Slide 1: Q4 2023 Earnings Supplemental Materials
Q4 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 Q4 Full Year Q4 2023 Q4 2022 2023 2022 2023 2022 Results From Continuing Operations Revenues $ 1,074.1 $ 1,150.4 $ 4,450.6 $ 4,581.1 9.9% 11.0% Gross Profit 304.9 340.1 1,280.0 1,369.6 Bus. & Govt
Slide 4: Commercial Segment
Commercial Segment ($’s in millions) REVENUES BY TYPE GROSS PROFIT & MARGIN $274.1 37. 0% $852.2 $832.1 $262.3 $260.8 $811.3 $254.2 $782.4 $255. 0 $240.1 $748.6 35. 0% $205. 0 32.2% 32.2% 32.5% 32.1% 33. 0% $588.1 $560.4 $530.2 31.5% $508.2 $480.1 $155. 0 31. 0% $105. 0 29. 0% $281.1 $55. 0 $264.1 $
Slide 5: Federal Government Segment
Federal Government Segment ($’s in millions) REVENUES & GROSS PROFIT CONTRACT BACKLOG Q4 Change 12/31/2023 9/30/2023 12/31/2022 2023 2022 Funded Backlog $ 543.5 $ 701.0 $ 582.3 Revenues $ 325.5 $ 298.2 9.2% Unfunded Backlog 2,466.0 2,577.8 2,681.2 Gross Profit $ 64.8 $ 66.0 -1.8% Total $ 3,009.5 $ 3
Slide 6: Q1 2024 Financial Estimates
Q1 2024 Financial Estimates ($’s in millions, except per share data) KEY ASSUMPTIONS Low High Revenues $1,032.0 — $1,052.0 Y-Y Revenue change (8.6%) — (6.8%) Gross margin 28.0% — 28.3% SG&A expenses $205.1 — $208.4 Net Income $37.7 — $41.3 Earnings per diluted share $0.80 — $0.87 Non-GAAP Financial
Slide 7: Appendix
7 Appendix ¥ = — Dall Qassy
Slide 8: Selected Financial Data
Selected Financial Data 2021 2022 2023 ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 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 $ 480.1 $ 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 Q2 Q3 Q4 FY 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 $ 147.5 $
Slide 10: Commercial Segment
Commercial Segment 2021 2022 2023 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY 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 $ 480.1 $ 2,078.9 Consulting 117.5 144.4 187.6 191.7 641.2 204.7 222
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 Q4 FY 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 $ 325.5 $ 1,276.2 Gross Margin 17.5% 18.3% 19.3% 21.6% 19.2% 20.9% 21.4% 20.5% 2
Slide 12: Billable Days
Billable Days Q1 Q2 Q3 Q4 FY 2024 62.75 63.50 63.50 61.00 250.75 2023 63.00 63.25 62.50 60.00 248.75 2022 63.00 63.50 64.00 60.00 250.50 2024 vs 2023 (0.25) 0.25 1.00 1.00 2.00 2023 vs 2022 - (0.25) (1.50) - (1.75) Sequential (2024) 2.75 0.75 - (2.50) 2.00 Sequential (2023) 3.00 0.25 (0.75) (2.50) (
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