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May 27, 2023
Resources Connection Q4 2023 Earnings Report
Resources Connection's Q4 2023 revenue declined due to a softer macroeconomic environment, but gross margin remained strong.
Key Takeaways
Resources Connection, Inc. reported a 15.0% decrease in revenue to $184.4 million for the fourth quarter of fiscal year 2023, compared to $217.0 million in the prior year quarter. Net income was $11.8 million, a decrease from $20.5 million in the prior year. Diluted earnings per share was $0.35, compared to $0.61 in the prior year. Despite these challenges, the company delivered a solid Adjusted EBITDA margin of 12.6%.
Revenue of $184.4 million declined 15.0% compared to prior year quarter.
Gross margin remained strong at 41.1% compared to 41.3%.
Net income of $11.8 million compared to $20.5 million in prior year quarter.
Diluted earnings per common share of $0.35 compared to $0.61.
Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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