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Stock impact report

Resources Connection Reports Financial Results for Second Quarter Fiscal 2025

Resources Connection, Inc. (RGP) 
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Resources Connection, Inc. (Nasdaq: RGP) (the “Company”), a professional services firm, today announced its financial results for its second quarter of fiscal 2025 ended November 23, 2024.Second Quarter Fiscal 2025 Highlights Compared to Prior Year Quarter:Revenue of $145.6 million compared to $163.1 million, a decline of 10.7%Same-day constant currency revenue, a non-GAAP measure, declined by 13.2%Gross margin of 38.5% compared to 38.9%Selling, general and administrative expenses (“SG&A”) of $51.3 million improved 3.2% from $53.0 millionNet loss of $68.7 million (net loss margin of 47.2%), including a non-cash goodwill impairment charge of $79.5 million, compared to net income of $4.9 million (net income margin of 3.0%)Diluted (loss) earnings per common share of $(2.08) compared to $0.14Adjusted diluted earnings per common share of $0.18 compared to $0.28Adjusted EBITDA, a non-GAAP measure, of $9.7 million (Adjusted EBITDA margin of 6.6%) compared to $16. Show less Read more
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