Rcm Tech Stock Price, News & Analysis

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.

RCM Technologies, Inc. (NasdaqGM: RCMT) has announced a conference call scheduled for March 16, 2023, at 11:00 a.m. Eastern Time. The purpose is to discuss the financial results for the thirteen and fifty-two weeks ended December 31, 2022. Callers can join via dial-in at (800) 285-6670 for domestic or (713) 936-6995 for international participation. RCM provides business and technology solutions to optimize performance in commercial and government sectors, alongside specialty healthcare services. Risks and uncertainties linked with forward-looking statements regarding performance and growth are highlighted.

RCM Technologies, Inc. (RCMT) reported strong financial results for Q3 2022, with a revenue of $58.2 million, a 27.9% increase from the prior year. Gross profit reached $17.4 million, up 42.1%. Net income also rose to $3.5 million or $0.33 per diluted share, compared to $2.8 million or $0.24 last year. For the first nine months, total revenue stood at $214.5 million, showing a 54.3% increase year-over-year, with net income at $16.1 million or $1.52 per diluted share. Adjusted EBITDA surged by 162% for Q3 and 290% year-to-date.

RCM Technologies, Inc. (RCMT) announces a conference call on November 10, 2022, at 11:30 a.m. ET to discuss financial results for the 13 and 39 weeks ended October 1, 2022. Interested parties can join via dial-in numbers provided for domestic and international callers. RCM Technologies specializes in business and technology solutions aimed at enhancing operational performance, serving both commercial and government sectors, as well as healthcare services. The announcement also includes forward-looking statements regarding risks and expected financial outcomes.

RCM Technologies (NasdaqGM: RCMT) has announced the acquisition of TalentHerder, a leading talent acquisition service provider. This strategic move aims to enhance RCM's recruitment process outsourcing (RPO) capabilities by expanding their candidate sourcing reach and improving response times to client needs. The acquisition is expected to address challenges in attracting skilled talent, particularly for high-growth organizations. TalentHerder's expertise in recruitment will allow RCM to offer more flexible RPO solutions, positioning the company as a leader in the sector.

RCM Technologies, Inc. (NasdaqGM: RCMT) announced the upcoming grand opening of the RCM Thermal Kinetics Innovation Center in November 2022, aimed at enhancing operational performance for clients in various sectors including renewable technologies and pharmaceuticals. This facility will include a state-of-the-art Test Center for pilot testing, which supports carbon-reduction goals and improves project efficiency. The company has doubled its workforce over the past year to meet increasing demand. Since its acquisition of Thermal Kinetics in 2018, RCM has seen continuous business growth.

RCM Technologies, Inc. (RCMT) reported impressive financial results for the thirteen and twenty-six weeks ended July 2, 2022. Revenue reached $74.3 million, up 51.9% year-over-year, with a gross profit of $21.7 million, marking a 76.8% increase. Net income surged to $6.0 million ($0.57 per diluted share), compared to $1.3 million ($0.11 per diluted share) in the previous year. For the twenty-six weeks, revenue was $156.3 million, a 67.2% rise, and gross profit $45.1 million, representing a 95.1% increase. Adjusted EBITDA also saw substantial growth, affirming strong operational performance across various market segments.