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, Inc. reports company updates as a Nasdaq-listed business and technology solutions provider serving health care, engineering, aerospace and defense, process and industrial, life sciences, and data and solutions markets. Its announcements center on the deployment of engineering, specialty health care, and information technology services for customers operating in infrastructure, modernization, and resource-related industries.
Recurring news includes quarterly and annual financial results, related conference call notices, segment commentary, GAAP and non-GAAP performance measures, and capital-market updates such as index membership. Company releases commonly discuss revenue, gross profit, net income, adjusted EBITDA, diluted earnings per share, and operating trends across its service categories.
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RCM Technologies (NasdaqGM: RCMT) reported strong financial results for Q4 and FY 2022, achieving revenue of $70.2 million for the quarter, up 8.2% year-over-year, and $284.7 million for the year, reflecting a 39.6% increase. Gross profit rose to $20.5 million in Q4, a 15.0% increase, while annual gross profit hit $82.9 million, up 56.1%. Despite a decrease in GAAP net income to $4.8 million or $0.48 per diluted share for Q4, adjusted EBITDA grew to $7.0 million for the quarter and $29.5 million for the year. The company generated over $28 million in cash flow from operations in 2022, indicating strong operational performance.