Slide 1: Q3 2024 Earnings Supplemental Materials
Q3 2024 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 Q3 Q3 2024 Q3 2023 2024 2023 Operating Results Financial Svs. Financial Svs. Revenues $ 1,031.0 $ 1,116.8 15% 16% TMT TMT Gross Profit 300.4 322.4 Net Income 47.5 59.4 Consumer & 14% 12% Consumer
Slide 4: Commercial Segment Key Metrics
Gross Profit & Margin $254.2 $240.1 $237.3 $255.0 $233.8 $235.8 $205.0 32.7% 32.8% Commercial Segment $155.0 32.5% 32.1% 32.0% $105.0 Key Metrics ($’s in millions) $55.0 $5.0 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Revenues by $782.4 $748.6 $731.5 $725.7 $718.8 Type Adjusted EBITDA & Margin $508.2 $480.1 $125
Slide 5: Federal Segment Key Metrics
Adjusted EBITDA & Margin $40.0 $37.8 $34.9 $33.8 $33.6 $35.0 $32.1 Federal Segment $30.0 $25.0 11.3% 10.7% 10.1% 10.9% 10.8% Key Metrics $20.0 $15.0 ($’s in millions) $10.0 $5.0 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Revenues & Gross Profit Q3 CHANGE 2024 2023 Y-Y Revenues $ 312.2 $ 334.4 -6.6% Gross Profit
Slide 6: Q4 2024 Financial Estimates
Financial Estimates (as of February 7, 2024) LOW HIGH Key Revenues $990.0 — $1,010.0 Q4 2024 Assumptions Y-Y Revenue Change Gross Margin (7.8%) — (6.0%) 28.4% — 28.6% Financial SG&A expenses $197.8 — $201.5 Estimates Net Income Earnings per diluted share $39.2 — $42.1 $0.88 — $0.94 Non-GAAP Financia
Slide 7: Appendix
© ASGN’ Appendix
Slide 8: Selected Financial Data
Selected Financial Data 2022 2023 2024 ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Commercial Assignment $ 628.2 $ 628.4 $ 631.4 $ 588.1 $ 2,476.1 $ 560.4 $ 530.2 $ 508.2 $ 480.1 $ 2,078.9 $ 454.5 $ 444.2 $ 433.8 Consulting 204.7 222.2 268.6 264.1 959.6 271.7 281
Slide 9: Reconciliations of GAAP to Non-GAAP Measures
Reconciliations of GAAP to Non-GAAP Measures 2022 2023 2024 ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Free Cash Flow Cash provided by operating activities $ 56.0 $ 88.4 $ 88.1 $ 75.3 $ 307.8 $ 80.5 $ 112.5 $ 147.5 $ 116.4 $ 456.9 $ 73.3 $ 90.7 $ 135.8 Capital e
Slide 10: Commercial Segment
Commercial Segment 2022 2023 2024 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Revenues by Type: Assignment $ 628.2 $ 628.4 $ 631.4 $ 588.1 $ 2,476.1 $ 560.4 $ 530.2 $ 508.2 $ 480.1 $ 2,078.9 $ 454.5 $ 444.2 $ 433.8 Consulting 204.7 222.2 268.6 264.1 959.6 271.7 281.1 274.2 268.5 1,095.5 2
Slide 11: Federal Government Segment
Federal Government Segment 2022 2023 2024 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Revenues $ 258.1 $ 291.2 $ 297.9 $ 298.2 $ 1,145.4 $ 296.7 $ 319.6 $ 334.4 $ 325.5 $ 1,276.2 $ 317.5 $ 309.0 $ 312.2 Gross Margin 20.9% 21.4% 20.5% 22.1% 21.3% 21.6% 20.5% 20.4% 19.9% 20.6% 19.7% 20.6% 2
Slide 12: Billable Days
Billable Q1 Q2 Q3 Q4 FY Days 2024 62.75 63.50 63.50 61.00 250.75 2023 63.00 63.25 62.50 60.00 248.75 2024 vs 2023 (0.25) 0.25 1.00 1.00 2.00 Sequential (2024) 2.75 0.75 - (2.50) 2.00 Sequential (2023) 3.00 0.25 (0.75) (2.50) (1.75) 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 Notes 7. backlog is