Resources Connection Q2 2020 Earnings Report
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.
Resources Connection
Resources Connection
Resources Connection Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income