RCM Technologies reports Q4 revenue $70.2M (+8.2% YoY); FY net income $20.9M ($2.00 diluted) up 90% YoY

RCM TECHNOLOGIES, INC.

Q4 2022: revenue $70.2M (+8.2% YoY); GAAP net income $4.8M ($0.48 diluted) vs $6.0M ($0.52) prior year.
FY 2022: revenue $284.7M (+39.6% YoY); gross profit $82.9M (+56.1%); GAAP net income $20.9M ($2.00 diluted).
FY adjusted EBITDA (non-GAAP) $29.5M vs $11.1M prior year; cash flow from operations >$28M.
Growth driven by talent investment in secular markets; management cites strong positioning for future returns.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RCM TECHNOLOGIES, INC. reported thirteen weeks ended December 31, 2022 results: revenue $70.2 million, net income $4.8 million, or $0.48 per diluted share, EPS $0.48 per diluted share.

Period: thirteen weeks ended December 31, 2022
Revenue: $70.2 million
Net income: $4.8 million, or $0.48 per diluted share
EPS: $0.48 per diluted share
Result: reported results

Exact text from the filing

RCM Technologies reported revenue of $70.2 million for the thirteen weeks ended December 31, 2022 (the current period), an increase of 8.2% compared to $64.9 million for the thirteen weeks ended January 1, 2022 (the comparable prior-year period).

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RCM TECHNOLOGIES, INC. reported fifty-two weeks ended December 31, 2022 results: revenue $284.7 million, net income $20.9 million, or $2.00 per diluted share, EPS $2.00 per diluted share.

Period: fifty-two weeks ended December 31, 2022
Revenue: $284.7 million
Net income: $20.9 million, or $2.00 per diluted share
EPS: $2.00 per diluted share
Result: reported results

Exact text from the filing

RCM Technologies reported revenue of $284.7 million for the fifty-two weeks ended December 31, 2022 (the current period), an increase of 39.6% compared to $203.9 million for the fifty-two weeks ended January 1, 2022 (the comparable prior-year period).

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Source: SEC EDGAR

accession 0001437749-23-006713

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