Resources Connection, Inc. Reports Earnings Results for the Second Quarter Ended November 28, 2020
January 06, 2021 at 04:02 pm EST
Share
Resources Connection, Inc. announced earnings results for the second quarter ended November 28, 2020. For the second quarter, the company announced sales was USD 153.222 million compared to USD 184.507 million a year ago. Operating income was USD 1.249 million compared to USD 17.688 million a year ago. Net loss was USD 992,000 compared to net income of USD 12.337 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.39 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.38 a year ago. For the half year, sales was USD 300.567 million compared to USD 356.732 million a year ago. Operating income was USD 5.453 million compared to USD 25.750 million a year ago. Net income was USD 1.292 million compared to USD 17.276 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.54 a year ago.
Resources Connection, Inc. is a global consulting firm. The Companyâs segments include Resources Global Professionals (RGP), and Other Segments. The RGP is a global consulting firm focused on project execution services that power clientsâ operational needs and change initiatives utilizing on-demand, experienced and diverse talent. The RGP also offers advisory offerings in the financial services sector across four areas: strategy and management, risk and regulatory compliance, digital and technology and data and analytics. The Other Segments include Sitrick, which is a crisis communications and public relations firm which operates under the Sitrick brand, providing corporate, financial, transactional and crisis communication and management services. It specializes in co-delivery of enterprise initiatives typically precipitated by business transformation, strategic transactions or regulatory change. The Companyâs principal markets of operations are North America, Europe and Asia Pacific.