Resources Connection (RECN) Tops Q4 EPS by 2c
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Resources Connection, Inc. Reports Fourth Quarter and Year-End Results for Fiscal 2016
July 14, 2016 4:05 PM EDTCompany reports quarter-over-quarter revenue increase of 2.5% to $152.5 million; increase for year of 1.3% to $598.5 million Earnings per share improve 9.5% to $0.23 for quarter; up 12.5% for year to $0.81 Adjusted EBITDA* increases 6.2% to $17.8 million for quarter (11.7% of revenue); up 5.1% to $63.6 million for fiscal year (10.6% of revenue) Company returns capital to shareholders of $11.8 million in fourth quarter and $42.2 million in fiscal 2016
*Adjusted EBITDA is defined as earnings before interest, income taxes, depreciation, amortization and stock-based compensation
IRVINE, Calif.--(BUSINESS WIRE)-- Resources Connection, Inc. (NASDAQ:... More
