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May 25, 2024
Resources Connection Q4 2024 Earnings Report
Revenue and gross margin beat outlook range, SG&A improved due to cost discipline.
Key Takeaways
Resources Connection, Inc. reported Q4 2024 financial results with revenue of $148.2 million and net income of $10.5 million. The company saw stabilization in the business, delivering results above outlook ranges. Continued cost discipline drove improved SG&A.
Revenue of $148.2 million compared to $184.4 million, a decline of 19.7%.
Gross margin remained strong at 40.2% compared to 41.1%.
Net income of $10.5 million (net income margin of 7.1%) compared to $11.8 million (net income margin of 6.4%).
Selling, general and administrative expenses (“SG&A”) of $46.4 million, net of $(4.4) million of non-cash contingent consideration adjustment, compared to $56.5 million, an improvement of 18.0%
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
Company is setting the foundation for competitive advantage and growth once broader macroeconomic conditions impacting the human capital sector improve.
Revenue & Expenses
Visualization of income flow from segment revenue to net income