RESOURCES CONNECTION, INC. — Form 8-K
Filed October 7, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 58/100
What the filing says
Resources Connection reported Q1 FY2027 revenue of $98.1M vs. $120.2M YoY (−18.4% constant currency), with net loss of $8.0M vs. $2.4M loss prior year. Billable hours fell 13.2%, average bill rate declined 5.8%, and Adjusted EBITDA turned negative to $(3.6)M from $3.1M. The company cut SG&A $4.8M YoY through workforce reductions and facility exits, but gross margin compressed 210bps to 37.4% due to consultant underutilization. Cash on hand is $61.2M; quarterly dividend of $0.07/share ($2.4M) maintained.
Why this rating
Revenue down 18% YoY is material vs. ~$150M market cap. Loss swing and negative EBITDA signal operational stress, but cost cuts, strong cash position ($61.2M), and dividend maintenance show some resilience. Near-term demand weakness and profitability pressure are real.
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