Everforth, Inc. · NYSE:EFOR
Everforth — ASGN — Q3 2022 Earnings Presentation
15 slides from Everforth's earnings presentation, Oct 26, 2022
Slide 1: Q3 2022 Earnings Supplemental Materials
Q3 2022 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 Q3 Change 2022 2021 9/30/22 12/31/21 Results From Continuing Operations Cash & Cash Equivalents $ 211.2 $ 529.6 Senior Secured Leverage Ratio Revenues $ 1,197.9 $ 1,073.8 11.6% 358.9 308
Slide 4: Commercial Segment
Commercial Segment ($’s in millions) REVENUES BY TYPE GROSS PROFIT & MARGIN $900.0 $297.7 $281.7 $272.6 $281.7 $832.9 $850.6 $272.6 37. 0% 37. 0% $256.8 $774.9 $790.5 $256.8 $251.1 $255. 0 $251.1 $228.3 $255. 0 35. 0% 35. 0% $222.2 $268.6 $204.7 33.1% 33.1% $187.6 $191.7 $205. 0 32.7% 33.1% 32.7% 32
Slide 5: Federal Government Segment
Federal Government Segment ($’s in millions) REVENUES & GROSS PROFIT CONTRACT BACKLOG Q3 9/30/22 6/30/22 9/30/21 Change 2022 2021 Funded Backlog $ 548.0 $ 455.5 $ 558.3 Revenues Unfunded Backlog 2,564.6 2,395.2 2,575.1 $ 297.9 $ 298.9 -0.3% Gross Profit Total $ 3,112.6 $ 2,850.7 $ 3,133.4 $ 61.2 $ 5
Slide 6: Q4 2022 Financial Estimates
Q4 2022 Financial Estimates ($’s in millions, except per share data) Low High Revenues $ 1,123.0 $ 1,143.0 Y-Y Revenue Growth 6.6% 8.5% SG&A expenses 225.7 229.0 Amortization of intangible assets 19.5 19.5 Income from continuing operations $ 54.2 $ 57.8 Earnings per diluted share $ 1.07 $ 1.14 Dilut
Slide 7: Appendix
7 Appendix ¥ = — Dall Qassy
Slide 8: Selected Financial Data
Selected Financial Data 2020 2021 2022 ($ 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 $ 563.1 $ 506.9 $ 519.2 $ 527.8 $ 2,117.0 $ 531.7 $ 568.1 $ 587.3 $ 598.8 $ 2,285.9 $ 628.2 $ 628.4 $ 631.4 Consulting 89.6 85
Slide 9: Reconciliations of GAAP to Non-GAAP Measures
Reconciliations of GAAP to Non-GAAP Measures 2020 2021 2022 ($ 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 $ 64.1 $ 186.1 $ 87.6 $ 87.0 $ 424.8 $ 119.8 $ 84.9 $ 71.2 $ (82.2) $ 193.7 $ 56.0 $ 88.4 $ 88.1 Capital e
Slide 10: Commercial Segment
Commercial Segment 2020 2021 2022 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Revenues by Type: Assignment $ 563.1 $ 506.9 $ 519.2 $ 527.8 $ 2,117.0 $ 531.7 $ 568.1 $ 587.3 $ 598.8 $ 2,285.9 $ 628.2 $ 628.4 $ 631.4 Consulting 89.6 85.3 96.6 109.4 380.9 117.5 144.4 187.6 191.7 641.2 204.7
Slide 11: Federal Government Segment
Federal Government Segment 2020 2021 2022 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Revenues $ 212.7 $ 239.7 $ 288.6 $ 263.2 $ 1,004.2 $ 257.8 $ 262.4 $ 298.9 $ 263.3 $ 1,082.4 $ 258.1 $ 291.2 $ 297.9 Gross Margin 17.4% 18.3% 15.9% 16.0% 16.8% 17.5% 18.3% 19.3% 21.6% 19.2% 20.9% 21.4% 2
Slide 12: Reconciliations of Estimated GAAP to Non-GAAP Measures
Reconciliations of Estimated GAAP to Non-GAAP Measures 2022 Financial Estimates Q4 Full Year Q4 Full Year ($ in millions) Low High Low High ($ in millions, except per share amounts) Low High Low High Reconciliation of Net Income to Adjusted EBITDA Reconciliation of Net Income to Adjusted Net Income
Slide 13: 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 14: 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 15: ASGN Incorporated contact details
ASGN Incorporated 4400 Cox Road, Suite 110 | Richmond, VA 23060 888.482.8068 | investors.ASGN.com