NYSE$EFOR
ASGN Incorporated · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported financial results for the quarter ended June 30, 2023, meeting or exceeding previously announced estimates.
ASGN Incorporated reported its Q2 2023 financial results, with revenues of $1.1 billion and a net income of $60.1 million. The results were supported by growth in commercial and federal consulting businesses, offset by softness in assignment services. Adjusted EBITDA margin was 12.0 percent.
- Revenues were $1.1 billion.
- Net income was $60.1 million.
- Adjusted EBITDA was $135.2 million (12.0 percent of revenues).
- Operating cash flows were $112.5 million and Free Cash Flow was $101.3 million.
Headline financials
Revenue & EPS history
ASGN · Revenue · Quarterly
$1.13B
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 third quarter of 2023 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 $1,100.0 million and $1,120.0 million.
- Net income between $56.4 million and $60.4 million.
- Earnings per share (Diluted) between $1.16 and $1.24.
- Adjusted EBITDA between $130.0 million and $135.5 million.
- Adjusted Net Income per diluted share between $1.51 and $1.59.
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 Q2 2023
-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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