NYSE$EFOR
ASGN Incorporated · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
ASGN surpassed expectations with revenues, adjusted EBITDA, and adjusted EPS ahead of guidance. Revenues exceeded $1.0 billion for the third consecutive quarter, marking the highest quarterly revenues achieved.
ASGN Incorporated reported strong first quarter 2021 results, with revenues, adjusted EBITDA, and adjusted EPS surpassing expectations. Revenues exceeded $1.0 billion for the third consecutive quarter, representing the highest quarterly revenues achieved by the Company. Commercial revenues were up slightly year-over-year after adjusting for one fewer Billable Day, while Government revenues improved significantly.
- Revenues were $1,025.7 million, up 3.6 percent over the first quarter of 2020.
- Net income was $48.7 million ($0.91 per diluted share), up 11.1 percent over the first quarter of 2020.
- Adjusted EBITDA was $108.6 million (10.6 percent of revenues), up from $103.5 million in the first quarter of 2020.
- Free Cash Flow was $110.5 million.
Headline financials
Revenue & EPS history
ASGN · Revenue · Quarterly
$1.03B
Revenue by segment
ASGN · $508M total across 1 segment · Q3 2023
- Assignment Revenue$508M—100.0%
Forward guidance
The Company financial estimates for the second quarter of 2021 are based on current operating trends and assume no significant deterioration in the markets ASGN serves.
Tailwinds
- Revenues between $1,058.0 million and $1,078.0 million
- Net income between $56.4 million and $60.1 million
- Earnings per diluted share between $1.05 and $1.12
- Adjusted EBITDA between $119.0 million and $124.0 million
- Adjusted Net Income per diluted share between $1.27 and $1.33
Headwinds
- SG&A expenses between $200.7 million and $203.5 million
- Amortization of intangible assets of $12.1 million
- Diluted shares outstanding of 53.9 million
- Gross margin between 28.3% and 28.5%
- Effective tax rate of 27.0%
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 2021
-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
| Quarter | Report date | Reaction (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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