Resources Connection Inc

Resources Connection Inc (RGP) News & Events

$4.140

-0.049 (-1.19%)At close

RGP News

RGP Events

7/22 17:30

Sees Q1 Gross Margin at 37%-38%

Sees Q1 gross margin 37%-38%.

7/22 17:30

Company Reallocates Capital to Targeted Investments

Says reallocating capital to targeted investments. Says balance sheet remains strong. Comments taken from Q4 earnings conference call.

7/22 16:30

Q4 Revenue at $106.1M, Below Consensus

Reports Q4 revenue $106.1M, consensus $106.8M. "Consistent with the prior quarter, fourth quarter results were aligned with our outlook for revenue, gross margin, and run rate SG&A expense," said Roger Carlile, Chief Executive Officer. "Market conditions also remain broadly consistent to the third quarter with our North America and Asia markets performing as expected while Europe exhibited some weakness. As a result, our priorities continue to be refocusing our On-Demand Talent segment offerings, scaling our Consulting segment, pursuing AI as both a client-service and an internal opportunity, streamlining how we operate and aligning our cost structure with our revenue levels. In the fourth quarter, we made additional focused investments to support these priorities, and we continue to expect these and prior quarter investments to drive revenue growth as they mature through an anticipated ramp-up period."

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