Resources Connection, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2023
January 04, 2024 at 04:30 pm EST
Share
Resources Connection, Inc. reported earnings results for the second quarter and six months ended November 30, 2023. For the second quarter, the company reported sales was USD 163.13 million compared to USD 200.36 million a year ago. Net income was USD 4.9 million compared to USD 17.43 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.51 a year ago.
For the six months, sales was USD 333.3 million compared to USD 404.42 million a year ago. Net income was USD 8.01 million compared to USD 35.57 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 1.07 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 1.04 a year ago.
Resources Connection, Inc. is a global consulting company. The Company operates through two segments: Resources Global Professionals (RGP) and Sitrick. RGP segment is a global business consulting firm focused on project execution services that power clientsâ operational needs and change initiatives with experienced and diverse talent. Sitrick segment is a crisis communications and public relations firm, which operates under the Sitrick brand, providing corporate, financial, transactional and crisis communication and management services. The Company serves its clients in support of projects and initiatives in an array of functional areas, including transactions, which includes integration and divestitures, bankruptcy/restructuring, going public readiness and support, financial process optimization, and system implementation; regulations, which includes accounting regulations, internal audit and compliance, and other, and transformations, which include finance transformation and other.