RCM Technologies Q1 revenue falls 18% to $67.1M; diluted EPS $0.41 vs $0.62

RCM TECHNOLOGIES, INC.

2023-Q1 EPS reported $0.41 revenue$67,124,000

Revenue of $67.1M, down 18.1% YoY; gross profit $19.0M, down 18.8%.
GAAP net income $3.8M ($0.41 diluted EPS) compared to $6.5M ($0.62) in prior year.
Adjusted EBITDA (non-GAAP) $5.6M, down from $9.3M YoY.
Engineering segment project timing and ramp-up contributed to slower start; cadence increasing.
Conference call scheduled for May 10, 2023 at 12:00 p.m. ET.

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 0.97

RCM TECHNOLOGIES, INC. reported the thirteen weeks ended April 1, 2023 results: revenue $67.1 million, net income $3.8 million, or $0.41 per diluted share, EPS $0.41 per diluted share.

Period: the thirteen weeks ended April 1, 2023
Revenue: $67.1 million
Net income: $3.8 million, or $0.41 per diluted share
EPS: $0.41 per diluted share
Result: reported results

Exact text from the filing

RCM Technologies reported revenue of $67.1 million for the thirteen weeks ended April 1, 2023 (the current period), a decrease of 18.1% compared to $82.0 million for the thirteen weeks ended April 2, 2022 (the comparable prior-year period).

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Source: SEC EDGAR

accession 0001437749-23-013323

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