Resources Connection, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended February 25, 2024
April 03, 2024 at 04:30 pm EDT
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Resources Connection, Inc. reported earnings results for the third quarter and nine months ended February 25, 2024. For the third quarter, the company reported sales was USD 151.31 million compared to USD 186.78 million a year ago. Net income was USD 2.55 million compared to USD 7.02 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.21 a year ago.
For the nine months, sales was USD 484.6 million compared to USD 591.19 million a year ago. Net income was USD 10.56 million compared to USD 42.59 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 1.27 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 1.24 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.