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On Assignment Reports Results for Second Quarter of 2014

On Assignment Inc. News Release (07/30/14)

On Assignment Inc. reported revenues of $468.6 million for the second quarter of 2014, up 14.9% from $407.9 million in the second quarter of 2013. Net income totaled $20.8 million, up 185% from net income of $7.3 million in the year-ago quarter.

The company reported revenues of $297.9 million for its Apex segment, up 13.6% from $262.3 million in the 2013 second quarter; $126 million for its Oxford segment, up 15.4% from $109.2 million; $33.7 million for its physician staffing segment, up 27.2% from $26.5 million; and $11.1 million for its life sciences Europe segment, up 12.1% from $9.9 million.

“Regarding industry dynamics, during and exiting the second quarter, secular trends continue to permit temporary labor to see greater growth prospects than the full-time labor market,” said Peter T. Dameris, On Assignment’s president and chief executive officer.