RCM Technologies Earnings Reports

RCM Technologies' Q4 2024 revenue increased by 8.3% year-over-year to $76.9 million, driven by growth across its business segments. However, net income declined to $2.9 million from $5.3 million in Q4 2023 due to higher operating expenses. Adjusted EBITDA also fell to $6.3 million from $8.9 million in the prior year, reflecting increased costs and lower margins in certain segments.

RCM Technologies announced its third-quarter results, with revenue increasing by 4.0% to $60.4 million. The company reported a net income of $2.7 million, or $0.35 per diluted share. Growth was led by Healthcare and Engineering sectors.

RCM Technologies reported a revenue increase of 3.2% and a gross profit increase of 6.6% for the second quarter ended June 29, 2024. GAAP net income was $3.8 million, or $0.47 per diluted share. Adjusted EBITDA increased by 10.8%.

RCM Technologies reported a 7.2% increase in revenue, reaching $71.9 million for the quarter ended March 30, 2024. Net income rose to $4.0 million, or $0.48 per diluted share, compared to the prior year. Adjusted EBITDA also saw an increase to $6.8 million.

RCM Technologies reported a revenue increase of 1.1% and a gross profit increase of 5.7% for the quarter ended December 30, 2023. The company's GAAP operating income and net income also increased compared to the same period last year. Adjusted EBITDA also increased.

RCM Technologies reported a slight decrease in revenue and gross profit for the third quarter of 2023, but net income increased. The company's Executive Chairman and CFO expressed confidence in the long-term outlook and improved gross margin.

RCM Technologies reported a decrease in revenue by 9.8% and a decrease in net income to $4.0 million for the thirteen weeks ended July 1, 2023. Despite a slow start to the year in Engineering, the company maintained its strategy of building a differentiated platform and anticipates a healthy double-digit earnings increase in the fourth quarter.

RCM Technologies reported a decrease in revenue and net income for the first quarter of 2023. Revenue decreased by 18.1% to $67.1 million, and net income decreased to $3.8 million, or $0.41 per diluted share. The company experienced slower activity due to project timing and program ramp-up in the Engineering segment.

RCM Technologies reported an 8.2% increase in revenue for the thirteen weeks ended December 31, 2022, with revenue reaching $70.2 million. Gross profit increased by 15.0% to $20.5 million. However, GAAP operating income decreased to $6.8 million, and GAAP net income decreased to $4.8 million, or $0.48 per diluted share.

RCM Technologies reported a strong third quarter with a 27.9% increase in revenue compared to the same period last year. The company experienced growth in gross profit, operating income, and net income. Adjusted EBITDA also saw significant growth, driven by EBITDA-driven growth initiatives.

RCM Technologies announced strong Q3 2021 results, with a 44.1% increase in revenue compared to the same period last year. The company also experienced a significant improvement in profitability, with a GAAP operating income of $3.7 million compared to a GAAP operating loss of $0.2 million in the comparable prior year period.

RCM Technologies reported a substantial increase in revenue and profitability for the second quarter of 2021. Revenue increased by 49.9% compared to the same period last year, and the company achieved GAAP net income of $1.3 million, a significant improvement from the net loss in the prior year period. The company is optimistic about continuing this growth trajectory.

RCM Technologies reported a slight decrease in revenue but a significant improvement in profitability with increased operating and net income. The company's focus on internal improvements has started to yield positive results.

RCM Technologies reported a decrease in revenue to $41.2 million and a net loss of $1.7 million for the fourth quarter of 2020. The company's gross profit also decreased, and it experienced an operating loss compared to the prior year. However, the company is optimistic about future growth, particularly in adjusted EBITDA and with the return of school clients.

RCM Technologies reported a decrease in revenue of 21.6% compared to the same period last year, with revenue totaling $31.6 million. The company experienced a GAAP operating loss of $0.2 million and a net loss of $0.2 million, or $0.02 per diluted share. However, the company generated $6.0 million in cash flow from operations and reduced net debt by 62% since December 2019.

RCM Technologies reported a decrease in revenue by 35.6% and a GAAP net loss of $1.0 million, or $0.08 per diluted share, for the thirteen week period ended June 27, 2020. However, the company reduced its net debt by 51% in thirteen weeks and is pleased with the results against their COVID plan.

RCM Technologies reported a revenue of $45.0 million, a 12.7% decrease compared to the previous year. The company experienced a GAAP net loss of $5.9 million, or ($0.45) per diluted share, primarily driven by an $8.0 million impairment charge. The company is focused on cost and debt reduction and maximizing cash flow.

RCM Technologies reported a decrease in revenue for the fourth quarter of 2019, but experienced an increase in operating income and net income compared to the same period in the previous year. The Specialty Healthcare Group performed strongly, and the Information Technology group delivered profitable growth. The company is focusing on major utilities and OEMs to drive sustainable growth in the Engineering segment.