RGP Q2 FY2023 net income rises to $17.4M; record adjusted EBITDA margin of 14.8%

RESOURCES CONNECTION, INC.

2023-Q2 EPS reported $1.04 revenue$404,417,000

Revenue $200.4M, flat YoY; same-day constant currency revenue ex-taskforce grew 5.7%.
Gross margin 41.1%, up 180 bps YoY; net income margin 8.7% vs 7.1%.
Diluted EPS $0.51 vs $0.42; cash dividend maintained at $0.14/share.
Adjusted EBITDA $29.6M, margin 14.8% (230 bps improvement) – a Q2 record.
SG&A as % revenue improved 10 bps to 28.3%; effective tax rate 25.2%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RESOURCES CONNECTION, INC. reported the fiscal second quarter ended November 26, 2022 results: revenue $200.4 million, net income $17.4 million, EPS $0.51.

Period: the fiscal second quarter ended November 26, 2022
Revenue: $200.4 million
Net income: $17.4 million
EPS: $0.51
Result: reported results

Exact text from the filing

today announced financial results for its fiscal second quarter ended November 26, 2022. Second Quarter Fiscal 2023 Highlights Compared to the Prior Year Quarter: Revenue of $200.4 million was up slightly Same-day constant currency revenue excluding taskforce , divested in the first quarter of fiscal 2023, a non-GAAP measure, grew 5.7% Gross margin expanded 180

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Source: SEC EDGAR

accession 0001157523-23-000010

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