RCM Technologies Q2 revenue up 52% YoY; diluted EPS $0.57 vs $0.11

RCM TECHNOLOGIES, INC.

2022-Q2 EPS reported $1.18 revenue$156,307,000

Revenue $74.3M (+51.9% YoY); gross profit $21.7M (+76.8% YoY).
GAAP net income $6.0M ($0.57 diluted EPS) vs $1.3M ($0.11) prior year.
Adjusted EBITDA $8.4M (+281% YoY); operating cash flow $18.3M in Q2.
H1 2022 revenue $156.3M (+67.2% YoY); net income $12.5M ($1.18 diluted EPS).
Management expects strong results for rest of 2022; focus on robust FY 2023 growth.

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