NEW YORK – Assets Connection, Inc. (NASDAQ:RGP) noticed its inventory rise 5% after reporting better-than-expected second quarter fiscal 2025 outcomes, regardless of ongoing challenges within the skilled staffing market.
The skilled companies agency posted adjusted earnings per share of $0.18, considerably beating analyst estimates of $0.01. Income got here in at $145.6 million, surpassing the consensus forecast of $137.02 million, although nonetheless down 10.7% YoY.
Whereas demand remained uneven, RGP delivered sequential income development of 6.3% in comparison with the primary quarter. The corporate’s Consulting section grew 2.7% YoY to $60.6 million, helped by the current acquisition of Reference Level.
“We exceeded expectations this quarter as we execute our technique to ship diversified help to our purchasers searching for to remodel their companies,” mentioned CEO Kate W. Duchene. She famous improved gross margin and adjusted EBITDA outcomes in comparison with Q1.
RGP recorded a internet lack of $68.7 million, together with a $79.5 million non-cash goodwill impairment cost. Adjusted EBITDA was $9.7 million with a 6.6% margin, down from $16.1 million and 9.8% margin within the prior yr quarter.
The corporate maintained its quarterly dividend of $0.14 per share.
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