RGP News & Events

RGP announced the promotion of Jennifer Jones to the role of Chief Strategy & Experience Officer, effective immediately. In this newly expanded role, Jennifer will be responsible for aligning the company's strategic objectives with induestry trends, customer needs, market opportunities, and organizational capabilities to drive growth and efficiency. Most recently, Jennifer served as RGP's Chief Marketing Officer.

Stock futures were mixed following a mixed trading day as investors took profits and shifted focus to this week's economic data. Meanwhile, comments from President Trump that the 2027 military budget should be higher caused multiple defense stocks to surge after-hours.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Constellation Brandsup 1.8%ALSO HIGHER -Globus Medicalup 9.5% after providing guidance for Q4, FY25, and FY26Gapup 4.1% after UBS upgraded the stock to Buy from NeutralSanara MedTechup 1.3% after receiving a Biasurge contract from VizientHIGHER AFTER TRUMP COMMENTS ON MILITARY BUDGET -AeroVironmentup 8.6%Lockheed Martinup 6.4%Northrop Grummanup 5.7%L3Harrisup 5.3%General Dynamicsup 4.3%Huntington Ingallsup 3.7%RTX Corp.up 3.5%LOWER AFTER EARNINGS -Resources Connectiondown 11.6%Franklin Coveydown 10.2%Jefferies Financialdown 2.7%ALSO LOWER -Immuneeringdown 21.9% after reporting overall survival and safety data from its atebimetinib trialPhathom Pharmaceuticalsdown 12.1% after announcing a common stock offering and raising its FY25 revenue guidance

Sees Q3 gross margin 35%-36%. Sees Q3 run-rate SG&A expense $40M-$42M. Says Q3 non-holiday weekly revenue run rate has been largely consistent with Q2. Says in Q2, exceeded expectations in adjusted EBITDA despite revenue coming in below consensus. Says achieved meaningful improvement in gross margins. Comments and guidance taken from Q2 earnings conference call.

Reports Q2 reveneue $117.7M, consensus $119.97M. "I want to thank our leadership and employees for welcoming me as RGP's newly appointed CEO and for supporting a smooth transition," said Roger Carlile, Chief Executive Officer. "I also want to recognize our teams for maintaining a strong focus on our clients and the business during this period. While our balance sheet remains strong, our quarterly earnings results reflect a continued lack of positive momentum of our consolidated revenue and Adjusted EBITDA. These results underscore the need to take decisive actions to better align our cost structure with our current revenue levels, refocus our On-Demand offerings to address the evolving needs of our clients, and scale our Consulting business to deliver high-value solutions to both existing and new clients. This work will require time and disciplined execution, but the path forward is clear, and we are confident these actions will strengthen our business and create long-term value for our clients and shareholders."