Last $14.65 USD
Change Today +0.31 / 2.16%
Volume 99.0K
RECN On Other Exchanges
As of 5:20 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

resources connection inc (RECN) Snapshot

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52 Week High
08/19/14 - $15.98
52 Week Low
06/4/14 - $11.84
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Average Volume 10 Days
Shares Outstanding
Dividend Yield

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resources connection inc (RECN) Details

Resources Connection, Inc. provides consulting and business initiative support services in North America, Europe, and the Asia Pacific. Its finance and accounting services include process transformation and improvement; financial reporting and analysis; technical and operational accounting; merger and acquisition due diligence; audit response; implementation of new accounting standards; and remediation support. The company’s information management services comprise strategy development, program and project management, business and technology integration, data strategy, and business performance management; and human capital services consist of change management, organization development and effectiveness, and optimization of human resources technology and operations. It also offers corporate advisory, strategic communications, and restructuring services; corporate governance, risk, and compliance management services, including contract and regulatory compliance; enterprise risk management; internal controls management; and operation and IT audits. In addition, the company provides supply chain management services consisting of supply chain strategy development, procurement and supplier management, logistics and materials management, supply chain planning and forecasting, and conflict minerals and unique device identification compliance. Further, it offers legal and regulatory services with projects, secondments or tactical needs, including commercial transactions; compliance initiatives; law department operations; and business strategy and litigation support. Additionally, the company provides policyIQ, a proprietary cloud-based governance, risk, and compliance software application. Resources Connection, Inc. was founded in 1996 and is headquartered in Irvine, California.

3,113 Employees
Last Reported Date: 07/28/14
Founded in 1996

resources connection inc (RECN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $783.0K
Co-Founder and Executive Chairman
Total Annual Compensation: $783.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $498.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $492.5K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $498.0K
Compensation as of Fiscal Year 2014.

resources connection inc (RECN) Key Developments

Resources Connection Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended August 30, 2014; Provides Earnings Guidance for the Second Quarter of Fiscal 2015

Resources Connection Inc. reported unaudited consolidated earnings results for the first quarter ended August 30, 2014. For the quarter, the company’s revenue was $143.4 million; increasing 8.9% compared to $131.7 million for the prior year's first quarter and was down 8.5% sequentially. The company's net income increased 46% in the first quarter of fiscal 2015 to $5.4 million, or $0.14 per basic and diluted share, compared to net income for the first quarter of fiscal 2014 of $3.7 million, or $0.09 per basic and diluted share. Net income in the first quarter of fiscal 2015 includes severance and related charges for European personnel reductions totaling $700,000 or $0.02 per diluted share. Cash used in operations and adjusted EBITDA were $8.7 million and $13.5 million (9.4% of revenue), respectively, for the first quarter of fiscal 2015 compared to cash provided by operations and adjusted EBITDA of $5.3 million and $9.8 million (7.4% of revenue), respectively, for the first quarter of fiscal 2014. Operating income before amortization and depreciation was $11,946,000 compared to $8,098,000 a year ago. Operating income was $10,668,000 compared to $6,720,000 a year ago. Income before provision for income taxes was $10,706,000 compared to $6,759,000 a year ago. EBITDA was $11,946,000 compared to $8,098,000 a year ago. For the second quarter of fiscal 2015, the company anticipates a tax rate of approximately 48.5% excluding the impact of the residual European severance charges.

Resources Global Professionals Names Mark Campbell as Vice President - European Region

Resources Global Professionals announced the appointment of Mark Campbell as Vice President - European Region. Campbell will be responsible for the successful execution of RGP's business model in Europe. Campbell is a proven business leader with over 27 years of consulting experience, many of these as Partner, Senior Vice President and Chief Executive. Most recently, Campbell was with Hitachi Consulting as Head of Management Consulting and Sales for the EMEA Region.

Resources Connection Inc., Annual General Meeting, Oct 23, 2014

Resources Connection Inc., Annual General Meeting, Oct 23, 2014., at 13:30 Pacific Standard Time. Location: Resources Global Professionals. Agenda: To vote for the election of Robert F. Kistinger, Jolene Sarkis and Anne Shih to Board of Directors, each for a three-year term expiring at the annual meeting in 2017 and until their respective successors are duly elected and qualified; to approve the Resources Connection, Inc. 2014 Performance Incentive Plan; to approve an amendment to the Resources Connection, Inc. Employee Stock Purchase Plan to extend the term of the plan by eight years and to increase the number of shares available for issuance under the plan by 1,500,000 shares; to ratify the engagement of McGladrey LLP as the Company's independent registered public accounting firm for fiscal year 2015; to approve on an advisory basis Resources Connection, Inc.'s executive compensation; and to transact such other business as may properly come before the meeting or any postponements or adjournments thereof.


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