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Resources Connection (RECN)
Created from a leveraged buyout by former Deloitte & Touche partners, Resources Connection provides CPAs to companies that need help complying with Sarbanes-Oxley disclosure requirements. The Costa Mesa (Calif.) firm has seen its business more than double since 2003. The takeover boom has also produced piles of due-diligence work for Resources Connection's 2,600 professionals, who last year worked for more than 1,900 clients, including all of the Big Four accounting firms and half the Fortune 100 companies. With more than 49 U.S. offices, Resources Connection has been on an acquisition binge since 2003, adding branches -- and more outsourcing muscle -- in Australia, Sweden, and the Netherlands, as well as opening a new office in Paris. It's no surprise, then, that its sales have soared an average of 46.9% a year for the past three years, while profits have jumped 74.3%
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 1,294.0 |
| Sales* ($ Millions) | 618.0 |
| Sales Growth (3-yr. avg. annual) |
46.9 % |
| Profits* ($ Millions) | 60.6 |
| Profit Growth (3-yr. avg. annual) | 74.3 % |
| Return on Inv. Capital (3-yr.) | 18.7 % |
| Share Price 12-Mo. Hi/Lo | 32/17 |
| Share Price As of 4/28/06 | 27 |
| Return on Equity | 20.7 % |
| P/E Ratio | 23 |
| No. of Employees | 3,231 |
| Industry | Human Resource & Employment Services |
| CURRENT MARKET INFO | RECN > |
| COMPANY WEB SITE > | |
| Location | Costa Mesa, Calif. |
| Phone | 714 430-6400 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Resources Connection provides professional services to various industries and enterprises in the U.S. and internationally. It provides accounting and finance, risk management and internal audit, information technology, human resources, and supply chain management professionals to customers on a project basis. The company assists its customers in various accounting and finance projects, such as mergers and acquisitions, due diligence, financial analyses, corporate reorganizations, and tax-related projects. Resources Connection also provides human resources management services, such as compensation program design and implementation; information technology services, including transitions of management information systems; and internal audit services, such as documenting internal controls. In addition, the company offers budgeting and forecasting, audit preparation, and public reporting. Further, Resources Connection provides policyIQ, a Web-based solution for internal controls documentation and content management. The company was founded in 1996 and is headquartered in Costa Mesa, Calif.
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