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RCM Technologies Inc (symbol: RCMT) is a distinguished provider of business and technology solutions aimed at enhancing and maximizing the operational performance of its clients. The company’s operations span several key segments: Engineering, Life Sciences and Information Technology, and Specialty Health Care Services. Established in 1971, RCM Technologies has built a solid reputation through its extensive experience and successful project execution across diverse industries such as aerospace/defense, energy, financial services, manufacturing, and the public sector.
Engineering Services within RCM offer an extensive suite of engineering and design solutions, focusing on three verticals: Energy Services, Process & Industrial, and Aerospace. The Life Sciences and Information Technology division provides critical IT and life sciences services, ensuring clients stay at the forefront of innovation and regulatory compliance. The Specialty Health Care Services segment, which generates the majority of the company’s revenue, is dedicated to staffing health care professionals, including health information management experts, nurses, and physicians.
RCM Technologies maintains a strong geographic presence across North America and Europe, with notable business alliances and partnerships with leading technology companies. This global footprint and strategic partnerships enable RCM to deliver top-tier services and create sustainable value for its clients. The company continuously evolves its service offerings by integrating complementary technologies and business processes, ensuring comprehensive, single-source solutions with various delivery options.
Recent developments include RCM Technologies' partnership with TransnetBW to modernize the transmission grid in Europe, showcasing RCM’s commitment to critical infrastructure projects. Financially, the company has reported robust results, reflecting its expertise and strategic growth initiatives.
Clients seeking to leverage technology for optimized business performance, attract new opportunities, and drive market share can trust RCM Technologies for innovative and reliable solutions.
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.
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