NYSE$EFOR
ASGN Incorporated · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
ASGN's Q3 2024 results reflected stable market demand with revenues within guidance and Adjusted EBITDA margin at the midpoint, driven by a shift towards high-value IT consulting.
ASGN Incorporated reported third quarter 2024 financial results, with revenues of $1.031 billion and net income of $47.5 million. The company's performance was driven by stable market demand and a continued shift towards higher-end IT consulting work.
- Revenues reached $1.031 billion.
- Net income amounted to $47.5 million.
- Adjusted EBITDA was $116.9 million, representing 11.3 percent of revenues.
- Approximately 1.0 million shares were repurchased for $95.6 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's financial estimates for the fourth quarter of 2024 assume no deterioration in the markets ASGN serves and do not include any acquisition, integration, or strategic planning expenses.
Tailwinds
- Revenues are expected to be between $990.0 million and $1,010.0 million.
- Net income is projected to be between $39.2 million and $42.1 million.
- Earnings per diluted share are estimated to be between $0.88 and $0.94.
- Adjusted EBITDA is anticipated to be between $103.0 million and $107.0 million.
- Adjusted Net Income per diluted share is expected to be between $1.18 and $1.24.
Headwinds
- SG&A expenses are estimated to be between $197.8 million and $201.5 million.
- Amortization of intangible assets is projected at $13.9 million.
- Gross margin is expected to be between 28.4% and 28.6%.
- The effective tax rate is estimated at 28.0%.
- There are 2.5 fewer billable days than the third quarter of 2024.
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 Q3 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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