ASGN reports Q4 adjusted EPS $1.45, consensus $1.37

Reports Q4 revenue $1.1B, consensus $1.05B. “ASGN achieved solid results for the fourth quarter, with revenues, gross margin, and Adjusted EBITDA margin at the top-end, or above, our guidance ranges,” said ASGN Chief Executive Officer, Ted Hanson. “This success in the final quarter of the year resulted in revenues of approximately $4.5 billion for 2023, of which $2.4 billion was in commercial and government IT consulting work. A highlight of our annual performance, commercial consulting revenues officially surpassed $1.0 billion. From a profitability perspective, Adjusted EBITDA margins remained solid and totaled 11.6 percent for 2023.”