Resources Connection, Inc. reported Q4 and full-year fiscal 2026 results. Fourth quarter revenue was $106.1 million, down from $139.3 million, with gross margin of 37.6%. The quarter produced a net loss of $16.1 million, an improvement from a $73.3 million loss a year earlier.
For fiscal 2026, revenue was $452.0 million versus $551.3 million, while gross margin held at 37.5%. The company recorded a net loss of $40.6 million, better than the $191.8 million loss in fiscal 2025, and generated Adjusted EBITDA of $5.0 million.
As of May 30, 2026, cash and cash equivalents were $82.4 million. The company was not in compliance with all financial covenants under its prior credit facility, which was terminated and replaced on July 15, 2026 with a new revolving credit facility of up to $30.0 million tied to eligible receivables.
Resources Connection, Inc. entered into a new Revolving Credit, Guaranty and Security Agreement on July 15, 2026 with PNC Bank, National Association, as agent, and other lenders. The secured revolving credit facility provides loans up to the lesser of $30 million and a borrowing base tied to eligible receivables and eligible unbilled receivables, including a $5 million standby letter of credit sublimit and a $15 million swing loan sublimit. An uncommitted option permits increases of up to an additional $20 million before the third anniversary of closing, not more than twice during the term. The facility matures on July 15, 2031, is secured by substantially all assets of the company and its domestic subsidiaries, and bears interest at Term SOFR plus 1.75%–2.25% or an Alternate Base Rate plus 0.75%–1.25%, depending on Consolidated EBITDA, with customary fees, covenants, and events of default.
In anticipation of this facility, the company terminated its July 2, 2025 Credit Agreement with Bank of America, N.A. effective July 13, 2026. The board also reclassified director terms on July 10, 2026, moving Roger Carlile from Class III to Class II solely to better balance the three director classes, with his board service deemed uninterrupted.
BlackRock, Inc. filed Amendment No. 7 to a Schedule 13G/A reporting beneficial ownership of 1.9% of Resources Connection, Inc.'s common stock, or 667,843 shares. The filing lists the Reporting Business Units of BlackRock as the beneficial owners and cites CUSIP 76122Q105. The cover shows an effective date of 06/30/2026 and the schedule is signed on 07/08/2026.
Carlile Roger D reported acquisition or exercise transactions in this Form 4 filing.
RESOURCES CONNECTION, INC. President and CEO Roger D. Carlile reported an equity award on common stock. He received 11,727.8582 shares of common stock as a grant or award at a stated price of $0.0000 per share, increasing his directly held position to 732,842.3642 shares.
The filing also shows 54,137 shares of common stock held indirectly through the Carlile Trust. A footnote explains that the reported amount represents dividend equivalent rights accrued on previously awarded restricted stock units, which vest proportionately with the related units, indicating this is compensation-related rather than an open-market purchase.
RESOURCES CONNECTION, INC. President Iyer Venkataraman Ramaswamy reported an acquisition of additional common stock-related units through a compensation award. He received 1,318.019 dividend equivalent rights that accrued on previously granted restricted stock units, with no cash paid per unit. These rights will vest over time in step with the related restricted stock units. After this award, his directly held common stock-equivalent position reported in this filing increased to 84,629.264 shares.
KISTINGER ROBERT F reported acquisition or exercise transactions in this Form 4 filing.
RESOURCES CONNECTION, INC. director Robert F. Kistinger received an automatic grant of 1,502 phantom stock units as dividend equivalents on previously awarded phantom shares under the Directors Deferred Compensation Plan. Each unit mirrors one share of common stock economically, bringing his phantom stock balance to 92,586 units, payable in cash after he leaves the board.
RESOURCES CONNECTION, INC. President Michael Wayne Lane reported an automatic acquisition of 3,221.0876 shares of common stock as part of his compensation. These shares represent dividend equivalent rights accrued on previously awarded restricted stock units and were granted at no cost. After this grant, he directly holds a total of 201,441.9762 common shares, and no derivative securities are reported in this filing.
RESOURCES CONNECTION, INC. President Scott Glenn Rottmann reported an automatic acquisition of 3,427.5604 shares of common stock on June 19, 2026. These represent dividend equivalent rights credited on previously awarded restricted stock units and will vest in step with those units, rather than through a cash purchase.
Following this grant, his directly held common stock position reported in the filing increased to 210,550.0241 shares. The transaction is classified as a grant or award acquisition and reflects routine equity-based compensation tied to existing restricted stock awards.
Ryu Jennifer Y reported acquisition or exercise transactions in this Form 4 filing.
RESOURCES CONNECTION, INC. Chief Financial Officer Jennifer Y. Ryu received a grant of 2,230.7944 shares of common stock as a stock-based award. The shares represent dividend equivalent rights accrued on previously awarded restricted stock units and were granted at no cash cost. After this award, she directly holds 211,516.5421 common shares.
von Maltzan Marco reported acquisition or exercise transactions in this Form 4 filing.
RESOURCES CONNECTION, INC. director Marco von Maltzan received an award of 1,416 shares of phantom stock on June 19, 2026. This grant represents dividend equivalent phantom shares accrued on previously awarded phantom shares under the Directors Deferred Compensation Plan and is economically equivalent to 1,416 shares of common stock.
Following this grant, von Maltzan holds a total of 87,318 phantom stock units directly. These phantom shares will be settled in cash after he separates from service as a director, based on his prior elections under the plan.