Resources Connection, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended November 27, 2021
January 05, 2022 at 04:05 pm
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Resources Connection, Inc. reported earnings results for the second quarter and six months ended November 27, 2021. For the second quarter, the company reported sales was USD 200.24 million compared to USD 153.22 million a year ago. Net income was USD 14.31 million compared to net loss of USD 0.992 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to basic loss per share from continuing operations of USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.42 compared to diluted loss per share from continuing operations of USD 0.03 a year ago.
For the six months, sales was USD 383.38 million compared to USD 300.57 million a year ago. Net income was USD 27.23 million compared to USD 1.29 million a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.81 compared to USD 0.04 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.