Resources Connection Stock Price, News & Analysis

Resources Connection, Inc. (Nasdaq: RGP) reported its fiscal third quarter results for 2023, revealing a revenue of $186.8 million, down from $204.6 million in the same quarter last year. The decline includes a $6.7 million contribution from divested taskforce revenue. However, the company achieved a gross margin of 38.3%, marking a ten-year high, attributed to enhanced pricing strategies. Net income was $7.0 million or $0.21 diluted EPS, a drop from $19.4 million or $0.58 in the prior year. SG&A expenses rose to $59.4 million, driven by technology transformation costs. Management remains optimistic about the future, citing a healthy pipeline despite current macroeconomic challenges.

Resources Connection, Inc. (Nasdaq: RGP), a global consulting firm based in Irvine, California, is set to participate in Sidoti’s Virtual Investor Conference on March 22, 2023. CEO Kate Duchene and CFO Jennifer Ryu will present from 4:00-4:30 p.m. ET. Investors can access the live webcast and replay on the Company’s website. RGP specializes in addressing transformational and compliance challenges through its innovative workforce strategies, servicing over 2,100 clients globally, including more than 87% of the Fortune 100. RGP is listed on the Nasdaq Global Select Market, the highest tier for listing standards.

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.