ASGN Q4 revenue $985M, net income $42.4M; acquires TopBloc for $340M; leadership succession

Everforth Inc

Q4 revenues $985M vs $1.074B YoY; net income $42.4M ($0.95 diluted EPS) vs $50.3M ($1.06).
Adjusted EBITDA Q4 $109.7M (11.1% rev); full-year $452M (11.0%); free cash flow Q4 $88.9M.
Commercial segment rev $692.7M (down 7.5% YoY); Federal segment rev $292.3M (down 10.2%).
President Rand Blazer to become Exec Vice Chairman; Shiv Iyer named President eff. March 1.
Definitive agreement to acquire TopBloc (Workday consultancy) for $340M cash/equity.

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