Resources Connection (RECN) Tops Q2 EPS by 9c
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Resources Connection, Inc. Reports Second Quarter Results for Fiscal 2020
January 2, 2020 4:05 PM ESTSecond Quarter Fiscal 2020 Highlights:
Revenue $184.5 million, down 2.3% from prior year quarter, up 7.1% sequentially Gross margin percentage of 40.3%, an improvement of 140 basis points from prior year quarter SG&A as a percent of revenue improves 400 basis points sequentially Net income of $12.3 million, up 16.8% from $10.6 million in prior year quarter Diluted earnings per common share of $0.38, up 15.2% from $0.33 in prior year quarter Adjusted EBITDA increases to $22.7 million compared to $20.0 million in prior year quarter Adjusted EBITDA margin improves by 170 basis points to 12.3% compared to prior year quarter Cash... More