Resources Connection Inc. - Shareholder/Analyst Calls

Resources Connection Inc. announced unaudited financial results for the first quarter ended August 29, 2009. Total revenue for the first quarter of fiscal 2010 was $118.3 million, down 42.9% from $207.30 million for the fiscal 2009 first quarter. Revenues in the U.S. were down 8.5% sequentially and 39.8% quarter-over-quarter while international revenues decreased 15.6% sequentially and 50.5% quarter over quarter. The company's GAAP net loss was $7.2 million or $0.16 per diluted share compared to GAAP net income of $12.5 million or $0.27 per diluted share for the first quarter ended August 30, 2008. The company reported operating loss before amortization and depreciation of $6.49 million, operating loss of $9.09 million, loss before provision for income taxes of $8.91 million, LBITDA of $6.49 million and adjusted LBITDA of $0.60 million compared to operating income before amortization and depreciation of $24.33 million, operating income of $21.60 million, income before provision for income taxes of $22.12 million, EBITDA of $24.33 million and adjusted EBITDA of $29.29 million for the same period a year ago.

Resources Connection Inc. expected to Report Q2 2010 Results on January 6, 2010. This event was calculated by Capital IQ (Created on October 1, 2009).