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Feb 26, 2022
Resources Connection Q3 2022 Earnings Report
Resources Connection's Q3 2022 earnings were reported, featuring record revenue and margin expansion.
Key Takeaways
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.
Revenue reached a record $204.6 million, up 30.6% year-over-year.
Net income increased significantly to $19.4 million, compared to $0.7 million in the prior year quarter.
Diluted earnings per share grew to $0.58, compared to $0.02 in the prior year quarter.
Gross margin improved to 37.5%, up 110 basis points from the prior year quarter.
Revenue by Geographic Location
Forward Guidance
Not reported
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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