RGP - Earnings call transcript Q1 2023 | Resources Connection, Inc.

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Operator

Good afternoon, ladies and gentlemen, and welcome to the Resources Connection Inc. Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time.

As a reminder, this conference call is being recorded. would on remind quarter results XX, I will that ended time, XXXX. commenting be for this like everyone to management August At the first non-GAAP also measures. to will certain They refer financial of these are measures the An explanation in and measures the GAAP included today. most issued release to press financial comparable reconciliation also viewed the with SEC. Today's be Investor section today in press release of filed Relations the can RGP's website and forward-looking of statements the Also company. regarding initiatives during may this and performance call, and anticipated make financial the management strategies plans, Such statements actual and events or results materially. are predictions may differ operations on statements see XX-K XX, materially differ Factors Please made of factors business, forward-looking Risk section is and the what a from of cause for the in risks, or during May financial RGP's ended condition may implied report and call. by other company's that Form to year uncertainties this expressed discussion for the XXXX, results RGP's Duchene. the now Kate over CEO, to I'll call turn

Kate Duchene

and you, us. everyone, Thank being to in Good pleased sustained with We're operator. robust QX. performance afternoon, thanks for report

revenue Adjusted QX over prior business, quarter-over-quarter. grew results XX% prior improved almost points pricing margin and over end improved topline, improved profit year our guidance the basis management. at cost year margin XXX higher was XX.X%. May. than taskforce These Gross XX%. we divested we to Gross to year EBITDA XXX of exceeded as basis maintain which prior improved excluding points the XX% Specifically, disciplined

automate believe efficiency. to modernization XX will we will manual management globally. implementing system, for performance are to progressing project the technology we project topline outlined process and objectives we with will allow approximately fiscal working. ‘XX. you, us We We've as call, continue for workflows. to strategic ways and complete help on take months contract we greater and prior system, product. drive financial These continued talent it fronts. support improve launched To on briefly our are core our technology-enabled a technology remind technology operational growth replace I provide year the and During new This and collaboration of our digitalization management to initiatives core ERP all acquisition our our tools modernizations replacing will us as comment

During the digital our RGP. engagement development also HUGO advanced the we quarter, of platform by

a the today's garnering coming of We us months expect pursue work Texas, strength we enables next and capital fiscal and on this earlier strategies. which have amplify launch consultants' reach to own who career life cry work attract brand. through our a clients us market decision world their It managing expanded path. staffing research, in will were well to offering With their platform, based opportunities of as a platform agility our our announced on to continue feedback. directly. We're organizations to and is clients leadership most the mission-critical the with first volume more tagline, see embrace model launched world. published the in and expand challenging April, candidates favorable we working XXs coverage to rallying in when Most position the importantly, refreshed and website as we our experience during to are PR their HUGO which with half on and human this Investor to to to prominent development second continued talent allows refresh new their our into initiatives economic our brand their to finance can in respect thought talent well offering our diverse professionals, and also accounting market state-of-the-art Nation program, and talent client of tagline RGP-led pleased own be in on This are it major quality pioneered planning What track Bloomberg as with earned the business Chief are in want and times, strategy. markets, the of focus California as we in We've in appearances skills our receive work hybrid we to other on work expert encouraging professional control particularly for to regional to HUGO speaks The careers podcasts. shortages as projects, differently the outlets, brand as including ability and to are acknowledges and to perspectives Day challenges media you our to Executive, of match Yahoo Dare News a Work year. and affirms position, face business Finance, our Differently. in late several how

We year consultants. will clients build opportunities the recognition through our throughout our efforts for to brand learning continue and

has Our done. brand not contingent no a the radically this work how trends in Pandemics better workforce society, time the has prevailing align and work one is come gets at transformed to to reorder different marketplace.

never job pandemic work. no resolve over this days. full-time in doubt that are According staffing market report There to policy to XXXX been aren't with like and have analysts industry new is shortages is anytime than available immigration million openings and unemployed professional there more a for soon. career in retirement for and X.X July Talent individuals formed. before talent warrants going the are control habits We empowered XXX mobile trends

talent August. yesterday rethinking new drop from While confirm environment. that a X% compete Jobs remains job supply. this gap the and wide talent strategy over in August just there in Bureau report talent wonder to of are no Labor Statistics These a Therefore numbers it's need in actively openings the their indicated employers

the talent rather is generational a strategy. companies of According report, in trends In that shift so number XX% model large name, toward workforce accelerating actively SIA and whereby a their this contingent they is because recent will an embracing are of to allocate movement contingent in to talent innovation. XX% these SIA, The buyers many workers. research shortages, increasing traditional of workforce by pronounced embracing XXXX. XXXX, hybrid total shifts workforce the to are strategy critical as expect enrolled SIA recognizing planning talent foundational given up a from positions to organizations many be trend permanent more According fact, finally than

While just upon mindful macroeconomic and current remain I've present opportunities of trends touched RGP. for continued we the conditions uncertainty,

Our recessionary mission-critical with even business day initiatives with which support We every prizes and aligns model that work. work world mobility, choice carrier to today's continue and flexibility reordered professionals to and control deliver pressures. transformation face of in clients experts, to for work the of diverse progress, strongly empower ultimate

a an together engineering increasingly a solution innovation a recessionary will to still new see every face business given to implement each inflation, been this we evolving world received be group that the to an believe disasters, I work capital uncertainty. human of high power close to hear best agile delayed and and people at of to to of was and about and the standardizing on point and Florida, moving in being work large. I'll and and other increased the our for force of employees the RGP, of empathy, tool and check will came disaster other devastating view driving quickly Tim global response connect with in In own migration the even two has market of of were and world update culture us in Using now make impact improvement needed. The important right at the thank design to an supports read and this we creative ensure operations. the COVID well The could recent deploy launched talent work by the that highlights we personal at While and drive work. a day enables are models an growing self-starters of and who possible we group cross-functional people Workday, that call decommissioned for These incredibly RGP. transformation as Hurricane I not highlighting process in We our kinds interest forward. RGP. the rates this a pressures, recognize projects and in automated and Mexico turn on Ian of earthquake as example bringing protocol our offer by as of employees to support. our group protocol. over safety creativity want quickly the survey support at level an exemplifies serious for

Tim Brackney

afternoon good and Kate, you, everyone. Thank

our services prior America, the During Countsy XX% quarter, anticipated. our deals in and traditional With close taskforce, strong operational environment, same-day demonstrated first despite quarter metrics were also Geographic throughout continued growth, to constant core through strategic the of revenue momentum basis, September the currency QX solid Asia on macro Europe Along turbulence quarter was healthcare, accounts, Veracity we by the saw demand a of in vacation the to fourth the impact well. business the a build over North we excluding as Pipeline summer the and Pacific, vacation. at increased related revenue for profile experienced across with return end the impacts performing margin with related significant some all the year and quarter. and had performance noted strength and and robust quarter performance.

the base. in we trends are that performed indicators strong, impact economic our we of remain our While cognizant customer current and environment could recessionary well operational

the to value increasingly macroeconomic experts leveraging solution our pyramid execute base have initiatives, shift big related Also versus their not that become the of of structure as for directly in awareness is abated. learned fabric which ahead is been we consulting. past, as continue enterprise the One RGP We flexible trend on long trends, client despite in is forge a during of optimistic RGP's the there on plan. we placing in has necessary in favorable to said as remain companies the that co-delivery provides However, our the projects. important pace our clients the who change have as embedded companies continue common important hallmark opportunity work base to have client workforce important is we to of that that as are actually more to focus remains prevalent pandemic, at fashion cautiously

As and them utilized has an commercial over to help top-tier transform. this the bank consulting of investment couple years example, last the

cost the increasingly current those execution project As as large phase. [indiscernible] on utilizing things two evident. firms particularly we of they product of relationships, An consulting most and for have of over reliance shifted evaluated upcoming talent junior their increasingly the in portfolio initiatives became work and

several propose its also as global our ship and work were to opportunity As a share. given account is significant work is on shifting including support wallet of There horizon larger opportunity the more competitors, we a successful on shorthand the result, to process from the divestiture. shift RGP share in projects to services a to

colleagues we realized was and opportunity so an change to that could utility that offering quickly done ship was in back initial overall their and its main additional struggling Another client breakthroughs example the to Instead user and provide client of to find the received the client expecting. was where [indiscernible] patients' experience with they employees. propose on so occurred Internet of assessment this are the and significant consultancy implemented The on with they've do A be of voracity answers, have implementation, turning to get flight that this firm emphasis share [indiscernible] the the back work. not to lives. ease particular large gave that important technology pharmaceutical they platform began larger experience. for use to project takeovers are and has as of making proposal to journeys with been There on user charter well proposing work can a

and employment, candidate viewed platform. attract ability our to retain RGP in the demonstrated to strength market premium the labor both concerns, tight that premier the with in in continues talent and theory economic be to to periods is the on and are despite of This perhaps some persistent lower for hiring we for the of with despite excellence. continues increasingly drawn ownership our traditional as of continued the talent professional performance more volatility Attrition of strong and industry, and side [indiscernible] On attraction, strong counts the RGP work accounted deployment have first engagement trend provides. destination as an very that services anxiety alternative attractive and quarter to in flexibility, created employment. professional our the may freezes career and Despite is our team and current community become business, to layouts talent of traditional the a trends differently. previous hiring sense

as destination. makes people In in RGP a and traditional noting without variety ownership. current of find community macro schedule a for of as RGPer. technology project big consultants. was be admitted along that technology in one amplify offer, on desire he workforce as for layoffs the having shift a that the other repeatedly different to over and to A that welcome can control help job employment. helped fact, opportunities. Coast realization he an live was the the example the environment to of enjoyed about work a companies consultant declined made to out reductions these desire [indiscernible] this his is Working times recent the large cemented successful He our employment coupled the higher had farther of way increasingly remain and desire with He the a positioned us West and the RGP year of but increases headlines clear in stress numerous that between flexibility with first RGP very in agile a This of small for of he seen decision company, a attractive

continue leaving on of cautionary to opportunities. for experience the so them. excellent to for individuals also we ambassadors will important, community agility those first the These and that provide boomerang our trying which the seek and are us work that They particularly very platform. are to important are people helps they sales cement time. are coworkers’ while see hard to work who leading We our return not joiners, can or us living for is agile provide and environments to the company culture employment other new as They after and

the that environment we that you shared what have. and to sometimes RGP she family missed culture appreciate boomerang lamented recent and While need

that we believe to continuing to While build to is committed true, environment is all. that are hard an in

first operations. our Now let to me back quarter turn

saw During the growth fueled demand. by pipeline strong we quarter, overall

leverage potentially bill more on compared to continue progress basis We by challenging is an a enterprise X% constant macro even quarter. as environment, to the year pricing. pricing clients. opportunity currency paramount to We prior make a across as with rates respect to value Increasing see in

revenue mindful are are we economic QX and operational While conditions, of rather on quarter second based impact potentially trends line with early trends. in

improved fixed me let QX, In EBITDA leverage. quarter. focus we touch on Finally, prior on margin significantly efficiency. and Adjusted to costs operating continue operational over controlling year

detailed vigilant of remain Jenn and leverage. discretionary work to improve operating turn will over to will first results. for We our I call a to spend diligently now continue more about the review quarter

Jenn Ryu

achieved On we impact despite one fiscal same of from fourth day exceeded quarters Kim, and Thank sequentially first of our basis, guidance. excluding the summer company's flow vacation and year history. constant currency another the XX% the quarter, you, of Revenue in good best afternoon, $XXX.X the We the QX. in outstanding everyone. revenues of million end cash the grew over X.X% and divestiture, quarter year high

$X.XX a from GAAP share quarter. per Overall, macro line remains our top by in also expanded to strong demand of quarter the quarter to addition year margin uncertainties despite growth, the EPS In a the XX%, basis adjusted XXX points we EBITDA environment. key and healthy diluted record prior the margin first for

and Geographically, year. X% North of America had same vacations XX% anticipated. growth Pacific both basis, with performance as declined in all over a accounts, heavy demand over revenue in XX% including year Revenue technology both digital based client year. QX solution in strong currency a by our as year and summer business, strategic year broad accounting, global approximately with and day on and on U.S. core slightly in and business across XX% talent and growth result constant Our project while areas transformation. finance [indiscernible] segments consulting Asia performed retail well with year XX% accounts grew And XX% over and and was we

the we're S. $XXX European in U. constant by quarter rate rate in fiscal while basis the growing $XXX ago, the year prior a margin recession on basis in of a see of points. to Average average up in was constant compared softness in some our Europe quarter $XX at XXX bill impact the XXXX, base, billings year improvement, material average in was at pockets beginning our We by to While quarter. bill not driven the same client any X.X%. region. over the did favorable the XXX first to in also of primarily have Gross XX.X%, points improvement performance rose ratio QX pay X.X% $XX raised currency pay currency QX

Turning cost to management in disciplined remain SG&A, and oversight we investment the business.

or rate compared the XX% basis of a XXX SG&A run Our improvement $XX.X point million quarter for this was ago. period same a to expense year revenue,

stock are consideration transformation continue and As SG&A continued we on [indiscernible] travel to for exclude a charges, SG&A technology compensation, business restructuring rate reminder, that and cash occupancy non costs. expenses. run compensation, management focus

First, face forward headcount our pressure, strategy of our pace investments, will business driving in key growth demand the match recessionary we areas in and the while of activities, the monitor of closely business.

continue to drive $X year our over to two fiscal last another expected efforts while estate, current be in years. full real the million leasing Second, is favorable we over Occupancy the will benefits reduction costs previous XX% our from in XXXX. or by

will of with business the we previous the expected disciplined achieved in and level cost to travel sustain fiscal remain reduction Lastly, the year.

outstanding approximately of in liquidity, and summer. we our million We ratio million bonus of X.X our debt, with the to cash equivalents. as $XX annual X.X quarter cash operations and repaid during fiscal the first to payout quarter used debt in Turning leverage to due expected, the lowering from million ended cash $X.X our of $XX.X

they macroeconomic address me impact the how let and trends Now our business.

the business. rate We're alleviating and while pressure in contracted expensive, believe we'll pay a faces ample significant employees, business, raising In our to do the focused successful our so and been our of environment, upwards. inflation to are appealing use the bill in primarily invest to who competitive compensation in have bill raising on consistent more wage cost providing the from proposition Shop inflation becomes cost economic continue on rate opportunities on inflation. the to pressure employee to more area First continue competitors future. value our most margin the we in often we compared understandably driving

Second on to the particularly currency, dollar. with U.S. respect strengthening

While the our exposure rates our to fluctuations results such in not of currency, is is operating to we material. of foreign believe subject translation exchange fluctuations economic

operations. transact typically client There are consulting respective to we our currencies with transact number to currency limited entities local healthy in a be the clients their foreign and may in Our flows consultants off currency. one is to generate asked and cash circumstances of own and pay with obligated fund in another that

Now rates. to debt At we on our interest us generate any from rates, level, ability levels, our not current higher rising In the quickly. material ability nor the enable will to business upside. do to deleverage debt of interest cash event impact expect

As second we in or prudent always, whether remain trends strategically. quarter, leverage outlook. debt our we have been stable. quarter Early close I'll the grow how organically with weekly revenue second to business,

While general base, us there's face our deep positioned opportunities. caution compete projects clients has a of albeit and relationships at the executed, initiated win more headwinds, more client More expert and are deliberate macro and our in base still in ever than critical within pace. being our talent with our to

to to range XX% growth in the in revenue reflecting prior estimated of margin XX% the Thanksgiving million reform. the Our year over impact second representing quarter QX on be $XXX tax to quarter is is holidays. of expected the in to excluding be $XXX million, range Gross

to in is $XX be the million. of million $XX SG&A rate range expected run our Finally, to

million With be up quarter, technology for $X of We in to call and be open progress that, to outlays our capitalized, the cash recognized as operating which the project Q&A. in approximately in continue expect remaining nonrecurring expenses. be would will second million $X of I the the to with to range XX% make transformation

Operator

Thank you. question Our with Mark from comes [Operator Marcon Instructions] first Baird.

You may proceed.

Mark Marcon

of a how so far nice You're and Good take and California in talk the that in really revenue HUGO? the and is seen that And about results. first little in terms with you're expanding quarter meaningful the to strong have it terms afternoon, up? York see to can Wondering, bit in seeing credibility? Texas. you What progress New of you

Kate Duchene

question. thanks and Mark, for Hi, Yes. the

So Northern talked the and California, as we areas have just Southern both just last State Tri launched and in we launched California in in the fiscal we California. about year

So to strategy. we're particular on been our additional we're And We've talent personnel support the hired sales the some we've where track geographies pools expanding. with building platform. in

more So fill work, on-site to to hybrid talent we'll as return or the have available need. we

material So far this we're of early and light in the budget results. days on for track, not it's overall our but HUGO is year

Mark Marcon

But of of of kind in is stages? in of were terms out terms meeting area expecting Okay. Tri State what the the it initial expectations you

Kate Duchene

to Yes, is time, more migrating we're We channel we take some something about are. digitally alternative as mean, native on track. we're will this feel where good that buyers. I especially targeting

some takes time. that so And

out think shared I client on end to my the a -- experience, client the let we digital through but still saying Mark, service we other call, me who the went engagement lose a loved the As connection personnel we had as well. came previous that

learning new So life. we're a where said of we're we've still be think learning new year platform channels this and through a this to efficiency And the we before, as I bring will as and stage behaviors it. going

Mark Marcon

you the talent was versus terrific. currency consulting we and on out how is constant that Great. managed taskforce, professional wondering And demand XX% experiencing then and basis growth strip growth I'm search? the between on up project when ended that a services split

Kate Duchene

there, Hey, both constant it's about and consulting, Mark. day. grew talent On And Yes. over not segments XX% I project demand same currency when XX% say year. and year

I evenly between So split growth the segments. would that say two is the

Mark Marcon

that one was have associated that Europe great. then out. looking specifically or obviously that and last to bit we two been Europe or during countries been was have of projects a regards came seemed would taskforce wondering still may It little softer for. bit And were softer than little the I'm with? a broad with what sort Okay, that based country across it any quarter,

Tim Brackney

on [indiscernible]. practice in kind it a of reason the lot say broad in I with of the would but remember Europe was a full I -- that do And our it's Well, pop largest Mark. fairly a have Hey, vacation. is based,

market, there's a Some of things happen of -- with clean the end then the the and lot loyal of of that things some there. the and times other

So our had generally, but that past There occurred, of we were control unexpected. And timing obviously, that it's we're projects, projects on out practice a clients. don't larger the it that -- some some solely it smaller are been focusing a than were and bit think in was wasn't I unexpected. things of European at it's really large little

timing some impact So the they of projects where those can of hit in the quarter.

Mark Marcon

Great. Can gross rates excess was where about margin And you're that? a continue that? And little greater ability do to the to the then raise improvement sustainability and seeing you're impressive. the of you rates there bit are in specific pay talk practices a to how bill doing the

Tim Brackney

Yes.

just rates. Moving to bill

about -- the because rates few around talking it. our we've the rate purchase pay for hasn't pay bill our the talk changed I been last really as second, about really I'll where quarters has think approach rates over

pricing to I more to haven't value. plus and really to prior year, few And -- kind Some always good to comes mean new of think of a cost a peoples job we've mechanics. both year, as down been a pretty mindset mindset, pricing of of talked concepts focused. last the this value. I we having of prior we We've the about opposed shipping done this

strides. we've some So pricing. to in brought some key help assets of us made We around those

governance. up tightened So we've training, we focused on put

for can reality that are then that is, the the And many the it. mechanics, force it of take mindset years. to mechanics we've those been and And helping under so market market

pricing ability there. our to still So I continue upside think plenty of to there's raise

is consistent, negotiate our pay to for our that we So pay come with to experience price market every just and pay amount to in right the also to And them us make pay a a of using for we them own paying our wage want external rates we they market, the We work. that to result lot been for don't surveys that consultants. and hour want we're folks. sure to respect in we're to our against rates, fair the them, pay but fairly have and work

of is And a that look it than now. and ahead so muscle muscle on flex we reality further our muscle to really is little pricing, in pricing business the the on that,

Kate Duchene

Yeah.

just of business, on which me Let are some is offshore we rate, in pay the -- something talent. add also parts hiring

in that definitely continue And that on favorability going so something seeing offshore. rates, focus expand is we're that well. to of from quarter And comes the forward going that's to as to some pay you're that this it that

Mark Marcon

That's might you that we're guidance seeing the slow areas quarter? that translate about headwinds. second into potentially of helpful that taskforce ended bit provided are did the translating you How the about a constant how currency really you down? or illuminating. course What thinking over you really quarter? basically the talk how vary and up you that Can of that aware for Obviously, macro little all the seeing. growth ex XX% And are the

assume And that some specific about if just seeing it? to you're slowing, be wondering you would but natural it's can there be so where

Tim Brackney

Yes.

of the what quarter part actually into business, quarter all, us latter second consistency we've First the of and Europe in when as third the we're think towards some of the And -- impacting then quarter. quarter. some holiday the latter with impact velocity fairly we the through seen overall, move about of I is consistent the real with and of stabilization

a will that. is overall harder. bit demand things is of but strong. -- know and still And about that, some standpoint, from begin still both we at then into a of pipeline We get of trends velocity profile our also are kind the is operational things to our looking so, But Those metrics. our I our What look little think really where strong.

when are is bit the getting the hard things to we're choppy some kind quick to putting revenue, of to on they're of or how -- -- willing sometimes macroeconomy we So get waters from control the I And extra clients to position move adjust will how ourselves that are understanding bit just impact our grind do of and that as come our we'll best through. that of you tell second kind can help down the of feelings willing we awareness outside that. to which and the depending that their we are in that

Kate Duchene

for one just on major he's the today thing. with I variety and -- phone I'll don't talking add lot they economic advice the right comment our can the already today, that's are tells he about execute Mark, clients now. we and agenda me for And for really seeing. our of projects of in a those in want one with times be that them which because with I that initiatives. on echoed all Yes. are They clients looking what paying solution those is, And that right one really clients these about made, underway. was what has want are the paying don't executing think think clients to that a in market today's been we environment of want to help environment. firms locking are the -- or be on I And our leaders

Mark Marcon

reacting environment me But to down companies that with levers to a into regards the would be. have I'm Obviously, be what That sense. over this, But lot Okay. getting from to next jump with questions just terms end might in queue. one a is discuss for one up the in can if of three I'll of that plan we're then things if significantly a last makes slows the game One variable structure. little choppier if bit macro like how what regards lot you a and need to months? to if just get nine the order reduce the got expenses of would do you've you cost wondering investors

Kate Duchene

It's competitors. our by model agile our already. a built into makes us of variable Well, that cost we I'll start that you've structure highlighted more than saying, many and have

the The we've last we over with five that's work years, whether see we're is, visibility data the and to the I'd other our investments making thing internally to trend have and paying client behaviors. do we in what and lines say our done off the greater much buying

headcount running and pull where real very and continuing I additions stay of sales disciplined more eye I is do. in swim Jenn structure, look adjust will and cost needs to and able used replacement can most group with estate to be look to fundamental elements than Keep we those appropriate. we continue So real estate continuing her continue our think the carefully. are we'll our levers very mind to or two Tim to careful and our on at headcount, operations we to our or and mean, a very quickly

attract need a hybrid very we recognize seems working that a in drive that environment, model work growth profitability new wants. and we're order to to today's can best largely a are to still for be As that new our what We firm, world with and be behaviors in people. the of in we operating talent in to listening

Mark Marcon

you. Thank Perfect.

Operator

with question Thank Marc Riddick you. [Operator from Our Instructions] Sidoti. comes next

proceed. may You

Marc Riddick

good afternoon. Hi,

Kate Duchene

Hi, Marc.

Marc Riddick

what face to or you're more to engage seeing you pickup face as it that clients on wanted any travel of Are to I having follow-up to side that as and there side visibility seems pickup of So the travel though any things have particular that you're where type folks the business be might type in seeing you're any going expecting -- areas -- there, forward? of just looking looking steady. to far

Tim Brackney

Mark. Hi,

of express And of is almost say that who remotely First face of talent got used have face working everybody And their of a a in they to in. to work concentration to sort all, of that help publicly would terms with want there, employees and done normal one are of having the more face technology that, also the industries of all them just of that for we companies give of face hybrid where travel up have I are there is who couple how terms that our fashion to to said in they working services where large delivery. to terms asked execute companies everybody excellent financial terms now. their in we are in of including some and mean, talent they in face. Almost really a energy. couple else, for back The face more industries it have face. of other two clients Those reality is them I the us, our work willing is pretty to prefer to serve face things. one

of couple seen shifts haven't talked any major we those initiatives about. that outside of I So

Marc Riddick

Great. Okay.

Kate Duchene

client we that the mean, of as doing, activities are market on opposed and travel travel. to [Multiple to facing Speakers] are activities we go majority I focused internal really

So travel points typically of target where kind to the half of used basis pre is, XXX what to to spend we That's try we what pandemic. half than less keep our revenue. of is about which a -- of little

Marc Riddick

you opportunities I -- branding that Why maybe a perspective? to I ramps about How thinking over to you sort moving until that then might or bit season should a roll strategically messaging any And New Are the or sort after stuff should Difficulty] -- be you're Year? the little the in that about guess that the is forward there shift don't discussing out wanted up how we to of we wait timing that political as after and about do us. talk that with think [Technical of something messaging that? more over things from Great.

Kate Duchene

QX, see you'll and language refreshing end our of currently before positioning the brand see think releasing I on We're Mark, Yes, you'll new some website. that. us

mentioned I base thought to showcasing for more on which And before build continue think QX, holidays prepared models. be the And both agile then some in research deliver be thought around will talent thereafter. moving in us in I targets will and client going engaged leadership. a that to our to also project, my we're that we're leadership currently help and As remarks,

toward clients field think agility supply where chain. the really a about and If capital we is RGP there move agile as more can human you in human their capital in leader how help models

help more journey. preparing talking can us that more along clients that and see and other and insights about You'll their reports

Marc Riddick

are of area. you and going of under a that recessionary of any strategic a question of seeing from is, Great. approach shifts sort you clients be for trends the from from are to there your And just how -- kind But then I radar sort contributor there kind specifically concern strategy wonder sort mean that responding, comes in might Thanks. last of forward? any not driven you're are that macro that more I if it necessarily when a maybe seen you've me emerge the changes or of think are

Kate Duchene

Yeah.

not whole with happen going I this agility pools to idea and entirely think captive. is of are that mobility talent

specialized that's when I future this can you specific into point with in the in people a full view, to need time a gets So we -- job ladder, and RGP. worked even own moving time, to still is flux, baby what in and protocol they pools, we said to is hours. worked leading of worked we're set the it coming a That compete And of what only the to coming. employer corporate means our direction. really skillsets as to more out equivalent need. move more process kind kind regular how out, mean, changing. well for to of for prepare are the and their you under source next paradigm you that continue period, faster that do clients boomer order we at I but paradigm the we're XX work captive of aspired of for our going is in talent done you think business do are opportunity there we also months XX clearly of really where mobility have climbed the for that really that and is And for they shift clients and through and to have in a the well identify at what really It's so shifting of they talent while in we're plenty one location right a strategy move think future. how to where to see in the everyone And have they

would and I it's thought the that on we And really delivering of new creates really side is widespread as have focused feel of right to care which that's way I for and successful now, be it but be our accelerating opportunity in on that think and really as would together putting side like this right not the talent the working. us. where level we're movement platform, brings client

Marc Riddick

appreciate Much you much. it. Thank very

Kate Duchene

You're welcome.

Operator

questions. moment for One you. Thank

Marcon with Mark question comes from Baird. Our next

You may proceed.

Mark Marcon

would follow-up. With regard say I perspective? about you you -- new had areas should fastest we a guidance that a which would the slowest versus the gave of How be that? a from growing think us, geographic you would how

Kate Duchene

the that the is turmoil economic pressure guidance. and U.S. other concerns That's will I growing and the part on the what's business the than of Mark, that still North the the in slower kind accelerate geographically would going Yes. of recessionary faster say Europe. probably to given in be America Europe, guidance. in growing the and going It geographies. stated

Mark Marcon

Okay.

slower little and a Europe relative bit North to America? So Pac Asia

Kate Duchene

performing Asia Pac steadily. is very

Mark Marcon

about How pricing from a perspective?

Kate Duchene

solution the of inquiring is area terms In that market, what you're about?

Mark Marcon

That's right.

Kate Duchene

Yes.

answer should one. you Tim, mean, I So that

Tim Brackney

Yes.

we all, finance accounting. see, had to of could boom and And up you First if year continues be a coming strong. last in real that

slowdown despite M&A. of As fair There's transformative a you still in lot there's of amount still even occurring. because transformation see, that's a of

working up teed we're have strong So of and dominant our divestitures also in strength. digital pretty But the you transformations of sheer when and look on. divestitures, opportunities continues in both around that we pipeline. be finance about volume are my accounting I still in that are talked script terms There things of that a where of into in the to terms kind is number there

Mark Marcon

-- obviously side, Okay, great to in looking occurring of get terms great. Once interest self-imposed And the job then this beyond going that's because other the a up. margins. improving slowdown with to of regards rates we done you've

is the your can from a You've once thinking where mix the of increase initiatives got business place like about these which EBITDA perspective margins are the you go term in put digital How completed? long transformation technology should given efficiency.

Kate Duchene

art Yes. not of only Well, lots and both eye to much of place how on state can the HUGO, through put and more we'll talent improve self-serve improve of our financial possibilities technology our the our drive continuing in metrics. I we that platforms. Also those we demand with our platform think those automated modern can and efficiency which have with more on

year a we're I So think right you about and going XX% a give we're and focused improvement solid number now. We achieving about talked to and I mean, half all that. that. a ago not on I'm

and commitment talent to this quickly going part continuing we're of by Marcon, That's keep executive you we improvement. clients how team updated. and it's depend So on drive will both aligned and to toward an so of group. stay self-serve we're to that automated continue business industry we as our our workflows. all some driving top do And performer aspects to we to in can a adapt going

Mark Marcon

Great. of term balance And this a think should shorter internally then we the year? just perspective, additions about how over from headcount

Kate Duchene

to headcount closely demand Well, growing from as to the business key at in perspective, pace do continue areas be are going of and hold and veracity. the the headcount to that's my monitored going and of grow business steady activity to a that want we looking that of although. We remarks definitely pace said I obviously has and

it to So forward. really areas very need of key watch move to areas, But going investments invest where very, going in other cautiously. we're to we

Mark Marcon

it. you. Got Thank

Operator

Kate you. further to for any I'm turn And time, would not now like to Thank Duchene call questions. showing any At this back over further I the remarks.

Kate Duchene

connecting after to report results. forward look We Thanks QX again. again. Thanks our we everyone. you, you Thank Okay. with

Operator

Thank for you. This Thank participating. today's concludes you conference call.

may You disconnect. now

Resources Connection (RGP) 6 Oct 222023 Q1 Earnings call transcript