Good afternoon, ladies and gentlemen, and welcome to the Resources Connection, Inc. conference call. Currently, 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. At this time, I would like to remind everyone that management will be commenting on results for the first quarter ended August twenty-fourth, two thousand and twenty-four. They will also refer to certain non-GAAP financial measures. An explanation and reconciliation of these measures to the most comparable GAAP financial measures are included in the press release issued today. Today's press release can be viewed in the Investor Relations section of RGP's website and filed today with the SEC. Also, during this call, management may make forward-looking statements regarding plans, initiatives, and strategies and the anticipated financial performance of the company. Such statements are predictions, and actual events or results may differ materially. Please see the Risk Factors section in RGP's report on Form 10-K for the year ended May twenty-fifth, two thousand and twenty-four, for a discussion of risks, uncertainties, and other factors that may cause the company's business, results of operations, and financial condition to differ materially from what is expressed or implied by forward-looking statements made during this call. I'll now turn the call over to RGP's CEO, Kate Duchene. Thank you, operator. Good afternoon, everyone, and thank you for joining. Bhadresh Patel, our Chief Operating Officer, and Jenn Ryu, our Chief Financial Officer, are with me today to discuss Q1 results, operating updates and trends, and exciting strategic initiatives. I'll focus on what we have accomplished in Q1 to evolve our operating model and brand architecture to provide greater transparency and clarity regarding our capabilities to unlock growth and cross-sell across our enterprise. While the past twelve months have been a challenging operating environment in professional services, we've embraced the opportunity to create a stronger platform for the future, broaden our addressable market, deepen our client relationships, and improve efficiency. We made two significant moves in Q1. First, we evolved our operating model to align strategy and execution with accountable business segments driving performance. Second, we rebuilt our brand architecture and positioning to clearly articulate our new operating model and the competitive advantage we bring to the marketplace. We launched our new brand positioning today. We will post a new investor presentation later this week, available at www.rgp.com. This digital asset lays out our refreshed brand architecture and capabilities, what differentiates our brands, and the opportunities ahead. We are a global professional services firm bringing solutions to clients in three ways: on-demand talent, consulting, and outsourced services via our on-demand, Veracity, and Countsy service brands, and all under the RGP umbrella. Jenn will cover our new segment reporting in her remarks, reviewing these service brands in more detail. on-demand by RGP comprises our high-value talent solutions that enable our clients to solve problems quickly and confidently by filling skill set gaps and bandwidth needs. We do not deploy with a pyramid model using inexperienced talent. Delivering with seasoned and senior talent creates faster impact for clients. Our on-demand consultants are experts who execute, with 51% having Big Four, big consulting, or big law experience, and many holding multiple certifications with top designations. As part of our total technology transformation, we invested in new AI-powered talent acquisition and management software that drives faster speed to market and close. We are beginning to see the fruits of this investment as we can scale faster with access to industry expertise across finance and accounting, risk assurance, project, and change management. In this business, we generate strong margins with excellent client retention. We hired a new leader for this segment in June, who is driving enhanced execution and sales focus. Veracity by RGP is our next-generation consulting business, driving digital and functional transformation across people, processes, and technology. Veracity operates with a bench model for salary delivery leaders and can scale by drawing on talent within our on-demand business. This approach also provides us the opportunity to manage a delivery cost structure for the benefit of our clients and RGP. Throughout the life cycle of a transformation project, skill set needs change, and the combination of bench and agile talent capability differentiates this delivery model from the competition. The combination of consulting and on-demand also allows us to engage with the client at the beginning of the project life cycle. Veracity has strategic partnerships with ServiceNow, SAP, Oracle, Workday, BlackLine, among others, and brings frameworks and methodologies to transformation work for functional leaders in finance and accounting, tax, risk and compliance, supply chain, customer experience, employee experience, and information technology.... Countsy by RGP is our outsourced services business for accounting, HR, and equity administration, helping startups, scale-ups, and spin-outs who want to stay laser-focused on growth. We manage clients' back-office operations so they can focus on product and sales. Countsy operates on a modern technology platform anchored by Oracle NetSuite, with expert human capital support provided by fractional CFOs and CHROs. We can get an organization up and running on the technology platform quickly, and we're expanding our addressable market from a startup focus into spin-out and carve-out clients as they look for support post-transaction. Countsy was recently named the 2024 BPO Partner of the Year by NetSuite, a commendation received over the past six years. Now that I've described our operating model and brand evolution, let me explain the strategy driving these moves. First, the new structure allows us to serve a broader range of needs within our existing and future client set. We are increasingly selling to diversified buyer personas. We're actively working to penetrate new buying centers in our clients to enhance the cross-sell and unlock growth. Second, we've deepened and expanded our capabilities in the consulting space, both organically and inorganically, to enhance our ability to win strategy projects at higher levels within our clients' organizations, which in turn creates opportunities to expand the scope of our work in implementation and execution. The ability to engage in different ways during a multi-year project will allow us to win additional work. Third, we are connecting the dots globally to deliver in-country, nearshore, and offshore talent solutions. We've built global delivery centers in the Philippines and India to provide the right talent at the right price and scale. Clients need flexibility, global connectivity, and exceptional service. We are purpose-built to deliver all three. We're pleased that we're starting to see this diversification strategy succeed, and Bhadresh will share some specific examples where our segments are delivering solutions to our clients together. Having undergone our own technology transformation, operating model evolution, and brand refresh, we are positioned to unlock growth over the long term. I'll now turn it over to Bhadresh to share more about our execution focus. Thank you, Kate, and good afternoon, everyone. I'm thrilled about the promise of our new structure, brand positioning, and today's launch, all of which support the strategic direction we shared during our last call. As a challenger brand, we're now better positioned to meet our clients' needs based on their preferred way of engaging with us throughout their transformational and operational journeys without facing internal organizational barriers. This flexibility allows us to deliver our on-demand talent, consulting, and outsourced services offerings, whether individually or in combination seamlessly. This past quarter, our focus has been on leadership integration and reinforcing our full range of service offerings with our sales teams, with an emphasis on cross-selling. While the macroeconomic environment remains uncertain, we are starting to hit stride in executing our cross-sell strategy. We're empowering our sales organization to fully understand the breadth of our services across all segments of the business and leverage our existing client relationships to expand into new buying centers. These training efforts also include an even sharper focus on sales pipeline management and a robust account planning process jointly carried out by our sales and consulting practice leaders. I'm pleased to share that our clients are proving to be quite receptive to our new approach. They're excited about our ability to deliver tailored solutions, as Kate mentioned, all in ways that meet their specific needs and our ability to deliver them in multiple engagement models. Following the strategic shifts we've made over the last few months, we're seeing a significant quarter-over-quarter increase in our growth pipeline and project size increase in our cross-sell opportunities. This growth is no coincidence, but rather largely driven by a stronger focus on go-to-market execution, tight alignment between our segments, and an increased emphasis on cross-border sales within our multinational client base. With a solid global infrastructure in place, we're also unifying our offshore delivery center, which we now call Global Delivery Centers in India and the Philippines, to better serve our clients across the organization. Our business segments are rapidly evolving. Our on-demand talent segment is increasingly relevant in the professional staffing space, though it faces intense competition and rate pressures in the current environment. Despite this, our clients continue to utilize our experts at scale, extending beyond traditional finance and accounting roles. As the macroeconomic conditions improve, we expect client demand for outside expert talent to further expand, and we're fully prepared to respond. Our newly formed consulting segment positions us higher up the professional services value chain, enabling us to play a key role in transformation, strategy, and execution initiatives. A dedicated consulting business positions us to engage in earlier-stage discussions with clients, particularly around business and digital transformation, which creates opportunity for us to win larger pieces of work across the enterprise. The acquisition of Reference Point and its deep advisory capabilities are further strengthening our position with financial services clients, even those we've served for over 10 years. Our outsourced services segment is expanding its client base, especially among venture-backed AI startups, while also exploring cross-selling opportunities within our existing client base, including carve-outs, spin-outs, and scale-ups. Our Europe and APAC segment performance is getting better positioned for future growth. We were impacted by typical summer seasonality, combined with elongated client decision-making cycles and contract negotiations in Europe, while APAC continues to be resilient and deliver strong results. We remain cautiously optimistic for the remainder of the fiscal year, given our client environments remain turbulent as they progress with their internal business restructuring. Most importantly, all segments are proving highly relevant in differentiating us from our traditional staffing and consulting firms, allowing us to secure larger engagements than we have in the past few years, in large part driven by cross-selling activities. Some examples include, for a large healthcare delivery system, we won a sizable ERP implementation initiative to partner with the client and their systems integrator in providing backfill and filling functional roles. This was a collaborative effort between our on-demand and Veracity brands. Second, I shared on our last call that we were in final discussions with the portfolio company of a private equity firm to support a significant carve-out project. Not only was Countsy awarded the multimillion-dollar project to provide comprehensive outsourcing services, but the same client is now leveraging our on-demand brand to engage additional consultants to support the carve-out. As another example, for a global leader in the commercial real estate services and investment space, and a large medical devices and patient care services company, we're engaging our teams across segments and geographies to support their transformational needs. This was the result of a collaborative efforts across our brands and geographies, driven by the product of the work we've done to remove internal barriers and prioritize seamless client service. Another excellent example of successful cross-selling in action. Last, in terms of our technology and digital transformation efforts, we're on track to deliver our new financial system for North America later this calendar year. Additionally, we've initiated the planning phase for migrating our international and other business units onto the new platform. I'll now hand the call over to Jenn. Thank you, Bhadresh, and good afternoon, everyone. For the first quarter of fiscal 2025, our total revenue was $136.9 million, down 19% from the prior year quarter on a same-day constant currency basis. Gross margin for the quarter was 36.5%, and with run rate SG&A improving to $47.7 million, we delivered $2.3 million of adjusted EBITDA on a total enterprise basis, which represents a 1.7% adjusted EBITDA margin. During the quarter, top-of-the-funnel sales activities picked up more momentum, and we saw a notable rebound in growth pipeline, which is an encouraging early indicator for recovery. However, client caution continues to impact the speed at which opportunities move through the sales pipeline. Gross margin this quarter was compressed compared to the prior year quarter, predominantly due to lower utilization of salaried consultants, as well as less favorable leverage on indirect cost of service as a result of a softer top line. The pricing environment across the globe remains competitive. Enterprise-wide average bill rate was $119 constant currency, down from $125 a year ago. Revenue mix shift to Asia Pacific continues to impact our total company average bill rates, driven by lower relative bill rates compared to other geographies and a significant volume of hours billed in this region. Our U.S. and Europe average bill rates continue to demonstrate strength, even in the competitive pricing landscape, and increased 2% and 5% respectively from the first quarter of fiscal 2024. Now on SG&A. Our enterprise run rate SG&A expense for the quarter was $47.7 million, a 14% improvement from Q1 of the prior fiscal year, primarily driven by lower management compensation expense as a result of actions taken in the previous year to reduce fixed costs. We continue to remain laser-focused on improving our operating efficiency and cost leverage. We completed the sale of our building in Irvine, California, during the quarter, unlocking $12.3 million of cash. A $3.4 million gain was recognized in connection with the sale, which was excluded from the aforementioned total run rate SG&A. As previewed in our July call and outlined by Kate and Bhadresh, we began operating in multiple business segments in the first quarter. These segments are on-demand talent, consulting, outsourced services, and a fourth segment with Europe and Asia Pac regions combined. I will now provide some color on segment performance. Revenue for our on-demand talent segment was $52.5 million, compared to $78 million in the prior year quarter, a decline of 33%. Segment Adjusted EBITDA was $2.6 million, or a margin of 4.9%, compared to $8.6 million or an 11% margin in the prior year quarter. Revenue for our consulting segment was $55 million, compared to $56.8 million in the prior year quarter, a decline of 3%. Revenue in the first quarter of the current fiscal year includes $4.5 million of revenue from acquisitions we made over the last year. Segment Adjusted EBITDA was $7.8 million, or a 14.1% margin, compared to $8.5 million, or a 15% margin in the prior year quarter. Revenue for our Outsourced Services segment was $9.5 million, compared to $9.4 million in the prior year quarter, a 1% improvement. Segment Adjusted EBITDA was $1.4 million or a 14.7% margin, compared to $1.5 million or a 16.4% margin in the prior year quarter. Finally, revenue for the Europe and APAC segment was $18 million, compared to $23.3 million in the prior year quarter, a decline of 21% on a same-day constant currency basis. Revenue from APAC remained relatively resilient, while Europe experienced a choppy summer with delays in project starts and deal closes, although some were greenlit in recent weeks. Segment-adjusted EBITDA was $0.2 million, or a 1.3% margin, compared to $1.7 million or 7.3% margin in the prior year quarter. When aligning segment reporting to our new operating structure, we were required under the accounting guidance to allocate goodwill across the new operating segments and assess for any impairment, which resulted in a $3.9 million non-cash goodwill impairment charge within the Europe and APAC segment. Segment-adjusted EBITDA excludes certain shared corporate costs. Please refer to the reconciliation of non-GAAP measures in today's press release in the Form 10-Q, expected to be filed later this week, which includes a reconciliation of segment-adjusted EBITDA to consolidated net income. Turning to liquidity, our balance sheet remains pristine, with $90 million of cash and cash equivalents and zero outstanding debt. We generated $23 million of free cash flow for the last twelve-month period. Net cash outflow associated with the Reference Point acquisition was $23 million. We distributed $4.7 million worth of dividends in the quarter and repurchased $5 million worth of shares at an average price of $11.62 per share. With total available financial liquidity of $263 million, we will continue to focus on completing our technology transformation project and returning cash to shareholders through dividends and share buybacks under our share repurchase program, which had $37 million remaining at the end of the first quarter. I'll now close with our second quarter outlook. So far in the second quarter, weekly revenue run rate has been steady, with a slight uptick in the most recent weeks. While the stronger growth pipeline is encouraging, the operating environment continues to be choppy, and we anticipate the sales cycle to remain protracted in the near term. As such, we do not anticipate a notable uplift in Q2 revenue run rate from the first quarter. We project full quarter revenue to be in the range of $135 million-$140 million. We estimate gross margin to be in the range of 36%-37%, reflecting a pay/bill ratio, revenue mix, and salary consultant utilization that are similar to the first quarter. We expect our second quarter run rate SG&A expense to be in a range of $48 million-$50 million. Non-run rate and non-cash expenses for the second quarter will primarily consist of technology transformation costs and stock compensation expense, totaling approximately $4 million. In closing, we remain optimistic that our efforts to enhance execution under the new operating structure, as well as refreshed branding, coupled with improving economic certainty over time, will position us for a return to growth. This concludes our prepared remarks, and we will now open the call for Q&A. Thank you. As a reminder, to ask a question, please press star one one on your telephone and wait for your name to be announced. To withdraw your question, please press star one one again. One moment for questions. Our first question comes from Joe Gomes with Noble Capital Markets. You may proceed. Good afternoon. Thanks for taking my question. Hi, Joe. Thank you for the segment information. Much detail there. I was wondering if you could give us a little more color on the 33% year-over-year revenue decline in the on-demand segment? Yeah, I think, Joe, where we've seen the most challenge is in our operational accounting group. And that, you know, we're not alone in that. I think that's just a reflection of the difficulty in the marketplace, and the fact that talent is not moving around right now, and so many clients are just trying to get by with incumbent employees in their seats. Where we're seeing more opportunity, as we've talked, is really on the consulting side, especially around tech and digital, and significant project work around ERP system implementation and supply chain consulting-type projects. So, you know, we're trying to position ourselves where the work is. And we do expect this to be just a cycle and that that will also be the part of our business that I think recovers the fastest when we see the economic environment improve. Okay. And then on the call, you mentioned a couple of things. One, that you were seeing significant quarter-over-quarter growth in the pipeline and larger engagements than historically. And I was wondering if you might be able to kind of quantify those to some extent so we get an idea of you know what kind of growth you're seeing on both of those. Yeah, sure. Hi, Joe. Yeah, so our growth pipeline has increased significantly. So if we look at just this week, growth pipeline compared to the end of the first quarter, we're up about 15%. And if you look at it compared to the end of the fourth quarter, at the end of our fiscal, it's up almost 20%. So we definitely are seeing more opportunities come through the pipeline. And you know, some of this is also due to the cross-selling efforts that we have been executing internally. Okay, great. Thanks for that. And one more, if I may. I know it's very, very early days, but we did see the first rate cut. Are you seeing any kind of loosening or positive momentum from clients about starting projects? I know that was one of our hopes for kind of benchmarks is that when rates were cut, we were going to start to see some of this stuff open up. And again, I understand it's early days, but just trying to get your impression of what you've seen here over the past, you know, week to 10 days. Yeah. So, Joe, we both know this, it's all about confidence in the marketplace. I think this will start to give clients more confidence. Where we're seeing it the most, I would say, is all of a sudden, Europe is starting to see the closes actually happen and projects starting. They had a very slow August, for example, and I think it wasn't just because the interest rate environment had not settled yet, but we had elections in the European marketplace, and I think just confidence hadn't built. We had clients who engaged in significant layoffs in the early part of the summer, and you know, clients don't want to bring outsiders in too quickly after that kind of event. So we've seen, I would say, the dust settle a bit, and now we're starting to see decision-making happen just as we'd hoped. I think there, the pipeline has increased materially as well, which means we're getting to the right people. It's just a matter of timing, and when we get the verbal that we're the choice of provider, it's how soon can we start work? So, you know, the other thing I'd say about interest rates, it's not interest rate decline, all by itself that gives clients more confidence, but I do think it will open up more transactional work, and transactional work usually equates to, project opportunities for us. Great. Thanks for taking my questions. I'll get back in queue. You're welcome, Joe. Thank you. Thank you. And as a reminder, to ask a question, please press star one one on your telephone. Our next question comes from Marc Riddick with Sidoti. You may proceed. Hey, good afternoon, everyone. Hi, Mark. So, I know it's certainly early as far as some of the commentary that you've made regarding initial opportunities and client perception to the segmentation updates and changes and go-to-market changes. I was wondering if you could talk a little bit about maybe as far as initial thoughts or initial reality, some of the areas or maybe client types or client industry segments that are maybe most responsive to this. It seems as though from your prepared remarks that it's touching on the larger clients. I was wondering if you could talk a little bit about maybe if there are any particular types of clients that have been particularly receptive. Hi, this is Bhadresh. I think overall, what we're seeing, it's not just any particular industry or sector. It is our ability to now expand beyond finance and accounting conversations that's actually driving the cross-sell, and we're seeing that across all of our sectors. So it's not any one particular one that's actually steaming ahead of the other. So we've just unlocked our, what we've been building over the past few years to further expand into additional buying centers, and that's where we're starting to see more momentum come. And then can you talk a little bit about maybe some of the internal planning and and maybe either you know conversations with staff, training, things like that, that might have gone along with this and maybe sort of the direction of where you're going? Yeah. Marc, we lost you at the very end, so if my answer and maybe Bhadresh's answer in combination is not what you wanted, let us know. But you're absolutely right. I mean, we are positioning our sales force now to have a broader portfolio of solutions and capabilities to bring forth. We are not expecting them to do it all by themselves. I think this organizational design and operating model evolution clarifies who they turn to for support, to talk shop, and really going to market together. This model for our salespeople is not to create lots of different sales individuals calling on the same client. We really view our sales team as a concierge-type partner to our clients to bring forth the capabilities of our enterprise, no matter where they sit, and clients are reacting very positively to that. They don't want lots of people calling on them. They want a trusted partner who can help understand their problem and then plug the client into us in the right way. So with that, Bhadresh, would you have anything to add please? I think internally, we've also done a significant amount of work that started last fiscal in really getting organized around our capabilities and practices, as well as definition of, you know, personas that we target, what their buying behaviors are and patterns are, how to kind of approach those conversations and bringing the right expertise to the table. We also vetted in depth the capabilities in the consulting business, really aligned to the fact that, you know, we have depth, repeatability, methodology, bench, not just the fact that we can rely on the on-demand business to bring the experts in time. So this is what's allowing us to move up the food chain in these conversations, and then we're able to leverage our on-demand capabilities to start to scale on those projects that we're landing. ... Great. And then the last question for me is more along the lines of cash, particularly around the acquisition opportunity, the comments here, Reference Point. But I was wondering if you talk a little bit about maybe what you're seeing as far as the potential acquisition pipeline, target prioritization, valuation? Yeah, I think right now, Marc, we're very focused on completing the integration of Reference Point, continuing to complete the integration of CloudGo, to support more of our digital business, and especially bringing those capabilities together globally, so we're heads down in execution right now, and as Bhadresh just shared, we've done a lot to add some account planning tools, to add training material to our go-to-market teams toolkit, so that we're doing a better job of representing what we already have and getting the return on the investments that we've made, so that's where we're very focused. That's not to say we aren't, you know, looking at the marketplace as we see assets coming to market that could be interesting, but right now, I, you know, as a team, we're focused on execution. Yeah, Marc, I couldn't hear you completely, and if your question was also on from a capital allocation standpoint, you know, with us focusing more internally on execution and pursuing deals more opportunistically, we do expect to shift the capital allocation priority in this coming quarter to focus a little bit more on share buyback. Great. Thank you very much. You're welcome. Thank you. I would now like to turn the call back over to Kate Duchene for any closing remarks. Well, I wanna thank everyone for joining us today, and we look forward to updating you after the close of our second quarter. Thanks very much, and please check out our new website. Thank you. This concludes the conference. Thank you for your participation. You may now disconnect.