ASGN reports Q3 2023 revenue $1.12B in line with guidance; adj EBITDA margin beats at 12.3%

Everforth Inc

2023-Q3 EPS reported $3.43 revenue$3,376,500,000

Revenue $1.12B, net income $59.4M ($1.23 diluted EPS); adjusted EBITDA $137.5M (12.3% of revenue, above guidance).
Commercial segment revenue $782.4M (down 13% YoY); Federal segment $334.4M (up 12% YoY).
Repurchased 1.1M shares for $91.3M; extended credit facility to $500M through 2028, senior debt to 2030.
TTM new bookings $1.3B (commercial) with 1.2x book-to-bill; Federal TTM contract awards $1.1B, 0.9x book-to-bill.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Everforth Inc reported third quarter of 2023 results: revenue $1.12 billion, net income $59.4 million, EPS $1.23.

Period: third quarter of 2023
Revenue: $1.12 billion
Net income: $59.4 million
EPS: $1.23
Result: reported results

Exact text from the filing

ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and solutions to the commercial and government sectors, reported financial results for the quarter ended September 30, 2023. Q3 2023 Highlights • Revenues were $1.12 billion • Net income was $59.4 million • Adjusted EBITDA (a non-GAAP measure) was $137.5 million (12.3 percent of revenues) • Operating cash flows were $147.5 million and Free Cash Flow (a non-GAAP measure) was $137.7 million • Repurchased 1.1 million shares of the Company's common stock for $91.3 million • Increased the capacity of the Senior Secured Revolving Credit Facility to $500.0 million and extended its maturity date to 2028; also extended maturity date of the Senior Secured Debt to 2030 IT Consulting Revenues - Approximately 55 percent of total revenues • Commercial Segment - New bookings for the trailing-twelve-month period ("TTM") were $1.3 billion and book-to-bill ratio was 1.2 to 1 • Federal Government Segment - New contract awards for the TTM w

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Source: SEC EDGAR

accession 0000890564-23-000019

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