Welcome to our dedicated page for Resources Connection news (Ticker: RGP), a resource for investors and traders seeking the latest updates and insights on Resources Connection stock.
Resources Connection, Inc. (RGP) delivers practical consulting and corporate communication services to global enterprises. This news hub provides investors and business professionals with verified updates on strategic developments, financial disclosures, and operational milestones.
Access timely announcements including quarterly earnings reports, leadership changes, partnership agreements, and regulatory filings. Our curated collection ensures transparent tracking of RGP’s initiatives in business transformation, risk management, and cross-functional consulting engagements.
Key updates cover both RGP’s consulting segment and Sitrick’s crisis communication services. Bookmark this page to monitor execution-focused developments in operational efficiency, compliance strategies, and enterprise-wide change management programs.
Resources Connection (RGP) reported third quarter fiscal 2025 financial results, showing significant challenges. Revenue declined 14.5% to $129.4 million compared to $151.3 million in the prior year quarter. The company recorded a net loss of $44.1 million, largely due to a $42.0 million non-cash goodwill impairment charge, compared to net income of $2.6 million last year.
Key metrics deteriorated across segments: gross margin fell to 35.1% from 37.0%, while Adjusted EBITDA margin dropped to 1.3% from 7.1%. The On-Demand Talent segment saw the steepest decline, with revenue down 26.6% to $47.1 million. Despite challenges, the company maintained its quarterly dividend at $0.14 per share and reported zero debt with available liquidity of $246.0 million.
Management noted progress in pricing strategies and deal sizes, though market conditions remain challenging with clients being cautious about transformation projects and interim roles. The mid-week timing of holidays also negatively impacted performance.
Resources Connection (RGP) has scheduled the announcement of its fiscal 2025 third quarter financial results, covering the period ended February 22, 2025. The results will be released after market close on April 2, 2025, followed by a conference call at 5:00 p.m. ET on the same day.
The company will host a live webcast accessible through their Investor Relations Events section. Participants are encouraged to dial in fifteen minutes before the scheduled start time to avoid delays. A replay of the webcast will be available for a time on the company's website.
RGP released new research showing that 91% of U.S. companies plan to increase workforce strategy investment in 2025. The survey of 201 financial decision-makers revealed that 46% will focus on reskilling existing employees, while 22% plan to invest in outside talent.
Key findings include: 58% expect increased investment following interest rate cuts within first 6 months of 2025; 70% plan to unlock new capital in digital transformation and AI; 26% are experiencing widening skills gaps (up from 17%); and 40% face accounting skills shortages.
The survey also found that two-thirds of respondents expect customer service to be most impacted by AI investments, followed by operations (64%) and marketing (60%). Additionally, 63% expect organizational skills gaps to increase in 2025, while 27% report narrowing skills gaps through AI and digital tools.
Resources Connection (RGP) has announced that its Board of Directors has approved a quarterly cash dividend of $0.14 per share. The dividend will be paid on March 14, 2025 to stockholders of record as of February 14, 2025. The announcement demonstrates the company's commitment to returning value to shareholders through regular dividend payments.
Resources Connection (RGP) reported Q2 fiscal 2025 financial results with revenue of $145.6 million, down 10.7% from $163.1 million in the prior year quarter. The company recorded a net loss of $68.7 million, including a non-cash goodwill impairment charge of $79.5 million, compared to net income of $4.9 million last year.
Key metrics include gross margin of 38.5% (vs 38.9% prior year), SG&A expenses of $51.3 million (improved 3.2%), and Adjusted EBITDA of $9.7 million with 6.6% margin (vs $16.1 million and 9.8% margin prior year). The company maintained its quarterly dividend at $0.14 per share.
Segment performance showed mixed results: On-Demand Talent revenue declined 24.7% to $53.5 million, Consulting revenue grew 2.7% to $60.6 million, while Europe and Asia Pacific revenue fell 9.6% to $19.7 million.
Resources Connection (RGP) has scheduled the announcement of its fiscal 2025 second quarter financial results for January 2, 2025, after market close. The results will cover the period ended November 23, 2024. The company will host a conference call at 5:00 p.m. ET on the same day to discuss the results. Investors can access the call through a webcast on the company's Investor Relations Events section or via phone by registering through the provided link. Participants are encouraged to dial in fifteen minutes before the scheduled start time to avoid delays.
RGP's recent survey reveals significant shifts in corporate investment strategies following the Fed's September interest rate cut. 51% of financial decision makers anticipate increased investments by end-2024, rising to 81% by first half of 2025. Business process optimization, automation, and digital transformation are top investment priorities.
The survey shows 88% of organizations plan to increase workforce strategy investment in 2025, with 39% focusing on reskilling existing employees and 24% planning to invest in outside talent. Regarding AI impact, 65% expect less than 10% job elimination, while 47% anticipate 11-30% job creation in the next two years. 71% of organizations are spending $5 million+ on digital transformation in 2024.
Resources Connection (Nasdaq: RGP) has announced a quarterly cash dividend of $0.14 per share. The dividend will be payable on December 16, 2024 to all stockholders of record as of November 15, 2024. This decision was approved by the company's Board of Directors, demonstrating their commitment to returning value to shareholders.
Resources Connection (RGP) reported financial results for Q1 fiscal 2025. Key highlights include:
- Revenue of $136.9 million, down 19.5% year-over-year
- Gross margin of 36.5%, compared to 39.4% in Q1 fiscal 2024
- Net loss of $5.7 million, including a $3.9 million goodwill impairment charge
- Diluted loss per share of $(0.17), compared to earnings of $0.09 per share last year
- Adjusted EBITDA of $2.3 million, with a margin of 1.7%
The company faced challenges due to a choppy demand environment and extended project timelines. RGP is implementing a diversification strategy to broaden its addressable market and improve growth prospects.
Resources Connection, Inc. (Nasdaq: RGP), a global consulting firm, has announced that it will release its fiscal 2025 first quarter results on October 1, 2024, after market close. The company will host a conference call at 5:00 p.m. ET on the same day to discuss the results. Investors can access the call via a live webcast on the company's website or through a provided phone registration link. To ensure timely participation, attendees are encouraged to dial in fifteen minutes before the scheduled start time. A replay of the webcast will be available for a time on the company's investor relations page.
