RGP Q3 FY2023 revenue $186.8M (-8.7% YoY); EPS $0.21 vs $0.58; gross margin 38.3%

RESOURCES CONNECTION, INC.

2023-Q3 EPS reported $1.24 revenue$591,194,000

Revenue of $186.8M exceeded outlook range; same-day constant currency revenue fell 4.1% excluding divested taskforce.
Gross margin improved 80bps to 38.3% (10-year Q3 high) on 190bps pay/bill spread improvement.
Net income $7.0M ($0.21 diluted EPS) vs $19.4M ($0.58) prior year; includes $3.0M Sitrick goodwill impairment.
SG&A rose to 31.8% of revenue from 27.9% due to technology transformation costs and prior-year FX gain.
Paid down $20M debt; cash dividends unchanged at $0.14/share; available liquidity $278.1M.

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 0.9

RESOURCES CONNECTION, INC. reported fiscal third quarter ended February 25, 2023 results: revenue $186.8 million, net income $7.0 million, EPS $0.21 per diluted share.

Period: fiscal third quarter ended February 25, 2023
Revenue: $186.8 million
Net income: $7.0 million
EPS: $0.21 per diluted share
Result: reported results

Exact text from the filing

firm, today announced financial results for its fiscal third quarter ended February 25, 2023. Third Quarter Fiscal 2023 Highlights Compared to the Prior Year Quarter: Revenue of $186.8 million compared to $204.6 million, which included $6.7 million of revenue attributed to taskforce , which was divested at the beginning of fiscal 2023 Same-day constant currency

View on SEC.gov

Browse all earnings releases →

RESOURCES CONNECTION, INC. filing history →

Source: SEC EDGAR

accession 0001157523-23-000514

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.