Company: ASGN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000890564-25-000028
Chunk: 9

Company: ASGN Inc
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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Unaudited)

(in millions, except per share data)

Three Months EndedMarch 31,20252024Revenues$968.3 $1,049.0 Costs of services692.9 752.8 Gross profit275.4 296.2 Selling, general, and administrative expenses214.5 210.2 Amortization of intangible assets14.3 15.1 Operating income46.6 70.9 Interest expense, net(15.4)(17.6)Income before income taxes31.2 53.3 Provision for income taxes10.3 15.2 Net income$20.9 $38.1 Earnings per share:Basic $0.48 $0.82 Diluted$0.48 $0.81 Shares and share equivalents used to calculate earnings per share:Basic43.7 46.5 Diluted44.0 46.9 Reconciliation of net income to comprehensive income:Net income$20.9 $38.1 Foreign currency translation adjustment0.8 (0.2)Comprehensive income$21.7 $37.9     

 See notes to condensed consolidated financial statements.

4

ASGN INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited)

(in millions)

Common StockPaid-in CapitalRetained EarningsOtherTotalSharesPar ValueThree Months Ended March 31, 2025Balance at December 31, 202443.8 $0.4 $684.2 $1,097.1 $(5.0)$1,776.7 Stock-based compensation expense— — 13.8 — — 13.8 Issuances under equity plans0.2 — 8.7 — — 8.7 Tax withholding on restricted stock vesting— — (5.8)— — (5.8)Stock repurchase and retirement of shares(0.6)— (10.6)(39.9)— (50.5)Acquisition of TopBloc0.5 — 28.7 — — 28.7 Other— — — — 0.8 0.8 Net income—