NYSE$EFOR

ASGN Incorporated · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

ASGN reported a solid first quarter with revenue and Adjusted EBITDA within guidance ranges.

ASGN Incorporated reported first quarter 2020 results. Revenues were $990.5 million, up 7.2 percent year-over-year. Net income was $43.8 million ($0.82 per diluted share). Adjusted EBITDA was $103.5 million (10.5 percent of revenues).

  • Revenues were $990.5 million, up 7.2 percent year-over-year.
  • Net income was $43.8 million ($0.82 per diluted share), up from $34.9 million ($0.66 per diluted share) in the first quarter of 2019.
  • Adjusted Net Income (a non-GAAP measure) was $57.7 million ($1.08 per diluted share), up from $49.4 million ($0.93 per diluted share) in the first quarter of 2019.
  • Free cash flow was $48.8 million, or 4.9 percent of revenues.

Headline financials

Total Revenue

$991M

Previous: $924M+7.2%
EPS (adj)

$1.08

Previous: $0.93+16.1%
Commercial Segment Book-to-Bill

1.4

No prior period
Capital Expenditures

$15.3M

Previous: $7.5M+104.0%
Free Cash Flow

$48.8M

Previous: $36.5M+33.7%
Net Income

$43.8M

Previous: $34.9M+25.5%
Operating Income

$70.9M

Previous: $62.7M+13.1%
Gross Profit

$281M

Previous: $264M+6.4%
Cash & Equivalents

$64M

Previous: $35.6M+79.8%
Total Assets

$3.02B

Previous: $2.81B+7.2%
Stock-Based Comp

$8.7M

Previous: $9.5M-8.4%

Revenue & EPS history

ASGN · Revenue · Quarterly

$991M

Q1 2020+7.2%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

ASGN · $744M total across 1 segment · Q1 2020

  • Assignment Revenue
    $744M

Forward guidance

Due to the significant uncertainty caused by the COVID-19 pandemic, ASGN will not provide financial guidance for the second quarter of 2020 and plans to resume providing forward guidance once the effect of this pandemic on its business becomes more predictable.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-1.3%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-1.9%

Avg return

30 days after

47%

31 / 66 earnings

Positive

+11.3%

Q2 2025

Best reaction

-52.2%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-52.2%-45.3%-51.9%
Q4 2025-0.4%-7.4%-19.5%
Q3 2025-7.9%-6.1%-11.0%
Q2 2025+11.3%+7.0%+8.2%
Q1 2025-11.6%-13.1%-8.5%
Q4 2024-5.9%-9.6%-18.9%
Q3 2024+1.3%+1.4%-3.7%
Q2 2024+3.3%+3.3%+5.5%
Q1 2024-2.0%-2.1%-5.4%
Q4 2023+1.0%+2.7%+9.1%
Q3 2023+5.5%+4.7%+17.0%
Q2 2023-3.2%-6.1%-0.6%
Q1 2023-5.2%-2.9%-10.0%
Q4 2022-7.5%-3.8%-13.4%
Q3 2022-11.2%-11.1%-5.6%
Q2 2022+7.0%+9.7%+4.4%
Q1 2022+3.0%-0.4%-15.8%
Q4 2021-3.4%-5.5%-8.8%
Q3 2021+0.9%+4.1%+4.5%
Q2 2021+4.2%+3.6%+16.6%
Q1 2021-2.5%-2.6%-4.0%
Q4 2020+0.2%+0.0%+7.1%
Q3 2020-2.6%+0.3%+16.4%
Q2 2020+5.9%+3.2%+9.6%
Q1 2020+10.5%+9.0%+28.3%
Q4 2019-5.1%-7.6%-39.9%
Q3 2019+3.8%+6.6%+6.5%
Q2 2019+0.9%+2.2%-2.3%
Q1 2019-7.4%-6.2%-20.5%
Q4 2018-0.6%+1.8%-0.9%
Q3 2018+4.8%+3.5%+6.9%
Q2 2018+10.1%+5.5%+8.4%
Q1 2018+0.7%-1.6%-4.5%
Q4 2017+3.6%-3.1%+2.4%
Q3 2017+5.6%+4.6%+11.7%
Q2 2017-8.6%-7.6%-14.7%
Q1 2017+9.1%+4.4%+6.7%
Q4 2016+3.2%+5.9%+4.7%
Q3 2016-8.8%-6.3%+16.7%
Q2 2016-9.4%-9.2%-6.0%
Q1 2016+0.2%
Q4 2015+7.1%
Q3 2015+9.8%
Q2 2015+2.9%
Q1 2015-13.2%
Q4 2014+2.1%
Q3 2014-4.7%
Q2 2014-23.2%
Q1 2014-2.2%
Q4 2013+5.0%
Q3 2013-5.3%
Q2 2013+10.5%
Q1 2013+6.9%
Q4 2012-11.6%
Q3 2012-2.5%
Q2 2012+7.5%
Q1 2011-0.8%
Q1 2012+3.5%
Q4 2011-1.2%
Q4 2009-1.2%
Q3 2010-2.5%
Q3 2011-2.5%
Q2 2011-3.4%
Q2 2010-3.4%
Q4 2010-3.4%
Q1 2010-2.2%

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