RGP Q1 revenue $170.2M (-17% constant currency); diluted EPS $0.09 vs $0.53 YoY

RESOURCES CONNECTION, INC.

2024-Q1 EPS reported $0.09 revenue$170,169,000

Revenue of $170.2M, down 16.6% from $204.1M YoY; constant currency decline of 17.0%.
Net income of $3.1M ($0.09 diluted EPS) vs $18.1M ($0.53) in prior year.
Gross margin fell to 39.4% from 40.9%; SG&A rose to 35.2% of revenue from 27.6%.
Adjusted EBITDA margin dropped to 6.8% from 15.0%; cash dividend maintained at $0.14/share.
Management cited macro headwinds, longer sales cycles; liquidity improved to $286.8M.

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 1.0

RESOURCES CONNECTION, INC. reported fiscal first quarter ended August 26, 2023 results: revenue $170.2 million, net income $3.1 million, EPS $0.09.

Period: fiscal first quarter ended August 26, 2023
Revenue: $170.2 million
Net income: $3.1 million
EPS: $0.09
Result: reported results

Exact text from the filing

firm, today announced financial results for its fiscal first quarter ended August 26, 2023. First Quarter Fiscal 2024 Highlights Compared to Prior Year Quarter: Revenue of $170.2 million compared to $204.1 million Same-day constant currency revenue, a non-GAAP measure, declined 17.0% Gross margin of 39.4% compared to 40.9% Net income of $3.1 million (net income

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Source: SEC EDGAR

accession 0001157523-23-001461

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