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.
Overview of RCM Tech
RCM Tech (Symbol: RCMT) has built a reputation since 1971 for delivering technology integration and engineering services that optimize business performance and drive sustainable value. With a rich history of over 35 years in hands-on project execution, RCM Tech is widely recognized for providing comprehensive business and technology solutions tailored to the needs of diverse industries, including aerospace and defense, energy, financial services, life sciences, manufacturing, distribution, public sector, and information technology.
Core Business Segments
The company operates primarily through three segments:
- Engineering Services: Offering a broad portfolio that spans energy services, process and industrial design, as well as aerospace, life sciences, and information technology, this segment leverages deep technical expertise to support complex projects across multiple sectors.
- Specialty Health Care: Focused on staffing healthcare professionals—including nurses, paraprofessionals, and physicians—this segment meets the specialized needs of healthcare institutions by ensuring access to highly qualified talent, particularly in health information management and other critical support roles.
- Integrated Business Solutions: RCM Tech combines its technical and business process expertise to deliver single-source, integrated solutions with multiple delivery options, making it a go-to partner for organizations looking to streamline operations and maximize performance.
Industry Position and Global Reach
RCM Tech has secured its competitive stance through a combination of extensive industry experience and strategic international partnerships. Its robust network of business alliances and collaborations with major technology companies underscores its ability to adapt and integrate leading-edge solutions across different geographies. The company’s operational footprint spans the United States, Canada, Puerto Rico, Serbia, and select European markets, positioning it as a versatile provider capable of addressing the needs of a global clientele.
Comprehensive Service Offerings
The company stands out by offering a wide range of services under one roof. It focuses on engineering design, project management, and technology consulting, and has evolved its service portfolio to incorporate complementary solutions that cater to market demands. This rich mix of services not only drives operational performance for clients but also provides a cohesive approach that minimizes complexity in project execution.
Commitment to Excellence and Industry Expertise
RCM Tech’s enduring success is marked by its commitment to quality and the practical application of diverse technology solutions. With multiple decades of project experience, the company has honed its craft through rigorous engagement in ever-evolving industries. Its strategic emphasis on integrated solutions demonstrates a deep understanding of the technical and operational challenges faced by contemporary businesses. By maintaining a culture that blends both technical acumen and business insight, RCM Tech has carved out a trusted niche within the competitive landscape.
Why RCM Tech Matters
For investors and industry analysts, understanding RCM Tech means recognizing a company that merges technology innovation with practical business applications. Its ability to provide tailored, integrated solutions across a range of sectors speaks to a highly adaptable business model, while its global presence and extensive hands-on experience ensure that customers receive value-driven, sustainable outcomes. Through strategic partnerships and continuous service enhancement, RCM Tech continues to address the evolving needs of its diverse customer base.
RCM Technologies (RCMT) has reported its Q4 and fiscal year 2024 results, showing mixed performance. Q4 revenue increased 8.3% to $76.9 million compared to $71.0 million in Q4 2023, while gross profit remained flat at $21.6 million. However, Q4 GAAP net income decreased to $2.9 million ($0.37 per diluted share) from $5.3 million ($0.65 per diluted share) year-over-year.
For fiscal year 2024, revenue grew 5.8% to $278.4 million, with gross profit up 4.0% to $79.8 million. Annual GAAP net income declined to $13.3 million ($1.68 per diluted share) from $16.8 million ($1.96 per diluted share) in 2023. Adjusted EBITDA for 2024 slightly decreased to $25.9 million compared to $26.6 million in the previous year.
RCM Technologies (RCMT) has announced a conference call scheduled for Thursday, March 13, 2025 at 11:30 a.m. Eastern time to discuss financial results for the thirteen and fifty-two weeks ended December 28, 2024. Participants can join via phone using the following dial-in numbers: (888) 272-8703 for domestic callers and (713) 936-6995 for international callers.
RCM Technologies positions itself as a business and technology solutions provider operating in key market segments. The company specializes in:
- Health Care
- Engineering
- Aerospace & Defense
- Process & Industrial
- Life Sciences
- Data & Solutions
RCM Technologies (RCMT) has launched a new program to resell the UKG Ready suite directly to small businesses, expanding its Human Capital Management (HCM) service offerings. As a value-added reseller with decades of industry expertise, RCM aims to provide small businesses with streamlined HR processes and enhanced operational efficiency.
With over 33 million U.S. small businesses employing more than 61.6 million workers, RCM's HCM Solutions offers immediate access to industry-leading technology for efficiently managing workforce needs while maintaining compliance. The company is already one of the largest implementation partners for UKG Ready, and this new reseller partnership extends its commitment to delivering top-tier HCM solutions.
The UKG Ready platform enables businesses to optimize payroll, time tracking, talent management, and employee engagement in one integrated system. RCM's dedicated support team provides expert guidance and seamless integration with existing workflows. The program is available immediately, with more information accessible at www.rcmt.com/hcm.
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)?
What primary solutions does RCM Tech offer?
Which industries are served by RCM Tech?
How is RCM Tech structured in terms of business segments?
What sets RCM Tech apart from its competitors?
In which geographical markets does RCM Tech operate?
How does RCM Tech generate revenue?
What should investors know about RCM Tech's market approach?
