Q3 2025 Resources Connection Inc Earnings Call Transcript

Apr 2, 2025 / 09:00 PM GMT

Release Date Price: €6.05 (-0.82%)

Transcript 10-Q8-K

Key Points

Positve

Resources Connection Inc (RGP) reported total revenue of $129.4 million, which was in line with expectations.
The company saw strengthening across its practices in Europe, Japan, and the Philippines, with Europe showing key performance improvements.
RGP doubled the number of $1 million plus engagements won this quarter compared to a year ago.
The company has enhanced its client offerings with a diversified services platform, providing flexibility and value-based execution support.
RGP has improved operational efficiency by lowering its cost structure, optimizing headcount, and reducing discretionary spending.

Negative

The operating environment in the US remains sluggish due to increased uncertainty and decreased consumer confidence.
RGP's on-demand and consulting segments, predominantly US-based, were impacted by macroeconomic conditions, leading to revenue declines.
The company recorded a non-cash goodwill impairment charge of $42 million due to sluggish demand in its on-demand and consulting segments.
RGP experienced a slowdown in growth in its Europe and Asia segments, with Europe impacted by consultant holidays and APAC by macroeconomic challenges in China.
The company anticipates delays in client decision-making to continue, affecting early fourth-quarter revenue.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RGP.OQ - Resources Connection Inc
Q3 2025 Resources Connection Inc Earnings Call
Apr 02, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon ladies and gentlemen, and welcome to the Resources Connection in conference call. Currently all participants are in a listen-only mode. Later we will conduct a question and answer session and instructions will follow at that time. As a reminder, this conference call is being recorded. At this time, I would like to remind everyone that management will be commenting on results for the 3rd quarter ended February 22, 2025. They will also refer to certain non-gap financial measures. An explanation and reconciliation of these measures to the most comparable GAAP financial measures are included in the press release issued today. Today's press release can be viewed in the investors relations section of RGP's website and

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