Resources Connection Inc. announced unaudited consolidated earnings results for the second quarter and six months ended November 23, 2013. For the quarter, the company reported revenue of $145,969,000 compared to $141,197,000 for the same period a year ago. Operating income before amortization and depreciation was $14,284,000 compared to $12,868,000 for the same period a year ago. Operating income was $12,954,000 compared to $11,262,000 for the same period a year ago. Income before provision for income taxes was $12,997,000 compared to $11,312,000 for the same period a year ago. Net income was $7,095,000 or $0.18 per basic and diluted share compared to net income of $5,864,000 or $0.14 per basic and diluted share for the same period a year ago. EBITDA was $14,284,000 compared to $12,868,000 for the same period a year ago. Adjusted EBITDA was $15,908,000 compared to $14,693,000 for the same period a year ago.

For the six months, the company reported revenue of $277,673,000 compared to $278,130,000 for the same period a year ago. Operating income before amortization and depreciation was $22,382,000 compared to $24,197,000 for the same period a year ago. Operating income was $19,674,000 compared to $20,974,000 for the same period a year ago. Income before provision for income taxes was $19,756,000 compared to $21,072,000 for the same period a year ago. Net income was $10,748,000 or $0.27 per basic and diluted share compared to net income of $10,696,000 or $0.26 per basic and diluted share for the same period a year ago. EBITDA was $22,382,000 compared to $24,197,000 for the same period a year ago. Adjusted EBITDA was $25,660,000 compared to $27,835,000 for the same period a year ago. Cash flow from operating activities was $8,421,000 compared to $5,066,000 for the same period a year ago. The improvement in earnings per share was driven primarily by a reduction in the weighted average diluted common shares outstanding in the first six months of fiscal 2014.

The company provided earnings guidance for the third quarter and revenue guidance for the full year of fiscal 2014. For the quarter, the company expects gross margin to decline approximately 270 basis points from the second quarter's gross margin due to the impact of 3 paid holidays during the quarter and the reset of payroll taxes on January 1, 2014. The company expects depreciation and amortization expense to approximate $1.3 million.

The company expects to continue to focus on revenue growth in 2014.