Welcome to our dedicated page for Rcm Tech news (Ticker: RCMT), a resource for investors and traders seeking the latest updates and insights on Rcm Tech stock.
RCM Technologies (NASDAQ: RCMT) provides mission-critical technology solutions and specialized workforce services across engineering, healthcare, and IT sectors. This news hub offers investors and industry professionals centralized access to official corporate announcements, financial updates, and strategic developments.
Track key business milestones through earnings reports, leadership changes, partnership announcements, and operational expansions. Our curated collection ensures timely access to press releases covering RCMT's engineering innovations, healthcare staffing initiatives, and cross-industry technology implementations.
Discover updates on the company's three core segments: Engineering Services for industrial projects, Specialty Healthcare Staffing solutions, and Integrated Business Technology deployments. Regular updates include regulatory filings, contract awards, and strategic market entries across North American and European operations.
Bookmark this page for verified updates on RCMT's performance in energy services modernization, healthcare workforce management, and enterprise digital transformation initiatives. Subscribe to alerts for immediate notifications about material developments affecting this diversified technology services provider.
RCM Technologies (NASDAQ: RCMT) has launched its innovative New Ethanol eXpansion Technology (NEXT) program through its RCM Thermal Kinetics division. The technology aims to increase ethanol plant production capacity by over 20% annually without major equipment replacement.
The NEXT program, designed for existing ethanol plants, can potentially add 20 million gallons of production to a 100-million-gallon facility. It integrates strategic equipment upgrades with detailed hydraulic balance across critical systems including distillation, dehydration, and evaporation. Implementation can be completed during short-duration plant turnarounds, minimizing operational disruption.
This innovation comes as international fuel ethanol consumption is projected to grow by 173% from 2021 through 2030. The technology leverages advanced engineering concepts from the refining industry to provide a cost-effective and efficient solution for ethanol producers seeking expansion.
RCM Technologies (RCMT) reported Q3 2024 financial results with revenue of $60.4 million, up 4.0% from $58.0 million in Q3 2023. Gross profit increased 3.2% to $17.8 million. GAAP net income was $2.7 million ($0.35 per diluted share), compared to $3.8 million ($0.46 per diluted share) in Q3 2023. For the first 39 weeks of 2024, revenue grew 4.8% to $201.5 million, with gross profit up 5.7% to $58.2 million. Healthcare and Engineering segments led the quarter's growth, with management anticipating enhanced cash conversion in coming quarters.
RCM Technologies (RCMT) has announced a conference call scheduled for Friday, November 8, 2024, at 1:00 p.m. Eastern time. The call will discuss financial results for the thirteen and thirty-nine weeks ended September 28, 2024. Participants can join via phone using the dial-in numbers: (888) 272-8703 for domestic callers and (713) 936-6995 for international callers.
RCM Technologies operates as a business and technology solutions provider, specializing in Health Care, Engineering, Aerospace & Defense, Process & Industrial, Life Sciences, and Data & Solutions. The company focuses on designing, building, and enabling industries through advanced technologies.
RCM Technologies, Inc. (RCMT) reported strong financial results for Q2 2024. Key highlights include:
- Revenue increased 3.2% to $69.2 million
- Gross profit rose 6.6% to $20.0 million
- GAAP net income was $3.8 million or $0.47 per diluted share
- Adjusted EBITDA grew 10.8% to $7.2 million
- Adjusted net income per diluted share increased to $0.56
For the first half of 2024, RCMT saw revenue growth of 5.2% to $141.1 million and a 10.9% increase in adjusted EBITDA to $14.0 million. The Engineering segment led growth, with ongoing project activity ramping up. Management highlighted the company's strong cash-generating business model, enabling growth funding and active capital structure management.
RCM Technologies, Inc. (RCMT) has announced a conference call scheduled for Thursday, August 8, 2024, at 1:00 p.m. Eastern time. The call will discuss financial results for the thirteen and twenty-six weeks ended June 29, 2024. Investors can dial in using the following numbers:
- Domestic callers: (888) 272-8703
- International callers: (713) 936-6995
RCM Technologies is a business and technology solutions provider operating in key market segments such as Health Care, Engineering, Aerospace & Defense, Process & Industrial, Life Sciences, and Data & Solutions. The company focuses on designing, building, and enabling the Industries of Tomorrow, Today, leveraging world-class talent and advanced technologies.
RCM Technologies, Inc. announced financial results for the first quarter of 2024, reporting revenue of $71.9 million, a 7.2% increase, and gross profit of $20.4 million, a 7.1% increase. The company saw GAAP net income of $4.0 million and adjusted EBITDA of $6.8 million. Adjusted EPS increased by 30.4%. The company's focus on growth initiatives is expected to drive future success.
RCM Technologies, Inc. will host a conference call to discuss financial results for the thirteen weeks ended March 30, 2024. The call will take place on May 9, 2024, at 11:30 a.m. Eastern time. RCM Technologies is a provider of business and technology solutions across various industries.
FAQ
What is the current stock price of Rcm Tech (RCMT)?
What is the market cap of Rcm Tech (RCMT)?
