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Here are 1-2 brief analogies for Resources Connection (RGP):

1. Robert Half for high-level, project-based corporate consulting.

2. Accenture, but focused on providing experienced professionals for agile, project-based execution.

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• Finance & Accounting

  Provides expertise and project support in areas such as financial reporting, operational accounting, and financial systems.

• Technology & Digital

  Offers consulting and project implementation for IT strategy, digital transformation, data solutions, and cybersecurity.

• Risk & Compliance

  Assists clients with governance, internal audit, enterprise risk management, and navigating regulatory landscapes.

• Business Transformation & Program Leadership

  Delivers guidance and execution support for large-scale change initiatives, operational improvements, and strategic project management.

• Supply Chain Management

  Focuses on optimizing procurement, logistics, inventory management, and overall supply chain operations for efficiency and resilience.

• Human Capital

  Provides solutions for organizational effectiveness, change management, talent strategy, and HR transformation.

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Resources Connection (symbol: RGP) sells primarily to other companies (B2B).

Due to the diverse nature of its client base and its business model as a global consulting firm, RGP does not have individual "major customers" that account for a significant portion of its revenue (typically defined as 10% or more of annual revenue). Its revenue is spread across thousands of clients annually, making its customer base highly diversified.

Instead, RGP serves a broad range of clients, including Fortune 500 and mid-market companies, across various industries globally. These client companies typically engage RGP for professional services related to:

• Digital transformation and technology initiatives
• Finance and accounting optimization
• Supply chain management
• Human capital and organizational change
• Risk and compliance

Therefore, it is not possible to list specific major customer companies by name or symbol, as no single client meets the threshold for major customer disclosure in RGP's public filings.

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Roger Carlile, President and Chief Executive Officer

Roger Carlile was appointed President and Chief Executive Officer of Resources Connection (RGP) effective November 3, 2025. He is an entrepreneur and senior advisor with over 35 years of experience in the human capital industry. Carlile founded global business advisory Ankura Consulting Group, LLC in 2014, serving as CEO for five years and Board Chair for six years, where he grew the company to over $550 million in revenue and 1,500 employees. Prior to founding Ankura, he spent over a decade at FTI Consulting, Inc., holding various leadership roles including chief financial officer, chief administrative officer, chief human resources officer, and global leader of its forensic and litigation consulting and technology segments. He also previously held leadership positions at KPMG, PwC, and Deloitte.

Jenn Ryu, Chief Financial Officer

Jenn Ryu was appointed Chief Financial Officer of RGP effective February 3, 2020, after serving as Interim CFO since August 2019. She joined RGP in April 2019 as Senior Vice President of Finance and Accounting. Prior to joining RGP, from 2014 to 2019, Ms. Ryu served as Chief Accounting Officer for Young's Holdings, a privately-owned distributor and importer of wine and spirits. She has over 20 years of progressive accounting, reporting, and finance experience in both public and private enterprises, and has managed complex financial transactions, including acquisitions and divestitures. Earlier in her career, she was Director of External Reporting for Kaiser Aluminum from 2007 to 2014, and began her career in public accounting at Deloitte.

Bhadresh Patel, Chief Operating Officer

Bhadresh Patel was appointed Chief Operating Officer of RGP, effective April 7, 2024. He joined RGP in July 2019 following the company's acquisition of Veracity Consulting Group, LLC, a digital transformation firm that he co-founded in 2015 and led as CEO. In this role, he oversees RGP's global business operations and go-to-market strategies. Prior to his COO role, Patel served as RGP's Chief Digital Officer since September 2021, overseeing technology and digital modernization initiatives. His previous experience includes 13 years as Senior Vice President at ICF Interactive (now ICF Olson) and senior leadership roles at Andersen and KPMG.

Kate Duchene, Executive Advisor

Kate Duchene transitioned from her role as President, CEO, and Board member to Executive Advisor at RGP, effective November 3, 2025, a position she will hold until January 3, 2026. She served as President and CEO of RGP since December 2016, leading the company through a significant transformation. Duchene first joined RGP in 1999 as its first corporate counsel and has held various executive roles, including Chief Legal Officer, Executive Vice President of Human Resources, and Corporate Secretary. As CEO, she oversaw the acquisitions of Veracity, Countsy, CloudGo, and Reference Point, integrating them into RGP's offerings. Before joining RGP, she practiced labor and employment law for nearly 10 years at O'Melveny & Myers LLP. Duchene also previously served on the board of Collectors Universe Inc., a publicly traded company that she helped take private.

Michael Lane, President, On-Demand Talent

Michael Lane serves as President, On-Demand Talent at RGP. He is responsible for leading the On-Demand Talent business, which provides flexible professional staffing solutions to clients. His background includes significant experience in the human capital and consulting industries.

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The key risks to Resources Connection (RGP) include:

1. Goodwill Impairment and Sustained Net Losses: Resources Connection reported a significant net loss of $191.8 million for fiscal year 2025, primarily due to a substantial $194.4 million goodwill impairment across multiple segments. This indicates a write-down in the value of previous acquisitions and a direct, negative impact on the company's financial health, further exemplified by a $68.7 million net loss in the second quarter of fiscal 2025, which included a $79.5 million non-cash goodwill impairment charge.
2. Deteriorating Business Fundamentals and Challenges in Executing a Turnaround: RGP has experienced a downward trend in its financial performance for several years, with "fundamentals deteriorating and value eroding." The company has struggled to achieve a turnaround, and its earnings calls have been noted for heavy reliance on "buzzwords" while tangible metrics like book value and earnings continue to decline. This broader risk encompasses ongoing issues with profitability, revenue generation, and a perceived lack of meaningful growth catalysts.
3. Weak Labor Market and Reduced Demand for Consulting Services: A "gloomy labor market" has been identified as a significant headwind for RGP. The demand for interim support, a core component of RGP's business, has been challenged due to less talent movement across employers, which historically drives demand for their services. Macroeconomic uncertainties and delays in client projects are also contributing to unpredictable revenue and earnings recovery.

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The clear emerging threat to Resources Connection (RGP) is the accelerating rise of sophisticated online platforms and marketplaces that directly connect businesses with independent consultants, project-based professionals, and fractional executives.

These platforms are increasingly capable of vetting high-caliber talent, facilitating project management, and offering specialized expertise across various domains (finance, IT, HR, legal, supply chain). This trend enables client companies to bypass the traditional overhead and margins of consulting firms like RGP by directly sourcing the exact expertise they need for specific projects or interim roles. The growing acceptance and maturity of the "gig economy" for highly skilled professionals, coupled with continuous improvements in platform technology and trust mechanisms, represent a direct disintermediation threat. This development mirrors the historical disruption of traditional service providers (e.g., taxi companies by Uber) where a technology-driven platform creates a more efficient and direct connection between the end-user and the service provider, potentially eroding the market share and pricing power of legacy firms.

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Resources Connection (RGP) operates primarily within the global consulting and interim management services markets. The addressable markets for their main products and services are sized as follows:

• Global Consulting Services Market:
  • The global consulting service market size was estimated at approximately USD 371.04 billion in 2025 and is projected to reach USD 469.28 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.81%.
  • Another estimate places the global consulting sector at a total value of around $250 billion.
  • In 2025, the global market for consulting (narrow definition) is approximately USD 371 billion, while management consulting, a broader category that includes many of RGP's services, is estimated at around USD 1.06 trillion.
  • North America consistently holds the largest share of the consulting services market.
• Global Interim Management Services Market (On-Demand Talent):
  • The global interim management services market is valued at approximately $25 billion annually. This market is expected to grow at a CAGR of 7% over the next five years, reaching an estimated $35 billion.
  • North America holds the largest share of the interim management services market, accounting for approximately 60% of the global market.

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Here are 3-5 expected drivers of future revenue growth for Resources Connection (RGP) over the next 2-3 years:

1. Evolution and Expansion of Integrated Service Offerings: RGP is strategically evolving its business into three core engagement models: On-Demand Talent, Consulting, and Outsource Services. This diversification aims to deliver more integrated service solutions and unlock cross-selling opportunities across its client base, enhancing its ability to meet diverse client needs.
2. Targeted Growth in High-Demand Consulting and Digital Transformation Areas: The company is focusing its efforts on securing engagements in areas where clients are increasingly investing. These include ERP implementations, digital transformation projects, AI adoption, cloud migration, project management, risk and compliance, and CFO Advisory services.
3. Increased Penetration and Growth in Key International Markets: RGP has observed and is pursuing continued strong performance and expansion in international regions, particularly in Europe and Asia-Pacific, which have demonstrated notable revenue growth.
4. Enhanced Pricing Power and Pursuit of Higher-Value Engagements: RGP is demonstrating continued pricing discipline and a focus on higher-value engagements. This strategy has resulted in improved average bill rates and is expected to drive revenue growth by securing more complex and lucrative consulting opportunities.

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Share Repurchases

• Resources Connection repurchased $3 million worth of shares in Q3 2025 at an average price of $8.46 per share.
• In Q1 2025, the company repurchased $5 million worth of shares at an average price of $11.62 per share.
• As of October 1, 2024 (Q1 Fiscal 2025), $37 million remained available under its share repurchase program.
• Over the last five years, as of December 28, 2023, Resources Connection had $62 million in share repurchases.

Share Issuance

No significant dollar amounts of share issuances were identified over the last 3-5 years.

Inbound Investments

• On September 30, 2024, Vanguard Group Inc acquired 1,998,822 shares of Resources Connection Inc at $9.70 per share.

Outbound Investments

• Resources Connection acquired the New York-based financial services consulting firm, Reference Point LLC, for an undisclosed sum.
• The net cash outflow related to the Reference Point acquisition was $23 million in the 12-month period leading up to Q1 Fiscal 2025 (October 1, 2024).

Capital Expenditures

• The company is making a significant investment in a technology transformation project, which is in the mid-$30 million range.
• The primary focus of these capital expenditures is to drive global visibility, increase efficiency through self-service, automation, generative AI, and provide better data and analytics for improved decision-making.
• Cash used in investing activities amounted to $13.1 million for the quarter ended February 22, 2025.