secwatch.observer — SEC 8-K summary
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Issuer:     RESOURCES CONNECTION, INC. (RGP)
CIK:        0001084765
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001157523-24-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RGP Q2 revenue falls 18.6% to $163.1M; EPS drops to $0.14 from $0.51
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- Revenue $163.1M (-18.6% YoY); same-day constant currency revenue down 19.2%.
- Net income $4.9M ($0.14 diluted EPS) vs $17.4M ($0.51) in prior year quarter.
- Gross margin 38.9% (down 220 bps) on higher pay/bill ratio and healthcare costs.
- Adjusted EBITDA $16.1M (9.8% margin) vs $29.6M (14.8%); dividend $0.14/share unchanged.
- Closed CloudGo acquisition Nov 15; not material. $2.3M severance from workforce reduction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084765/000115752324000004/0001157523-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084765/000115752324000004/a53876721.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000004

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