Resources Connection Reports Financial Results for First Quarter Fiscal Year 2027
Business Wire•07/10/2026•16:05 ET
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Key Highlights
- ➤Revenue $98.1 million, down from $120.2 million year over year
- ➤Net loss widened to $8.0 million from $2.4 million
- ➤Adjusted EBITDA fell to $(3.6) million from $3.1 million
- ➤Consulting revenue declined 25.8% to $32.4 million
- ➤Cash used in operations increased to $18.9 million from $7.8 million
Expert Statements
Roger Carlile, President and Chief Executive Officer of RGP
“Our first-quarter results were within the revenue and gross margin ranges we communicated in July, with adjusted SG&A expense better than our outlook. However, our revenue and profitability remained below our potential, driven primarily by lower project volume and utilization in Consulting and ongoing caution in client decision-making. We are addressing this with urgency by continuing to strengthen sales execution, improving Consulting project staffing and related utilization, and ongoing efforts to reduce our cost structure. At the same time, we are seeing positive indicators in the business, including the benefit from disciplined pricing in On-Demand Talent, opportunities in our pipeline, and strong performance within several strategic client relationships.”
Roger Carlile, President and Chief Executive Officer of RGP
“We remain confident in the long-term demand for RGP’s integrated model, which combines on-demand talent, consulting, and managed services to help clients move from strategy to execution. Our focus is on translating that differentiated model into more consistent revenue growth, improved utilization, and stronger profitability. While these efforts will take time to be fully reflected in our results, we are committed to disciplined execution and to building sustainable long-term value.”
Resources Connection Reports Financial Results for First Quarter Fiscal Year 2027
Resources Connection, Inc. (Nasdaq: RGP) (the “Company”), a professional services firm, today announced its financial results for its first quarter of fiscal 2027 ended August 29, 2026.
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