Resources Connection Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended May 27, 2017. For the quarter, the company reported revenue of $148,620,000 against $152,515,000 a year ago. Operating income before amortization and depreciation was $9,616,000 against $16,539,000 a year ago. Operating income was $8,675,000 against $15,678,000 a year ago. Income before provision for income taxes was $8,335,000 against $15,746,000 a year ago. Net income was $4,437,000 or $0.15 per diluted share against $8,667,000 or $0.23 per diluted share a year ago. EBITDA was $9,616,000 against $16,539,000 a year ago. Adjusted EBITDA was $11,026,000 against $17,791,000 a year ago. Capital expenditures were $0.7 million during the quarter, net of landlord reimbursements.

For the full year, the company reported revenue of $583,411,000 against $598,521,000 a year ago. Operating income before amortization and depreciation was $37,854,000 against $57,360,000 a year ago. Operating income was $34,402,000 against $53,803,000 a year ago. Income before provision for income taxes was $33,773,000 against $53,989,000 a year ago. Net income was $18,651,000 or $0.56 per diluted share against $30,443,000 or $0.81 per diluted share a year ago. EBITDA was $37,854,000 against $57,360,000 a year ago. Adjusted EBITDA was $43,922,000 against $63,640,000 a year ago. Cash flow from operating activities was $28,265,000 against $38,262,000 a year ago.

For the first quarter fiscal 2018, the company expects effective tax rate to stay in the upper 40%.