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Last $17.38 USD
Change Today -0.12 / -0.69%
Volume 39.9K
RECN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 2:14 PM 04/1/15 All times are local (Market data is delayed by at least 15 minutes).

resources connection inc (RECN) Snapshot

Open
$17.47
Previous Close
$17.50
Day High
$17.53
Day Low
$17.23
52 Week High
02/25/15 - $18.54
52 Week Low
06/4/14 - $11.84
Market Cap
652.4M
Average Volume 10 Days
117.8K
EPS TTM
$0.67
Shares Outstanding
37.6M
EX-Date
02/17/15
P/E TM
25.9x
Dividend
$0.32
Dividend Yield
1.79%
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 Global Professionals Promotes George Chin to North America Managing Director, Transaction Services

Resources Global Professionals announced that the company has promoted George Chin to North America Managing Director, Transaction Services. He leads the Company's Mergers & Acquisitions (M&A) Transaction Services to help businesses navigate the complexities of the M&A process and maximize strategic value during post-merger integration. Chin brings over 25 years of extensive operational and consulting experience and specializes in strategy, corporate development, M&A, divestitures, due diligence, merger integration and cross-border transactions.

Resources Connection Inc. Presents at Baird Business Solutions Conference, Feb-24-2015 04:10 PM

Resources Connection Inc. Presents at Baird Business Solutions Conference, Feb-24-2015 04:10 PM. Venue: The Pierre Hotel, 2 East 61st Street, New York, New York, United States. Speakers: Anthony Cherbak, Chief Executive Officer, President and Director, Nathan W. Franke, Chief Financial Officer, Principal Accounting Officer and Executive Vice President.

Resources Connection Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 29, 2014; Provides Earnings Guidance for the Third Quarter of 2015

Resources Connection Inc. announced unaudited consolidated earnings results for the second quarter and six months ended November 29, 2014. For the quarter, the company reported revenue of $151,496,000 compared to $145,969,000 a year ago. Operating income before amortization and depreciation was $15,859,000 compared to $14,284,000 a year ago. Operating income was $14,608,000 compared to $12,954,000 a year ago. Income before provision for income taxes was $14,647,000 compared to $12,997,000 a year ago. Net income was $8,016,000 compared to $7,095,000 a year ago. Basic and diluted net income per share was $0.21 compared to $0.18 a year ago. Adjusted EBITDA was $17,417,000 compared to $15,908,000 a year ago. Capital expenditures were $638,000 during the quarter. The company generated cash flow from operations of $14.3 million. For the six months, the company reported revenue of $294,943,000 compared to $277,673,000 a year ago. Operating income before amortization and depreciation was $27,805,000 compared to $22,382,000 a year ago. Operating income was $25,276,000 compared to $19,674,000 a year ago. Income before provision for income taxes was $25,353,000 compared to $19,756,000 a year ago. Net income was $13,411,000 compared to $10,748,000 a year ago. Basic and diluted net income per share was $0.35 compared to $0.27 a year ago. Adjusted EBITDA was $30,909,000 compared to $25,660,000 a year ago. Cash flow from operating activities was $5,664,000 compared to $8,421,000 a year ago. The company provided earnings guidance for the third quarter of 2015. The company expects gross margin in the third quarter of fiscal 2015 to decline approximately 250 basis points from the second quarter's gross margin due to the reset of payroll taxes on January 1 and the impact of holidays during the quarter. The company would expect depreciation and amortization expense for the upcoming quarters to decline to $1 million. For the third quarter of fiscal 2015, the company anticipates a tax rate of approximately 51%.

 

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Industry Analysis

RECN

Industry Average

Valuation RECN Industry Range
Price/Earnings 30.0x
Price/Sales 1.1x
Price/Book 1.9x
Price/Cash Flow 23.8x
TEV/Sales 1.0x
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