Resources Connection sees Q3 revenue $181M-$186M, consensus $200.18M

Says that would be second highest Q3 revenue in the last decade. Sees Q3 gross margin 37.5%-38.5%. Sees Q3 run rate SG&A expenses $56M-$58M. Sees Q3 adjusted EBITDA margin in single digit percent range. Says early Q3 revenue trend is steady. Says some clients have paused activity. Says labor market remains tight. Says continuous improvement in bill rates drove revenue in the quarter. Says North America and Asia Pacific both performed well. Sees Q3 cash outlay $5M-$7M cash outlay. Comments taken from Q2 earnings conference call.