Resources Connection, Inc. (RGP)

Over the past six months, RGP's stock performance has seen a decline of -5.2%. RGP reported revenue of $120.2 million in Q1 Fiscal 2026, a decline from the prior year quarter, but gross margin and net loss improved. In Q2 Fiscal 2026, the company's EPS surpassed estimates, but quarterly revenue fell short, deepening a bearish narrative. RGP announced additional reduction-in-force initiatives to generate $6-$8 million in annual savings. CEO Roger Carlile transferred 4,137 shares to living trusts. In fiscal year 2025, RGP recorded a significant non-cash goodwill impairment charge of $194.4 million.

RGP experiences demand seasonality, as indicated by restructuring efforts and cost-cutting measures in response to seasonal fluctuations and operational challenges. Revenue guidance for Q3 2026 also suggested a modest outlook amidst seasonal fluctuations.

Resources Connection, Inc. (RGP) is a global professional services and consulting firm founded in 1996 and headquartered in Irvine, California. RGP provides business consulting services through a hybrid model that integrates on-demand experienced talent, next-generation consulting, and outsourced services. RGP's major products and services are delivered through On-Demand Talent, Consulting (Veracity by RGP™), Outsourced Services (Countsy by RGP™), and Sitrick Communications. RGP serves a diverse client base across various industries, including healthcare, financial services, technology, consumer products, and retail, engaging with over 1,700 clients annually, including 88% of Fortune 100 companies.

Resources Connection, Inc. has a significant global presence, operating in over 37 countries with 41 to 43 physical practice offices worldwide, supplemented by multiple virtual offices. North America accounts for approximately 85% of RGP's total revenue, and the company's operations are segmented across North America, Europe, and Asia Pacific.

In the past year, RGP has maintained a positive brand reputation. RGP was named among Forbes' World's Best Management Consulting Firms and America's Best Midsize Employers for a fourth consecutive year and was recognized as one of the "Best Companies to Work For" by U.S. News & World Report. RGP unveiled a new brand identity and architecture to reflect its revamped go-to-market strategy. RGP emphasizes its guiding philosophy of "Dare to Work Differently®."

Resources Connection, Inc. has 348 institutional owners and shareholders holding a total of 32,846,671 shares. Major institutional owners include BlackRock, Inc., Tieton Capital Management, LLC, and Vanguard Group Inc.