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Resources Connection - RGP STOCK NEWS

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) is a professional consulting firm that specializes in providing practical, high-quality advice and execution services to business leaders across various industries. Unlike traditional consultants who offer extensive reports with suggestions, RGP focuses on delivering sound, no-nonsense advice and meticulous implementation. This approach ensures that clients not only understand what needs to be done but also see it executed effectively.

Headquartered in Irvine, California, RGP operates primarily through its subsidiary, Resources Global Professionals. The company is divided into two main segments: RGP (Resources Global Professionals) and Other Segments. It offers a broad range of services including transformation and improvement, financial reporting and analysis, strategy development, and program and project management.

Core Business and Expertise

RGP's core expertise spans several critical business domains:

  • Finance and Accounting: Offering financial reporting, analysis, and strategic financial planning.
  • Human Capital: Providing HR solutions, talent management, and organizational development.
  • Information Management: Helping clients with data governance, IT strategy, and cybersecurity.
  • Legal and Compliance: Assisting with risk management, regulatory compliance, and legal advisory services.
  • Supply Chain: Supporting logistics, procurement, and supply chain optimization.

Recent Achievements and Projects

RGP has recently achieved significant milestones in various sectors. The firm is actively involved in numerous high-impact projects aimed at driving change and implementing strategic initiatives for its clients. These projects range from financial transformation efforts to human capital optimization and IT strategy development.

Financial Condition and Partnerships

Financially, RGP is a robust entity with a strong market presence. The company has formed strategic partnerships with several top-tier organizations, enabling it to offer enhanced services and solutions. RGP's collaborative approach ensures that it remains at the forefront of industry developments, continually providing value to its clients.

Why Choose RGP?

RGP is known for its proven problem-solving capabilities and the ability to start adding value as soon as an engagement begins. The company's professionals come from diverse business backgrounds, bringing a wealth of knowledge and experience to the table. This diversity allows RGP to exceed client expectations consistently, building lasting relationships with some of the world's largest and most well-known businesses.

Conclusion

Choosing RGP means partnering with a firm that doesn't just advise but takes tangible steps to implement solutions. With a strong emphasis on practical consulting and a track record of successful engagements, RGP stands out as a leader in the consulting industry.

Rhea-AI Summary
RGP, a global consulting firm, released research showing a shift in workforce strategies towards a greater equilibrium between full-time employees and outside talent. The proportion of outside talent on transformation teams increased from 38% in 2020 to 45% in 2022, with expectations to reach 48% by 2024. Companies adopting a Dynamic Workforce Model experienced a 54% increase in market capitalization over the last five years, while organizations with less success saw a 21% decline. Skills shortages resulted in project start delays for 60% of respondents and pushed-out completion dates for 53%.
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Resources Connection, Inc. Approves Cash Dividend
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RGP's report reveals that strategic initiatives in the life sciences industry, particularly M&A activity, are failing too often, highlighting the need for a new approach.
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Resources Connection, Inc. announces Q1 fiscal 2024 results with revenue of $170.2 million, a 17.0% decline compared to the prior year quarter. Net income was $3.1 million, a decrease from $18.1 million. Diluted earnings per share were $0.09 compared to $0.53. Adjusted EBITDA margin was 6.8% compared to 15.0%. Available financial liquidity increased to $286.8 million. Gross margin was 39.4% compared to 40.9%. SG&A was $59.9 million, or 35.2% of revenue. Income tax expense was $2.1 million with an effective tax rate of 40.0%.
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Financial services organizations struggle to manage data-intensive projects, with 40% of executives finding it more difficult since 2020. Shortage of capable talent hinders meeting project goals on time, according to 73% of respondents. Only 15% achieved or exceeded goals for critical projects since 2020. Leaders plan to upgrade project skills in areas such as assessing and planning (50%), embracing major changes (40%), and advanced project management tools (39%). Talent shortages and skill gaps are being addressed by matching critical needs with experienced outside talent. Surge staffing is anticipated to accelerate.
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Resources Connection, Inc. will announce Q1 fiscal 2024 results on October 4, 2023, followed by a conference call. A live webcast and replay will be available on the company's website.
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Resources Connection, Inc. to participate in Sidoti's Virtual Investor Conference on September 21, 2023.
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Resources Connection, Inc. (Nasdaq: RGP) has increased its Board of Directors from 10 to 11 members and appointed Sue Collyns as a new member. Collyns brings extensive experience as a public company board member and a background in finance, accounting, and operations. She has served on the boards of Dine Brands Global, Waitr Holdings, Potbelly, and Zoe's Kitchen. Collyns was previously President and CFO of The Beachbody Company, where she played a key role in transitioning the company's revenue model to recurring streaming services. She also held executive positions at Dun and Bradstreet Credibility Corp. and California Pizza Kitchen. Collyns holds a Bachelor of Economics from Macquarie University and is a Certified Public Accountant.
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Resources Connection, Inc. (Nasdaq: RGP) Announces $0.14 Cash Dividend
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FAQ

What is the current stock price of Resources Connection (RGP)?

The current stock price of Resources Connection (RGP) is $8.18 as of December 20, 2024.

What is the market cap of Resources Connection (RGP)?

The market cap of Resources Connection (RGP) is approximately 274.1M.

What does Resources Connection, Inc. do?

Resources Connection, Inc. (RGP) provides consulting and business initiative support services, focusing on practical advice and quality execution across various business domains.

What are the main segments of RGP?

RGP operates through two main segments: Resources Global Professionals (RGP) and Other Segments.

Which industries does RGP serve?

RGP serves industries including accounting, finance, corporate governance, risk and compliance management, corporate advisory, strategic communications, information management, human capital, supply chain management, and legal and regulatory sectors.

What services does RGP offer?

RGP offers services in transformation and improvement, financial reporting and analysis, strategy development, and program and project management.

Where is RGP headquartered?

RGP is headquartered in Irvine, California.

How does RGP differentiate itself from traditional consultants?

RGP focuses on practical, high-quality advice and meticulous execution, ensuring clients not only know what needs to be done but also see it effectively implemented.

Who are the professionals at RGP?

RGP's professionals come from diverse backgrounds in finance, human capital, information management, legal, risk and compliance, and supply chain, bringing a wealth of knowledge and experience.

What is RGP’s approach to client engagement?

RGP partners with business leaders to solve problems, implement initiatives, drive change, and transfer knowledge, adding value as soon as the engagement begins.

What recent achievements has RGP made?

RGP has achieved significant milestones in various sectors, including financial transformation, human capital optimization, and IT strategy development.

Why should businesses choose RGP?

Businesses should choose RGP for its practical consulting approach, proven problem-solving capabilities, and a track record of successful client engagements.

Resources Connection

Nasdaq:RGP

RGP Rankings

RGP Stock Data

274.13M
32.66M
2.41%
89.81%
2.35%
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