secwatch.observer — SEC 8-K summary
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Issuer:     RESOURCES CONNECTION, INC. (RGP)
CIK:        0001084765
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0001157523-23-000514
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084765/000115752323000514/0001157523-23-000514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084765/000115752323000514/a53375140.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000514

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