Last $15.16 USD
Change Today -0.16 / -1.04%
Volume 128.4K
RECN On Other Exchanges
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As of 5:20 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

resources connection inc (RECN) Snapshot

Open
$15.26
Previous Close
$15.32
Day High
$15.32
Day Low
$14.97
52 Week High
01/3/14 - $15.94
52 Week Low
10/9/13 - $11.64
Market Cap
580.9M
Average Volume 10 Days
183.4K
EPS TTM
$0.56
Shares Outstanding
38.3M
EX-Date
05/20/14
P/E TM
27.1x
Dividend
$0.28
Dividend Yield
1.85%
Current Stock Chart for RESOURCES CONNECTION INC (RECN)

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resources connection inc (RECN) Details

Resources Connection, Inc. provides consulting services. It offers finance and accounting services, such as financial analyses, carve-outs and divestitures, merger and acquisition due diligence, budgeting and forecasting, audit preparation, public-entity reporting, tax-related projects, initial public offering assistance, and assistance in the preparation or restatement of financial statements. The company also offers information management services, which include financial system/enterprise resource planning implementation and post implementation optimization; corporate advisory, strategic communications, and restructuring services; and services in the areas of corporate governance, risk management, internal audit co-sourcing, and compliance. In addition, it offers supply chain management services in the areas of strategic sourcing, contract negotiations and purchasing strategy, and Conflict Minerals compliance; healthcare solutions; actuarial support services for pension and life insurance companies; and human capital services, such as change management, and compensation program design and implementation. Further, the company provides legal and regulatory services, which comprise providing attorneys, paralegals, and contract managers to assist clients with project-based, secondment, or peak period needs. Additionally, it offers policyIQ, a cloud-based governance, risk, and compliance (GRC) software application that enables the focused management of a range of GRC processes, such as risk assessments, Sarbanes compliance, Foreign Corrupt Practices Act, policy and procedure management, internal audit programs, anti-corruption compliance, and Conflict Minerals compliance. The company has operations in North America, Europe, and the Asia Pacific. Resources Connection, Inc. was founded in 1996 and is headquartered in Irvine, California.

3,100 Employees
Last Reported Date: 07/17/14
Founded in 1996

resources connection inc (RECN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $625.0K
Co-Founder and Executive Chairman
Total Annual Compensation: $808.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $480.0K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $480.0K
Compensation as of Fiscal Year 2013.

resources connection inc (RECN) Key Developments

Resources Connection Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended May 31, 2014; Provides Tax Rate Guidance for the First Quarter of 2015; Provides Capex Guidance for the Full Year of Fiscal 2015

Resources Connection Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended May 31, 2014. For the quarter, the company reported operating income before amortization and depreciation was $14,748,000 compared with $12,175,000 for the same period a year ago. Operating income was $13,441,000 compared with $10,671,000 for the same period a year ago. Net income was $6,859,000 or $0.18 per basic and diluted share compared with $5,315,000 or $0.13 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $16,388,000 compared with $13,903,000 for the same period a year ago. Revenue for the fourth quarter of fiscal 2014 was $156.8 million, increasing 11.8% (11.6% on a constant dollar basis) compared to the prior year's fourth quarter and 18.2% (18.0% on a constant dollar basis) sequentially. Revenue in the U.S. increased 14.8% quarter-over-quarter and 20.2% sequentially. International revenue increased 1.9% quarter-over-quarter and 10.9% sequentially (0.9% quarter-over-quarter and 9.9% sequentially on a constant dollar basis). Since fiscal 2014 contained 53 weeks of operations, results for the fourth quarter include an extra week of revenue of approximately $9.8 million (a 14-week quarter) as compared to the fourth quarter of fiscal 2013 (a 13-week quarter). Excluding the 14th week revenues, quarter and sequential growth was 4.9% and 10.8%, respectively. Cash flow from operations and Adjusted EBITDA were $18.4 million for the fourth quarter of fiscal 2014 compared to $16.9 million for the fourth quarter of fiscal 2013. The increase results from cash generated from operations during the fourth quarter of $18.4 million, offset, in part, by share repurchases and dividends totaling approximately $10.7 million and capital expenditures of approximately $623,000 during the quarter. For the full year, the company reported operating income before amortization and depreciation was $43,291,000 compared with $45,976,000 for the same period a year ago. Operating income was $37,975,000 compared with $39,702,000 for the same period a year ago. Net income was $19,886,000 or $0.51 per basic and diluted share compared with $20,504,000 or $0.50 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $49,810,000 compared with $53,164,000 for the same period a year ago. The company's revenue for the year ended May 31, 2014 was $567.2 million compared to $556.3 million for the year ended May 25, 2013. On a comparable 52-week basis excluding revenues of $9.8 million during the 53(rd) week of fiscal 2014, revenues improved $1.1 million in fiscal 2014 (0.2%) as compared to fiscal 2013. For fiscal 2014, the company generated cash flow from operations of $32 million. For fiscal 2015, the company anticipates capital expenditures of approximately $2 million, of which about $500,000 should occur in the first quarter. For the first quarter of fiscal 2015, the company anticipates a tax rate approximately 48%, excluding the impact of the residual European severance charges.

Resources Connection Inc. to Report Q4, 2014 Results on Jul 17, 2014

Resources Connection Inc. announced that they will report Q4, 2014 results After-Market on Jul 17, 2014

Resources Connection Inc., Q4 2014 Earnings Call, Jul 17, 2014

Resources Connection Inc., Q4 2014 Earnings Call, Jul 17, 2014

 

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RECN

Industry Average

Valuation RECN Industry Range
Price/Earnings 30.3x
Price/Sales 1.0x
Price/Book 1.7x
Price/Cash Flow 23.6x
TEV/Sales 0.9x
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