secwatch.observer — SEC 8-K summary
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Issuer:     RESOURCES CONNECTION, INC. (RGP)
CIK:        0001084765
Form:       8-K
Filed at:   2024-10-04T23:59:59+00:00
Accession:  0001084765-24-000146
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RGP posts recast FY2024 segment data; Q4 revenue $136.9M, net loss $5.7M
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- New segments: On-Demand Talent, Consulting, Outsourced Services, Europe & Asia Pacific, Other. No change to net income.
- Q4 Aug 24, 2024 revenue $136.9M (down from $170.2M a year ago); net loss $5.7M vs profit $3.1M.
- On-Demand Talent Q4 revenue $52.5M, adjusted EBITDA $2.6M; Consulting $55.0M rev, $7.8M adj.EBITDA.
- Goodwill impairment of $3.9M in Europe & Asia Pacific segment in Q4; gain on building sale $3.4M.
- Adjusted EBITDA Q4 $2.3M vs $11.5M prior year; average bill rate $118/hr vs $125/hr.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084765/000108476524000146/0001084765-24-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084765/000108476524000146/rgp-20241003.htm
  HTML page:      https://secwatch.observer/filing/0001084765-24-000146

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer