Slide 1: Q1 2023 Earnings Supplemental Materials
Q1 2023 Earnings Supplemental Materials
Slide 2: Safe Harbor
Safe Harbor Certain information in this presentation is “forward-looking” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and involves a high degree of risk and uncertainty. Forward-looking information includes estimates of the company’s future financial and ope
Slide 3: Summary Consolidated Financial Data
Summary Consolidated Financial Data ($’s in millions, except per share data) OPERATING DATA BALANCE SHEET & OTHER Q1 Change 2023 2022 3/31/23 12/31/22 Results From Continuing Operations Cash & Cash Equivalents $ 65.0 $ 70.3 Senior Secured Leverage Ratio Revenues $ 1,128.8 $ 1,091.0 3.5% Gross Profit
Slide 4: Commercial Segment
Commercial Segment ($’s in millions) REVENUES BY TYPE GROSS PROFIT & MARGIN $900.0 $297.7 $850.6 $852.2 $281.7 $274.1 $832.9 $832.1 $272.6 37. 0% $262.3 $255. 0 35. 0% 33.1% 33.1% $205. 0 32.7% 32.2% 33. 0% $631.4 $588.1 31.5% $628.4 $560.4 $628.2 $155. 0 31. 0% $105. 0 29. 0% $55. 0 27. 0% $222.2 $
Slide 5: Federal Government Segment
Federal Government Segment ($’s in millions) REVENUES & GROSS PROFIT CONTRACT BACKLOG Q1 3/31/23 12/31/22 3/31/22 Change 2023 2022 Funded Backlog $ 559.8 $ 582.3 $ 488.4 Revenues $ 296.7 $ 258.1 15.0% Unfunded Backlog 2,482.2 2,681.2 2,382.9 Gross Profit Total $ 3,042.0 $ 3,263.5 $ 2,871.3 $ 64.0 $
Slide 6: Q2 2023 Financial Estimates
Q2 2023 Financial Estimates ($’s in millions, except per share data) Low High Revenues $ 1,110.0 $ 1,145.0 Y-Y Revenue change -2.8% 0.3% SG&A expenses 208.2 213.8 Amortization of intangible assets 17.9 17.9 Net Income $ 52.8 $ 60.0 Earnings per diluted share $ 1.06 $ 1.21 Diluted shares outstanding
Slide 7: Appendix
7 Appendix ¥ = — Dall Qassy
Slide 8: Selected Financial Data
Selected Financial Data 2021 2022 2023 ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Revenues - by Segment and Type: Commercial Assignment $ 531.7 $ 568.1 $ 587.3 $ 598.8 $ 2,285.9 $ 628.2 $ 628.4 $ 631.4 $ 588.1 $ 2,476.1 $ 560.4 Consulting 117.5 144.4 187.6 191.7 641.2
Slide 9: Reconciliations of GAAP to Non-GAAP Measures
Reconciliations of GAAP to Non-GAAP Measures 2021 2022 2023 ($ 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 $ 119.8 $ 84.9 $ 71.2 $ (82.2) $ 193.7 $ 56.0 $ 88.4 $ 88.1 $ 75.3 $ 307.8 $ 80.5 Capital expenditures (9.3) (8.
Slide 10: Commercial Segment
Commercial Segment 2021 2022 2023 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Revenues by Type: Assignment $ 531.7 $ 568.1 $ 587.3 $ 598.8 $ 2,285.9 $ 628.2 $ 628.4 $ 631.4 $ 588.1 $ 2,476.1 $ 560.4 Consulting 117.5 144.4 187.6 191.7 641.2 204.7 222.2 268.6 264.1 959.6 271.7 649.2 712.5 774.9 7
Slide 11: Federal Government Segment
Federal Government Segment 2021 2022 2023 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Revenues $ 257.8 $ 262.4 $ 298.9 $ 263.3 $ 1,082.4 $ 258.1 $ 291.2 $ 297.9 $ 298.2 $ 1,145.4 $ 296.7 Gross Margin 17.5% 18.3% 19.3% 21.6% 19.2% 20.9% 21.4% 20.5% 22.1% 21.3% 21.6% Operating Income $ 14.8 $ 18.
Slide 12: Billable Days
Billable Days Q1 Q2 Q3 Q4 FY 2023 63.00 63.25 62.50 60.00 248.75 2022 63.00 63.50 64.00 60.00 250.50 2021 62.00 63.50 64.00 61.00 250.50 2023 vs 2022 - (0.25) (1.50) - (1.75) 2022 vs 2021 1.00 - - (1.00) - Sequential (2023) 3.00 0.25 (0.75) (2.50) (1.75) Sequential (2022) 2.00 0.50 0.50 (4.00) - Seq
Slide 13: Notes
Notes 1 This presentation includes non-GAAP financial measures. Reconciliations from the comparable 6 Contract backlog represents the estimated amount of future revenues to be recognized under GAAP measures to the non-GAAP measures are included in the Appendix of this presentation. negotiated contra
Slide 14: ASGN Incorporated contact information
ASGN Incorporated 4400 Cox Road, Suite 110 | Richmond, VA 23060 888.482.8068 | investors.ASGN.com