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On Assignment Reports Results for Fourth Quarter 2012

  On Assignment Reports Results for Fourth Quarter 2012

 Revenues & Adjusted EBITDA above High-end of Previously Announced Estimates

                   Announces Sale of Nurse Travel Division

Business Wire

CALABASAS, Calif. -- February 14, 2013

On Assignment, Inc. (NYSE: ASGN), a leading global provider of diversified
professional staffing solutions, today reported results for the quarter ended
December 31, 2012.

Fourth Quarter Highlights

  *Revenues were $401.7 million and above the high-end of the
    previously-announced estimates.
  *Revenues were up 3.4 percent sequentially (1.6 percent excluding Nurse
    Travel). This was achieved despite approximately $1.2 million in lost
    revenues from Hurricane Sandy and 1.5 fewer billable days in the quarter.
  *Adjusted EBITDA (a non-GAAP measurement defined below) was $44.3 million,
    up 150.3 percent year-over-year.
  *Effective tax rate was 45.4 percent for the quarter and 43.1 percent for
    the full year. The rate for Q4 included the effects of higher than
    expected non-deductible expenses related to Apex Systems.
  *Net Income was $11.3 million ($0.21 per diluted share) compared with $7.5
    million ($0.20 per diluted share) in the fourth quarter of 2011 and $17.4
    million ($0.33 per diluted share) in the third quarter of 2012.
  *Net Income (before the $8.4 million increase in amortization expense of
    intangible assets) was $16.4 million ($0.31 per diluted share). In Q4, the
    valuation of the identifiable intangible assets and amortization methods
    were finalized for Apex Systems resulting in an $8.4 million retrospective
    increase in amortization of which $5.0 million related to prior quarters.
  *Leverage ratio (total indebtedness to trailing twelve months Adjusted
    EBITDA) was 2.73 to 1 compared with 3.79 to 1 as of May 15, 2012, the
    effective date of the acquisition of Apex Systems.

Commenting on the results, Peter Dameris, President and Chief Executive
Officer of On Assignment, Inc., said, “During the fourth quarter, we achieved
many milestones that we believe position us well for a strong performance in
2013. These achievements include exceeding the high-end of our Q4 estimates
and reporting sequential growth despite approximately one and a half fewer
billable days and the effects on our business of Hurricane Sandy. We also
continued to pay down our debt and reduce our leverage ratio.”

Dameris concluded, “We recently kicked off a process to develop a five-year
strategic plan for the company. We have engaged the Parthenon Group to assist
us in this process and expect to review key aspects of our strategic plan with
our shareholders and employees in the second half of the year.”

Sale of Nurse Travel Division

On February 12, 2013, the Company completed the sale of its Nurse Travel
Division for $31.0 million. The Company has agreed to provide certain back
office services during a transitional period. This division accounted for 4.1
percent of pro forma 2012 revenues and 3.4 percent of pro forma 2012 gross
profit and will be reported as discontinued operations in the Form 10-Q
covering the first quarter of 2013.

Fourth Quarter 2012 Results

Revenues were $401.7 million, up 148 percent year-over-year and 3.4 percent on
a sequential basis. Excluding Nurse Travel, revenues were $380.4 million, up
157 percent year-over-year and 1.6 percent sequentially. Apex Systems, which
was acquired on May 15, 2012, accounted for $207.6 million, or 51.7 percent,
of total revenues for the quarter. The Company’s other segments reported
combined year-over-year revenue growth of 20.0 percent (16.8 percent without
Nurse Travel).

Gross profit was $121.3 million, up 126 percent year-over-year and 1.9 percent
sequentially. Excluding Nurse Travel, gross profit was $115.6 million, up 131
percent year-over-year and flat sequentially. The year-over-year growth was
primarily due to the inclusion of Apex Systems, which accounted for $56.8
million, or 46.8 percent, of total gross profit and the year-over-year revenue
growth of the other business segments. Gross margin was 30.2 percent compared
with 33.1 percent for the fourth quarter of 2011. The year-over-year
compression in gross margin was attributable to the inclusion of Apex Systems,
which has a lower gross margin than the Company’s other business segments.
Excluding Apex Systems, the combined gross margin for the other business
segments was 33.2 percent, up slightly from the 33.1 percent in the fourth
quarter of 2011.

Selling, general and administrative expenses (excludes amortization of
intangible assets) were $82.7 million, up from $79.2 million in Q3 and below
the high-end of our estimates for the quarter. The sequential increase
included costs of added headcount and other expenses in the operating
divisions to drive growth in 2013 and in the corporate departments to enhance
our platform to support the larger organization.

Amortization of intangible assets (which is not included in SG&A) was $11.9
million, up from $3.3 million in Q3. The increase was attributable to
adjustments made in Q4 for differences between the finalized asset valuation
and amortization rates for the customer relationship intangible asset related
to the acquisition of Apex Systems and the preliminary determinations
reflected in Q2 and Q3. These adjustments are on a retrospective basis to the
purchase date and Q4 includes an adjustment of $5.0 million related to Q2 and
Q3. The customer relationship asset final valuation was $92.1 million and is
being amortized on an accelerated basis over a 10-year period using the
customer relationship attrition rate used in valuing the asset.

Adjusted EBITDA (earnings before interest, taxes, depreciation, and
amortization of identifiable intangible assets plus equity-based compensation
expense, impairment charges and acquisition-related costs), was $44.3 million,
up from $17.7 million in the fourth quarter of 2011 and down from the $45.5
million in the third quarter of 2012. The Adjusted EBITDA margin (Adjusted
EBITDA as a percentage of revenues) was 11.0 percent compared with 10.9
percent for the fourth quarter of 2011 and 11.7 percent in the third quarter
of 2012 (which had included $1.0 million benefit from the write-down of an
earnout obligation).

The effective tax rate for the quarter was 45.4 percent compared with 42.3
percent for Q3 2012. The increase in the effective tax rate related to higher
than expected meals and entertainment expense (which are subject to a 50
percent disallowance) from Apex Systems and the effects of full valuation
allowances on deferred tax assets of certain of our foreign subsidiaries. This
higher rate resulted in approximately $0.6 million increase ($0.01 per share)
in the provision for income taxes. The effective tax rate for the full year is
43.1 percent, up from 41.4 percent in 2011 mainly due to the inclusion of Apex
Systems.

Net income was $11.3 million ($0.21 per diluted share) compared with $7.5
million (0.20 per diluted share) for the fourth quarter of 2011. Income before
income taxes included approximately $0.7 million ($0.01 per diluted share) in
non-recurring acquisition costs. The $8.4 million increase in amortization
expense on the customer relationship intangible asset discussed above, reduced
net income $5.1 million ($0.10 per diluted share).

Financial Estimates for 2013

On Assignment is providing financial estimates for the first quarter and full
year 2013. These estimates do not include any operating results from our Nurse
Travel division (including the gain on the sale), acquisition-related costs or
any expenses related to our strategic planning project. Those estimates
follow:

First Quarter 2013

  *Revenues of $375 million to $380 million
  *Gross Margin of 29.4 percent to 29.7 percent
  *SG&A (excludes amortization of intangible assets) of $83 to $85 million
    (includes $2.0 million in depreciation and $2.6 million in equity-based
    compensation expense)
  *Amortization of intangible assets of $5.4 million
  *Adjusted EBITDA of $31 million to $34 million
  *Effective tax rate of 43 percent
  *Net income of $8.8 million to $10.5 million
  *Earnings per diluted share of $0.16 to $0.19
  *Diluted shares outstanding of 54.2 million

The Q1 estimates reflect normal seasonality in the business in which gross
margins are lower sequentially due the reset of payroll taxes and SG&A
expenses are higher sequentially due to headcount added in Q4 and Q1 to drive
revenue growth for the year. The estimates assume year-over-year revenue
growth of approximately 11 percent for Apex Systems, low teens for Oxford, a
slight contraction for Life Sciences, low single digits for Physician Staffing
and mid-to-high teens for Allied Healthcare. The estimates above assume no
deterioration in the staffing markets that On Assignment serves.

Full Year 2013

  *Revenues of $1,605 million to $1,660 million
  *Gross Margin of 30.3 percent to 30.5 percent
  *SG&A (excludes amortization of intangible assets) of $350 to $375 million,
    which includes $9.0 million in depreciation and $14.5 million in
    equity-based compensation expense
  *Amortization of intangible assets of $21.0 million
  *Adjusted EBITDA of $164 million to $170 million
  *Effective tax rate of 43 percent
  *Net income of $56 million to $60 million
  *Earnings per diluted share of $1.02 to $1.09
  *Diluted shares outstanding of 55 million

The estimates assume year-over-year revenue growth of 10 to 15 percent for
Technology (Apex Systems and Oxford), 8 to 10 percent for Life Sciences,
approximately 11 percent for Physician Staffing and mid-to-high teens for
Allied Healthcare. The estimates above assume no deterioration in the staffing
markets On Assignment serves.

On Assignment will hold a conference call today at 1:30 p.m. PST (4:30 EST) to
review its fourth quarter financial results. The dial-in number is
877-837-4158 (+1-281-913-8521 for callers outside the United States) and the
conference ID number is 87843435. Participants should dial in ten minutes
before the call. A replay of the conference call will be available beginning
today at 4:30 p.m. PST and ending midnight EST on Thursday, February 28, 2013.
The access number for the replay is 855-859-2056 (1+404-537-3406 for callers
outside the United States) and the conference ID number 87843435.

This call is being webcast byThomson/CCBN and can be accessed via On
Assignment’s web site at www.onassignment.com. Individual investors can also
listen atThomson/CCBN's site at www.fulldisclosure.com or by visiting any of
the investor sites inThomson/CCBN's Individual Investor Network.

About On Assignment

On Assignment, Inc. (NYSE: ASGN), is a leading global provider of in-demand,
skilled professionals in the growing technology, healthcare and life sciences
sectors, where quality people are the key to success.The Companygoes beyond
matching résumés with job descriptions to match people they know into
positions they understand for temporary, contract-to-hire, and direct hire
assignments. Clients recognize On Assignment for their quality candidates,
quick response, and successful assignments. Professionals think of On
Assignment as career-building partners with the depth and breadth of
experience to help them reach their goals.

On Assignment was founded in 1985 and went public in 1992. The corporate
headquarters are located in Calabasas, California, with a network of
approximately 131 branch offices throughout the United States, Canada, United
Kingdom, Netherlands, Ireland and Belgium. Additionally, physicianplacements
are made in Australia and New Zealand. To learn more, visit
http://www.onassignment.com.

Reasons for Presentation of Non-GAAP Financial Measures

Statements made in this release and the Supplemental Financial Information
accompanying this release include non-GAAP financial measures. Such
information is provided as additional information, not as an alternative to
our consolidated financial statements presented in accordance with GAAP, and
is intended to enhance an overall understanding of our current financial
performance. The Supplemental Financial Information sets forth financial
measures reviewed by our management to evaluate our operating performance.
Such measures also are used to determine a portion of the compensation for
some of our executives and employees. We believe the non-GAAP financial
measures provide useful information to management, investors and prospective
investors by excluding certain charges and other amounts that we believe are
not indicative of our core operating results. These non-GAAP measures are
included to provide management, our investors and prospective investors with
an alternative method for assessing our operating results in a manner that is
focused on the performance of our ongoing operations and to provide a more
consistent basis for comparison between quarters. One of the non-GAAP
financial measures presented is EBITDA (earnings before interest, taxes,
depreciation, and amortization of identifiable intangible assets), other terms
include Adjusted EBITDA (EBITDA plus equity-based compensation expense,
impairment charges and acquisition related costs) and Net Income Before
Acquisition Related Costs (Net Income plus acquisition related expenses,
deferred financing fees written –off and non-recurring financing fees, net of
tax). These terms might not be calculated in the same manner as, and thus
might not be comparable to, similarly titled measures reported by other
companies. The financial statement tables that accompany this press release
include reconciliation of each non-GAAP financial measure to the most directly
comparable GAAP financial measure.

Safe Harbor

Certain statements made in this news release are “forward-looking statements”
within the meaning of Section21E of the Securities Exchange Act of 1934, as
amended, and involve a high degree of risk and uncertainty. Forward-looking
statements include statements regarding the Company’s anticipated financial
and operating performance in 2012. All statements in this release, other than
those setting forth strictly historical information, are forward-looking
statements. Forward-looking statements are not guarantees of future
performance, and actual results might differ materially. In particular, the
Company makes no assurances that the estimates of revenues, gross margin,
SG&A, Adjusted EBITDA, net income, earnings per share or earnings per diluted
share set forth above will be achieved. Factors that could cause or contribute
to such differences include actual demand for our services, our ability to
attract, train and retain qualified staffing consultants, our ability to
remain competitive in obtaining and retaining temporary staffing clients, the
availability of qualified temporary nurses and other qualified temporary
professionals, management of our growth, continued performance of our
enterprise-wide information systems, and other risks detailed from time to
time in our reports filed with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for the year ended December 31, 2011,
as filed with the SEC on March 14, 2012 and our Forms 10-Q for the quarterly
periods ended March 31, 2012, June 30, 2012 and September 30, 2012 as filed
with the SEC on May 9, 2012, July 30, 2012 and November 8, 2012, respectively.
We specifically disclaim any intention or duty to update any forward-looking
statements contained in this news release.

                                                         
                                                             
SUMMARY CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(In thousands, except per share amounts)
                                                             
                   Three Months Ended                        Year Ended
                   December 31,              September     December 31,
                                               30,
                   2012         2011         2012          2012           2011
                                                                             
Revenues           $ 401,659     $ 161,790     $ 388,283     $ 1,239,705     $ 597,281
Cost of             280,377     108,161     269,244     855,382       397,176 
services
Gross profit         121,282       53,629        119,039       384,323         200,105
Selling,
general and
                     82,743        39,447        79,223        273,528         153,360
administrative
expenses
Amortization
of intangible       11,857      713         3,320       18,016        2,346   

assets
                                                                             
Operating            26,682        13,469        36,496        92,779          44,399
income
Interest             (5,947  )     (711    )     (6,317  )     (17,872   )     (2,975  )
expense
Interest            10         ―             33          49            39      
income
Income before
income               20,745        12,758        30,212        74,956          41,463

taxes
Provision for       9,423       5,257       12,779      32,303        17,166  
income taxes
Net income         $ 11,322     $ 7,501      $ 17,433     $ 42,653       $ 24,297  
Earnings per
share:
Basic              $ 0.22       $ 0.20       $ 0.33       $ 0.91         $ 0.66    
Diluted            $ 0.21       $ 0.20       $ 0.33       $ 0.89         $ 0.64    
Number of
shares and

share
equivalents
used to

calculate
earnings per

share:
Basic               52,581      36,903      52,131      46,739        36,876  
Diluted             53,680      37,773      53,162      47,826        37,758  
                                                                                       
                                                                                       

                                                   
                                                       
SUPPLEMENTAL SEGMENT FINANCIAL INFORMATION (Unaudited)

(In thousands)
                                                       
                 Three Months Ended                    Year Ended
                 December 31,           September     December 31,
                                         30,
                 2012       2011        2012          2012         2011
Revenues:
Technology –
Apex             $ 207,576   $ ―         $  202,664    $ 508,743     $ ―
Oxford            90,410     71,230      88,104      345,380      266,742
                   297,986     71,230       290,768      854,123       266,742
                                                                     
Life               40,293      40,921       40,646       162,799       155,324
Sciences
Healthcare         37,308      25,927       29,390       120,104       94,598
Physician         26,072     23,712      27,479      102,679      80,617
                 $ 401,659   $ 161,790   $  388,283    $ 1,239,705   $ 597,281
                                                                     
Gross
profit:
Technology –
Apex             $ 56,752    $ ―         $  56,934     $ 140,669     $ ―
Oxford            31,777     25,484      31,250      122,043      94,967
                   88,529      25,484       88,184       262,712       94,967
                                                                     
Life               14,225      13,618       14,002       55,874        52,643
Sciences
Healthcare         10,660      7,395        8,483        34,282        26,637
Physician         7,868      7,132       8,370       31,455       25,858
                 $ 121,282   $ 53,629    $  119,039    $ 384,323     $ 200,105
                                                                       
                                                                       

                                                       
                                                           
SELECTED CASH FLOW INFORMATION (Unaudited)

(In thousands)
                                                           
                      Three Months Ended                   Year Ended
                      December 31,        September 30,   December 31,
                      2012      2011      2012            2012      2011
Cash (used in)
provided              $ 26,059   $ 8,365   $    23,531     $ 40,698   $ 23,419

by operations
Capital               $ 3,471    $ 2,365   $    3,712      $ 14,354   $ 8,411
expenditures
                                                                        

                                                             
SELECTED CONSOLIDATED BALANCE SHEET DATA (Unaudited)

(In thousands)
                                                                 
                                       December 31,              September 30,
                                       2012         2011        2012
Cash and cash equivalents              $ 27,479      $ 17,739    $  13,873
Accounts receivable, net                 243,003       93,925       247,731
Goodwill and intangible assets,          763,239       259,440      772,598
net
Total assets                             1,099,064     410,665      1,098,935
Current portion of long-term debt        10,000        5,000        10,000
Total current liabilities                119,770       56,409       129,480
Working capital                          173,987       74,705       155,414
Long-term debt                           416,588       81,750       429,088
Other long-term liabilities              29,983        25,763       23,912
Stockholders’ equity                     532,723       246,743      516,455
                                                                    
                                                                    

                     
                        
RECONCILIATION OF GAAP NET INCOME AND EARNINGS PER SHARE TO NON-GAAP
ADJUSTED EBITDA AND ADJUSTED EBITDA PER DILUTED SHARE (Unaudited)

(In thousands, except per share amounts)
                        
                        Three Months Ended
                        December 31,                           September 30,
                        2012               2011                2012
Net income              $ 11,322  $ 0.21   $ 7,501   $ 0.20   $ 17,433  $ 0.33
Interest expense,         5,937      0.11     711        0.02     6,284      0.12
net
Provision for             9,423      0.18     5,257      0.14     12,779     0.24
income taxes
Depreciation              1,860      0.03     1,594      0.04     1,817      0.03
Amortization of          11,857    0.22    713       0.02    3,320     0.06
intangibles
EBITDA                    40,399     0.75     15,776     0.42     41,633     0.78
Equity-based              3,132      0.06     1,843      0.05     3,075      0.06
compensation
Acquisition-related      730       0.01    64        0.00    784       0.01
costs
Adjusted EBITDA         $ 44,261   $ 0.82   $ 17,683   $ 0.47   $ 45,492   $ 0.86 (1 )
                                                                                  
Weighted average
common and common
equivalent shares        53,680             37,773             53,162
outstanding
(diluted)
                                                                                  

                        Year Ended
                           December 31,
                           2012                    2011
Net income                 $ 42,653    $ 0.89       $ 24,297   $ 0.64
Interest expense,            17,823        0.37         2,936        0.08
net
Provision for income         32,303        0.68         17,166       0.45
taxes
Depreciation                 6,686         0.14         6,505        0.17
Amortization of             18,016       0.38        2,346       0.06
intangibles
EBITDA                       117,481       2.46         53,250       1.41
Equity-based                 9,706         0.20         6,927        0.18
compensation
Acquisition-related         10,568       0.22        1,056       0.03
costs
Adjusted EBITDA            $ 137,755     $ 2.88       $ 61,233     $ 1.62 (1 )
                                                                          
Weighted average
common

and common                  47,826                    37,758
equivalent

shares outstanding
(diluted)
_______

(1) Does not foot
due to rounding
                                                                          
                                                                          

                     
                        
RECONCILIATION OF GAAP NET INCOME AND EARNINGS PER SHARE TO NET
INCOME BEFORE ACQUISITION-RELATED COSTS AND EARNINGS PER SHARE
BEFORE ACQUISITION-RELATED COSTS (Unaudited)

(In thousands, except per share amounts)
                        
                        Three Months Ended
                        December 31,                           September 30,
                        2012               2011                2012
Net income              $ 11,322  $ 0.21   $ 7,501   $ 0.20   $ 17,433  $ 0.33
Acquisition-related
costs, net of            126      ―         38        0.00    649       0.01
income taxes
Net income before
                        $ 11,448   $ 0.21   $ 7,539    $ 0.20   $ 18,082   $ 0.34
acquisition-related
costs
                                                                           
Weighted average
common and common
equivalent shares        53,680            37,773             53,162   
outstanding
(diluted)
                                                                           

                                       Year Ended
                                         December 31,
                                         2012               2011
Net income                               $ 42,653  $ 0.89   $ 24,297  $ 0.64
Non-recurring charges related to           701        0.01   ―          ―
refinancing, net of income taxes
Acquisition-related costs, net of         6,014     0.13    605       0.02
income taxes
Net income before                        $ 49,368   $ 1.03   $ 24,902   $ 0.66
acquisition-related costs
                                                                        
Weighted average common and common
equivalent shares outstanding             47,826            37,758
(diluted)
                                                                        
                                                                        

                                                                                                                                    
                                                                                                                                               
SUPPLEMENTAL FINANCIAL INFORMATION – REVENUES AND GROSS MARGINS (Unaudited)

(Dollars in thousands)
                                                                                                                                               
                                                                                                                                               
                   Technology                                                     Healthcare
                   Apex          Oxford       Total           Life            Allied       Nurse        Total          Physician       Consolidated
                                                                  Sciences        Healthcare     Travel
Revenues:
Q4 2012            $ 207,576       $ 90,410       $ 297,986       $ 40,293        $ 16,056       $ 21,252       $ 37,308       $ 26,072        $  401,659
Q3 2012            $ 202,664       $ 88,104       $ 290,768       $ 40,646        $ 15,594       $ 13,796       $ 29,390       $ 27,479        $  388,283
% Sequential         2.4     %       2.6    %       2.5     %       (0.9   %)       3.0    %       54.0   %       26.9   %       (5.1   %)        3.4     %
change
Q4 2011            ―               $ 71,230       $ 71,230        $ 40,921        $ 12,166       $ 13,761       $ 25,927       $ 23,712        $  161,790
%
Year-over-year     ―                 26.9   %       N/M             (1.5   %)       32.0   %       54.4   %       43.9   %       10.0   %         148.3   %
change
                                                                                                                                               
Gross margins:
Q4 2012              27.3    %       35.1   %       29.7    %       35.3   %        31.2   %       26.6   %       28.6   %       30.2   %         30.2    %
Q3 2012              28.1    %       35.5   %       30.3    %       34.4   %        32.5   %       24.8   %       28.9   %       30.5   %         30.7    %
Q4 2011            ―                 35.8   %       35.8    %       33.3   %        32.2   %       25.3   %       28.5   %       30.1   %         33.1    %
                                                                                                                                               
Average number
of staffing
consultants:
Q4 2012              658             547            1,205           178             86             45             131            108              1,622
Q3 2012              650             512            1,162           166             83             42             125            103              1,556
Q4 2011            ―                 478            478             167             78             37             115            95               855
_______
N/M – not meaningful



                                                                                                                               
                                                                                                                                          
SUPPLEMENTAL FINANCIAL INFORMATION – KEY METRICS (Unaudited)
                                                                                                                                          
                 Technology                                                  Healthcare
                 Apex         Oxford       Total          Life           Allied       Nurse         Total          Physician      Consolidated
                                                              Sciences       Healthcare     Travel
Average
number of
customers:
Q4 2012            606            651            1,257          934            519            131             650            180             3,021
Q3 2012            607            650            1,257          928            529            142             671            194             3,050
Q4 2011          ―                606            606            945            493            128             621            171             2,343
                                                                                                                                          
Top 10
customers as
a percentage
of revenue:
Q4 2012            34.4   %       15.8   %       24.7   %       23.3   %       30.6   %       30.6    %       24.3   %       22.1   %        18.3    %
Q3 2012            33.2   %       15.5   %       23.5   %       22.6   %       29.4   %       34.7    %       23.4   %       19.2   %        17.6    %
Q4 2011          ―                13.8   %       13.8   %       23.0   %       24.4   %       30.7    %       20.3   %       23.7   %        8.3     %
                                                                                                                                          
Average bill
rate:
Q4 2012          $ 58.7         $ 122.2        $ 69.5         $ 35.1         $ 37.5         $ 67.8          $ 47.4         $ 184.6        $  63.6
Q3 2012          $ 59.1         $ 120.2        $ 69.4         $ 35.2         $ 37.2         $ 68.3          $ 46.7         $ 181.6        $  63.5
Q4 2011          ―              $ 116.3        $ 116.3        $ 35.1         $ 35.7         $ 71.3          $ 47.4         $ 179.0        $  66.7
                                                                                                                                          
Gross profit
per staffing
consultants:
Q4 2012          $ 86,000       $ 58,000       $ 73,000       $ 80,000       $ 58,000       $ 126,000       $ 82,000       $ 73,000       $  75,000
Q3 2012          $ 88,000       $ 61,000       $ 76,000       $ 84,000       $ 61,000       $ 81,000        $ 68,000       $ 82,000       $  76,000
Q4 2011          ―              $ 53,000       $ 53,000       $ 82,000       $ 50,000       $ 93,000        $ 64,000       $ 75,000       $  63,000
                                                                                                                                                     
                                                                                                                                                     

                             
                                
SUPPLEMENTAL FINANCIAL INFORMATION – KEY METRICS (Unaudited)
                                
                                
                                Three Months Ended
                                December 31,     September 30,
                                              
                                2012             2012
Percentage of revenues:
Top ten clients                    18.3   %         17.6    %
Direct hire/conversion             1.7    %         1.9     %
                                                 
Bill rate:
% Sequential change                0.1    %         (2.2    %)
% Year-over-year change            (4.6   %)        (3.2    %)
                                                 
Bill/Pay spread:
% Sequential change                (0.2   %)        (4.7    %)
% Year-over-year change            (12.9  %)        (12.0   %)
                                                 
Average headcount:
Contract professionals (CP)        11,987           11,871
Staffing consultants (SC)          1,622            1,556
                                                 
Productivity:
Gross profit per SC             $  75,000        $  76,000
                                                            

Contact:

On Assignment, Inc.
Ed Pierce
Chief Financial Officer
(818) 878-7900
 
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