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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 24, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to______ Commission File Number: 0-32113 RESOURCES CONNECTION, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 33-0832424 (State or O ...

Resources Connection, Inc. (NASDAQ:RGP) Q3 2024 Results Conference Call April 3, 2024 5:00 PM ET Company Participants Kate Duchene - CEO Jenn Ryu - CFO Conference Call Participants Mark Marcon - Baird Andrew Steinerman - JPMorgan Marc Riddick - Sidoti Operator Good afternoon, ladies and gentlemen, and welcome to Resources Connections, Inc. Conference Call. Currently, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. As ...

Third Quarter Fiscal 2024 Highlights Compared to the Prior Year Quarter: Resources Connection, Inc. Reports Financial Results for Third Quarter Fiscal 2024 IRVINE, Calif., April 3, 2024 – Resources Connection, Inc. (Nasdaq: RGP) (the "Company"), a global consulting firm, today announced financial results for its fiscal third quarter ended February 24, 2024. Management Commentary "We delivered solid Adjusted EBITDA and free cash flow conversion in the third quarter. Revenue performance was consistent with ex ...

OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 25, 2023 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to______ Commission File Number: 0-32113 RESOURCES CONNECTION, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 33-0832424 (State or O ...

Financial Data and Key Metrics Changes - The company achieved revenue of $163.1 million, which was in the upper half of the guidance range provided in October [68] - On a same-day constant currency basis, revenue declined by 19% year-over-year due to cautious client spending amid macroeconomic uncertainty [69] - Adjusted EBITDA was $16.1 million, representing a margin of 9.8% [68] - The company generated $54 million of free cash flow over the last 12 months [68] Business Line Data and Key Metrics Changes - The Veracity segment delivered sequential revenue growth, driven by demand for digital transformation services [46] - The Northern California market showed positive growth, while other major markets remained cautious [47] - The pricing initiative in the U.S. resulted in a 1.3% increase in bill rates year-over-year [48] Market Data and Key Metrics Changes - Europe and Asia-Pacific regions performed better with modest declines of 9% and 10% year-over-year, respectively [70] - Markets such as Switzerland, India, and the Philippines grew both year-over-year and sequentially, attributed to project opportunities with large strategic clients [70] - The company experienced an uptick in in-person client meetings across all geographies, indicating increased client engagement [51] Company Strategy and Development Direction - The company is focused on diversifying its business to follow higher-margin and higher-growth opportunities, particularly in consulting [26] - The acquisition of CloudGo is part of the strategy to enhance capabilities in digital transformation [76] - The company aims to build talent pools globally to quickly assemble blended delivery teams, enhancing competitiveness [58] Management's Comments on Operating Environment and Future Outlook - Management noted that the macro environment remains sluggish, with clients seeking more clarity around economic conditions [4] - There is cautious optimism regarding revenue conversion in 2024, particularly in healthcare and digital transformation sectors [53] - The company is prepared to capitalize on opportunities as macro conditions improve [85] Other Important Information - The company ended the fiscal quarter with $95.8 million in cash and cash equivalents and zero outstanding debt [78] - The technology transformation project is progressing, with plans to launch new systems in North America [79] - The company has a disciplined capital allocation strategy, focusing on impactful areas of the business [78] Q&A Session Summary Question: What are the expectations for headcount and adjustments needed? - The consultant headcount at the end of the quarter did not decrease significantly, with an average decrease of 300 to 400 year-over-year [24] Question: Can you discuss the acquisition pipeline and cash uses? - The company is building diversification in its business and looking at additional consulting assets to drive strategy forward [26] Question: What are the expectations for client budgets in 2024? - There is still opportunity around digital transformation and cloud ERP, with ongoing discussions about divestiture strategies in Europe [32]

Resources Connection, Inc. (NASDAQ:RGP) Q1 2024 Earnings Conference Call October 4, 2023 5:00 PM ET Company Participants Kate Duchene - CEO Jenn Ryu - CFO Conference Call Participants Andrew Steinerman - JPMorgan Marc Riddick - Sidoti Operator Good afternoon, ladies and gentlemen, and welcome to the Resources Connection, Inc. Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. At this time, I would like to remind everyone that management will be commenting on resu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 26, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to______ Commission File Number: 0-32113 RESOURCES CONNECTION, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 33-0832424 (State or Oth ...

Table of Contents OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 0-32113 ________________________ Form 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 27, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ________________________ RESOURCES CONNECTION, INC. (Exact Name of Registrant as Specified in It ...