Corporate Profile for On Assignment Inc., dated Dec. 18, 1998.CALABASAS, Calif.--(BUSINESS WIRE)--Dec. 18, 1998--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Dec. 18, 1998
Company Name: On Assignment Inc.
Address: 26651 West Agoura Rd.
Calabasas, Calif. 91302
Main Telephone
Number: 818/878-7900
Internet Home
Page Address
(URL) www.assignment.net
Chief Executive
Officer: H. Tom Buelter
Chief Financial
Officer: Ronald W. Rudolph
Investor Relations
Contact: Brenda Iazzetta
Business number: 818/878-3136
Trading Symbol/
Exchange: Nasdaq/NM:ASGN
Industry: Staffing company
Company description: On Assignment, Inc. is a leading provider of professional and technical employees for long- and short-term assignments. The Company operates three divisions: Its flagship division, Lab Support, provides scientific professionals to laboratories in the pharmaceutical, biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. , chemical, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , and petrochemical industries. Healthcare Financial Staffing provides admitting, billing and collections professionals to hospitals, physician's offices, clinics, medical billing offices, home health providers and insurance companies. The third division, EnviroStaff, provides environmental, health and safety, and industrial hygiene professionals to manufacturing companies in the specialty chemical A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. , consumer products and environmental industries. On Assignment's Account Manager system is backed by strong corporate support and is effective in quickly matching Knowledge Workers and clients to make Quality Assignments. For the fiscal year ended December 31, 1997, revenue was a record $107.9 million, up 22 percent; operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before increased 34 percent to $12.4 million; net income increased from $5.9 million (before acquisition costs) to $8.3 million, up 41 percent; diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of increased from $0.54 per share (before acquisition costs) to $0.75 per share; and shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. increased 42 percent to $39.3 million. On Assignment's branch network encompasses 112 branches in 54 operational markets across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. |
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