RGP Reports Financial Results for Third Quarter Fiscal 2026

About this update from Resources Connection, Inc.

[{"type":"text","content":" DALLAS--(BUSINESS WIRE)--\nResources Connection, Inc. (Nasdaq: RGP) (the “Company”), a professional services firm, today announced its financial results for its third quarter of fiscal 2026 ended February 28, 2026.\n\n\nThird Quarter Fiscal 2026 Highlights Compared to Prior Year Quarter:\n\n\n\nRevenue of $107.9 million compared to $129.4 million\n\n\n\nGross margin improved to 35.7% compared to 35.1%\n\n\n\nSelling, general and administrative (“SG&A”) expenses improved to $45.8 million compared to $51.2 million\n\n\n\nAdjusted SG&A expenses, a non-GAAP measure, improved to $39.4 million compared to $43.7 million\n\n\n\nNet loss improved to $9.5 million (net loss margin of 8.8%) compared to net loss of $44.1 million (net loss margin of 34.0%)\n\n\n\nGAAP diluted loss per common share improved to $0.28 compared to $1.34\n\n\n\nAdjusted EBITDA, a non-GAAP measure, of $(1.4) million (Adjusted EBITDA margin of (1.3)%) compared to $1.7 million (Adjusted EBITDA margin of 1.3%)\n\n\n\nManagement Commentary\n\n\n“Third quarter results were aligned with our previously provided outlook for revenue and gross margin, and our run rate SG&A expense was better than the outlook,” said Roger Carlile, Chief Executive Officer. “We continue to focus on our four priorities of aligning our cost structure with our current revenue levels, refocusing our On-Demand Talent segment offerings, scaling our Consulting segment, and streamlining how we operate. In the third quarter, we made focused investments in our On-Demand Talent and Consulting segments, which we expect to drive revenue growth as they mature through an anticipated ramp-up period. Additionally, we announced today that we have entered into an agreement to sell our Sitrick crisis communications business as part of the streamlining of our business portfolio to focus on the clients and services where we have a competitive right to win. We are confident that our continued focus on these priorities and related activities will deliver improved future financial results.”\n\n\nThird Quarter Fiscal 2026 Results\n\n\nRevenue in the third quarter of fiscal 2026 was $107.9 million compared to $129.4 million in the third quarter of fiscal 2025. On a same-day constant currency basis, revenue decreased by $25.4 million, or 19.6%. Billable hours decreased 16.3% year-over-year and the Company average bill ra...

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