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Dec 31, 2022
RCM Technologies Q4 2022 Earnings Report
RCM Technologies reported an increase in revenue and gross profit, but a decrease in GAAP operating income and net income for the fourth quarter of 2022.
Key Takeaways
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.
Revenue increased by 8.2% compared to the prior-year period, reaching $70.2 million.
Gross profit increased by 15.0% compared to the prior-year period, reaching $20.5 million.
GAAP operating income decreased to $6.8 million compared to $7.1 million for the comparable prior-year period.
GAAP net income decreased to $4.8 million, or $0.48 per diluted share, compared to $6.0 million, or $0.52 per diluted share, for the comparable prior-year period.
Revenue by Segment
Forward Guidance
RCM Technologies will host a conference call on March 16, 2023, to discuss these results.
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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