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Nov 27, 2021
Resources Connection Q2 2022 Earnings Report
Reported strongest quarterly revenue in ten years and sustained strength in SG&A leverage.
Key Takeaways
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.
Revenue of $200.2 million, up 30.7% from the prior year quarter and 9.3% sequentially
Gross margin of 39.3%, up 130 basis points from the prior year quarter
SG&A reduced to 28.4% of revenue, an improvement of 720 basis points from the prior year quarter
Net income grew to $14.3 million, compared to a net loss of $1.0 million in the prior year quarter
Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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