Latest news with #ASGN
Yahoo
04-06-2025
- Business
- Yahoo
SmartBug Media® Promotes Adam Bleibtreu to CEO
Founder Ryan Malone Returns to Board Chairman, Passes the Baton to Bleibtreu inStrategic Leadership Transition IRVINE, Calif., June 4, 2025 /PRNewswire/ -- SmartBug Media® — HubSpot's most decorated Elite Partner in the world and the digital agency of choice for organizations looking to create resilient growth across the entire customer lifecycle — today announced a strategic leadership transition, promoting Adam Bleibtreu from his current role as president of the company to chief executive officer, effective July 1, 2025. Ryan Malone, founder and current CEO, will stay in his role as chairman of the board, focusing on long-term strategy and company culture. As SmartBug's® president, Bleibtreu has overseen the company's strategic direction, operational excellence and growth initiatives while working side by side with Malone and SmartBug's leaders to advance every facet of the company. With decades of executive experience and deep expertise across marketing, staffing and digital transformation, he is positioned to expand the agency's potential for continued excellence and innovation. "Having led SmartBug for so long, it was important for me to hand the baton to someone who had the skills, demeanor and experience to lead SmartBug where we want to go, and Adam fits the mold perfectly," Malone said. "His background leading large teams at scale — within both public and private companies — positions us to meet the demands of a rapidly advancing tech landscape. Working hand in hand with Adam in his role as president, I know SmartBug is in good hands with his vision and client-centric approach to the business." Prior to SmartBug, Bleibtreu spent eight years as chief marketing officer (CMO) at ASGN Incorporated (NYSE: ASGN), a leading publicly traded provider of technology and creative digital marketing solutions across the commercial and government sectors. At ASGN, he led transformative initiatives across marketing, brand strategy, investor relations, ESG and corporate communications — playing a key role in the company's growth from $2.2 billion to more than $4 billion in revenue through 13 strategic acquisitions and organic growth. Known for aligning brand, business strategy and operational execution, Bleibtreu has held leadership roles across tech, staffing, consumer products and media, including serving concurrently as CMO for both ASGN and Creative Circle. His deep expertise in marketing, sales and sustainable business practices uniquely positions him to lead SmartBug's mission of delivering intelligent, data-driven growth for modern organizations. In his role as chairman of the board, Malone will collaborate with Bleibtreu on long-term strategy and enhancing SmartBug's award-winning company culture. "We are excited to have an executive of Adam's caliber lead SmartBug as CEO," said Michael Denbeau, partner at American Discovery Capital, a private equity firm focused on providing growth capital and liquidity solutions to founder-led companies. "Adam has a long and successful track record as a senior executive of leading private and public companies in the technology services and digital marketing/creative sectors. We have seen firsthand Adam's dedication to SmartBug's global employee base, his client-first approach and his unwavering commitment to delivering the very best service to our clients and strategic partners. We are proud of SmartBug's recognition by HubSpot as its 2024 North American Partner of the Year, and we look forward to collaborating with Adam to capitalize on the company's premier position and strong reputation in the U.S. and Canada to propel the next several years of growth." "I'm incredibly excited to take on the leadership of SmartBug at such a pivotal moment," Bleibtreu said. "As the largest and most successful HubSpot partner in the world, we're uniquely positioned at the intersection of evolving client needs, powerful marketing and CRM technologies, and the accelerating impact of digital transformation and AI. By combining strategic insight with deep technical expertise, we're able to help clients navigate complexity, unlock growth and stay ahead in a fast-changing digital world." ABOUT SMARTBUG MEDIA®SmartBug Media® is the digital agency of choice for organizations looking to create resilient growth across the entire customer lifecycle. From marketing to sales, revenue operations to customer success and e-commerce to integration, SmartBug® combines sound strategies, cutting-edge AI and digital innovation to help clients optimize their sales, marketing and customer success strategies to maximize revenue growth. As a three-time HubSpot Partner of the Year, SmartBug is one of its top-performing Elite Global Solutions Partners. SmartBug is also a Google Premier Partner. For more information about SmartBug Media, visit For SmartBug Media Inquiries, Contact:Katie Quaranta, PR ManagerSmartBug Mediakquaranta@ View original content to download multimedia: SOURCE SmartBug Media Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
3 Services Stocks with Questionable Fundamentals
Business services providers use their specialized expertise to help enterprises streamline operations and cut costs. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check, and over the past six months, the industry has tumbled by 10.9%. This drawdown was worse than the S&P 500's 3.3% fall. A cautious approach is imperative when dabbling in these companies as many are also sensitive to the ebbs and flows of the broader economy. With that said, here are three services stocks we're passing on. Market Cap: $2.35 billion Evolving from its roots in IT staffing to become a high-end technology consulting powerhouse, ASGN (NYSE:ASGN) provides specialized IT consulting services and staffing solutions to Fortune 1000 companies and U.S. federal government agencies. Why Is ASGN Risky? Annual sales declines of 6.7% for the past two years show its products and services struggled to connect with the market during this cycle Sales were less profitable over the last two years as its earnings per share fell by 11.6% annually, worse than its revenue declines Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 5.1 percentage points ASGN's stock price of $53.55 implies a valuation ratio of 10.6x forward P/E. To fully understand why you should be careful with ASGN, check out our full research report (it's free). Market Cap: $10.16 billion Powering the digital experiences of approximately 400 communications companies worldwide, Amdocs (NASDAQ:DOX) provides software and services that help telecommunications and media companies manage customer relationships, monetize services, and automate network operations. Why Do We Pass on DOX? New orders were hard to come by as its average backlog growth of 1.6% over the past two years underwhelmed Sales are projected to tank by 3.5% over the next 12 months as demand evaporates further 4.6 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position At $90.69 per share, Amdocs trades at 12.5x forward P/E. Check out our free in-depth research report to learn more about why DOX doesn't pass our bar. Market Cap: $4.08 billion With nearly 50 years of experience translating public policy into operational programs that serve millions of citizens, Maximus (NYSE:MMS) provides operational services, clinical assessments, and technology solutions to government agencies in the U.S. and internationally. Why Does MMS Fall Short? Demand is forecasted to shrink as its estimated sales for the next 12 months are flat Free cash flow margin shrank by 5.9 percentage points over the last five years, suggesting the company is consuming more capital to stay competitive Shrinking returns on capital from an already weak position reveal that neither previous nor ongoing investments are yielding the desired results Maximus is trading at $72.40 per share, or 11.3x forward P/E. If you're considering MMS for your portfolio, see our FREE research report to learn more. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Is ASGN Incorporated's (NYSE:ASGN) Stock Price Struggling As A Result Of Its Mixed Financials?
With its stock down 20% over the past three months, it is easy to disregard ASGN (NYSE:ASGN). It is possible that the markets have ignored the company's differing financials and decided to lean-in to the negative sentiment. Long-term fundamentals are usually what drive market outcomes, so it's worth paying close attention. Particularly, we will be paying attention to ASGN's ROE today. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for ASGN is: 8.8% = US$158m ÷ US$1.8b (Based on the trailing twelve months to March 2025). The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.09. View our latest analysis for ASGN Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. At first glance, ASGN's ROE doesn't look very promising. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 11% either. Therefore, ASGN's flat earnings over the past five years can possibly be explained by the low ROE amongst other factors. As a next step, we compared ASGN's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 2.4% in the same period. Earnings growth is a huge factor in stock valuation. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is ASGN fairly valued? This infographic on the company's intrinsic value has everything you need to know. ASGN doesn't pay any regular dividends, meaning that the company is keeping all of its profits, which makes us wonder why it is retaining its earnings if it can't use them to grow its business. It looks like there might be some other reasons to explain the lack in that respect. For example, the business could be in decline. In total, we're a bit ambivalent about ASGN's performance. While the company does have a high rate of reinvestment, the low ROE means that all that reinvestment is not reaping any benefit to its investors, and moreover, its having a negative impact on the earnings growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Business Wire
20-05-2025
- Business
- Business Wire
ASGN Incorporated Announces Participation in June Conferences
RICHMOND, Va.--(BUSINESS WIRE)--ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions across the commercial and government sectors, announced today the Company's participation in two upcoming conferences: Baird 2025 Global Consumer, Technology & Services Conference on Tuesday, June 3, 2025, at the InterContinental New York Barclay in New York City. Ted Hanson, CEO, and Marie Perry, CFO, are scheduled to present at 3:45 p.m. ET and will participate in investor meetings throughout the day. William Blair 45th Annual Growth Stock Conference on Wednesday, June 4, 2025, at the Loews Chicago Hotel in Chicago. Ted Hanson, CEO, Shiv Iyer, President, and Marie Perry, CFO, are scheduled to present at 2:00 p.m. CT and will participate in investor meetings throughout the day. The presentation will be webcast live, and a link to the live event and replay will be made available on the Investors' section of ASGN's website at About ASGN Incorporated ASGN Incorporated (NYSE: ASGN) is a leading provider of IT services and solutions across the commercial and government sectors. ASGN helps corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offerings. For more information, please visit
Yahoo
12-05-2025
- Business
- Yahoo
ASGN Q1 Earnings Call: IT Consulting Growth Offsets Soft Demand, Federal Uncertainty Weighs on Outlook
IT services provider ASGN (NYSE:ASGN) beat Wall Street's revenue expectations in Q1 CY2025, but sales fell by 7.7% year on year to $968.3 million. Guidance for next quarter's revenue was better than expected at $1 billion at the midpoint, 0.5% above analysts' estimates. Its non-GAAP profit of $0.92 per share was 2.8% below analysts' consensus estimates. Is now the time to buy ASGN? Find out in our full research report (it's free). Revenue: $968.3 million vs analyst estimates of $962.3 million (7.7% year-on-year decline, 0.6% beat) Adjusted EPS: $0.92 vs analyst expectations of $0.95 (2.8% miss) Adjusted EBITDA: $93.6 million vs analyst estimates of $94.58 million (9.7% margin, 1% miss) Revenue Guidance for Q2 CY2025 is $1 billion at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q2 CY2025 is $1.09 at the midpoint, below analyst estimates of $1.25 EBITDA guidance for Q2 CY2025 is $104.5 million at the midpoint, below analyst estimates of $112.5 million Operating Margin: 4.8%, down from 6.8% in the same quarter last year Free Cash Flow Margin: 0.7%, down from 6% in the same quarter last year Market Capitalization: $2.44 billion ASGN's first quarter results reflected growth in high-margin IT consulting services, partially offsetting ongoing softness in cyclical commercial assignment revenues and continued caution from clients facing macroeconomic uncertainty. CEO Ted Hanson highlighted the company's resilience, citing a shift in client demand toward efficiency-driven technology solutions, including artificial intelligence (AI), data modernization, and cybersecurity. The recent integration of TopBloc, a Workday partner acquired in March, was noted as a key development, with Hanson stating, 'Our Apex and TopBloc teams have already partnered on a number of new consulting opportunities.' Looking ahead, management provided cautious guidance, pointing to a stable but uncertain demand environment. CFO Marie Perry explained that the company widened its revenue guidance range to reflect potential volatility, driven by factors such as ongoing government cost-cutting initiatives and client hesitancy to increase IT spending. The company expects consulting and technology partnerships to help sustain margins, but acknowledged risks remain around federal contract adjustments and overall macro conditions. ASGN's leadership emphasized the company's ability to adapt to shifting client needs and macroeconomic headwinds through a diversified service mix and flexible cost structure. The following points summarize management's key insights: Consulting Revenue Mix Shift: The proportion of IT consulting services rose to 61% of total revenue, up from 57% a year ago, reflecting client focus on efficiency and modernization over discretionary spending. Commercial Segment Trends: Consulting bookings improved, especially in consumer, industrial, and healthcare verticals, with demand driven by AI, data solutions, and cloud-based automation projects. Assignment revenues in cyclical areas remained weak, but high-value consulting partially offset this softness. Federal Government Segment Developments: Federal bookings were strong, with new contract awards and a healthy backlog, but revenue declined due to program completions and cost-cutting initiatives under the Defense Optimization and Government Efficiency (DOGE) program. The segment remains aligned with government priorities in AI and cybersecurity. TopBloc Acquisition Integration: The acquisition of TopBloc expanded ASGN's capabilities in Workday consulting. Management reported early cross-selling success between Apex and TopBloc teams, indicating potential for incremental growth in cloud-based enterprise services. Variable Cost Structure and Margin Management: ASGN's model, which leverages contingent labor and a flexible SG&A base, helped maintain gross margins despite revenue declines. Management credited the business stabilizers and ongoing realignment of investment toward higher-margin areas for supporting profitability. Management anticipates that demand for digital transformation and cost-saving solutions will underpin near-term performance, but acknowledges ongoing risks from macroeconomic volatility and federal spending constraints. Continued Focus on Digital Solutions: ASGN expects sustained demand for AI, data modernization, and cybersecurity services as organizations prioritize efficiency and automation over discretionary IT projects. Federal Contract Adjustments: The company faces uncertainty from government cost-cutting programs, which may result in further contract modifications or delays, particularly in non-core management consulting work. Integration of Strategic Acquisitions: Management believes recent acquisitions, such as TopBloc, will drive incremental growth and margin expansion by enhancing the company's enterprise cloud and Workday consulting offerings. Tobey Sommer (Truist Securities): Asked about the mix of new versus renewal bookings and the nature of federal business impacted by DOGE. Management replied that renewals still outpace new work, and DOGE mainly affects small, non-technical contracts. Mark Marcon (Baird): Inquired about the sustainability of gross margin improvements and SG&A flexibility. Leadership highlighted higher consulting mix and contingent labor as key margin drivers, with SG&A remaining highly variable. Kevin McVeigh (UBS): Sought details on TopBloc's contribution and DOGE's ongoing impact. Management said TopBloc's initial revenue was immaterial but future impact should align with prior guidance, while DOGE effects are mostly limited to less technical federal work. Trevor Romeo (William Blair): Questioned segment-specific guidance assumptions and resilience of Mexico nearshoring. Management pointed to stable revenue per billable day and noted growing client interest in nearshore solutions for cost savings. Surinder Thind (Jefferies): Pressed on intra-quarter visibility and muted Q2 margin outlook. Management cited prudence amid daily macro shifts, with Q2 margins reflecting business mix and loss of some high-margin federal contracts. In upcoming quarters, the StockStory team will monitor (1) whether consulting bookings continue to offset declines in cyclical commercial assignments, (2) the pace and impact of federal contract modifications or reductions under ongoing government efficiency mandates, and (3) early revenue contributions and cross-selling potential from the TopBloc acquisition. Progress in nearshore delivery and the ability to maintain or expand gross margins will also be important markers as client spending priorities evolve. ASGN currently trades at a forward P/E ratio of 11×. Should you load up, cash out, or stay put? Find out in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
