Company Overview: Resources Connection, Inc.

Business Focus

• Type: Professional services firm
• Headquarters: Dallas, Texas
• Global Presence: Offices in multiple countries across North America, Europe, Asia Pacific, and other regions
• Main Services: Delivering flexible, high-impact solutions through:
  • Strategic and execution consulting
  • On-demand resourcing
  • Fully outsourcing services

Client Base & Market Position

• Clients Served: Over 1,600 clients worldwide (as of fiscal 2025)
• Major Clients: 88% of the Fortune 100
• Top 100 Clients: 78% retention rate over the past five fiscal years
• Employees & Professionals:
  • Total Employees: Approximately 3,055 (including management, administrative staff, and consultants)
  • Consultants/On-Demand Professionals: About 2,368 at fiscal year-end 2025
• Revenue (Fiscal Year Ended May 31, 2025): $551.3 million
• Net Loss: $191.8 million (due primarily to a large goodwill impairment charge)
• Earnings Before Tax: Loss of $196.1 million (mainly due to impairments and restructuring costs)

Business Segments

1. On-Demand Talent
   • Provides experts for flexible resource gaps
   • Offers temporary, project-based staffing
2. Consulting
   • Drives transformation in:
     • People
     • Processes
     • Technology
   • Domains include:
     • Accounting & Finance
     • Digital & Technology
     • Risk & Compliance
     • Supply Chain
     • Digital Transformation
     • Cloud Migration
     • Data Analytics
3. Europe & Asia Pacific
   • Geographic segment offering both on-demand and consulting services
   • Serves clients across Europe and Asia Pacific
4. Outsourced Services (Countsy by RGP™)
   • Offers finance, accounting, and HR services
   • Targets startups, spinouts, and scale-up enterprises
   • Utilizes a technology platform and fractional teams
5. Sitrick
   • Crisis communication and public relations firm
   • Provides corporate, financial, transactional, and crisis management services
   • Does not meet quantitative thresholds for standalone reporting segment

Recent Acquisitions

• Reference Point LLC (acquired July 1, 2024): Advisory firm focusing on strategy, risk, regulatory, and technology transformation services for financial institutions; integrated into the Consulting segment
• CloudGo: Acquired in fiscal 2024, expanded ServiceNow and digital capabilities, contributing $6.5 million to Asian Pacific revenue

Business Model & Market Trends

• Shift toward flexible, project-based workforce strategies
• Use of independent contractors, interim experts, and outsourcing instead of solely in-house staff
• Benefits for clients include access to specialized skills, regional and global talent, speed, cost efficiency, and increased flexibility
• Industry trend driven by labor shortages and the need for transformation, digitalization, and compliance

Key Strategic Goals

• Maintain high-caliber and experienced consultants
• Deepen consulting capabilities and client relationships
• Grow by penetrating existing clients and acquiring new ones
• Invest in digital transformation and AI capabilities
• Expand geographically and industry verticals
• Build and strengthen the RGP brand
• Engage in strategic acquisitions to augment capabilities
• Focus on flexible engagement and rapid project execution

Financial Highlights

• Revenue: $551.3 million in FY 2025
• Net Loss: $191.8 million (primarily due to a goodwill impairment of $194.4 million)
• Employees: Approximately 3,055
• Consultants: About 2,368
• Major Clients: No single client exceeds 10% of total revenue; top 10 clients represent 22%
• Market Capitalization (as of November 22, 2024): Approx. $259.6 million (market value of shares held by non-affiliates)
• Stock Symbol: RGP (Nasdaq Global Select Market)

Summary

Resources Connection, Inc. is a global, professional services firm specializing in transformational consulting, flexible staffing, and outsourcing solutions. It serves a diverse client base with a focus on companies undergoing business and technology change, regulatory compliance, and operational transformation. The company emphasizes agility, digital and AI capabilities, and strategic acquisitions to drive growth and maintain its competitive edge.