ASGN Q1 revenues up 3.5% to $1.13B; EPS $0.99; IT consulting now 50.4% of revenue; board approves new $500M buyback

Everforth Inc

2023-Q1 EPS reported $0.99 revenue$1,128,800,000

Revenue $1.13B (+3.5% YoY); net income $49.5M ($0.99 diluted EPS) vs $67.6M ($1.29) in Q1 2022.
IT consulting revenues reached 50.4% of total (up from 42.4%); commercial consulting bookings record ~$392M.
Commercial segment revenues $832.1M (flat YoY); federal segment $296.7M (+15% YoY).
Adjusted EBITDA $123.5M (10.9% of revenue); operating cash flow $80.5M; free cash flow $68.8M.
Board approved new two-year $500M stock repurchase program; repurchased 563,200 shares for $48.8M in Q1.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Everforth Inc reported first quarter of 2023 results: revenue $1.1 billion, net income $49.5 million, EPS $0.99.

Period: first quarter of 2023
Revenue: $1.1 billion
Net income: $49.5 million
EPS: $0.99
Result: reported results

Exact text from the filing

ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and solutions, including technology and creative digital marketing, across the commercial and government sectors, reported financial results for the quarter ended March 31, 2023. Q1 2023 Highlights • Revenues were $1.1 billion, up 3.5 percent over the first quarter of 2022 • Net income was $49.5 million

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Source: SEC EDGAR

accession 0000890564-23-000006

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