Resources Connection Earnings Reports

Despite a revenue decline, Resources Connection showed margin improvement, reduced SG&A expenses, and returned to adjusted profitability in Q1 FY2026.

RGP posted a net loss of $44.1M in Q3 FY2025, driven by a $42M non-cash goodwill impairment. Revenue declined year-over-year amid a challenging demand environment, but the company reported improved average bill rates and emphasized efficiency gains.

Resources Connection's second quarter fiscal 2025 revenue was $145.6 million, a 10.7% decrease compared to the prior year quarter. The company reported a net loss of $68.7 million, including a non-cash goodwill impairment charge of $79.5 million, compared to net income of $4.9 million in the prior year quarter. Adjusted diluted earnings per common share was $0.18, compared to $0.28 in the prior year quarter.

Resources Connection reported a decrease in revenue and a net loss for Q1 2025, impacted by a choppy demand environment and a goodwill impairment charge. The company is focused on diversification and brand refresh initiatives to improve long-term growth and profitability.

Resources Connection, Inc. reported Q4 2024 financial results with revenue of $148.2 million and net income of $10.5 million. The company saw stabilization in the business, delivering results above outlook ranges. Continued cost discipline drove improved SG&A.

Resources Connection reported a decrease in revenue to $163.1 million compared to $200.4 million in the prior year quarter. Net income also decreased to $4.9 million, with diluted earnings per share at $0.14. The company is focused on expanding consulting capabilities and improving operating efficiency.

Resources Connection's first quarter fiscal 2024 revenue was $170.2 million, compared to $204.1 million in the first quarter of fiscal 2023. Net income was $3.1 million, compared to $18.1 million in the prior year quarter. Diluted earnings per common share was $0.09, compared to $0.53 in the prior year. The company delivered an Adjusted EBITDA margin of 6.8%.

Resources Connection, Inc. reported a 15.0% decrease in revenue to $184.4 million for the fourth quarter of fiscal year 2023, compared to $217.0 million in the prior year quarter. Net income was $11.8 million, a decrease from $20.5 million in the prior year. Diluted earnings per share was $0.35, compared to $0.61 in the prior year. Despite these challenges, the company delivered a solid Adjusted EBITDA margin of 12.6%.

Resources Connection reported a revenue of $186.8 million, exceeding the high end of the outlook range. Gross margin improved to 38.3%, driven by pay/bill spread improvement. Net income was $7.0 million, impacted by a goodwill impairment charge.

Resources Connection, Inc. announced financial results for fiscal second quarter ended November 26, 2022. Revenue was up slightly, and net income grew to $17.4 million, up from $14.3 million. Diluted earnings per common share rose to $0.51 from $0.42.

Resources Connection, Inc. reported strong year-over-year revenue growth in the first quarter of fiscal 2023 with revenue increasing by 11.4% to $204.1 million. Net income increased to $18.1 million, and the company delivered a record first quarter Adjusted EBITDA margin of 15.0%.

Resources Connection, Inc. reported strong financial results for Q4 2022, with revenue increasing by 25.9% year-over-year to $217.0 million. The company's net income was $20.5 million, and diluted earnings per share were $0.61. Adjusted EBITDA margin improved to 15.4%.

Resources Connection, Inc. reported record third quarter revenue of $204.6 million, a 30.6% increase year-over-year. Net income grew to $19.4 million, and diluted earnings per share increased to $0.58. The company benefited from improved sales, operational execution, and a focus on workforce agility and digital transformation.

Resources Connection, Inc. reported strong Q2 fiscal 2022 results with revenue of $200.2 million, up 30.7% year-over-year, and net income of $14.3 million, compared to a net loss of $1.0 million in the prior year quarter. Diluted earnings per share grew to $0.42 compared to diluted loss per share of $0.03 in the prior year quarter.

Resources Connection, Inc. reported strong financial results for Q1 2022, with revenue of $183.1 million, a 24.3% increase compared to Q1 2021. Net income increased to $12.9 million, and diluted earnings per share grew to $0.39.

Resources Connection reported Q4 revenue of $172.3 million, a 10.0% increase sequentially. Net income grew to $23.2 million, or $0.70 diluted earnings per common share, which included a discrete tax benefit of $12.8 million, or $0.39 per diluted common share. Adjusted diluted earnings per common share improved to $0.80.

Resources Connection, Inc. reported a revenue increase of 2.2% sequentially to $156.6 million and an adjusted diluted earnings per common share of $0.14 for the third quarter of fiscal year 2021.

Resources Connection, Inc. reported a sequential revenue increase of 4.0% compared to the previous quarter, with revenue reaching $153.2 million. However, the company experienced a net loss of $1.0 million due to restructuring costs and a high effective tax rate.

Resources Connection, Inc. reported a decrease in revenue of 14.4% compared to the prior year, primarily due to the COVID-19 pandemic. However, the company delivered positive operating cash flow and improved its cost structure. Gross margin improved slightly, and SG&A expenses decreased.

Resources Connection reported a slight decline in revenue for Q4 2020, but gross margin and adjusted EBITDA showed improvements. The company is focusing on cost control, building core client relationships, and expanding digital capabilities in fiscal year 2021.

Resources Connection's third quarter revenue was $168.1 million, a decrease of 6.4% year-over-year. Net income was $6.9 million, compared to $5.8 million in the prior year quarter. Diluted earnings per share was $0.21, compared to $0.18 in the prior year quarter.

Resources Connection, Inc. reported a slight decrease in revenue compared to the prior year quarter, but experienced sequential growth. The company managed to increase profitability through gross margin improvements and lower SG&A expenses. The pipeline is stronger heading into Q3 than it has been in 12 months.