RGP

Resources Connection, Inc. Reports Financial Results for Third Quarter Fiscal 2024

Retrieved on: 
Wednesday, April 3, 2024
Consulting, Professional Services, Business, Human Resources, Automation, Prior, Growth, Environment, Reference Point, ERP, Acquisition, AI, RGP, Adjustment

Resources Connection, Inc. (Nasdaq: RGP) (the “Company”), a global consulting firm, today announced financial results for its fiscal third quarter ended February 24, 2024.

Key Points: 
  • Resources Connection, Inc. (Nasdaq: RGP) (the “Company”), a global consulting firm, today announced financial results for its fiscal third quarter ended February 24, 2024.
  • “We successfully launched the first wave of our technology transformation in North America during the quarter, including a new talent management system.
  • SG&A expenses for the third quarter of fiscal 2024 were $49.6 million, or 32.8% of revenue, compared to $59.4 million, or 31.8% of revenue, for the third quarter of fiscal 2023.
  • The Company delivered an Adjusted EBITDA margin of 7.1% in the third quarter of fiscal 2024 compared to 8.9% in the prior year comparable quarter primarily due to lower gross margin and expense deleveraging on the lower revenue base.

Resources Connection, Inc. Announces Appointment of Bhadresh Patel as Chief Operating Officer

Retrieved on: 
Wednesday, April 3, 2024
Consulting, Professional Services, Human Resources, Growth, ICF, Digital, Acquisition, RGP, Senior, Management

Resources Connection, Inc. (Nasdaq: RGP) (“RGP”), a global consulting firm, today announced the appointment of Bhadresh Patel as Chief Operating Officer (“COO”), effective as of April 7, 2024.

Key Points: 
  • Resources Connection, Inc. (Nasdaq: RGP) (“RGP”), a global consulting firm, today announced the appointment of Bhadresh Patel as Chief Operating Officer (“COO”), effective as of April 7, 2024.
  • Mr. Patel joined RGP in July 2019 as part of the company’s acquisition of digital transformation firm Veracity Consulting Group, LLC (“Veracity”).
  • Mr. Patel has also served as RGP’s Chief Digital Officer since September 2021, responsible for technology, infrastructure, and digital modernization of the firm.
  • Veracity Chief Operating Officer Jon Bohlman will lead during this interim period.

Resources Connection to Acquire Reference Point LLC

Retrieved on: 
Thursday, March 28, 2024
Insurance, Human Resources, Finance, Consulting, Banking, Accounting, Professional Services, Small Business, Data Analytics, Other Professional Services, Organization, Growth, Digital, Reference Point, Data, RGP, Consultant, Financial services

Resources Connection, Inc. (Nasdaq: RGP) (“RGP”), a global consulting firm, today announced it has entered into a definitive agreement to acquire Reference Point LLC (“Reference Point”).

Key Points: 
  • Resources Connection, Inc. (Nasdaq: RGP) (“RGP”), a global consulting firm, today announced it has entered into a definitive agreement to acquire Reference Point LLC (“Reference Point”).
  • Led by Managing Partner Scott Goeden, Reference Point employs a differentiated consulting delivery model where engagements are led by former industry executives supported by top-tier consultants.
  • Reference Point was established in 2002 by former banking executives aiming to help clients manage complex operational challenges unique to the financial services industry.
  • Clearsight Advisors, Inc. served as exclusive financial advisor to Reference Point in connection with the transaction.

Resources Connection, Inc. to Announce Fiscal 2024 Third Quarter Results on April 3, 2024

Retrieved on: 
Wednesday, March 20, 2024
Consulting, Professional Services, Human Resources, Webcast, RGP

Resources Connection, Inc. (Nasdaq: RGP ) (the “Company,” “we,” “us” and “our”), a global consulting firm, will announce results of operations for its third quarter of fiscal 2024 ended February 24, 2024, after the close of market on Wednesday, April 3, 2024.

Key Points: 
  • Resources Connection, Inc. (Nasdaq: RGP ) (the “Company,” “we,” “us” and “our”), a global consulting firm, will announce results of operations for its third quarter of fiscal 2024 ended February 24, 2024, after the close of market on Wednesday, April 3, 2024.
  • A live webcast of the call will be available on the “Investor Relations” Events section of the Company’s website.
  • To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.
  • A replay of the webcast will also be available for a limited time by visiting the https://ir.rgp.com/events section of the Company’s website.

Resources Connection to Participate in the Sidoti Virtual Investor Conference

Retrieved on: 
Thursday, March 7, 2024
Consulting, Professional Services, Human Resources, RGP, Conference

Resources Connection, Inc. (Nasdaq: RGP) (the “Company”), a global consulting firm, today announced that Kate Duchene, Chief Executive Officer, and Jenn Ryu, Chief Financial Officer will participate in a fireside chat at the Sidoti Virtual Investor Conference on Thursday, March 14, 2024 from 3:15 to 3:45 PM Eastern Time.

Key Points: 
  • Resources Connection, Inc. (Nasdaq: RGP) (the “Company”), a global consulting firm, today announced that Kate Duchene, Chief Executive Officer, and Jenn Ryu, Chief Financial Officer will participate in a fireside chat at the Sidoti Virtual Investor Conference on Thursday, March 14, 2024 from 3:15 to 3:45 PM Eastern Time.
  • A webcast of the presentation will be available live through the Investor Relations section of the Company’s website at http://ir.rgp.com/events.cfm and here .
  • Management will also host virtual one-on-one and small group meetings throughout the day.

Supply Chain Resources Group Bolsters Leadership Team with Esteemed Board of Advisors

Retrieved on: 
Thursday, February 22, 2024
CFO, Sustainability, MEA, TPG Inc., LVMH, Central bank, Electronics, Growth, ADT, Strategos, Harvard University, AlixPartners, RGP, Software as a service, Brown–Forman, Delta Air Lines, Symbol Technologies, Virginia Coalition, Target, Cisco, Apple, EBay, Akasha, Goldman Sachs, Independent, TES, Central Waqf Council, Stanford University, Neiman Marcus, PepsiCo, Yes Bank, Management

Her operational expertise helping customers improve quality, reduce costs, and manage risks further strengthens the strategic vision of the leadership team.

Key Points: 
  • Her operational expertise helping customers improve quality, reduce costs, and manage risks further strengthens the strategic vision of the leadership team.
  • Mahesh Krishnamurti (New York, NY & Mumbai, India) brings a strategic and global perspective to Supply Chain Resources Group.
  • "We are thrilled to welcome such a distinguished group of professionals to our Board of Advisors," said Xander Kameny , CFO/COO at Supply Chain Resources Group. "
  • The expanded Board of Advisors reflects Supply Chain Resources Group 's dedication to fostering a dynamic and forward-thinking leadership team.

Resources Connection, Inc. Announces Quarterly Dividend and Dividend Payment Date

Retrieved on: 
Thursday, January 18, 2024
Consulting, Professional Services, Business, Human Resources, RGP

Resources Connection, Inc. (Nasdaq: RGP ) (the “Company”) announced today that the Board of Directors has approved a cash dividend of $0.14 per share, payable on March 14, 2024 to all stockholders of record on February 15, 2024.

Key Points: 

Resources Connection, Inc. (Nasdaq: RGP ) (the “Company”) announced today that the Board of Directors has approved a cash dividend of $0.14 per share, payable on March 14, 2024 to all stockholders of record on February 15, 2024.

TRINITY HUNT PARTNERS ANNOUNCES FORMATION OF SPRINGLINE ADVISORY AND WELCOMES CEO TIM BRACKNEY

Retrieved on: 
Thursday, January 18, 2024
Philosophy, Resources Global Professionals, Heart, DNA, Culture, Partnership, RGP, Good, Acquisition, NDAQ, Growth, Retail

Springline was initially formed through a partnership with MarksNelson , an "IPA 200" accounting and advisory firm headquartered in Kansas City.

Key Points: 
  • Springline was initially formed through a partnership with MarksNelson , an "IPA 200" accounting and advisory firm headquartered in Kansas City.
  • Leading Springline is CEO Tim Brackney, who joins from Resources Global Professionals (NDAQ: RGP) where he was most recently President and Chief Operating Officer.
  • "I am excited to join Springline Advisory and steward its development into a premier national business advisory platform.
  • Backing Springline is Trinity Hunt Partners , a growth-oriented middle-market private equity firm with deep expertise in business and professional services companies.

Resources Connection, Inc. Reports Financial Results for Second Quarter Fiscal 2024

Retrieved on: 
Wednesday, January 3, 2024
Legal, Insurance, Human Resources, Finance, Consulting, Banking, Accounting, Professional Services, Small Business, Other Professional Services, RGP, Acquisition, Center of excellence, Calendar, Prior, Environment

Resources Connection, Inc. (Nasdaq: RGP) (the “Company”), a global consulting firm, today announced financial results for its fiscal second quarter ended November 25, 2023.

Key Points: 
  • Resources Connection, Inc. (Nasdaq: RGP) (the “Company”), a global consulting firm, today announced financial results for its fiscal second quarter ended November 25, 2023.
  • Gross margin was 38.9% compared to 41.1% in the second quarter of fiscal 2023.
  • SG&A for the second quarter of fiscal 2024 was $53.0 million, or 32.5% of revenue, compared to $56.8 million, or 28.3% of revenue, for the second quarter of fiscal 2023.
  • The Company delivered an Adjusted EBITDA margin of 9.8% in the second quarter of fiscal 2024 compared to 14.8% in the prior year comparable quarter.

Resources Connection, Inc. to Announce Fiscal 2024 Second Quarter Results on January 3, 2024

Retrieved on: 
Wednesday, December 20, 2023
Consulting, Professional Services, Business, Finance, RGP, Webcast

Resources Connection, Inc. (Nasdaq: RGP ) (the “Company,” “we,” “us” and “our”), a global consulting firm, will announce results of operations for its second quarter of fiscal 2024 ended November 25, 2023, after the close of market on Wednesday, January 3, 2024.

Key Points: 
  • Resources Connection, Inc. (Nasdaq: RGP ) (the “Company,” “we,” “us” and “our”), a global consulting firm, will announce results of operations for its second quarter of fiscal 2024 ended November 25, 2023, after the close of market on Wednesday, January 3, 2024.
  • A live webcast of the call will be available on the “Investor Relations” Events section of the Company’s website.
  • To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.
  • A replay of the webcast will also be available for a limited time by visiting the https://ir.rgp.com/events section of the Company’s website.