved to incorporate high-end technology consulting and niche market services, thereby enhancing its competitive edge. This multi-dimensional approach helps mitigate risks associated with market fluctuations while delivering sustained value to its diverse clientele.

Commitment to Excellence and Industry Expertise

The company’s long history and continual adaptation to emerging industry trends exemplify a commitment to excellence that is supported by strategic investments in technology and talent. Its robust operational framework ensures that projects are executed with precision, making it a reliable partner for organizations with complex staffing and IT needs. The integration of specialized units and strategic acquisitions further underscores its approach of delivering end-to-end solutions that are tailored to modern business imperatives.

Conclusion

In summary, ASGN Inc stands out as a multifaceted service provider that combines traditional staffing models with advanced IT solutions and technology consulting. Its carefully segmented approach toward staffing and consulting enables the company to serve a diverse range of clients, from major commercial corporations to critical federal agencies. This detailed overview reflects a deep understanding of ASGN Inc’s operational structure, market positioning, and the strategic integration of acquired technologies and services, providing a comprehensive view for investors and analysts seeking unbiased insights into the company.

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ASGN partners with Children’s Hospital of Richmond at VCU to support pediatric care, showcasing commitment to philanthropy and community engagement.
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ASGN Incorporated (ASGN) schedules first quarter 2024 conference call, providing financial results and prepared remarks online.
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Apex Systems, an ASGN brand, has been recognized as one of the Best Places to Work for Women in Mexico 2024 by Great Place to Work™. The company's commitment to diversity, inclusion, and female empowerment is highlighted through this award, showcasing a culture of trust and career development for all employees.
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ECS's Adam Tischler named 2023 Certified Professional of the Year by Elastic for his expertise with the Elasticsearch platform and contributions to the Elastic community.
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ECS, a leader in advanced technology solutions, secures a $120 million contract with HHS through Iron Vine Security, an ASGN subsidiary, to provide cybersecurity services for CMS. The contract extends until 2029, reinforcing ECS's role in protecting healthcare data.
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ECS, a leader in advanced technology solutions, secures a $500M contract to provide advisory and assistance services for biomedical and health research. The five-year IDIQ contract positions ECS as a prime contractor, enhancing their presence in the healthcare sector.
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ECS, an ASGN brand, secures a $190 million contract to enhance AI capabilities for the Department of Defense, aiding in key AI research and development for DoD services and combatant commands.
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ECS, an ASGN brand, celebrates President Heneghan's third consecutive recognition as 'executive of consequence'.
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ASGN Incorporated (NYSE: ASGN) reported strong financial results for the quarter and year ended December 31, 2023, with revenues of $1.1 billion for the quarter and $4.5 billion for the full year. Adjusted EBITDA margin was 11.3 percent for the quarter and 11.6 percent for the full year. The company repurchased approximately 0.9 million shares of its common stock for $75.4 million in the quarter, and 3.4 million shares for $273.1 million for the full year. ASGN's commercial consulting revenues surpassed $1.0 billion, and the Federal Government Segment reported new contract awards of $1.0 billion. The company achieved solid results for the quarter, with revenues, gross margin, and Adjusted EBITDA margin at the top-end, or above, their guidance ranges.
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ASGN Incorporated (NYSE: ASGN) is set to release its fourth quarter and full year 2023 financial results on February 7, 2024. The company's CEO, Ted Hanson, will host the regular quarterly conference call at 4:30 p.m. ET. The prepared remarks will be posted on the company's website prior to the call. Investors can access the webcast and dial-in for the conference call and replay for further information.
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FAQ

What is the current stock price of Asgn (ASGN)?

The current stock price of Asgn (ASGN) is $62.71 as of April 1, 2025.

What is the market cap of Asgn (ASGN)?

The market cap of Asgn (ASGN) is approximately 2.8B.

What core services does ASGN Inc provide?

ASGN Inc offers professional staffing and IT solutions across technology, digital, creative, engineering, and life sciences sectors, catering to both commercial and government markets.

How is ASGN Inc structured in terms of business segments?

The company operates through multiple segments including Apex, Oxford, and ECS, each focusing on distinct service areas such as traditional staffing, specialized consulting, and advanced IT solutions.

Which industries and markets does ASGN Inc primarily serve?

ASGN Inc serves a wide array of industries including technology, engineering, digital media, and life sciences, with significant operations in both the commercial sector and federal government agencies.

How does ASGN Inc differentiate itself from competitors?

By combining traditional staffing with specialized IT consulting and niche market expertise, ASGN Inc offers flexible engagement models and advanced technology solutions that cater to complex market needs.

What role does the TopBloc acquisition play in ASGN Inc's operations?

The acquisition of TopBloc enhances ASGN Inc's consulting services by integrating specialized Workday deployment and support solutions, thereby expanding its service portfolio in key technology areas.

Does ASGN Inc serve government agencies?

Yes, ASGN Inc provides mission-critical solutions to federal government agencies, including defense, intelligence, and civilian organizations, through its dedicated segments.
Asgn Inc

NYSE:ASGN

ASGN Rankings

ASGN Stock Data

2.75B
41.97M
3.56%
103.59%
5.45%
Information Technology Services
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United States
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