Slide 1: Q1 2025 Earnings Supplemental Materials
Q1 2025 Earnings Supplemental Materials
Slide 2: Safe Harbor
Certain statements made in this news release are “forward-looking statements” within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking Safe information includes estimates of the company’s
Slide 3: Summary Consolidated Financial Data
Summary Consolidated Financial Data ($’s in millions, except per share data) Operating Data Revenue Mix Q1 Q1 2025 Q1 2024 2025 2024 Operating Results Financial Svs. Financial Svs. Revenues $ 968.3 $ 1,049.0 13% 15% TMT TMT Gross Profit 275.4 296.2 Consumer & 14% 13% Net Income 20.9 38.1 Industrial
Slide 4: Commercial Segment Key Metrics
Gross Profit & Margin $233.8 $237.3 $235.8 $226.0 $255.0 $217.7 $205.0 32.7% 32.8% Commercial Segment $155.0 32.0% 32.6% 32.4% $105.0 Key Metrics ($’s in millions) $55.0 $5.0 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Revenues by Type $731.5 $725.7 $718.8 $692.7 $672.2 Adjusted EBITDA & Margin $125.0 $454.5 $444
Slide 5: Federal Segment Key Metrics
Adjusted EBITDA & Margin $40.0 $35.0 $32.1 $33.8 $33.6 $32.2 $28.4 Federal Segment $30.0 $25.0 10.1% 10.9% 10.8% 11.0% 9.6% Key Metrics $20.0 $15.0 ($’s in millions) $10.0 $5.0 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Revenues & Gross Profit Q1 CHANGE 2025 2024 Y-Y Revenues $ 296.1 $ 317.5 -6.7% Gross Profit $
Slide 6: Q2 2025 Financial Estimates
Financial Estimates (as of February 7, 2024) LOW HIGH Key Revenues $985.0 — $1,015.0 Q2 2025 Assumptions Y-Y Revenue Change Gross Margin (4.8%) — (1.9%) 29.0% — 29.3% Financial SG&A expenses $209.8 — $214.2 Estimates Net Income Earnings per diluted share $29.3 — $34.3 $0.66 — $0.78 Non-GAAP Financia
Slide 7: Appendix
© ASGN’ Appendix
Slide 8: Selected Financial Data
Selected Financial Data 2023 2024 2025 ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Commercial Assignment $ 560.4 $ 530.2 $ 508.2 $ 480.1 $ 2,078.9 $ 454.5 $ 444.2 $ 433.8 $ 408.0 $ 1,740.5 $ 382.1 Consulting 271.7 281.1 274.2 268.5 1,095.5 277.0 281.5 285.0 284.7 1,128
Slide 9: Reconciliations of GAAP to Non-GAAP Measures
Reconciliations of GAAP to Non-GAAP Measures 2023 2024 2025 ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Free Cash Flow Cash provided by operating activities $ 80.5 $ 112.5 $ 147.5 $ 116.4 $ 456.9 $ 73.3 $ 90.7 $ 135.8 $ 100.2 $ 400.0 $ 16.8 Capital expenditures (11.7)
Slide 10: Commercial Segment
Commercial Segment 2023 2024 2025 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Revenues by Type: Assignment $ 560.4 $ 530.2 $ 508.2 $ 480.1 $ 2,078.9 $ 454.5 $ 444.2 $ 433.8 $ 408.0 $ 1,740.5 $ 382.1 Consulting 271.7 281.1 274.2 268.5 1,095.5 277.0 281.5 285.0 284.7 1,128.2 290.1 832.1 811.3 782
Slide 11: Federal Government Segment
Federal Government Segment 2023 2024 2025 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Revenues $ 296.7 $ 319.6 $ 334.4 $ 325.5 $ 1,276.2 $ 317.5 $ 309.0 $ 312.2 $ 292.3 $ 1,231.0 $ 296.1 Gross Margin 21.6% 20.5% 20.4% 19.9% 20.6% 19.7% 20.6% 20.7% 20.5% 20.4% 19.5% Adjusted EBITDA $ 33.3 $ 35.9
Slide 12: Billable Days
Billable Q1 Q2 Q3 Q4 FY Days 2025 62.00 63.25 63.50 61.00 249.75 2024 62.75 63.50 63.50 61.00 250.75 2025 vs 2024 (0.75) (0.25) - - (1.00) Sequential (2025) 1.00 1.25 0.25 (2.50) (1.00) Sequential (2024) 2.75 0.75 - (2.50) 2.00 12
Slide 13: Notes
6. Contract backlog represents the estimated amount of future revenues to be recognized under negotiated contracts and task orders as work is performed. Contract backlog excludes awards which have been protested by competitors until the protest is resolved in our favor. Contract backlog is segregate