secwatch.observer — SEC 8-K summary
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Issuer:     RESOURCES CONNECTION, INC. (RGP)
CIK:        0001084765
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001157523-23-001461
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084765/000115752323001461/0001157523-23-001461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084765/000115752323001461/a53576734.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001461

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