RESOURCES CONNECTION, INC. reported fiscal 2026 results with revenue of $452.01M, down from $551.33M a year earlier, and a net loss of ($40.6M) compared with a ($191.78M) loss in the prior year; diluted loss per share improved to ($1.21) from ($5.8).
Financial Highlights
| MetricCurrent yearPrior yearYoY change | Revenue¹$452.01M$551.33M(18%) | Net income²($40.6M)($191.78M)78.8% | Diluted EPS³($1.21)($5.8)79.1% |
¹ Reported as “Revenue”. ² Reported as “Net income (loss)”. ³ Reported as “Net income (loss) per common share”.
Business Highlights
- Revenue fell about 18% year over year, driven by a 17.5% decline in billable hours and weaker demand for traditional accounting skills.
- Demand mix shifted from on‑demand operational roles toward AI, automation and higher‑value consulting; U.S. bill rates rose while the overall mix lowered the company’s average rate.
- Management integrated Reference Point into a single consulting unit and expanded M&A, data analytics and AI capabilities, while refreshing consultant skillsets.
- Launched a 2026 Transformation Initiative that included two rounds of workforce reductions, office footprint optimizations and $8.4M of restructuring to reduce SG&A and streamline operations.
- Sold Sitrick in May 2026 to simplify the portfolio, realizing $1.9M of proceeds while retaining limited lease-related obligations.
Original SEC Filing:
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