NYSE$EFOR

ASGN Incorporated · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

ASGN Incorporated reported financial results for the fourth quarter and full year ended December 31, 2024, with gross margin, Adjusted EBITDA, and Adjusted EBITDA margin exceeding expectations.

ASGN Incorporated reported fourth quarter 2024 revenues of $985.0 million and net income of $42.4 million. Adjusted EBITDA was $109.7 million, representing 11.1 percent of revenues. The company repurchased 0.5 million shares of common stock for $43.9 million.

  • Fourth quarter revenues were $1.0 billion.
  • Net income for the quarter was $42.4 million.
  • Adjusted EBITDA reached $109.7 million, or 11.1 percent of revenues.
  • The company repurchased 0.5 million shares of common stock for $43.9 million.

Headline financials

Total Revenue

$985M

Previous: $1.07B-8.3%
EPS (adj)

$1.28

Previous: $1.45-11.7%
Adjusted EBITDA

$110M

Previous: $121M-9.3%
Adjusted EBITDA Margin

11.1%

Previous: 11.3%-1.8%
Consolidated Gross Margin

29.0%

Previous: 28.4%+2.1%
Commercial Segment Gross Margin

32.6%

No prior period
Federal Government Gross Margin

20.5%

No prior period
Capital Expenditures

-$11.3M

Previous: $7.2M-256.9%
Net Income

$42.4M

Previous: $50.3M-15.7%
Operating Income

$74.2M

Previous: $83.4M-11.0%
Gross Profit

$286M

Previous: $287M-0.3%

Revenue & EPS history

ASGN · Revenue · Quarterly

$985M

Q4 2024-8.3%vs Q4 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

ASGN · $508M total across 1 segment · Q3 2023

  • Assignment Revenue
    $508M

Forward guidance

For the first quarter of 2025, ASGN anticipates revenues between $950.0 million and $970.0 million, with net income ranging from $27.8 million to $30.7 million. Adjusted EBITDA is projected to be between $91.0 million and $95.0 million.

Tailwinds

  • Anticipated revenues of $950.0 million to $970.0 million for Q1 2025.
  • Projected net income of $27.8 million to $30.7 million for Q1 2025.
  • Expected Adjusted EBITDA of $91.0 million to $95.0 million for Q1 2025.
  • Adjusted EBITDA margin projected between 9.6% and 9.8%.
  • Anticipated non-GAAP EPS between $0.91 and $0.97.

Headwinds

  • Estimates do not include any acquisition, integration, or strategic planning expenses.
  • The financial estimates assume no deterioration in the markets ASGN serves.
  • Billable days in Q1 2025 are 0.75 days fewer than the year-ago period.
  • The company makes no assurances that the proposed revenue, expense, and profit estimates will be achieved.
  • Forward-looking statements involve a high degree of risk and uncertainty.

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 Q4 2024

Historical avgQ4 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

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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