RGP Q3 revenue $151.3M (-19% YoY); net income $2.6M ($0.08 EPS); appoints Bhadresh Patel COO

RESOURCES CONNECTION, INC.

2024-Q3 EPS reported $0.31 revenue$484,603,000

Revenue $151.3M (-19% YoY); net income $2.6M ($0.08 EPS) vs $7.0M ($0.21).
Same-day constant currency revenue -19.6%; gross margin 37.0% vs 38.3%.
SG&A $49.6M (-16.5% YoY); Adj. EBITDA $10.8M (7.1% margin) vs $16.6M (8.9%).
Cash dividend $0.14/share (unchanged); cash+revolver $287.4M.
Bhadresh Patel appointed COO eff. Apr 7, 2024; $550K base salary, target bonus $550K for FY2025.

item 2.02 item 5.02 item 7.01 item 9.01

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Appointed

Bhadreskumar Patel

Chief Operating Officer

RGP · RESOURCES CONNECTION, INC.

Effective: 2024-04-07
Filed: April 3, 2024, 7:59 PM ET

On April 3, 2024, Resources Connection, Inc. (the “Company”) announced that Bhadreskumar Patel, age 49, has been appointed as the Chief Operating Officer of the Company, effective April 7, 2024.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RESOURCES CONNECTION, INC. reported third quarter ended February 24, 2024 results: revenue $151.3 million, net income $2.6 million, EPS $0.08 per diluted share.

Period: third quarter ended February 24, 2024
Revenue: $151.3 million
Net income: $2.6 million
EPS: $0.08 per diluted share
Result: reported results

Exact text from the filing

today announced financial results for its fiscal third quarter ended February 24, 2024. Third Quarter Fiscal 2024 Highlights Compared to the Prior Year Quarter: • Revenue of $151.3 million compared to $186.8 million • Same-day constant currency revenue, a non-GAAP measure, declined 19.6% • Gross margin of 37.0% compared to 38.3% • SG&A expenses of $49.6 million

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bhadreskumar Patel was appointed as Chief Operating Officer at RESOURCES CONNECTION, INC..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On April 3, 2024, Resources Connection, Inc. (the “Company”) announced that Bhadreskumar Patel, age 49, has been appointed as the Chief Operating Officer of the Company, effective April 7, 2024.

View on SEC.gov

1349 earnings releases filed in the last 30 days. Browse all earnings releases →

RESOURCES CONNECTION, INC. filing history →

Source: SEC EDGAR

accession 0001084765-24-000046

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