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Nov 23, 2019
Resources Connection Q2 2020 Earnings Report
Resources Connection reported results for the second quarter of fiscal year 2020, which saw a revenue decrease of 2.3% year-over-year but a sequential increase of 7.1%, along with a gross margin improvement and a rise in net income.
Key Takeaways
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.
Revenue was $184.5 million, a decrease of 2.3% from the prior year quarter but an increase of 7.1% sequentially.
Gross margin percentage was 40.3%, an improvement of 140 basis points from the prior year quarter.
Net income was $12.3 million, up 16.8% from $10.6 million in the prior year quarter.
Diluted earnings per common share were $0.38, up 15.2% from $0.33 in the prior year quarter.
Revenue by Geographic Location
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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