Everforth (EFOR), formerly ASGN, is a deep value play trading at 6.6x annualized Q1 adjusted EBITDA after a weak quarter reset market expectations. Q1 2026 showed flat revenue at $968.3M but gross margin compressed to 27.5% and adjusted EBITDA margin fell to 8.6%, driving the stock lower. The business mix is shifting: higher-margin consulting revenue is growing while legacy assignment and Federal segments remain weak, with Federal book-to-bill at 0.7x.
| Diversified Consumer Services Industry | Consumer Discretionary Sector | Theodore S. Hanson CEO | XSTU Exchange | US00191U1025 ISIN |
| US Country | 22,400 Employees | 15 Mar 2022 Last Dividend | 4 Apr 2000 Last Split | 22 Sep 1992 IPO Date |
ASGN Incorporated stands at the forefront of providing specialized services and solutions in the realms of information technology (IT) for both the commercial and government sectors across the United States, Canada, and Europe. With its operations bifurcated into two primary segments: Commercial and Federal Government, the company caters to a diverse clientele, encompassing enterprise clients in the commercial segment and departments of defense, intelligence communities, and federal civilian agencies in the federal government segment. Originally named On Assignment, Inc., it underwent a rebranding to ASGN Incorporated in April 2018 to better reflect its broadened scope and capabilities. Founded in 1985 and headquartered in Glen Allen, Virginia, ASGN Incorporated has established itself as a critical partner in its clients' digital and technological transformation journeys.
Primarily aimed at enterprise clients within the commercial segment, ASGN offers a comprehensive suite of consulting services that encompasses creative digital marketing strategies and solutions, alongside providing robust permanent placement services to address the evolving workforce demands.
These services focus on mobilizing workforce capabilities, modernizing enterprise IT infrastructure, and driving digital innovation to stay ahead in the rapidly evolving technology landscape, catering to the specific needs of commercial clients.
ASGN Incorporated provides cutting-edge solutions aimed at leveraging cloud technology, data analytics, and digital transformation strategies to enhance operational efficiency and foster growth, available to both commercial and federal government sector clients.
In its Federal Government Segment, ASGN delivers specialized, mission-critical solutions including cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, and science and engineering solutions, tailored to meet the rigorous demands of defense, intelligence, and federal civilian sectors.