Resources Connection sees Q4 revenue $104M-$109M, consensus $119.87M

Sees Q4 gross margin 36.5%-37.5%. Sees Q4 run-rate SG&A expenses $39M-$41M. Sees Q4 non-run rate and non-cash expenses $13M-$15M. Says early fourth quarter weekly revenue trends are tracking below third quarter levels based on current visibility. Says saw an uptick in the volume of closed contracts during the quarter. Says AI remains a prominent topic in the market and continues to work with clients to size the opportunity. Says implemented an additional reduction in force in January. Says combined with prior actions in the current fiscal year, the company expects total annualized cost savings of approximately $12M to $14M, with a portion of those savings being selectively reinvested to support growth in fiscal 2027. Comments and guidance taken from Q3 earnings conference call.