Financial Data and Key Metrics Changes - The company achieved record Q3 revenue of $204.6 million, representing a 32% year-over-year growth and exceeding the high end of guidance [6][38] - Adjusted EBITDA more than doubled to $22.5 million, with an adjusted EBITDA margin of 11%, a 490 basis-point increase from the prior year [6][38] - The effective tax benefit rate for the quarter was 12.7%, with a discrete tax benefit of $7.5 million recognized [47][48] Business Line Data and Key Metrics Changes - Professional staffing revenue increased by 43% year-over-year, while project consulting revenue grew by 25% [39] - Revenue from strategic client accounts rose by 23% compared to the prior year quarter [39] - Solution offerings in finance and accounting, and business transformation grew by 42% and 36% year-over-year, respectively [40] Market Data and Key Metrics Changes - Revenue in North America improved by 36% year-over-year and 6% sequentially [41] - In Europe, revenue grew by 6% year-over-year, with a 6% deceleration compared to Q2 [42] - Asia Pacific revenue grew by 24% on a same-day constant currency basis [43] Company Strategy and Development Direction - The company is focused on leveraging the shift towards agile resources and project-based work, which aligns with its core value proposition [22][15] - Upcoming Investor Day will provide deeper insights into macro trends and growth opportunities [15][51] - The company aims to enhance brand clarity and visualize the interconnectivity of services within its ecosystem to drive growth [15] Management's Comments on Operating Environment and Future Outlook - Management noted that the labor market is tightening, leading clients to seek assistance in filling workforce gaps [39] - The company anticipates continued revenue growth, although it expects normalization in the fourth quarter due to seasonal impacts [50] - There is confidence in attracting and retaining professional talent despite a competitive labor market [28][32] Other Important Information - The company maintained its quarterly dividend of $0.14 per share and repurchased $20 million of common stock [48] - A one-time foreign currency gain of $1 million was recognized related to the dissolution of the France entity [46] Q&A Session Summary Question: What are the expectations for revenue growth in the upcoming quarters? - Management expects sequential revenue growth to start to normalize but believes the overall strength in the business remains solid [50] Question: How is the company addressing the talent shortages in the market? - The company is focused on attracting talent by offering flexibility and control, which is increasingly appealing in the current labor market [28][32]

| --- | --- | --- | --- | |-------|-------|------------------------------------|-------| | | | | | | | | | | | | | | | | | | Investor Presentation January 2022 | | | | | | | Within this presentation, we make forward- looking statements regarding future events or future financial performance of the Company. We wish to caution you that such statements are only predictions and actual events or results may differ materially. Please refer to our most recent 10-K report for a discussion of some of the risks and u ...

| --- | --- | --- | --- | |-------|-------|------------------------------------|-------| | | | | | | | | | | | | | | | | | | Investor Presentation January 2022 | | | | | | | Within this presentation, we make forward- looking statements regarding future events or future financial performance of the Company. We wish to caution you that such statements are only predictions and actual events or results may differ materially. Please refer to our most recent 10-K report for a discussion of some of the risks and u ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 27, 2021 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) (State or Other Jurisdiction of Incorporat ...

Financial Data and Key Metrics Changes - Revenue for Q2 reached $200.2 million, representing a 31% year-over-year growth and exceeding the high end of guidance by $10 million [32] - Adjusted EBITDA doubled to nearly $25 million, with an adjusted EBITDA margin of 12.5%, the highest in a decade [8][31] - The effective tax rate for the quarter was 28%, with expectations of a favorable impact from the release of certain valuation allowances in the second half of fiscal '22 [39][64] Business Line Data and Key Metrics Changes - Professional staffing revenue increased by 41% year-over-year, while project consulting revenue grew by 26% [34] - Strategic client accounts grew by 27% year-over-year and 7% sequentially [34] - Digital transformation services, particularly through Veracity, saw a growth rate of 36% year-over-year [34] Market Data and Key Metrics Changes - North America revenue improved by 36% year-over-year, with the tri-state area and California leading growth at 51% and 36% respectively [35] - In Europe, revenue grew by 10% year-over-year, with the UK nearly doubling its revenue from the prior year quarter [35] - Asia-Pacific revenue grew by 18% year-over-year, led by Japan and India [35] Company Strategy and Development Direction - The company is focusing on enhancing its agile talent model to meet the growing demand for flexible workforce solutions [9][21] - The HUGO initiative, a digital engagement platform, is being piloted with plans for broader rollout in the next six months [13][51] - The establishment of an Advisory Board aims to provide strategic insights and enhance market strategies [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sustained revenue growth driven by macro trends favoring agile workforce models and increased project initiatives [7][10] - The company anticipates continued strong performance in Q3, despite typical seasonal impacts and potential Omicron-related disruptions [43][88] - There is a focus on maintaining operational efficiency and controlling fixed costs to improve margins further [28][84] Other Important Information - The company maintained a quarterly dividend of $0.14 per share, reflecting a 3% dividend yield [41] - A new multi-bank credit facility was established, increasing borrowing capacity from $120 million to $175 million [40] Q&A Session Summary Question: HUGO rollout plans and market expansion - Management indicated a six-month timeframe for moving beyond the pilot stage, with potential expansion into Texas and Northern California [51] Question: Wage environment and inflation impact - The average pay rate has only slightly increased, with the agile talent model allowing for continuous market rate evaluations [53][55] Question: Share buyback opportunities - The company recently bought back $20 million in shares and plans to engage in opportunistic buybacks in the future [59] Question: Tax rate outlook - The effective tax rate of 28% is expected to be a good estimate moving forward, with potential benefits from releasing valuation allowances [64] Question: HUGO platform experience and roles filled - Early roles filled include accounting positions, with a focus on ensuring quality control before broader rollout [68][70]

| --- | --- | --- | --- | --- | |-------|-------|--------------|-----------------------|-------| | | | | | | | | | | | | | | | October 2021 | Investor Presentation | | | | | | | | Within this presentation, we make forward- looking statements regarding future events or future financial performance of the Company. We wish to caution you that such statements are only predictions and actual events or results may differ materially. Please refer to our most recent 10-K report for a discussion of some of the risks ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 28, 2021 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) WASHINGTON, DC 20549 FORM 10-Q (Mark One) Delaware 33-0832424 (State or Oth ...

Financial Data and Key Metrics Changes - Revenue for Q1 2022 reached $183.1 million, representing a 25% year-over-year growth and an 8.5% sequential increase, marking the highest revenue in over ten years for a fiscal first quarter [7][44] - Adjusted EBITDA margin improved to 12.2%, up 530 basis points from the previous year, driven by an improved fixed cost structure and strong gross margin performance [9][43] - Adjusted diluted EPS rose to $0.43 per share compared to $0.14 in Q1 of fiscal 2021 [53] Business Line Data and Key Metrics Changes - Strategic client accounts grew by 26% year-over-year, with professional staffing revenue increasing by 36% year-over-year [45] - Revenue growth was consistent across core markets, with North America seeing a 28% year-over-year increase and Veracity growing by 45% year-over-year [46][17] - Europe achieved 10% growth year-over-year, while Asia Pacific experienced a 17% year-over-year revenue increase [47][48] Market Data and Key Metrics Changes - North America led growth with tri-state and California markets growing by 41% and 30% respectively [46] - The demand for contingent talent and a shift towards agile workforce models were identified as significant tailwinds for revenue growth [45][19] Company Strategy and Development Direction - The company is focused on digital transformation, launching the HUGO platform to enhance client and consultant interactions [13][15] - There is an emphasis on pricing discipline and increasing bill rates to capitalize on the tight labor market [11][67] - The company plans to invest in new ERP and talent management systems to improve operational efficiency [54] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued growth, citing strong pipeline activity and a favorable macroeconomic environment [38][56] - The company anticipates a potential impact from seasonal trends and holiday effects on revenue in Q2 [70][92] - Management highlighted the importance of adapting to a hybrid work model, which is expected to be a permanent shift in the industry [34][80] Other Important Information - The effective tax rate improved to 29% from 46% in the prior year, primarily due to better operating results in European entities [52] - The company remains committed to M&A opportunities, particularly in technology and healthcare sectors [94] Q&A Session Summary Question: Clarification on SG&A run rate - Management clarified that the run rate SG&A of $50 million to $53 million excludes stock compensation and restructuring costs [59][62] Question: Impact of HUGO on SG&A and revenue - Management indicated that while HUGO will add to SG&A, it is expected to contribute to revenue, though specifics are still uncertain until the pilot launch [60] Question: Size of Veracity's contribution - Veracity currently accounts for about 5% of overall enterprise revenue [65] Question: Pricing expectations in a tight labor market - Management expects to push through bill rate increases, particularly for new engagements, due to the tight labor market [67][68] Question: Seasonal revenue patterns - Management anticipates some seasonal effects in Q3 due to holidays but believes the strong pipeline may mitigate the impact [91] Question: Digital transformation services contribution - Digital transformation services account for about 10% of the business beyond Veracity, with total digital-related services around 14% to 15% [85][88] Question: Future M&A activity - The company is interested in pursuing M&A opportunities to fill gaps in technology and healthcare capabilities [94]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ________________________ 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 29, 2021 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 It ...

Financial Data and Key Metrics Changes - Q4 revenue reached $172.3 million, reflecting a sequential improvement of 10% and returning to year-over-year growth, exceeding the high end of revenue guidance [7][43] - Adjusted EBITDA for the quarter was $20.7 million, representing a 12% margin, up 600 basis points sequentially and 160 basis points year-over-year [9][43] - Gross margin was 39.6%, down from 40.4% year-over-year, with a pay/bill ratio up 85 basis points year-over-year [49] Business Line Data and Key Metrics Changes - Professional staffing revenue grew sequentially by 4.4%, 5.5%, and 14.4% over the last three quarters, indicating a strong upward trend [45] - Veracity, the digital consulting business, grew 15% sequentially and 36% year-over-year, highlighting the success in technology and digital solutions [46] - Countsy, a finance and HR-as-a-service offering, is also experiencing growth, contributing to the overall revenue expansion [16] Market Data and Key Metrics Changes - North America revenue improved sequentially by 3.8% and 0.8% year-over-year, with growth across most solutions and industry verticals [46] - Europe revenue improved by 11.1% sequentially and 4% year-over-year, driven by a successful integrated global go-to-market approach [48] - Asia Pacific revenue returned to pre-COVID levels by the end of Q4, with a sequential improvement of 4.5% [49] Company Strategy and Development Direction - The company aims to elevate its technology infrastructure globally, focusing on upgrading core ERP and talent acquisition systems to enhance efficiency [12] - Plans to commercialize digital strategies include driving more digital transformation revenue and launching HUGO, a digital engagement platform [13][14] - The company is focused on improving adjusted EBITDA performance through disciplined management of costs and enhancing the utilization and pricing of salaried consultants [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about Q1 fiscal 2022, expecting another strong quarter due to easier comparisons and improved execution capabilities [10] - Positive macro trends indicate a rebound in CEO confidence and an increase in transformation projects and capital expenditures [21] - The shift towards a more agile workforce model is expected to continue, with increased demand for variable workforce solutions [29] Other Important Information - The company reduced its cost structure by $26 million or 12% in fiscal 2021 and plans to continue eliminating expenses in a digital environment [17] - The company has a strong balance sheet, generating positive cash flow and paying down $45 million of outstanding debt [56] Q&A Session Summary Question: What is the pricing environment expected to look like in fiscal 2022? - Management indicated that while there are opportunities for higher bill rates, they are closely monitoring the pay rate side to maintain margins [66] Question: Can you break down results between project consulting and professional staffing? - The historical split is roughly 60-30, with professional staffing now at about 33% due to its growth [67] Question: How much has the pipeline grown over the past six months? - The pipeline has grown over 20% from Q2 to Q4, with conversion rates remaining consistent [69] Question: What are clients' primary digital agendas today? - Clients are focused on accelerating collaboration and automating processes, with significant demand for ServiceNow-certified personnel [72][74] Question: What is the medium-term organic revenue growth profile? - The company anticipates organic revenue growth between 8% and 14% over the next two to four years [77] Question: How is the company addressing the competitive landscape with the Big Four? - Management believes that the shift in workforce strategies will favor their flexible model over traditional partnerships [79] Question: What is the outlook for SG&A expenses? - SG&A is expected to increase due to revenue growth and travel expenses, but will remain at about 50% of pre-COVID levels [106]