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Sep 30, 2023
RCM Technologies Q3 2023 Earnings Report
RCM Technologies' financial performance remained relatively stable, with a slight decrease in revenue and gross profit, but an increase in net income.
Key Takeaways
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 revenue of $58.0 million, a 0.2% decrease compared to the prior-year period.
Gross profit was $17.3 million, a 0.4% decrease compared to the prior-year period.
GAAP net income was $3.8 million, or $0.46 per diluted share, compared to $3.5 million, or $0.33 per diluted share, in the prior-year period.
Adjusted EBITDA (non-GAAP) was $4.6 million, compared to $4.8 million in the prior-year period.
Revenue by Segment
Forward Guidance
RCM Technologies expects the fourth quarter to be their strongest.
Positive Outlook
- Expects the fourth quarter to be strongest.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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