Table of Contents | --- | --- | |--------------------------------------------------------------------------------------------------------|-------| | | | | UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 | | | ____________________________________________________________________________________________ FORM 10-Q | | (Mark One) xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 24, 2024 OR oTRANSITION REPORT PURSU ...

Core Insights - Resources Connection's recent quarterly earnings report revealed a significant decline in both revenue and profitability, leading to a nearly 12% drop in share price, contrasting with the flat performance of the S&P 500 index [1][2] - The company reported first-quarter fiscal 2025 revenue of approximately $137 million, a nearly 20% decrease year-over-year, and a net loss of over $5.7 million compared to a profit of $3.1 million in the same quarter last year [3][4] - The decline in revenue was primarily attributed to a 33% drop in its on-demand talent segment, which experienced a more than 30% decrease in billable hours, causing it to fall behind consulting activities in revenue generation [5] Company Performance - Resources Connection's core fundamentals fell short of analyst expectations, with projected revenue of slightly over $146 million and adjusted net income of $0.02 per share [5] - Management expressed optimism regarding a recently implemented restructuring program aimed at better aligning business segments with internal management and financial reporting, indicating a need to demonstrate effectiveness in driving growth [6]

Resources Connection, Inc. (NASDAQ:RGP) Q1 2025 Earnings Conference Call October 1, 2024 5:00 PM ET Company Participants Kate Duchene - Chief Executive Officer Bhadresh Patel - Chief Operating Officer Jenn Ryu - Chief Financial Officer Conference Call Participants Joe Gomes - Noble Capital Marc Riddick - Sidoti Operator Good afternoon, ladies and gentlemen, and welcome to the Resources Connection, Inc. Conference Call. Currently, all participants are in a listen-only mode. Later, we will conduct a question- ...

Resources Connection (RGP) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this consulting company would post earnings of $0.10 per share when it actually produced earnings of $0.28, delivering a surprise of 180%. Over the last four quarters, the company ha ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Resources Connection (RGP) reports results for the quarter ended August 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 1, 2024, might help the stock move higher if these key numbers are better t ...

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. One stock to keep an eye on is Resources Connection (RGP) . RGP is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 10.43, which compares to its industry's average of 15.87. ...

As noted above, in November 2023, we acquired CloudGo. Headquartered in Singapore, CloudGo is a digital transformation firm and a fast growing Elite ServiceNow Partner. CloudGo has been integrated into Veracity's digital business and we believe that it will continue to accelerate the expansion of our digital presence across the Asia Pacific region. See Note 3 – Acquisitions and Dispositions in the Notes to Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K for f ...

Resources Connection, Inc. (NASDAQ:RGP) Q4 2024 Earnings Conference Call July 18, 2024 5:00 PM ET Company Participants Kate Duchene - Chief Executive Officer Bhadresh Patel - Chief Operating Officer Jenn Ryu - Chief Financial Officer Conference Call Participants Joe Gomes - Noble Capital Markets Andrew Steinerman - JPMorgan Mark Marcon - Baird Operator Good afternoon, ladies and gentlemen, and welcome to the Resources Connections, Inc. Conference Call. Currently, all participants are in a listen-only mode. ...

This quarterly report represents an earnings surprise of 180%. A quarter ago, it was expected that this consulting company would post a loss of $0.01 per share when it actually produced earnings of $0.17, delivering a surprise of 1,800%. Resources Connection, which belongs to the Zacks Staffing Firms industry, posted revenues of $148.2 million for the quarter ended May 2024, surpassing the Zacks Consensus Estimate by 5.61%. This compares to year-ago revenues of $184.45 million. The company has topped consen ...

The Company uses certain non-GAAP financial measures to assess our financial and operating performance that are not defined by or calculated in accordance with accounting principles generally accepted in the U.S. ("GAAP") to assess our financial and operating performance. A non-GAAP financial measure is defined as a numerical measure of a company's financial performance that (i) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the comparable meas ...