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ASGN Incorporated (ASGN)
NYSE:ASGN
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.98Last Year’s EPS
0.92Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call conveyed a predominantly positive operational and strategic narrative: top‑end revenue, strong consulting growth (19.2% y/y), record commercial bookings, higher-than-expected adjusted EBITDA margin (11%), and robust free cash flow and buybacks. Management also announced a strategic acquisition (Quinox) to accelerate digital engineering and offshore delivery, and emphasized AI, platform partnerships, and a unifying rebrand (Everforth). Offsetting items include a meaningful 12% decline in assignment revenues, modest declines and margin pressure in the federal business (−3.7% revenue, −60 bps gross margin), higher-than-anticipated tax and SG&A items, and an expected temporary increase in leverage to ~2.9x post-acquisition. Overall, the positive growth in higher‑margin consulting, strong cash generation, record bookings, and disciplined capital allocation outweigh the near‑term headwinds and timing issues in staffing and government awards.Company Guidance
Revenue at Top End of Guidance
Q4 revenues of $980.1 million were at the top end of guidance and relatively consistent with the prior year period, demonstrating stable top-line execution.
Shift Toward Higher‑Margin IT Consulting
IT consulting comprised 63% of Q4 revenue versus 59% a year ago, reflecting successful transition to higher-value technology and digital engineering solutions.
Strong Commercial Consulting Growth and Bookings
Commercial consulting revenue was $339.4 million, up 19.2% year-over-year; commercial consulting bookings were a record $444.4 million in the quarter with a commercial book-to-bill of 1.3x (TTM 1.2x).
Adjusted EBITDA Margin Above Expectations
Q4 adjusted EBITDA was $107.9 million and adjusted EBITDA margin was 11%, exceeding prior guidance and driven by a greater mix of commercial revenue.
Very Strong Free Cash Flow and Cash Deployment
Q4 free cash flow was $93.7 million (conversion ~87% of adjusted EBITDA), full-year free cash flow was $288.1 million (68.2% of adjusted EBITDA). The company repurchased $64.2 million of shares in the quarter and $170.1 million for the year, with ~$972 million remaining on a $1 billion authorization.
Strategic Quinox Acquisition to Expand Digital Engineering and Offshore Delivery
Signed definitive agreement to acquire Quinox for $290 million in cash; Quinox had ~ $100 million revenue in 2025 and is expected to grow low-to-mid teens in 2026, with adjusted EBITDA margin in the low-20% range and gross margins in the low‑40% area—adds offshore delivery centers in India and broadened solution capabilities.
Robust Federal Backlog and AI/GTM Momentum
Federal contract backlog ~ $3.0 billion (coverage ratio 2.5x TTM revenue). Company launched an 'AI Factory' and highlighted partnerships with Elastic, ServiceNow, Workday, Snowflake and others to capture AI- and platform-driven demand.
Capital Structure and Liquidity
At quarter end, cash and cash equivalents were $161.2 million and ~$455 million was available on the $500 million revolver, providing liquidity to fund Quinox and other initiatives.
ASGN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ASGN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $53.28 | $53.07 | -0.39% |
Oct 22, 2025 | $48.33 | $44.50 | -7.92% |
Jul 23, 2025 | $50.02 | $55.65 | +11.26% |
Apr 23, 2025 | $58.55 | $51.76 | -11.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ASGN Incorporated (ASGN) report earnings?
ASGN Incorporated (ASGN) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is ASGN Incorporated (ASGN) earnings time?
ASGN Incorporated (ASGN) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASGN EPS forecast?
ASGN EPS forecast for the fiscal quarter 2026 (Q1) is 0.98.