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On Assignment Reports Results for Fourth Quarter and Full-Year 2013

On Assignment Inc. News Release (02/19/14)

On Assignment Inc. reported revenues of $423.6 million for the fourth quarter of 2013, up 14.7% from $369.4 million in the fourth quarter of 2012. Net income totaled $32.4 million, up 128.0% from $14.2 million in the year-ago period. For all of 2013, the company reported revenues of $1.63 billion, up 43.0% from $1.14 billion in 2012. Net income totaled $84.5 million for the year, up 98.0% from $42.7 million in 2012.

By segment, the company reported fourth-quarter revenues of $249.9 million for Apex, up 20.0% from $207.6 million; $101.8 million for Oxford, up 6.6% from $95.5 million; $45 million for life sciences, up 11.7% from $40.3 million; and $26.8 million for physician, up 2.7% from $26.1 million. For the full year, revenues totaled $942.5 million for Apex, up 85.0% from $508.7 million in 2012; $412.2 million for Oxford, up 13.0% from $363.8 million; $171.5 million for life sciences, up 5.0% from $162.8 million; and $105.8 million for physician, up 3.0% from $102.7 million.