secwatch.observer — SEC 8-K summary
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Issuer:     RESOURCES CONNECTION, INC. (RGP)
CIK:        0001084765
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001157523-23-001137
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Resources Connection Q4 revenue $184.4M beats guidance; diluted EPS $0.35 vs $0.61 YoY
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- Q4 revenue $184.4M, down 15% YoY but above guidance range; same-day constant currency revenue down 11.5% excluding divested taskforce.
- Gross margin 41.1% vs 41.3% prior year; full-year gross margin 40.4% (110 bps improvement) due to pricing initiatives.
- Q4 net income $11.8M ($0.35 diluted EPS) vs $20.5M ($0.61) prior year; full-year net income $54.4M ($1.59 diluted EPS).
- Dividend unchanged at $0.14/share; financial liquidity $291M, up from $224M at FY2022 year-end.
- Management cites challenging macro but confident in agile co-execution model; SG&A $56.5M including $1.9M tech transformation costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084765/000115752323001137/0001157523-23-001137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084765/000115752323001137/a53474637.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001137

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