Resources Connection (RECN) Reports Q2 EPS of 16c

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Go back to Resources Connection (RECN) Reports Q2 EPS of 16c

Resources Connection, Inc. Reports Second Quarter Results for Fiscal 2017

January 4, 2017 4:06 PM EST

Company reports second quarter revenue of $147.6 million Revenue improves quarter-over quarter in Europe (4.0%) and Asia Pacific (9.2%) Net income of $5.7 million (3.9% of revenue) and Adjusted EBITDA* of $12.3 million (8.3% of revenue) for quarter Company pays $4.0 million dividend ($0.11 per share to shareholders) in second quarter Company completes tender offer for 6.5 million shares during quarter for $104.2 million

*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