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Resources Connection, Inc. (RGP) is a professional consulting firm that specializes in providing practical, high-quality advice and execution services to business leaders across various industries. Unlike traditional consultants who offer extensive reports with suggestions, RGP focuses on delivering sound, no-nonsense advice and meticulous implementation. This approach ensures that clients not only understand what needs to be done but also see it executed effectively.
Headquartered in Irvine, California, RGP operates primarily through its subsidiary, Resources Global Professionals. The company is divided into two main segments: RGP (Resources Global Professionals) and Other Segments. It offers a broad range of services including transformation and improvement, financial reporting and analysis, strategy development, and program and project management.
Core Business and Expertise
RGP's core expertise spans several critical business domains:
- Finance and Accounting: Offering financial reporting, analysis, and strategic financial planning.
- Human Capital: Providing HR solutions, talent management, and organizational development.
- Information Management: Helping clients with data governance, IT strategy, and cybersecurity.
- Legal and Compliance: Assisting with risk management, regulatory compliance, and legal advisory services.
- Supply Chain: Supporting logistics, procurement, and supply chain optimization.
Recent Achievements and Projects
RGP has recently achieved significant milestones in various sectors. The firm is actively involved in numerous high-impact projects aimed at driving change and implementing strategic initiatives for its clients. These projects range from financial transformation efforts to human capital optimization and IT strategy development.
Financial Condition and Partnerships
Financially, RGP is a robust entity with a strong market presence. The company has formed strategic partnerships with several top-tier organizations, enabling it to offer enhanced services and solutions. RGP's collaborative approach ensures that it remains at the forefront of industry developments, continually providing value to its clients.
Why Choose RGP?
RGP is known for its proven problem-solving capabilities and the ability to start adding value as soon as an engagement begins. The company's professionals come from diverse business backgrounds, bringing a wealth of knowledge and experience to the table. This diversity allows RGP to exceed client expectations consistently, building lasting relationships with some of the world's largest and most well-known businesses.
Conclusion
Choosing RGP means partnering with a firm that doesn't just advise but takes tangible steps to implement solutions. With a strong emphasis on practical consulting and a track record of successful engagements, RGP stands out as a leader in the consulting industry.
Resources Connection, Inc. (Nasdaq: RGP) announced that Donald B. Murray, the company's founder, has resigned as Chairman and director of the Board, effective July 26, 2024. Murray founded RGP in 1996 and led its management buyout in 1999 before taking the company public in 2000. During his 28-year tenure, he served in various critical roles, including CEO for over 15 years.
The Board has appointed A. Robert Pisano as interim Chairman and David White as Lead Independent Director. Pisano, a board member since 2002, expressed gratitude for Murray's contributions, highlighting his vision and understanding of the professional services industry.
Resources Connection (RGP) has announced a quarterly dividend of $0.14 per share. The dividend will be payable on September 20, 2024, to stockholders of record as of August 23, 2024. This announcement demonstrates RGP's commitment to returning value to its shareholders through regular dividend payments. The company's decision to maintain its dividend payout suggests confidence in its financial stability and cash flow generation capabilities. However, investors should consider the broader financial context and market conditions when evaluating the significance of this dividend announcement.
Resources Connection (RGP) reported its Q4 and full fiscal year 2024 results. Q4 revenue was $148.2 million, down 19.7% year-over-year, but beating the high end of the outlook range. Gross margin remained strong at 40.2%. Net income was $10.5 million with a margin of 7.1%. Full fiscal year 2024 revenue was $632.8 million, an 18.4% decline from the previous year. The company maintained cost discipline, with SG&A expenses improving by 18% in Q4 and 8.7% for the full year. Despite challenging macroeconomic conditions, RGP is focusing on cross-selling opportunities in high-growth areas and expanding into broader buying centers in its A-list client base.
RGP (Nasdaq: RGP), a global consulting firm, unveiled a new survey highlighting workforce investment priorities amidst macroeconomic challenges. Conducted by YouGov, the survey reveals that 81% of financial decision-makers plan to increase workforce development investments despite high interest rates. However, 62% are halting or delaying new investments due to factors like the presidential election and interest rates. Key investment drivers include leveraging AI and automation (47%) and tackling hiring challenges (45%). The survey also underscores an accountant shortage prompting increased investment in automated accounting (43%) and consulting talent (31%). Talent acquisition remains a significant concern, with 26% prioritizing it and 30% focusing on digital strategies.
Resources Connection, a global consulting firm, is set to disclose its fourth quarter and full fiscal year 2024 results on July 18, 2024, after the market closes. The period assessed ended on May 25, 2024. A conference call will follow the announcement at 5:00 p.m. ET, with a live webcast accessible through the company's Investor Relations events page. Interested parties are encouraged to register and join the call 15 minutes prior to its start. A replay of the webcast will be available for a time on the company's website.
Resources Connection (Nasdaq: RGP) has completed the acquisition of Reference Point, a consulting firm specializing in the financial services sector. Reference Point provides services in Strategy & Management, Risk & Regulatory Compliance, Digital & Technology, and Data & Analytics. Established in 2002, Reference Point is known for its unique consulting model driven by former industry executives. This acquisition aims to enhance RGP's consulting capabilities and client base, particularly in financial services. The combined expertise is expected to accelerate growth and market share. Key executives from Reference Point will continue to lead the business alongside RGP management.
Resources Connection, a global consulting firm, announced that its CEO, Kate Duchene, and CFO, Jennifer Ryu, will participate in the Noble Capital Markets Virtual Conference. The event is scheduled for Wednesday, June 26, 2024, from 12:00 to 12:30 PM Eastern Time. A live webcast and replay of the presentation will be accessible on the Investor Relations section of the company's website. Besides the fireside chat, the management team will also engage in virtual investor meetings throughout the day. This participation aims to provide investors with insights into the company's strategies and performance.
Resources Connection (Nasdaq: RGP) announced leadership changes in its On-Demand Talent and Consulting business units. Michael Lane joins as President of On-Demand Talent, and Jon Bohlman is promoted to President of Veracity Consulting. Lane comes from Eliassen Group, where he was Chief Revenue Officer, contributing to significant growth and operational excellence. Bohlman, co-founder of Veracity Consulting, has been with RGP since 2019. CEO Kate Duchene emphasized the need for clarity and focus on three core offerings: On-Demand Talent, Consulting, and Outsourced Services. These changes aim to optimize strategies and enhance RGP's market position.
Resources Connection (Nasdaq: RGP), a global consulting firm, announced that CEO Kate Duchene and SVP Kristopher Meyer will participate in a fireside chat at the Sidoti Virtual Investor Conference.
The event is scheduled for June 13, 2024, from 2:30 to 3:00 PM Eastern Time. A live webcast will be available on the company's Investor Relations page. Management will also conduct virtual meetings throughout the day.
Resources Connection (Nasdaq: RGP) announced the appointment of Roger Carlile to its Board of Directors, effective June 3, 2024. Roger Carlile, who brings over 35 years of experience in the human capital industry, will also serve on the Compensation and Corporate Governance and Nominating Committees. Carlile founded Ankura Consulting Group, growing it to over $550 million in revenue and 1,500 employees. Prior to Ankura, he held leadership roles at FTI Consulting, KPMG, PwC, and Deloitte. Carlile's appointment is seen as a strategic move to leverage his expertise in scaling global businesses and leading transformational change, aiming to enhance RGP's capabilities in the professional services industry.
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