Resources Connection Inc (NASDAQ:RECN) Q3 2020 Earnings Conference Call - Final Transcript

Apr 02, 2020 • 05:00 pm ET


Resources Connection Inc (NASDAQ:RECN) Q3 2020 Earnings Conference Call - Final Transcript


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Good afternoon, ladies and gentlemen, and welcome to the Resources Connection, Inc. Conference Call. [Operator Instructions]

At this time, I'd like to turn the call over to your host for today's call Ms. Alice Washington, General Counsel of Resources Connection. Ms. Washington, you may now begin.

Alice Washington

Thank you operator. Good afternoon everyone and thank you for participating on this call. Joining me here today are Kate Duchene, our Chief Executive Officer; Tim Brackney, our Chief Operating Officer and Jennifer Ryu, our Chief Financial Officer.

During this call we will be commenting on our results for the third quarter ended February 22, 2020. By now you should have a copy of today's press release. If you need a copy and are unable to access it on our website, please call Shannon McPhee at 714-430-6363.

During this call, we may make forward-looking statements regarding future events or future financial performance of the company. Such statements are predictions, and actual events or results may differ materially. Please see our report on Form 10-K for the year ended May 25, 2019 and our report on Form 10-Q for the quarter ended February 22, 2020 which we are filing today for a discussion of risks, uncertainties and other factors such as seasonal and economic conditions, as well as epidemic diseases such as the recent outbreak of the COVID-19 illness. Such factors may cause our business, results of operations and financial condition to differ materially from results of operations and financial conditions, expressed or implied by forward-looking statements made during this call.

I'll now turn the call over to our CEO, Kate Duchene.

Kate Duchene

Thank you, Alice. Welcome to our Q3 fiscal '20 earnings call. This is the first time in company history well -- where all participants are delivering remotely and we will be answering Q&A virtually. This is the new normal for us as it is for many companies. Thank you very much for attending the call today during such unprecedented time.

RGP is a human first company. So I will begin my remarks with a human perspective on our current circumstances amid the COVID-19 pandemic. First, we are grateful that to date, we only have a few cases of COVID in our employee population. We have other personnel practicing self quarantine activities and still others facing health challenges of loved ones. Our priority during these challenging times is the safety in health and mental well being of our people. Our limited direct impact to date is good news. We don't take it lightly and for which we are immensely grateful. We will continue to monitor our workforce actively to ensure we are providing the right support, including regular communications, access to knowledge, access to resources, including telemedicine and employee assistance programs and access to virtual learning, training programs and IT support. We are also proud we already offer paid time off and sick leaves benefit to those coping with this current situation.

Second, we have implemented aggressive work from home plans for both consultants and