ASGN announced that it will consolidate its six operating brands—Apex Systems, Creative Circle, CyberCoders, ECS, GlideFast, and TopBloc—under a single parent identity, Everforth. The transition, slated for the first half of 2026, will bring together the company’s staffing, technology, and consulting businesses under one unified brand.
The rebranding is intended to streamline operations, reduce brand confusion, and unlock cross‑selling opportunities across the firm’s AI & data, cloud and infrastructure, digital engineering, customer experience, cybersecurity, and enterprise platform services. By presenting a cohesive front, ASGN aims to strengthen its market positioning and accelerate growth in high‑value IT solutions.
In its most recent quarterly results, ASGN reported revenue of $1.01 billion, a 1.9% year‑over‑year decline, and net income of $38.1 million. Adjusted EBITDA reached $112.6 million, and earnings per share were $1.31, beating consensus expectations of $1.22 by $0.09. The earnings beat was driven by disciplined cost management and a favorable shift toward higher‑margin consulting work, which now accounts for 63% of total revenue.
Segment analysis shows that the consulting arm grew, offsetting a modest decline in staffing revenue. The mix shift toward consulting, combined with maintained pricing power, helped preserve margins despite the overall revenue contraction. Adjusted EBITDA margins improved to 11.1% of revenue, up from 10.6% in the prior quarter, reflecting the company’s focus on higher‑margin services.
ASGN’s board approved a $1 billion share‑buyback program, the largest in the company’s history. The buyback signals management’s confidence in the firm’s long‑term prospects and provides a direct return to shareholders while supporting the company’s capital structure.
CEO Ted Hanson said the Everforth brand “reflects a commitment to continuous progress and sets the stage for greater impact.” President Shiv Iyer added that the rebranding is “more than a name or logo” and represents the company’s next chapter, emphasizing a strategic focus on AI, cloud, and digital engineering.
Investors have responded cautiously, weighing the revenue decline and forward guidance against the strategic benefits of the rebranding and the share‑buyback. The market’s focus on the company’s near‑term financial performance underscores the importance of sustained growth and margin stability as ASGN moves toward its long‑term objectives.
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