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Resources nection(RGP) - 2021 Q3 - Quarterly Report
2021-04-08 18:35
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 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) Delaware 33-0832424 (State or O ...
Resources nection(RGP) - 2021 Q3 - Earnings Call Transcript
2021-04-08 02:56
Resources Connection, Inc. (NASDAQ:RGP) Q3 2021 Earnings Conference Call April 7, 2021 5:00 PM ET Company Participants Kate Duchene - CEO Tim Brackney - COO Jenn Ryu - CFO Conference Call Participants Josh Vogel - Sidoti Andre Childress - Baird Andrew Steinerman - JPMorgan Operator Good afternoon, ladies and gentlemen, and welcome to the Resources Connection, Inc. Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions ...
Resources Connection (RGP) Investor Presentation - Slideshow
2021-01-15 21:28
| --- | --- | --- | --- | |-------|-------|------------------------------------|-------| | | | | | | | | | | | | | | | | | | Investor Presentation January 2021 | | | | | | | rgp.com | 2021 © RGP2 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 s ...
Resources nection(RGP) - 2021 Q2 - Quarterly Report
2021-01-07 19:02
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 28, 2020 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 nection(RGP) - 2021 Q2 - Earnings Call Transcript
2021-01-07 01:15
Resources Connection, Inc. (NASDAQ:RGP) Q2 2021 Results Conference Call January 6, 2021 5:00 PM ET Company Participants Kate Duchene - CEO Tim Brackney - President and COO Jen Ryu - CFO Conference Call Participants Josh Vogel - Sidoti Mark Marcon - Baird Andrew Steinerman - JP Morgan Operator Good afternoon, ladies and gentlemen, and welcome to the Resources Connection Inc. Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and ins ...
Resources nection(RGP) - 2021 Q1 - Quarterly Report
2020-10-08 20:16
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 29, 2020 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 ...
Resources nection(RGP) - 2021 Q1 - Earnings Call Transcript
2020-10-08 00:13
Resources Connection, Inc. (NASDAQ:RGP) Q1 2021 Earnings Conference Call October 7, 2020 5:00 PM ET Company Participants Kate Duchene - CEO Tim Brackney - President and COO Jennifer Ryu - CFO Lauren Elkerson - General Counsel Conference Call Participants Josh Vogel - Sidoti & Company Andrew Steinerman - JPMorgan Operator Good afternoon, ladies and gentlemen, and welcome to the Resources Connection, Inc. Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a quest ...
Resources nection(RGP) - 2020 Q4 - Annual Report
2020-07-27 21:03
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 30, 2020 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 i ...
Resources nection(RGP) - 2020 Q4 - Earnings Call Transcript
2020-07-23 04:23
Financial Data and Key Metrics Changes - Total revenue for Q4 was $178.6 million, a decrease of 2% year-over-year and a 6.3% sequential increase [40] - Adjusted EBITDA increased to $18.6 million, representing 10.4% of revenue, up from 9.6% in the prior year quarter [10][43] - Net income for Q4 was $4.1 million, or $0.13 per diluted share, compared to $9.4 million, or $0.29 per diluted share in the prior year [42] Business Line Data and Key Metrics Changes - Organic revenue decreased by $18 million, or 10%, compared to Q4 of fiscal '19, with a constant currency decline of 9.5% [45] - Revenue from the largest clients increased by 9.1% year-over-year and 10.1% sequentially [47] - North American professional staffing revenue increased by 5.3% compared to Q4 last year [47] Market Data and Key Metrics Changes - Organic same-day revenue declined by 8.8% in North America, 12.7% in Europe, and 19.5% in Asia Pacific compared to Q4 fiscal '19 [46] - The average hourly bill rate for the quarter was approximately $127, up from $124 in the prior year quarter [50] Company Strategy and Development Direction - The company is focusing on cost control, building core client relationships, and digital expansion, including the launch of the HuGo platform [18][23] - The company anticipates a shift towards agile and contingent workers, with a predicted 5% increase in the use of contingent labor over the next two years [15] - The company aims to expand its presence in the healthcare industry, which is seen as a robust opportunity [22] Management's Comments on Operating Environment and Future Outlook - Management noted a slight uptick in the buying environment in June but indicated that new project signings remain soft [11] - The company expects continued challenges in revenue until greater clarity exists in the macro environment [11] - Management expressed optimism about the long-term sustainability of virtual delivery and borderless talent [29] Other Important Information - The company ended the fiscal year with cash and cash equivalents of $95.6 million, compared to $35.9 million at the end of Q3 [57] - The effective tax rate for the fourth quarter was 42%, impacted by lower pre-tax income and an increase in valuation allowance [56] Q&A Session Summary Question: How much of the business will remain virtual long-term? - Management estimates that about 50% of knowledge workers will remain virtual post-pandemic, finding it efficient and cost-effective [65][66] Question: Can you provide details on the real estate footprint? - The company plans to continue its real estate contraction strategy, having exited or sublet approximately half of its North American locations [71] Question: How has Veracity performed relative to expectations? - Management is pleased with Veracity's performance, expecting growth in the fiscal year despite some impact from COVID [76][78] Question: What are the trends in international operations, particularly in Asia Pacific? - Asia Pacific has shown stabilization, with consistent velocity and pipeline activity throughout the quarter [86] Question: What is the current headcount status and productivity? - The company has reduced headcount by approximately 8% in North America, with ongoing evaluations to ensure productivity [87][88]
Resources nection(RGP) - 2020 Q3 - Earnings Call Transcript
2020-04-03 01:33
Resources Connection, Inc. (RECN) Q3 2020 Results Earnings Conference Call April 2, 2020 5:00 PM ET Company Participants Alice Washington - General Counsel Kate Duchene - Chief Executive Officer Tim Brackney - President and Chief Operating Officer Jennifer Ryu - Chief Financial Officer Conference Call Participants Andrew Steinerman - JP Morgan Mark Marcon - Baird Operator Good afternoon, ladies and gentlemen, and welcome to the Resources Connection, Inc. Conference Call. At this time, all participants are i ...