Resources Connection Inc reported a challenging Q2 2026, with revenue of $117.7 million and an adjusted EBITDA of $4.0 million (3.4% adjusted EBITDA margin), while GAAP net loss widened to $12.7 million. Management emphasized a deliberate restructuring plan to align cost structure with the current revenue base, including a 5% headcount reduction in October and ongoing automation/AI initiatives intended to drive cost efficiency and higher-value client engagements. The company also signaled a multi-year strategy to strengthen two core franchises—on-demand talent and consulting services—while accelerating the CFO advisory and digital transformation capabilities through the planned integration of ReferencePoint. A new CEO, Roger Carlisle, outlined a disciplined path to profitability via four pillars: (1) align cost structure with revenue levels, (2) refocus on-demand offerings to meet evolving client needs, (3) scale the consulting platform with higher-value engagements, and (4) leverage AI and automation to improve delivery efficiency. In the near term, management guided Q3 revenue of $105–$110 million, gross margin of 35–36%, and run-rate SG&A of $40–$42 million, with non-run rate/non-cash costs of $6–$7 million. The soft top-line backdrop is offset by a robust balance sheet (net cash position of roughly $89.8 million) and a flexible capital allocation plan including a $79 million remaining repurchase program and a quarterly dividend of $2.3 million.