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Last $15.69 USD
Change Today -0.23 / -1.44%
Volume 145.3K
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

resources connection inc (RECN) Snapshot

Open
$15.90
Previous Close
$15.92
Day High
$16.00
Day Low
$15.49
52 Week High
02/25/15 - $18.54
52 Week Low
06/4/14 - $11.84
Market Cap
589.5M
Average Volume 10 Days
92.3K
EPS TTM
$0.77
Shares Outstanding
37.6M
EX-Date
05/19/15
P/E TM
20.4x
Dividend
$0.32
Dividend Yield
2.04%
Current Stock Chart for RESOURCES CONNECTION INC (RECN)

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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. Declares Regular Quarterly Dividend, Payable on June 18, 2015

On April 23, 2015, the board of directors of Resources Connection Inc. declared a regular quarterly dividend of $0.08 per share on the company's common stock. The dividend is payable on June 18, 2015, to shareholders of record at the close of business on May 21, 2015.

Resources Connection Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015; Provides Earnings Guidance for Fourth Quarter of Fiscal 2015

Resources Connection Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, the company reported revenue of $146,832,000 against $132,725,000 a year ago. Operating income was $10,462,000 against $4,860,000 a year ago. Income before provision for income taxes was $10,499,000 against $4,901,000 a year ago. Net income was $5,989,000 or $0.16 per diluted share against $2,279,000 or $0.06 per diluted share a year ago. EBITDA was $11,363,000 against $6,161,000 a year ago. Adjusted EBITDA was $12,886,000 against $7,762,000 a year ago. Pro forma quarter-over-quarter revenue increase would have been 9.8%. For the nine months, the company reported revenue of $441,775,000 against $410,398,000 a year ago. Operating income was $35,738,000 against $24,534,000 a year ago. Income before provision for income taxes was $35,852,000 against $24,534,000 a year ago. Net income was $19,400,000 or $0.51 per diluted share against $13,027,000 or $0.33 per diluted share a year ago. EBITDA was $39,168,000 against $28,543,000 a year ago. Adjusted EBITDA was $43,795,000 against $33,422,000 a year ago. Cash flow from operating activities was $2,805,000 against $13,666,000 a year ago. The company used cash in operations of $2.9 million. For the fourth quarter of fiscal 2015, the company expects weekly revenues for the first 5 weeks of the fourth quarter totaled $58 million and were $11.9 million, $11.7 million, $11.6 million, $11.9 million and $10.9 million last week, which includes Good Friday. Gross margin in the fourth quarter of fiscal 2015, would expect gross margins to improve sequentially by approximately 150 basis points, primarily due to the reduction in compensated holidays and reduced payroll taxes. The company anticipates a fourth quarter effective tax rate of approximately 44%.

Resources Connection Inc. to Report Q3, 2015 Results on Apr 08, 2015

Resources Connection Inc. announced that they will report Q3, 2015 results After-Market on Apr 08, 2015

 

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Industry Analysis

RECN

Industry Average

Valuation RECN Industry Range
Price/Earnings 23.3x
Price/Sales 1.0x
Price/Book 1.8x
Price/Cash Flow 19.3x
TEV/Sales 0.8x
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