Company: ASGN
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000890564-25-000063
Chunk: 65

Company: ASGN Inc
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 65
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 5.7 percent, and $1.05 billion and 6.0 percent, respectively. 

Provision for Income Taxes

The provision for income taxes was $12.4 million, down from $15.4 million in the third quarter of 2024 due to lower income before income taxes. The effective tax rate was 24.6 percent, up from 24.5 percent in the third quarter of 2024. 

Net Income

Net income was $38.1 million, down from $47.5 million in the third quarter of 2024.

14

RESULTS OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 COMPARED WITH THE NINE MONTHS ENDED SEPTEMBER 30, 2024

Revenues

Revenues for the first nine months of the year were $3.0 billion, down 3.7 percent year-over-year. The table below shows our revenues by segment for the nine months ended September 30, 2025 and 2024 (in millions).

% of Total20252024Change20252024ChangeCommercialConsulting$950.7 $843.5 12.7%31.7%27.1%4.6%Assignment1,140.9 1,332.5 (14.4%)38.0%42.8%(4.8%)2,091.6 2,176.0 (3.9%)69.7%69.9%(0.2%)Federal Government908.7 938.7 (3.2%)30.3%30.1%0.2%Consolidated$3,000.3 $3,114.7 (3.7%)100.0%100.0%        

Commercial Segment revenues (69.7 percent of total revenues) were down 3.9 percent year-over-year. Consumer and Industrial revenues were up low double digits, while the remaining four commercial industries declined year-over-year. Federal Government Segment revenues (30.3 percent of total revenues) were down 3.2 percent year-over-year. Federal Civilian and Defense and Intelligence revenues both declined, while National Security revenues were up.

Total IT consulting services revenues were $1.9 billion (62.0 percent of total revenues), up 4.3 percent year-over-year. Commercial Segment consulting revenues were $950.7 million, up 12.7 percent