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Aug 26, 2023
Resources Connection Q1 2024 Earnings Report
Resources Connection reported financial results for the first quarter of fiscal year 2024.
Key Takeaways
Resources Connection's first quarter fiscal 2024 revenue was $170.2 million, compared to $204.1 million in the first quarter of fiscal 2023. Net income was $3.1 million, compared to $18.1 million in the prior year quarter. Diluted earnings per common share was $0.09, compared to $0.53 in the prior year. The company delivered an Adjusted EBITDA margin of 6.8%.
Revenue was $170.2 million, a decrease from $204.1 million in the prior year quarter.
Net income was $3.1 million, lower than $18.1 million in the same quarter last year.
Diluted earnings per share (EPS) decreased to $0.09, compared to $0.53 year-over-year.
Adjusted EBITDA was $11.5 million, with a margin of 6.8%.
Revenue by Geographic Location
Forward Guidance
Company is focused on sourcing and closing every revenue opportunity, while remaining vigilant on improving its cost structure to better align with market conditions and is primed to execute as the market conditions improve.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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