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RESOURCES CONNECTION (RGP)

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Earnings summaries and quarterly performance for RESOURCES CONNECTION.

Recent press releases and 8-K filings for RGP.

RGP Reports Q2 Fiscal 2026 Financial Results
RGP
Earnings
Demand Weakening
CEO Change
  • Resources Connection, Inc. (RGP) reported revenue of $117.7 million for the second quarter of fiscal 2026, a decline from $145.6 million in the prior year quarter.
  • The company posted a net loss of $12.7 million (net loss margin of 10.8%) for Q2 FY26, an improvement from a net loss of $68.7 million (net loss margin of 47.2%) in Q2 FY25.
  • GAAP diluted loss per common share was $0.38 for Q2 FY26, compared to $2.08 in the prior year quarter.
  • Adjusted EBITDA decreased to $4.0 million (3.4% margin) in Q2 FY26 from $9.7 million (6.6% margin) in Q2 FY25, reflecting a continued lack of positive momentum.
  • CEO Roger Carlile highlighted the need for decisive actions to align cost structure with current revenue levels, refocus On-Demand offerings, and scale the Consulting business.
8 days ago
RGP Reports Q2 2026 Results and Outlines Strategic Priorities
RGP
Earnings
CEO Change
Guidance Update
  • RGP reported Q2 2026 consolidated revenue of $117.7 million, an 18.4% decline year-over-year on a constant currency basis, resulting in a GAAP net loss of $12.7 million due to $11.9 million in one-time expenses.
  • Roger Carlile was appointed as the new CEO in November, outlining a strategy focused on aligning the cost structure with current revenue levels, refocusing on-demand offerings, and scaling the consulting business.
  • The company implemented a reduction in force in October, affecting 5% of management and administrative headcount, which is expected to generate $6 million-$8 million in annual savings.
  • For Q3 2026, RGP projects revenue to be between $105 million-$110 million and a gross margin of 35%-36%.
  • RGP maintains a strong balance sheet with $89.8 million in cash and cash equivalents and zero outstanding debt.
8 days ago
RGP Reports Q2 2026 Results and Outlines Strategic Priorities
RGP
Earnings
CEO Change
Guidance Update
  • RGP reported Q2 2026 consolidated revenue of $117.7 million, marking an 18.4% decline year-over-year on a constant currency basis, with an Adjusted EBITDA of $4 million (3.4% margin) and a GAAP net loss of $12.7 million.
  • The company incurred $11.9 million in one-time expenses related to a CEO transition and a reduction in force. A reduction in force in October impacted 5% of management and administrative headcount and is expected to yield $6-$8 million in annual savings.
  • Newly appointed CEO Roger Carlisle outlined strategic priorities to align the cost structure, refocus on-demand offerings, and scale the consulting business to drive future growth and financial results.
  • For Q3 2026, RGP anticipates revenue between $105 million and $110 million, a gross margin of 35%-36%, and run rate SG&A expense in the range of $40 million to $42 million.
  • The balance sheet remains strong with $89.8 million in cash and cash equivalents and zero outstanding debt. The share repurchase program has $79 million remaining.
8 days ago
RGP Reports Q2 2026 Results and Outlines Strategic Priorities Under New CEO
RGP
Earnings
CEO Change
Guidance Update
  • RGP reported Q2 2026 consolidated revenue of $117.7 million and an Adjusted EBITDA of $4 million, resulting in a GAAP net loss of $12.7 million.
  • The company's new CEO, Roger Carlile, outlined a strategy to align cost structure with current revenue levels, refocus on-demand offerings, and scale the consulting business.
  • A reduction in force in October impacted 5% of management and administrative headcount and is expected to yield annual savings of $6-$8 million.
  • For Q3 2026, RGP expects revenue between $105 million and $110 million and a gross margin of 35%-36%.
  • The company maintains a strong balance sheet with $89.8 million in cash and cash equivalents and zero outstanding debt, with $79 million remaining for share buybacks under its repurchase program.
8 days ago
RGP Reports Second Quarter Fiscal 2026 Financial Results
RGP
Earnings
CEO Change
Demand Weakening
  • Resources Connection, Inc. (RGP) reported revenue of $117.7 million for the second quarter of fiscal 2026, representing an 18.4% decline in same-day constant currency revenue compared to the prior year quarter.
  • The company posted a net loss of $12.7 million and a GAAP diluted loss per common share of $0.38, an improvement from a net loss of $68.7 million and a diluted loss per common share of $2.08 in the second quarter of fiscal 2025.
  • Adjusted diluted earnings per common share decreased to $0.06 from $0.18, and Adjusted EBITDA was $4.0 million, down from $9.7 million in the prior year quarter.
  • Selling, general and administrative expenses (SG&A) increased to $54.4 million, primarily due to $5.9 million in cash severance and $3.1 million in stock-based compensation related to the former CEO's separation, and $2.6 million in restructuring charges.
  • CEO Roger Carlile noted a continued lack of positive momentum in consolidated revenue and Adjusted EBITDA, outlining plans to align the cost structure, refocus On-Demand offerings, and scale the Consulting business.
8 days ago
Resources Connection, Inc. Announces CEO Transition
RGP
CEO Change
Management Change
Executive Compensation
  • Resources Connection, Inc. announced a leadership change, with Roger Carlile appointed President and CEO effective November 3, 2025, succeeding Kate Duchene.
  • Ms. Duchene transitioned from President, CEO, and Board member on November 2, 2025, and will serve as an Executive Advisor until January 3, 2026, with her last day of employment being January 3, 2026.
  • Mr. Carlile's employment agreement includes an annual base salary of $825,000 and a target annual bonus opportunity of $950,000 for fiscal years after 2026 (pro-rated for fiscal year 2026), along with an initial award of 600,000 restricted stock units.
  • Ms. Duchene will receive $5,325,000 in cash severance, a $554,167 pro-rated target cash bonus for fiscal year 2026, a lump sum for healthcare continuation, and accelerated vesting of all outstanding and unvested equity awards.
Nov 3, 2025, 2:17 PM
RGP Reports Q1 2026 Results and Provides Q2 2026 Outlook
RGP
Earnings
Guidance Update
Layoffs
  • RGP reported Q1 2026 revenue of $120.2 million, exceeding its outlook range, with a gross margin of 39.5% (a 300 basis point increase from the prior year quarter) and adjusted EBITDA of $3.1 million.
  • For Q2 2026, the company anticipates revenue between $115 million and $120 million and expects a gross margin in the range of 38% to 39%.
  • The company is undergoing a transformation to become a diversified platform, focusing on CFO advisory and digital transformation, with its Europe and Asia-Pacific and outsourced services segments achieving year-over-year revenue growth of 5% and 4%, respectively.
  • RGP implemented a reduction in force in early October 2025, which is expected to generate $6 million to $8 million in annual cost savings, contributing to a Q1 2026 SG&A expense of $44.5 million, a 7% improvement from the prior year.
  • The company maintains a strong liquidity position with $77.5 million in cash and cash equivalents and zero outstanding debt.
Oct 8, 2025, 9:00 PM
Resources Connection, Inc. Reports Q1 Fiscal 2026 Financial Results
RGP
Earnings
Dividends
Demand Weakening
  • Resources Connection, Inc. reported revenue of $120.2 million for the first quarter of fiscal 2026, compared to $136.9 million in the first quarter of fiscal 2025.
  • The company's net loss improved to $2.4 million (net loss margin of 2.0%) in Q1 FY26, from a net loss of $5.7 million (net loss margin of 4.2%) in the prior year quarter.
  • GAAP diluted loss per common share improved to $0.07 from $0.17, and Adjusted diluted earnings per common share was $0.03, up from break-even in the prior year quarter.
  • Gross margin significantly improved to 39.5% from 36.5%, and selling, general and administrative expenses (SG&A) decreased to $47.9 million from $48.9 million year-over-year.
  • The company declared cash dividends of $0.07 per share for the quarter ended August 30, 2025.
Oct 8, 2025, 8:29 PM