IRVINE, Calif. - Resources Connection, Inc. (NASDAQ:RGP), a global consulting firm, announced the appointment of Roger Carlile to its Board of Directors, effective from Monday. The addition of Carlile expands the board to 11 members. He will also serve on the Compensation and Corporate Governance and Nominating Committees.
Carlile brings over 35 years of experience in the human capital industry, having founded and led Ankura Consulting Group, LLC, where he significantly increased revenue and employee count during his tenure. His previous roles include various leadership positions at FTI Consulting, Inc. (NYSE:NYSE:FCN), as well as experience with KPMG, PwC, and Deloitte.
Kate W. Duchene, CEO of RGP, expressed confidence in Carlile's ability to contribute to the company's growth and transformation, citing his track record in scaling global businesses and leading change. Donald B. Murray, Chairman of the Board, highlighted Carlile's two decades of C-suite leadership experience as a valuable asset to RGP's business.
RGP, recognized by Forbes as one of America's Best Management Consulting Firms for 2024, specializes in providing project execution services and has served 88% of the Fortune 100. The firm addresses the need for flexibility and agility in the workforce, which aligns with current market trends that favor such attributes.
The company's client engagement and talent delivery model is designed to respond quickly to the changing needs of businesses, especially in times of transformation and regulatory change. RGP operates with approximately 3,600 professionals across the globe and maintains a presence in 38 physical practice offices, in addition to multiple virtual offices.
InvestingPro Insights
Following the announcement of Roger Carlile's appointment to the board of Resources Connection, Inc. (NASDAQ:RGP), the company's financial health and market performance remain a key interest for investors. With a market capitalization of approximately $381.01 million and a P/E ratio standing at 16.81, RGP is navigating through a challenging market environment.
InvestingPro data indicates that RGP has experienced a revenue decline of 17.22% over the last twelve months as of Q3 2024, reflecting some of the headwinds the company faces. Despite this, RGP's gross profit margin has been reported at 39.19%, showcasing its ability to maintain profitability in tough times. Additionally, RGP's dividend yield is notably high at 4.96%, with the company having maintained dividend payments for 15 consecutive years—an indicator of its commitment to returning value to shareholders.
An InvestingPro Tip highlights that RGP holds more cash than debt on its balance sheet, which is a positive sign of financial stability. However, it's also important to note that two analysts have revised their earnings downwards for the upcoming period, and a sales decline is anticipated in the current year. Investors should weigh these factors when considering the company's future prospects.
For those looking to delve deeper into RGP's financials and market predictions, InvestingPro offers additional insights. There are currently 9 more InvestingPro Tips available for RGP at https://www.investing.com/pro/RGP, providing a comprehensive outlook on the company's performance and future potential. To gain access to these valuable tips, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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