RCM Technologies Q3 revenue up 28% to $58.2M; diluted EPS $0.33

RCM TECHNOLOGIES, INC.

2022-Q3 EPS reported $1.52 revenue$214,459,000

Q3 revenue $58.2M (+27.9% YoY); gross profit $17.4M (+42.1% YoY).
GAAP net income $3.5M ($0.33 per diluted share) vs $2.8M ($0.24) a year ago.
Adjusted EBITDA $4.8M, up 162% from $1.8M in Q3 2021.
YTD revenue $214.5M (+54.3%); YTD net income $16.1M ($1.52 diluted EPS).
Executive Chairman cites strong performance in seasonally challenged quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RCM TECHNOLOGIES, INC. reported thirteen and thirty-nine weeks ended October 1, 2022 results: revenue $58.2 million, net income $3.5 million, or $0.33 per diluted share.

Period: thirteen and thirty-nine weeks ended October 1, 2022
Revenue: $58.2 million
Net income: $3.5 million, or $0.33 per diluted share
Result: reported results

Exact text from the filing

RCM Technologies reported revenue of $58.2 million for the thirteen weeks ended October 1, 2022 (the current period), an increase of 27.9% compared to $45.5 million for the thirteen weeks ended October 2, 2021 (the comparable prior-year period).

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Source: SEC EDGAR

accession 0001437749-22-026612

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