Investor Relations
Financials
& Filings
The following historical quarterly financial information is provided for informational purposes only and is not necessarily indicative of the future financial performance of RGP.
You can find additional historical financial information about RGP’s most recent periods in our filings with the Securities and Exchange Commission and in our most recent earnings press releases. You can access our filings with the Securities and Exchange Commission here. You can access our most recent earnings press releases by clicking here. You should not rely on our historical financial information to indicate RGP’s future financial performance. Our future financial performance is subject to risks and uncertainties, some of which are described in RGP’s filings with the Securities and Exchange Commission.
| Years Ended (3) | ||||||||
|---|---|---|---|---|---|---|---|---|
| May 25, 2024 | May 27, 2023 | May 28, 2022 | May 29, 2021 | May 30, 2020 (2) | May 25, 2019 | May 26, 2018 (1) | May 27, 2017 | |
| (in thousands, except per common share and other data) | ||||||||
| Revenue | $632,801 | $775,643 | $805,018 | $629,516 | $703,353 | $728,999 | $654,129 | $583,411 |
| Direct cost of services | 386,733 | 462,501 | 488,376 | 388,112 | 427,870 | 446,560 | 408,074 | 362,086 |
| Gross profit | 246,068 | 313,142 | 316,642 | 241,404 | 275,483 | 282,439 | 246,055 | 221,325 |
| Selling, general and administrative expenses | 208,864 | 228,842 | 224,721 | 209,326 | 228,067 | 223,802 | 209,042 | 183,471 |
| Amortization expense | 5,378 | 5,018 | 4,908 | 5,228 | 5,745 | 3,799 | 2,298 | - |
| Depreciation expense | 3,050 | 3,539 | 3,575 | 3,897 | 5,019 | 4,679 | 4,091 | 3,452 |
| Goodwill impairment | - | 2,955 | - | - | - | - | - | - |
| Income from operations | 28,776 | 72,788 | 83,438 | 22,953 | 36,652 | 50,159 | 30,624 | 34,402 |
| Interest expense, net | (1,064) | 552 | 1,064 | 1,600 | 2,061 | 2,190 | 1,735 | 629 |
| Other income | 11 | (382) | (594) | (1,331) | (637) | - | - | - |
| Income before income tax expense (benefit) | 29,829 | 72,618 | 82,968 | 22,684 | 35,228 | 47,969 | 28,889 | 33,773 |
| Income tax expense (benefit) | 8,795 | 18,259 | 15,793 | (2,545) | 6,943 | 16,499 | 10,063 | 15,122 |
| Net income | 21,034 | 54,359 | 67,175 | 25,229 | 28,285 | 31,470 | 18,826 | 18,651 |
| Net income per common share (Basic) | $0.63 | $1.63 | $2.04 | $0.78 | $0.88 | $1.00 | $0.61 | $0.57 |
| Net income per common share (Diluted) | $0.62 | $1.59 | $2.00 | $0.78 | $0.88 | $0.98 | $0.60 | $0.56 |
| Weighted-average number of common shares (Basic) | 33,445 | 33,407 | 32,953 | 32,444 | 31,989 | 31,596 | 30,741 | 32,851 |
| Weighted-average number of common shares (Diluted) | 33,895 | 34,185 | 33,556 | 32,552 | 32,227 | 32,207 | 31,210 | 33,471 |
| Cash dividends declared per common share | $0.56 | $0.56 | $0.56 | $0.56 | $0.56 | $0.52 | $0.48 | $0.44 |
| Total number of consultants on assignment at end of year | 2,585 | 3,145 | 3,388 | 2,902 | 2,495 | 2,965 | 3,247 | 2,569 |
| Cash dividends paid | $18,825 | $18,784 | $18,600 | $18,230 | $17,581 | $16,158 | $14,269 | $14,157 |
(1) The year ended May 26, 2018 includes results from acquisitions of Accretive and taskforce. (2) The year ended May 30, 2020 includes results from acquisitions of Veracity. (3) The year ended May 30, 2020 consisted of 53 weeks. All other years presented consisted of 52 weeks.
| May 25, 2024 | May 27, 2023 | May 28, 2022 | May 29, 2021 | May 30, 2020 | May 25, 2019 | May 26, 2018 | May 27, 2017 | |
|---|---|---|---|---|---|---|---|---|
| (Amounts in thousands) | ||||||||
| Consolidated Balance Sheet Data: | ||||||||
| Cash and cash equivalents and short-term investments | $108,892 | $116,784 | $104,224 | $74,391 | $95,624 | $49,026 | $56,470 | $62,329 |
| Working capital | 168,322 | 166,982 | 184,219 | 134,359 | 136,098 | 100,241 | 100,357 | 95,074 |
| Total assets | 510,914 | 531,999 | 581,473 | 520,644 | 529,181 | 428,370 | 432,674 | 364,128 |
| Long-term debt | - | - | 54,000 | 43,000 | 88,000 | 43,000 | 63,000 | 48,000 |
| Stockholders' equity | 418,763 | 414,520 | 372,449 | 329,546 | 303,661 | 282,396 | 268,825 | 238,142 |
