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]

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 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 ...

| --- | --- | --- | --- | |-------|-------|------------------------------------|-------| | | | | | | | | | | | | | | | | | | 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 ...

[PART I—FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%E2%80%94FINANCIAL%20INFORMATION) This section presents the company's unaudited financial statements, management's analysis of operations, market risk exposures, and internal control effectiveness [Consolidated Financial Statements (Unaudited)](index=3&type=section&id=ITEM%201.%20Consolidated%20Financial%20Statements%20(Unaudited)) This section presents the unaudited consolidated financial statements, including balance sheets, income statements, and cash flows, reflecting a decline in revenue and net income due to the pandemic and restructuring [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) The balance sheet as of November 28, 2020, shows a decrease in total assets and liabilities, primarily driven by lower receivables and reduced long-term debt Consolidated Balance Sheet Highlights (in thousands) | Account | Nov 28, 2020 | May 30, 2020 | | :--- | :--- | :--- | | **Total current assets** | $218,558 | $230,999 | | **Total assets** | $511,966 | $529,181 | | **Total current liabilities** | $91,636 | $94,901 | | **Long-term debt** | $68,000 | $88,000 | | **Total liabilities** | $205,019 | $225,520 | | **Total stockholders' equity** | $306,947 | $303,661 | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Revenue declined 17.0% for the quarter and 15.7% for the six-month period, leading to a net loss for the quarter and a significant drop in six-month net income Three Months Ended Financial Performance (in thousands, except per share data) | Metric | Nov 28, 2020 | Nov 23, 2019 | | :--- | :--- | :--- | | Revenue | $153,222 | $184,507 | | Gross Profit | $58,178 | $74,377 | | Income from Operations | $1,249 | $17,688 | | Net (Loss) Income | $(992) | $12,337 | | Diluted EPS | $(0.03) | $0.38 | Six Months Ended Financial Performance (in thousands, except per share data) | Metric | Nov 28, 2020 | Nov 23, 2019 | | :--- | :--- | :--- | | Revenue | $300,567 | $356,732 | | Gross Profit | $116,074 | $141,880 | | Income from Operations | $5,453 | $25,750 | | Net Income | $1,292 | $17,276 | | Diluted EPS | $0.04 | $0.54 | - Cash dividends declared per common share remained consistent at **$0.14** for the quarter and **$0.28** for the six-month period, year-over-year[11](index=11&type=chunk) [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations significantly increased to $29.6 million, while investing activities decreased and financing activities primarily focused on debt repayment and dividends Six Months Ended Cash Flow Summary (in thousands) | Activity | Nov 28, 2020 | Nov 23, 2019 | | :--- | :--- | :--- | | Net cash provided by operating activities | $29,577 | $17,218 | | Net cash used in investing activities | $(1,634) | $(25,471) | | Net cash (used in) provided by financing activities | $(29,097) | $8,485 | | **Net increase (decrease) in cash** | **$1,571** | **$(12)** | [Notes to Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Key notes detail the initiation of a European restructuring plan, a change in segment reporting, and the amendment of the credit facility to $120 million - Effective Q2 2021, the company revised its segment reporting structure to **'RGP'** and **'Other Segments'** following a change in internal management structure related to its European restructuring[27](index=27&type=chunk)[69](index=69&type=chunk) - The company initiated a European restructuring plan in September 2020, incurring **$6.0 million** in costs as of November 28, 2020, with total restructuring costs for Q2 2021, including North America and APAC plans, at **$6.8 million**[57](index=57&type=chunk)[58](index=58&type=chunk)[59](index=59&type=chunk) - On September 3, 2020, the company amended its Credit Agreement, increasing the Revolving Commitment to **$120.0 million**, with **$68.0 million** outstanding as of November 28, 2020[48](index=48&type=chunk)[53](index=53&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=17&type=section&id=ITEM%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the financial results, attributing the revenue decline to COVID-19, outlining strategic priorities, and confirming strong liquidity despite restructuring costs [Overview and Strategic Focus](index=18&type=section&id=Overview%20and%20Strategic%20Focus) The company, a global consulting firm, focuses its fiscal 2021 strategy on digital expansion, core business growth, and global cost structure optimization through restructuring - The company's strategic priorities for fiscal 2021 include furthering digital expansion, growing the core business through strategic client programs, and right-sizing the global cost structure for optimal efficiency[82](index=82&type=chunk)[84](index=84&type=chunk) [COVID-19 Impact and Outlook](index=19&type=section&id=COVID-19%20Impact%20and%20Outlook) The COVID-19 pandemic led to a 15.7% revenue decline in H1 FY2021, though weekly revenue improved in Q2, and the sales pipeline strengthened - During the first six months of fiscal 2021, revenue declined **15.7%** compared to the prior year period due to disruptions from the COVID-19 pandemic[88](index=88&type=chunk) - Despite the pandemic's impact, the company observed steady weekly revenue growth throughout Q2 and a strengthening pipeline, indicating improved client buying patterns[90](index=90&type=chunk) [Results of Operations](index=20&type=section&id=Results%20of%20Operations) Q2 FY2021 revenue decreased 17.0% to $153.2 million, with gross margin contracting to 38.0% and SG&A expenses including $6.8 million in restructuring costs, resulting in a net loss - Q2 revenue decreased **17.0%** year-over-year to **$153.2 million**, driven by a **16.9%** decrease in billable hours, while sequentially increasing **4.0%** from Q1 2021[111](index=111&type=chunk) - Gross margin for Q2 decreased to **38.0%** from **40.3%** in the prior year, primarily due to a **90-basis-point** decline in the bill/pay spread and higher holiday pay costs[96](index=96&type=chunk)[116](index=116&type=chunk) - SG&A expenses for Q2 included **$6.8 million** in restructuring costs related to the company's global transformation plans[117](index=117&type=chunk)[119](index=119&type=chunk) [Liquidity and Capital Resources](index=27&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with **$97.2 million** in cash and access to a **$120 million** credit facility, anticipating **$6.5 million** to **$9.5 million** for remaining restructuring actions - As of November 28, 2020, the company had **$97.2 million** in cash and cash equivalents and **$68.0 million** in outstanding borrowings under its **$120.0 million** credit facility[150](index=150&type=chunk)[151](index=151&type=chunk) - Net cash provided by operating activities for the first six months of fiscal 2021 was **$29.6 million**, a significant improvement from **$17.2 million** in the prior-year period, mainly due to favorable working capital changes and a payroll tax deferral[155](index=155&type=chunk) - The company estimates a cash requirement of **$6.5 million** to **$9.5 million** to complete its remaining restructuring actions[152](index=152&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=29&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risks are interest rate fluctuations on variable-rate debt and foreign currency exchange rate movements, with no current hedging strategies employed - The company is primarily exposed to market risks from interest rate fluctuations on its variable-rate debt and foreign currency exchange rate movements[162](index=162&type=chunk)[165](index=165&type=chunk) - A **10%** change in interest rates on the **$68.0 million** of borrowings would result in an approximate **$0.2 million** change in annual interest expense[164](index=164&type=chunk) - For the six months ended November 28, 2020, approximately **20.4%** of the company's revenues were generated outside of the U.S., exposing results to currency translation risk[165](index=165&type=chunk) [Controls and Procedures](index=29&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective, with no material changes to internal control over financial reporting during the quarter - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of November 28, 2020[168](index=168&type=chunk) - No changes occurred in the company's internal control over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, these controls[168](index=168&type=chunk) [PART II—OTHER INFORMATION](index=29&type=section&id=PART%20II%E2%80%94OTHER%20INFORMATION) This section provides additional disclosures, including legal proceedings, risk factors, and a list of exhibits filed with the report [Legal Proceedings](index=29&type=section&id=ITEM%201.%20Legal%20Proceedings) The company is not currently a party to any material legal proceedings, with no ordinary course matters expected to have a material adverse effect - The company is not a party to any material legal proceedings, and any ongoing matters from the ordinary course of business are not expected to have a material adverse effect[76](index=76&type=chunk)[169](index=169&type=chunk) [Risk Factors](index=30&type=section&id=ITEM%201A.%20Risk%20Factors) There have been no material changes to the company's risk factors from those disclosed in its Annual Report on Form 10-K for the fiscal year ended May 30, 2020 - There have been no material changes in risk factors from those disclosed in the Annual Report on Form 10-K for the fiscal year ended May 30, 2020[170](index=170&type=chunk) [Exhibits](index=30&type=section&id=ITEM%206.%20Exhibits) This section provides an index of exhibits filed with the report, including the 2020 Performance Incentive Plan and officer certifications - The report includes several exhibits, such as the Resources Connection, Inc. 2020 Performance Incentive Plan and officer certifications pursuant to the Sarbanes-Oxley Act of 2002[171](index=171&type=chunk)[173](index=173&type=chunk)

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 ...

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 ...