Resources Connection Stock Price, News & Analysis

Resources Connection, Inc. (RGP) will announce its fiscal 2023 third quarter results after market close on April 4, 2023. The announcement will be followed by a conference call at 5:00 p.m. ET, where a live webcast will be accessible in the Investor Relations section of the company's website. RGP, recognized among Forbes’ World’s Best Management Consulting Firms for 2022, focuses on project execution and transformation services, leveraging a flexible workforce model to address operational challenges faced by clients. With approximately 4,100 professionals and a client base of 2,100, RGP is positioned to capitalize on prevailing market trends.

Resources Connection, Inc. (RGP) announced a cash dividend of $0.14 per share, set to be paid on March 16, 2023, for stockholders of record by February 16, 2023. This dividend demonstrates the company's commitment to returning value to its shareholders amid its operations as a global consulting firm. RGP focuses on providing project execution services, leveraging experienced talent to meet client needs during business transformations and regulatory changes. With around 4,200 professionals and a client base including over 87% of the Fortune 100, RGP maintains a strong position in the market.

RGP (Nasdaq: RGP), a global consulting firm, released a report highlighting significant challenges executives face in executing critical projects. Since the pandemic, the number of such projects has surged, yet only 15% of companies achieve their goals. RGP surveyed 404 executives across North America, Europe, and Asia Pacific, revealing that 24% of firms fulfill less than half their project objectives. A tight labor market and increasing reliance on external talent—currently 45% of project teams—complicate project management. Companies achieving project goals saw a 63% market cap increase over five years, contrasting with a 24% decline for those struggling.

Resources Connection, Inc. (Nasdaq: RGP) reported strong fiscal second quarter results for 2023, with revenue of $200.4 million, up slightly year-over-year. The net income increased to $17.4 million (8.7% margin), compared to $14.3 million (7.1% margin) in the prior year. Gross margin improved to 41.1%, up from 39.3%, while diluted earnings per share rose to $0.51 from $0.42. Cash dividends declared were $0.14 per share. Management indicated a healthy pipeline and cautious optimism despite macroeconomic challenges.

Resources Connection, Inc. (Nasdaq: RGP) will announce its fiscal 2023 second quarter results on January 4, 2023, after market close. A conference call will be held at 5:00 p.m. ET on the same day, with a live webcast available on the Company’s investor relations page. RGP, recognized as one of Forbes’ Best Management Consulting Firms for 2022, specializes in project execution services and has served over 87% of the Fortune 100. With 4,200 professionals, RGP is well-positioned to meet the growing demand for agile workforce solutions amid transformation pressures in the market.

Resources Connection, Inc. (Nasdaq: RGP) announced participation in Sidoti’s Virtual Investor Conference on December 7, 2022. CEO Kate Duchene and CFO Jennifer Ryu will present from 4:00-4:30 p.m. ET. The presentation will be available live and via replay on the Company’s website. RGP specializes in providing professional talent and solutions for business transformation, compliance, and change management, supporting over 2,500 global clients, including 87% of the Fortune 100, with a workforce of approximately 5,000 professionals.

Resources Connection, Inc. (RGP) has declared a cash dividend of $0.14 per share, set to be paid on December 15, 2022. This dividend will be issued to all stockholders of record on November 17, 2022. RGP, a global consulting firm, specializes in project execution services, leveraging diverse talent to meet operational demands and change initiatives. The firm serves over 2,200 clients globally and is based in Irvine, California, listed on the Nasdaq Global Select Market.

Resources Connection, Inc. (NASDAQ: RGP) is enhancing its digital transformation through RGPedia, a new platform developed in partnership with Veracity Consulting Group and Akumina. RGPedia connects internal teams, consultants, and clients, enabling content updates and improving workflow efficiency. Notable features include COVID-19 communication capabilities and client-branded areas. RGP emphasizes that this initiative is just the beginning of their ongoing digital evolution, focused on empowering users and increasing operational capacity.

Resources Connection, Inc. (RGP) reported strong financial results for its fiscal first quarter ending August 27, 2022. Revenue rose 11.4% year-over-year to $204.1 million, with same-day constant currency revenue up 17.0%. Gross profit increased by 16.8% to $83.5 million, and net income reached $18.1 million, representing a margin of 8.9%. Diluted earnings per share climbed to $0.53. Adjusted EBITDA margin also improved, reaching a record 15.0%. The firm continues to benefit from a shift towards agile work amid a tight labor market, with broad-based growth across various sectors.