NYSE$EFOR
ASGN Incorporated · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
ASGN achieved solid results with revenues and Adjusted EBITDA near the top-end of guidance ranges and approved a new $750 million stock repurchase program.
ASGN reported revenues of $1.05 billion and a net income of $38.1 million for the first quarter of 2024. The company's IT consulting revenues continued to grow, representing 56.7% of consolidated revenues.
- Revenues reached $1.05 billion.
- Net income was $38.1 million.
- Adjusted EBITDA was $108.3 million, representing 10.3% of revenues.
- The company refinanced its term loan B, reducing the interest rate by 50 basis points.
Headline financials
Revenue & EPS history
ASGN · Revenue · Quarterly
$1.05B
Revenue by segment
ASGN · $508M total across 1 segment · Q3 2023
- Assignment Revenue$508M—100.0%
Forward guidance
The company's financial estimates for the second quarter of 2024 are based on current operating trends and assume no significant deterioration in the markets ASGN serves. These estimates do not include any acquisition, integration or strategic planning expenses.
Tailwinds
- Revenues between $1,034.5 million and $1,054.5 million
- Net income between $44.7 million and $48.3 million
- Earnings per diluted share between $0.97 and $1.04
- Gross margin between 28.9% and 29.2%
- Adjusted EBITDA between $114.0 million and $119.0 million
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 2024
-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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