Company: ASGN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000890564-25-000063
Chunk: 48

Company: ASGN Inc
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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47.5 $88.3 $132.8 Weighted-average number of common shares outstanding - basic43.5 44.5 43.7 45.4 Dilutive effect of common share equivalents0.2 0.5 0.2 0.5 Weighted-average number of common shares and share equivalents outstanding - diluted43.7 45.0 43.9 45.9 Basic earnings per share$0.88 $1.07 $2.02 $2.93 Diluted earnings per share$0.87 $1.06 $2.01 $2.89 

10. Segment Reporting

ASGN provides information technology ("IT") services and solutions across the commercial and government sectors. ASGN operates through two segments, Commercial and Federal Government. The Commercial Segment, which is the largest segment, provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and large mid-market companies. The Federal Government Segment provides advanced IT solutions in data and AI, cybersecurity, and enterprise transformation to the following four customer types: (i) Defense and Intelligence, (ii) National Security, (iii) Federal Civilian, and (iv) other clients. Virtually all of the Company's revenues are generated in the United States. The Company's chief executive officer ("CEO") is the chief operating decision maker and he reviews segment revenues, gross profit and operating income for each segment. He also considers forecast-to-actual variances on a monthly basis for these financial measures when making decisions about allocating resources to the segments and uses these segment financial measures in the annual budget process. Segment information is as follows (in millions):Three Months Ended September 30, 2025Nine Months Ended September 30, 2025CommercialFederal GovernmentTotalCommercialFederal GovernmentTotalRevenuesConsulting$334.9 $300.1 $635.0 $950.7 $908.7 $1,859.4 Assignment376.4 — 376.4 1,140.9 — 1,140.9 711.3 300.1 1,011.4 2,091.6 908.7 3,000.3 Costs of services475.4 239.1 714.5 1,404.6 730.1 2,134.7 Gross profit235.