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Share Name | Share Symbol | Market | Type |
---|---|---|---|
ASGN Inc | NYSE:ASGN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.99 | -2.04% | 95.66 | 104 | 14:17:10 |
x
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
o
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
Delaware
|
95-4023433
|
||||
(State of Incorporation)
|
(I.R.S. Employer Identification No.)
|
||||
|
|
||||
26745 Malibu Hills Road, Calabasas, CA
|
91301
|
||||
(Address of principal executive offices)
|
(Zip Code)
|
Title of each class
|
|
Trading Symbol
|
|
Name of exchange on which registered
|
Common Stock
|
|
ASGN
|
|
NYSE
|
Large accelerated filer
x
|
Accelerated filer
o
|
Non-accelerated filer
o
|
Smaller reporting company
o
|
|
Emerging growth company
o
|
ASGN INCORPORATED AND SUBSIDIARIES
INDEX
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
March 31,
2019 |
|
December 31,
2018 |
||||
ASSETS
|
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
35.6
|
|
|
$
|
41.8
|
|
Accounts receivable, net
|
618.7
|
|
|
613.8
|
|
||
Prepaid expenses and income taxes
|
16.9
|
|
|
11.4
|
|
||
Workers' compensation receivable
|
15.2
|
|
|
15.0
|
|
||
Other current assets
|
5.0
|
|
|
4.3
|
|
||
Total current assets
|
691.4
|
|
|
686.3
|
|
||
Property and equipment, net
|
77.0
|
|
|
79.1
|
|
||
Operating lease right of use assets
|
91.4
|
|
|
—
|
|
||
Identifiable intangible assets, net
|
493.4
|
|
|
488.7
|
|
||
Goodwill
|
1,445.5
|
|
|
1,421.1
|
|
||
Other non-current assets
|
15.9
|
|
|
12.6
|
|
||
Total assets
|
$
|
2,814.6
|
|
|
$
|
2,687.8
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
||||
Current liabilities:
|
|
|
|
||||
Accounts payable
|
$
|
27.8
|
|
|
$
|
43.1
|
|
Accrued payroll and contract professional pay
|
188.2
|
|
|
194.8
|
|
||
Workers’ compensation loss reserves
|
17.3
|
|
|
17.4
|
|
||
Operating lease liabilities
|
26.3
|
|
|
—
|
|
||
Income taxes payable
|
15.7
|
|
|
3.4
|
|
||
Other current liabilities
|
38.4
|
|
|
49.5
|
|
||
Total current liabilities
|
313.7
|
|
|
308.2
|
|
||
Long-term debt
|
1,107.7
|
|
|
1,100.4
|
|
||
Operating lease liabilities
|
70.6
|
|
|
—
|
|
||
Deferred income tax liabilities
|
79.7
|
|
|
79.8
|
|
||
Other long-term liabilities
|
15.6
|
|
|
17.3
|
|
||
Total liabilities
|
1,587.3
|
|
|
1,505.7
|
|
||
Commitments and contingencies (Note 7)
|
|
|
|
||||
Stockholders’ equity:
|
|
|
|
||||
Preferred stock, $0.01 par value; 1 million shares authorized; no shares issued
|
—
|
|
|
—
|
|
||
Common stock, $0.01 par value; 75 million shares authorized; 52.8 million
and 52.5 million shares issued, respectively
|
0.5
|
|
|
0.5
|
|
||
Paid-in capital
|
613.2
|
|
|
601.8
|
|
||
Retained earnings
|
621.0
|
|
|
586.1
|
|
||
Accumulated other comprehensive loss
|
(7.4
|
)
|
|
(6.3
|
)
|
||
Total stockholders’ equity
|
1,227.3
|
|
|
1,182.1
|
|
||
Total liabilities and stockholders’ equity
|
$
|
2,814.6
|
|
|
$
|
2,687.8
|
|
|
|
Three Months Ended,
|
||||||
March 31,
|
||||||||
|
|
2019
|
|
2018
|
||||
Revenues
|
|
$
|
923.7
|
|
|
$
|
685.2
|
|
Costs of services
|
|
659.8
|
|
|
467.5
|
|
||
Gross profit
|
|
263.9
|
|
|
217.7
|
|
||
Selling, general and administrative expenses
|
|
187.4
|
|
|
164.4
|
|
||
Amortization of intangible assets
|
|
13.8
|
|
|
7.6
|
|
||
Operating income
|
|
62.7
|
|
|
45.7
|
|
||
Interest expense
|
|
(14.5
|
)
|
|
(6.6
|
)
|
||
Income before income taxes
|
|
48.2
|
|
|
39.1
|
|
||
Provision for income taxes
|
|
13.3
|
|
|
9.9
|
|
||
Income from continuing operations
|
|
34.9
|
|
|
29.2
|
|
||
Loss from discontinued operations, net of income taxes
|
|
—
|
|
|
(0.1
|
)
|
||
Net income
|
|
$
|
34.9
|
|
|
$
|
29.1
|
|
|
|
|
|
|
||||
Earnings per share:
|
|
|
|
|
||||
Basic
|
|
$
|
0.66
|
|
|
$
|
0.56
|
|
Diluted
|
|
$
|
0.66
|
|
|
$
|
0.55
|
|
|
|
|
|
|
||||
Number of shares and share equivalents used to calculate earnings per share:
|
|
|
|
|
||||
Basic
|
|
52.6
|
|
|
52.2
|
|
||
Diluted
|
|
53.2
|
|
|
52.8
|
|
||
|
|
|
|
|
||||
Reconciliation of net income to comprehensive income:
|
|
|
|
|
||||
Net income
|
|
$
|
34.9
|
|
|
$
|
29.1
|
|
Foreign currency translation adjustment
|
|
(1.1
|
)
|
|
1.5
|
|
||
Comprehensive income
|
|
$
|
33.8
|
|
|
$
|
30.6
|
|
|
|
Common Stock
|
|
Paid-in Capital
|
|
Retained Earnings
|
|
Accumulated Other Comprehensive Income (Loss)
|
|
Total
|
|||||||||||||
|
|
Shares
|
|
Par Value
|
|
|
|
|
|||||||||||||||
Three Months Ended March 31, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Balance at December 31, 2018
|
|
52.5
|
|
|
$
|
0.5
|
|
|
$
|
601.8
|
|
|
$
|
586.1
|
|
|
$
|
(6.3
|
)
|
|
$
|
1,182.1
|
|
Vesting of restricted stock units
|
|
0.2
|
|
|
—
|
|
|
(5.5
|
)
|
|
—
|
|
|
—
|
|
|
(5.5
|
)
|
|||||
Employee stock purchase plan
|
|
0.1
|
|
|
—
|
|
|
6.9
|
|
|
—
|
|
|
—
|
|
|
6.9
|
|
|||||
Stock-based compensation expense
|
|
—
|
|
|
—
|
|
|
10.0
|
|
|
—
|
|
|
—
|
|
|
10.0
|
|
|||||
Translation adjustments
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1.1
|
)
|
|
(1.1
|
)
|
|||||
Net income
|
|
—
|
|
|
—
|
|
|
—
|
|
|
34.9
|
|
|
—
|
|
|
34.9
|
|
|||||
Balance at March 31, 2019
|
|
52.8
|
|
|
$
|
0.5
|
|
|
$
|
613.2
|
|
|
$
|
621.0
|
|
|
$
|
(7.4
|
)
|
|
$
|
1,227.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Three Months Ended March 31, 2018:
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Balance at December 31, 2017
|
|
52.2
|
|
|
$
|
0.5
|
|
|
$
|
566.1
|
|
|
$
|
428.4
|
|
|
$
|
(3.6
|
)
|
|
$
|
991.4
|
|
Vesting of restricted stock units
|
|
—
|
|
|
—
|
|
|
(1.0
|
)
|
|
—
|
|
|
—
|
|
|
(1.0
|
)
|
|||||
Employee stock purchase plan
|
|
0.1
|
|
|
—
|
|
|
4.3
|
|
|
—
|
|
|
—
|
|
|
4.3
|
|
|||||
Exercise of stock options
|
|
—
|
|
|
—
|
|
|
0.1
|
|
|
—
|
|
|
—
|
|
|
0.1
|
|
|||||
Stock-based compensation expense
|
|
—
|
|
|
—
|
|
|
4.9
|
|
|
—
|
|
|
—
|
|
|
4.9
|
|
|||||
Translation adjustments
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1.5
|
|
|
1.5
|
|
|||||
Net income
|
|
—
|
|
|
—
|
|
|
—
|
|
|
29.1
|
|
|
—
|
|
|
29.1
|
|
|||||
Balance at March 31, 2018
|
|
52.3
|
|
|
$
|
0.5
|
|
|
$
|
574.4
|
|
|
$
|
457.5
|
|
|
$
|
(2.1
|
)
|
|
$
|
1,030.3
|
|
|
Three Months Ended
|
||||||
March 31,
|
|||||||
|
2019
|
|
2018
|
||||
Cash Flows from Operating Activities:
|
|
|
|
||||
Net income
|
$
|
34.9
|
|
|
$
|
29.1
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
||||
Depreciation and amortization
|
23.5
|
|
|
14.4
|
|
||
Stock-based compensation
|
9.5
|
|
|
4.9
|
|
||
Allowance for doubtful accounts
|
0.6
|
|
|
0.5
|
|
||
Workers’ compensation provision
|
0.6
|
|
|
0.8
|
|
||
Other
|
1.5
|
|
|
1.2
|
|
||
Changes in operating assets and liabilities, net of effects of acquisitions:
|
|
|
|
||||
Accounts receivable
|
4.6
|
|
|
(13.5
|
)
|
||
Prepaid expenses and income taxes
|
(6.9
|
)
|
|
8.2
|
|
||
Accounts payable
|
(17.3
|
)
|
|
5.8
|
|
||
Accrued payroll and contract professional pay
|
(7.8
|
)
|
|
6.5
|
|
||
Income taxes payable
|
12.3
|
|
|
(0.4
|
)
|
||
Workers’ compensation loss reserves
|
(0.9
|
)
|
|
(0.7
|
)
|
||
Operating lease right of use assets
|
6.8
|
|
|
—
|
|
||
Operating lease liabilities
|
(6.8
|
)
|
|
—
|
|
||
Other
|
(10.6
|
)
|
|
(2.1
|
)
|
||
Net cash provided by operating activities
|
44.0
|
|
|
54.7
|
|
||
Cash Flows from Investing Activities:
|
|
|
|
||||
Cash paid for property and equipment
|
(7.5
|
)
|
|
(6.2
|
)
|
||
Cash paid for acquisitions, net of cash acquired
|
(48.8
|
)
|
|
—
|
|
||
Other
|
(0.7
|
)
|
|
—
|
|
||
Net cash used in investing activities
|
(57.0
|
)
|
|
(6.2
|
)
|
||
Cash Flows from Financing Activities:
|
|
|
|
||||
Proceeds from long-term debt
|
44.0
|
|
|
—
|
|
||
Principal payments of long-term debt
|
(38.0
|
)
|
|
(10.0
|
)
|
||
Proceeds from option exercises and employee stock purchase plan
|
6.9
|
|
|
4.4
|
|
||
Payment of employment taxes related to release of restricted stock awards
|
(5.5
|
)
|
|
(2.1
|
)
|
||
Net cash provided by (used in) financing activities
|
7.4
|
|
|
(7.7
|
)
|
||
Effect of exchange rate changes on cash and cash equivalents
|
(0.6
|
)
|
|
0.4
|
|
||
Net Increase (Decrease) in Cash and Cash Equivalents
|
(6.2
|
)
|
|
41.2
|
|
||
Cash and Cash Equivalents at Beginning of Year
|
41.8
|
|
|
36.7
|
|
||
Cash and Cash Equivalents at End of Period
|
$
|
35.6
|
|
|
$
|
77.9
|
|
Supplemental Disclosure of Cash Flow Information
|
|
|
|
||||
Cash paid for:
|
|
|
|
||||
Income taxes
|
$
|
1.6
|
|
|
$
|
1.1
|
|
Interest
|
$
|
12.8
|
|
|
$
|
5.3
|
|
Supplemental Disclosure of Non-Cash Transactions
|
|
|
|
||||
Unpaid portion of additions to property and equipment
|
$
|
1.2
|
|
|
$
|
2.0
|
|
Operating lease expense
|
|
$
|
7.9
|
|
Short-term lease expense
|
|
0.4
|
|
|
Variable lease expense
|
|
1.1
|
|
|
Total lease expense
|
|
$
|
9.4
|
|
Cash paid for amounts included in the measurement of operating lease liabilities
|
|
$
|
7.9
|
|
Operating lease right of use assets obtained in exchange for new operating lease liabilities
|
|
$
|
4.4
|
|
Weighted-average remaining lease term of operating leases
|
|
4.3 years
|
|
|
Weighted-average discount rate of operating leases
|
|
4.6
|
%
|
Remainder of 2019
|
|
$
|
23.6
|
|
2020
|
|
26.1
|
|
|
2021
|
|
21.8
|
|
|
2022
|
|
16.4
|
|
|
2023
|
|
11.1
|
|
|
Thereafter
|
|
8.6
|
|
|
Total future minimum lease payments
|
|
107.6
|
|
|
Less imputed interest
|
|
(10.7
|
)
|
|
Total operating lease liabilities
|
|
$
|
96.9
|
|
|
|
|
||
Revenues
|
|
$
|
834.2
|
|
Income from continuing operations
|
|
$
|
34.6
|
|
Net income
|
|
$
|
34.5
|
|
|
|
|
||
Earnings per share:
|
|
|
||
Basic
|
|
$
|
0.66
|
|
Diluted
|
|
$
|
0.65
|
|
|
|
|
||
Number of shares and share equivalents used to calculate earnings per share:
|
|
|
||
Basic
|
|
52.2
|
|
|
Diluted
|
|
52.9
|
|
|
Apex Segment
|
|
Oxford Segment
|
|
ECS Segment
|
|
Total
|
||||||||
Balance as of December 31, 2017
|
$
|
662.1
|
|
|
$
|
232.0
|
|
|
$
|
—
|
|
|
$
|
894.1
|
|
ECS acquisition
|
—
|
|
|
—
|
|
|
528.2
|
|
|
528.2
|
|
||||
Translation adjustment
|
—
|
|
|
(1.2
|
)
|
|
—
|
|
|
(1.2
|
)
|
||||
Balance as of December 31, 2018
|
662.1
|
|
|
230.8
|
|
|
528.2
|
|
|
1,421.1
|
|
||||
DHA acquisition
|
—
|
|
|
—
|
|
|
24.8
|
|
|
24.8
|
|
||||
Translation adjustment
|
—
|
|
|
(0.4
|
)
|
|
—
|
|
|
(0.4
|
)
|
||||
Balance as of March 31, 2019
|
$
|
662.1
|
|
|
$
|
230.4
|
|
|
$
|
553.0
|
|
|
$
|
1,445.5
|
|
|
|
|
March 31, 2019
|
|
December 31, 2018
|
||||||||||||||||||||
|
Estimated Useful Life
|
|
Gross Carrying Amount
|
|
Accumulated Amortization
|
|
Net Carrying Amount
|
|
Gross Carrying Amount
|
|
Accumulated Amortization
|
|
Net Carrying Amount
|
||||||||||||
Subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Customer and contractual relationships
|
2 - 12.75 years
|
|
$
|
362.4
|
|
|
$
|
153.8
|
|
|
$
|
208.6
|
|
|
$
|
346.9
|
|
|
$
|
145.4
|
|
|
$
|
201.5
|
|
Contractor relationships
|
2 - 5 years
|
|
71.1
|
|
|
69.0
|
|
|
2.1
|
|
|
71.1
|
|
|
67.1
|
|
|
4.0
|
|
||||||
Backlog
|
1 - 2.75 years
|
|
25.0
|
|
|
19.2
|
|
|
5.8
|
|
|
23.1
|
|
|
17.7
|
|
|
5.4
|
|
||||||
Non-compete agreements
|
2 - 7 years
|
|
23.6
|
|
|
10.9
|
|
|
12.7
|
|
|
22.1
|
|
|
9.9
|
|
|
12.2
|
|
||||||
In-use software
|
6 years
|
|
18.9
|
|
|
16.8
|
|
|
2.1
|
|
|
18.9
|
|
|
16.0
|
|
|
2.9
|
|
||||||
Favorable contracts
|
5 years
|
|
—
|
|
|
—
|
|
|
—
|
|
|
1.4
|
|
|
0.9
|
|
|
0.5
|
|
||||||
|
|
|
501.0
|
|
|
269.7
|
|
|
231.3
|
|
|
483.5
|
|
|
257.0
|
|
|
226.5
|
|
||||||
Not subject to amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Trademarks
|
|
|
262.1
|
|
|
—
|
|
|
262.1
|
|
|
262.2
|
|
|
—
|
|
|
262.2
|
|
||||||
Total
|
|
|
$
|
763.1
|
|
|
$
|
269.7
|
|
|
$
|
493.4
|
|
|
$
|
745.7
|
|
|
$
|
257.0
|
|
|
$
|
488.7
|
|
|
March 31,
2019 |
|
December 31,
2018 |
||||
$200 million revolving credit facility, due March 31, 2023
|
$
|
6.0
|
|
|
$
|
—
|
|
Term B loan facility, due June 5, 2022
|
337.0
|
|
|
337.0
|
|
||
Term B loan facility, due April 2, 2025
|
787.0
|
|
|
787.0
|
|
||
|
1,130.0
|
|
|
1,124.0
|
|
||
Unamortized deferred loan costs
|
(22.3
|
)
|
|
(23.6
|
)
|
||
|
$
|
1,107.7
|
|
|
$
|
1,100.4
|
|
|
|
Three Months Ended
|
||||
|
|
March 31,
|
||||
|
|
2019
|
|
2018
|
||
Weighted average number of common shares outstanding used to compute basic earnings per share
|
|
52.6
|
|
|
52.2
|
|
Dilutive effect of stock-based awards
|
|
0.6
|
|
|
0.6
|
|
Number of shares used to compute diluted earnings per share
|
|
53.2
|
|
|
52.8
|
|
(1)
|
Corporate expenses primarily consist of consolidated stock-based compensation expense, compensation for corporate employees, acquisition, integration and strategic planning expenses, public company expenses and depreciation expense for corporate assets.
|
|
|
Three Months Ended
|
||||||
|
|
March 31,
|
||||||
|
|
2019
|
|
2018
|
||||
Apex:
|
|
|
|
|
||||
Assignment
|
|
$
|
592.2
|
|
|
$
|
524.9
|
|
Permanent placement
|
|
13.9
|
|
|
13.6
|
|
||
|
|
$
|
606.1
|
|
|
$
|
538.5
|
|
Oxford:
|
|
|
|
|
||||
Assignment
|
|
$
|
129.4
|
|
|
$
|
125.4
|
|
Permanent placement
|
|
20.2
|
|
|
21.3
|
|
||
|
|
$
|
149.6
|
|
|
$
|
146.7
|
|
ECS:
|
|
|
|
|
||||
Firm-fixed-price
|
|
$
|
43.3
|
|
|
$
|
—
|
|
Time and materials
|
|
61.4
|
|
|
—
|
|
||
Cost-plus-fixed-fee
|
|
63.3
|
|
|
—
|
|
||
|
|
$
|
168.0
|
|
|
$
|
—
|
|
Consolidated
|
|
$
|
923.7
|
|
|
$
|
685.2
|
|
|
|
Three Months Ended
|
||
|
|
March 31, 2019
|
||
Department of Defense and Intelligence Agencies
|
|
$
|
96.0
|
|
Federal Civilian
|
|
60.2
|
|
|
Commercial and Other
|
|
11.8
|
|
|
|
|
$
|
168.0
|
|
|
|
Reported
|
|
Pro Forma
|
|
||||||||||||||||||
Three Months Ended March 31,
|
|
2019
|
|
2018
|
|
% Change
|
|
2019
|
|
2018
|
|
% Change
|
|
||||||||||
Revenues by segment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Apex:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Assignment
|
|
$
|
592.2
|
|
|
$
|
524.9
|
|
|
12.8
|
%
|
|
$
|
592.2
|
|
|
$
|
524.9
|
|
|
12.8
|
%
|
|
Permanent placement
|
|
13.9
|
|
|
13.6
|
|
|
2.0
|
%
|
|
13.9
|
|
|
13.6
|
|
|
2.0
|
%
|
|
||||
|
|
606.1
|
|
|
538.5
|
|
|
12.5
|
%
|
|
606.1
|
|
|
538.5
|
|
|
12.5
|
%
|
|
||||
Oxford:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Assignment
|
|
129.4
|
|
|
125.4
|
|
|
3.2
|
%
|
|
129.4
|
|
|
125.4
|
|
|
3.2
|
%
|
|
||||
Permanent placement
|
|
20.2
|
|
|
21.3
|
|
|
(4.9
|
)%
|
|
20.2
|
|
|
21.3
|
|
|
(4.9
|
)%
|
|
||||
|
|
149.6
|
|
|
146.7
|
|
|
2.0
|
%
|
|
149.6
|
|
|
146.7
|
|
|
2.0
|
%
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
ECS
|
|
168.0
|
|
|
—
|
|
|
—
|
|
|
168.0
|
|
|
149.1
|
|
|
12.7
|
%
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Consolidated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Assignment
|
|
721.6
|
|
|
650.3
|
|
|
11.0
|
%
|
|
721.6
|
|
|
650.3
|
|
|
11.0
|
%
|
|
||||
Permanent placement
|
|
34.1
|
|
|
34.9
|
|
|
(2.2
|
)%
|
|
34.1
|
|
|
34.9
|
|
|
(2.2
|
)%
|
|
||||
ECS
|
|
168.0
|
|
|
—
|
|
|
—
|
|
|
168.0
|
|
|
149.1
|
|
|
12.7
|
%
|
|
||||
|
|
$
|
923.7
|
|
|
$
|
685.2
|
|
|
34.8
|
%
|
|
$
|
923.7
|
|
|
$
|
834.3
|
|
|
10.7
|
%
|
|
Percentage of total revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Apex
|
|
65.6
|
%
|
|
78.6
|
%
|
|
|
|
65.6
|
%
|
|
64.5
|
%
|
|
|
|
||||||
Oxford
|
|
16.2
|
%
|
|
21.4
|
%
|
|
|
|
16.2
|
%
|
|
17.6
|
%
|
|
|
|
||||||
ECS
|
|
18.2
|
%
|
|
—
|
|
|
|
|
18.2
|
%
|
|
17.9
|
%
|
|
|
|
||||||
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Assignment
|
|
78.1
|
%
|
|
94.9
|
%
|
|
|
|
78.1
|
%
|
|
77.9
|
%
|
|
|
|
||||||
Permanent placement
|
|
3.7
|
%
|
|
5.1
|
%
|
|
|
|
3.7
|
%
|
|
4.2
|
%
|
|
|
|
||||||
ECS
|
|
18.2
|
%
|
|
—
|
|
|
|
|
18.2
|
%
|
|
17.9
|
%
|
|
|
|
||||||
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Domestic
|
|
95.4
|
%
|
|
94.5
|
%
|
|
|
|
95.4
|
%
|
|
95.5
|
%
|
|
|
|
||||||
Foreign
|
|
4.6
|
%
|
|
5.5
|
%
|
|
|
|
4.6
|
%
|
|
4.5
|
%
|
|
|
|
||||||
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
|
|
|
Reported
|
|
Pro Forma
|
|
||||||||||||||||||
Three Months Ended March 31,
|
|
2019
|
|
2018
|
|
% Change
|
|
2019
|
|
2018
|
|
% Change
|
|
||||||||||
Gross profit:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Apex
|
|
$
|
175.4
|
|
|
$
|
158.6
|
|
|
10.6
|
%
|
|
$
|
175.4
|
|
|
$
|
158.6
|
|
|
10.6
|
%
|
|
Oxford
|
|
58.9
|
|
|
59.1
|
|
|
(0.3
|
)%
|
|
58.9
|
|
|
59.1
|
|
|
(0.3
|
)%
|
|
||||
ECS
|
|
29.6
|
|
|
—
|
|
|
—
|
|
|
29.6
|
|
|
26.7
|
|
|
10.8
|
%
|
|
||||
Consolidated
|
|
$
|
263.9
|
|
|
$
|
217.7
|
|
|
21.2
|
%
|
|
$
|
263.9
|
|
|
$
|
244.4
|
|
|
8.0
|
%
|
|
Gross margin:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Apex
|
|
28.9
|
%
|
|
29.5
|
%
|
|
|
|
28.9
|
%
|
|
29.5
|
%
|
|
|
|
||||||
Oxford
|
|
39.4
|
%
|
|
40.3
|
%
|
|
|
|
39.4
|
%
|
|
40.3
|
%
|
|
|
|
||||||
ECS
|
|
17.6
|
%
|
|
—
|
|
|
|
|
17.6
|
%
|
|
17.9
|
%
|
|
|
|
||||||
Consolidated
|
|
28.6
|
%
|
|
31.8
|
%
|
|
|
|
28.6
|
%
|
|
29.3
|
%
|
|
|
|
(in millions)
|
|
March 31, 2019
(1)
|
|
December 31, 2018
|
||||
Funded Contract Backlog
|
|
$
|
458.6
|
|
|
$
|
350.0
|
|
Negotiated Unfunded Contract Backlog
|
|
1,317.9
|
|
|
1,096.6
|
|
||
Contract Backlog
|
|
$
|
1,776.5
|
|
|
$
|
1,446.6
|
|
|
ASGN Incorporated
|
|
|
|
|
May 9, 2019
|
By:
|
/s/ Edward L. Pierce
|
|
|
Edward L. Pierce
|
|
|
Executive Vice President and Chief Financial Officer
|
|
|
(Principal Financial and Accounting Officer)
|
1 Year ASGN Chart |
1 Month ASGN Chart |
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