secwatch.observer — SEC 8-K summary
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Issuer:     RCM TECHNOLOGIES, INC. (RCMT)
CIK:        0000700841
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001437749-23-013323
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700841/000143774923013323/0001437749-23-013323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700841/000143774923013323/rcmt20230505_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013323

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer