•
Jun 29, 2024

RCM Technologies Q2 2024 Earnings Report

RCM Technologies reported an increase in revenue and gross profit for the second quarter of 2024.

Key Takeaways

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%.

Revenue increased by 3.2% compared to the prior year quarter.

Gross profit increased by 6.6% compared to the prior year quarter.

GAAP net income was $3.8 million, or $0.47 per diluted share.

Adjusted EBITDA (non-GAAP) increased by 10.8% compared to the prior year quarter.

Total Revenue
$69.2M
Previous year: $67M
+3.2%
EPS
$0.56
Previous year: $0.47
+19.1%
Gross Profit
$20M
Previous year: $18.8M
+6.6%
Cash and Equivalents
$3.48M
Previous year: $1.27M
+173.4%
Total Assets
$118M
Previous year: $106M
+12.1%

RCM Technologies

RCM Technologies

RCM Technologies Revenue by Segment

Forward Guidance

RCM Technologies will host a conference call on August 8, 2024, to discuss the second-quarter results.

Revenue & Expenses

Visualization of income flow from segment revenue to net income