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Feb 27, 2021
Resources Connection Q3 2021 Earnings Report
Reported sequential revenue acceleration and margin expansion.
Key Takeaways
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.
Revenue up 2.2% sequentially to $156.6 million compared to $153.2 million in the second quarter and as compared to $168.1 million in the prior year quarter
Same day constant currency revenue up 3.4% sequentially and off 10.4% from the prior year quarter
SG&A improved 4.5% to $52.8 million compared to $55.3 million in the prior year quarter
Adjusted diluted earnings per common share of $0.14 compared to $0.25 in the prior year quarter
Resources Connection
Resources Connection
Resources Connection Revenue by Geographic Location
Revenue by Geographic Location
Europe & Asia Pacific Revenue
CapyFin.comNorth America Revenue
CapyFin.com Forward Guidance
RGP is rapidly strengthening its business reach especially in digital transformation, healthcare and financial advisory services, and is well-positioned to capture the multitude of opportunities as clients seek more cost flexibility in their human capital requirements and as talent demands more radical flexibility.
Positive Outlook
- Strengthening business reach in digital transformation
- Strengthening business reach in healthcare
- Strengthening business reach in financial advisory services
- Experiencing increased interest from both new and existing clients around implementing an agile workforce strategy
- Well-positioned to capture the multitude of opportunities as clients seek more cost flexibility in their human capital requirements and as talent demands more radical flexibility
Revenue & Expenses
Visualization of income flow from segment revenue to net income