Resources Connection, Inc.: Quarterly report
Resources Connection reported an 18.4% revenue decline and an increased net loss of $8.0 million for the first quarter of fiscal 2027.
Negative for the companyWhat the numbers say
Revenue fell 18% to $98.1M versus the same quarter last year (7.6% down on the previous quarter); operating margin narrowed from -1.7% to -7.4%; diluted EPS -$0.23 versus -$0.07; cash fell by $21.1M to $61.2M; diluted share count up 4.5% (dilution).
What happened
- Revenue fell 18.4% to $98.1 million as billable hours decreased 13.2% and average bill rates dropped 5.8%.
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