Everforth, Inc. · NYSE:EFOR
Everforth — ASGN — Q3 2023 Earnings Presentation
14 slides from Everforth's earnings presentation, Oct 25, 2023
Slide 1: Q3 2023 Earnings Supplemental Materials
Q3 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 REVENUE MIX Q3 Change Q3 2023 Q3 2022 2023 2022 Results From Continuing Operations Revenues $ 1,116.8 $ 1,197.9 -6.8% Gross Profit 322.4 358.9 -10.2% 10.1% 11.5% Bus. & Govt. Income from Continuing Operations
Slide 4: Commercial Segment
Commercial Segment ($’s in millions) REVENUES BY TYPE GROSS PROFIT & MARGIN $900.0 $297.7 $852.2 $832.1 $274.1 37. 0% $811.3 $262.3 $260.8 $782.4 $254.2 $255. 0 35. 0% $205. 0 33.1% 32.2% 32.2% 32.5% 33. 0% $631.4 $588.1 31.5% $560.4 $530.2 $508.2 $155. 0 31. 0% $105. 0 29. 0% $281.1 $274.2 $55. 0 $
Slide 5: Federal Government Segment
Federal Government Segment ($’s in millions) REVENUES & GROSS PROFIT CONTRACT BACKLOG Q3 Change 9/30/2023 6/30/2023 9/30/2022 2023 2022 Funded Backlog $ 701.0 $ 595.3 $ 548.0 Revenues $ 334.4 $ 297.9 12.3% Unfunded Backlog 2,577.8 2,516.6 2,564.6 Gross Profit $ 68.2 $ 61.2 11.5% Total $ 3,278.8 $ 3,
Slide 6: Q4 2023 Financial Estimates
Q4 2023 Financial Estimates ($’s in millions, except per share data) KEY ASSUMPTIONS Low High Revenues $1,042.5 — $1,062.5 Y-Y Revenue change -9.4% — -7.6% Gross margin 28.0% — 28.3% SG&A expenses $193.0 — $197.8 Amortization of intangible assets $17.9 Net Income $46.2 — $49.1 Earnings per diluted s
Slide 7: Appendix
7 Appendix ¥ = — Dall Qassy
Slide 8: Selected Financial Data
Selected Financial Data 2021 2022 2023 ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 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 $ 530.2 $ 508.2 Consulting 117.5 1
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 Q2 Q3 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 $ 112.5 $ 147.4 Capital
Slide 10: Commercial Segment
Commercial Segment 2021 2022 2023 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 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 $ 530.2 $ 508.2 Consulting 117.5 144.4 187.6 191.7 641.2 204.7 222.2 268.6 264.1 959.6 271
Slide 11: Federal Government Segment
Federal Government Segment 2021 2022 2023 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 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 $ 319.6 $ 334.4 Gross Margin 17.5% 18.3% 19.3% 21.6% 19.2% 20.9% 21.4% 20.5% 22.1% 21.3% 21.6% 20.5% 2
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 7 Funded contract backlog for contracts with U.S. government agencies primarily represents GAAP measures to the non-GAAP measures are included in the Appendix of this presentation. contracts for which
Slide 14: ASGN Incorporated contact details
ASGN Incorporated 4400 Cox Road, Suite 110 | Richmond, VA 23060 818.871.3333 | investors.ASGN.com