ASGN Incorporated (NYSE:ASGN) Q1 2022 Earnings Conference Call April 27, 2022 4:30 PM ET

Company Participants

Kimberly Esterkin - ADDO, Investor Relations

Theodore Hanson - CEO & Director

Edward Pierce - EVP & CFO

Randolph Blazer - President

Conference Call Participants

Maggie Nolan - William Blair

Tobey Sommer - Truist Securities

Heather Balsky - Bank of America

Jeff Silber - BMO Capital Markets

Mark Marcon - Baird

Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine-assisted output provided is partly edited and is designed as a guide.

Operator

00:06 Greetings. Welcome to the ASGN Incorporated First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

00:26 I will now turn the conference over to your host, Kimberly Esterkin. You may begin.

Kimberly Esterkin

00:32 Thank you, operator. Good afternoon, and thank you for joining us today for ASGN's first quarter 2022 conference call. With me are Ted Hanson, Chief Executive Officer; Rand Blazer, President; and Ed Pierce, Chief Financial Officer.

00:46 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.

01:22 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.

01:42 I will now turn the call over to Ted Hanson, Chief Executive Officer.

Theodore Hanson

01:49 Thank you, Kimberly and thank you for joining ASGN's first quarter 2022 earnings call. I am very pleased to report that the momentum we experienced in the fourth quarter of 2021 continued into the first quarter of 2022. Revenues for the first quarter totaled $1.1 billion, up 20.3% year-over-year and surpassing the high end of our guidance range.