2024-07-24 21:40:23 ET
ASGN Incorporated (ASGN)
Q2 2024 Earnings Conference Call
July 24, 2024, 04:30 PM ET
Company Participants
Kimberly Esterkin - Vice President of Investor Relations
Theodore Hanson - Chief Executive Officer
Marie Perry - Chief Financial Officer
Randolph Blazer - President
Conference Call Participants
Trevor Romeo - William Blair
Mark Marcon - Baird
Joseph Vafi - Canaccord
Emily Marzo - Bank of America
Surinder Thind - Jefferies
Tobey Sommer - Truist Securities
Presentation
Operator
Greetings, and welcome to the ASGN Incorporated Second Quarter 2024 Earnings Call. [Operator Instructions] I will now turn the conference over to your host, Kimberly Esterkin of Investor Relations. You may begin.
Kimberly Esterkin
Good afternoon, and thank you for joining us today for ASGN's Second Quarter 2024 Conference Call. With me are Ted Hanson, Chief Executive Officer; Rand Blazer, President; and Marie Perry, Chief Financial Officer.
Before we get started, I would like to remind everyone that our commentary contains forward-looking statements. Although we believe these statements are reasonable, they are subject to risks and uncertainties, and as such, our actual results could differ materially from those statements. Certain of these risks and uncertainties are described in today's press release and in our SEC filings. We do not assume any obligation to update statements made on this call.
For your convenience, our prepared remarks and supplemental materials can be found in the Investor Relations section of our website at investors.asgn.com.
Please also note that on this call, we will be referencing certain non-GAAP measures, such as adjusted EBITDA, adjusted net income and free cash flow. These non-GAAP measures are intended to supplement the comparable GAAP measures. Reconciliations between GAAP and non-GAAP measures are included in today's press release.
I will now turn the call over to Ted Hanson, Chief Executive Officer.
Theodore Hanson
Thank you, Kim. And thank you for joining ASGN's Second Quarter 2024 Earnings Call. ASGN's results for the second quarter confirmed our expectations that macro conditions in Q2 would be consistent with Q1. Revenues were $1.035 billion, while adjusted EBITDA margin of 11.3% was at the top of our expectation. Consistent with the first quarter, in Q2, our clients continue to acutely focus on where and when to spend against our IT budget. Their long-term IT road maps and priorities have not changed....
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ASGN Incorporated (ASGN) Q2 2024 Earnings Call Transcript