---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-022807"
form_type: "8-K"
ticker: "RCMT"
cik: "0000700841"
company_name: "RCM TECHNOLOGIES, INC."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:43:55.703694+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RCM Technologies Q2 revenue down 9.8% to $67M; EPS $0.47 vs $0.57 YoY

## Summary
- Revenue $67.0M, gross profit $18.8M; GAAP net income $4.0M ($0.47 diluted EPS).
- Adjusted EBITDA (non-GAAP) $6.0M in Q2 vs $8.4M in prior year.
- H1 revenue $134.2M (-14.2% YoY); net income $7.8M ($0.87 EPS) vs $12.5M ($1.18 EPS).
- Management cites slow start in Engineering but expects double-digit earnings increase in Q4.
- Company maintains clean balance sheet and expects strong cash flow in H2 2023.

## SEC filing metadata
- accession: 0001437749-23-022807
- form_type: 8-K
- ticker: RCMT
- cik: 0000700841
- company_name: RCM TECHNOLOGIES, INC.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/700841/000143774923022807/0001437749-23-022807-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/700841/000143774923022807/rcmt20230804_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022807
- JSON: https://secwatch.observer/filing/0001437749-23-022807.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022807.txt

## Key facts
- Earnings Releases
  RCM TECHNOLOGIES, INC. reported the thirteen weeks ended July 1, 2023 results: revenue $67.0 million, net income $4.0 million, EPS $0.47 per diluted share.
  - Period: the thirteen weeks ended July 1, 2023
  - Revenue: $67.0 million
  - Net income: $4.0 million
  - EPS: $0.47 per diluted share
  - Result: reported results
  source text: RCM Technologies reported revenue of $67.0 million for the thirteen weeks ended July 1, 2023 (the current period), a decrease of 9.8% compared to $74.3 million for the thirteen weeks ended July 2, 2022 (the comparable prior-year period). Gross profit was $18.8 million for the current period, a 13.5% decrease compared to $21.7 million for the comparable prior-year period. The Company experienced GAAP operating income of $5.7 million for the current period compared to $8.2 million for the comparable prior-year period. The Company experienced GAAP net income of $4.0 million, or $0.47 per diluted share, for the current period compared to $6.0 million, or $0.57 per diluted share, for the comparable prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/700841/000143774923022807/0001437749-23-022807-index.htm
- Earnings Releases
  RCM TECHNOLOGIES, INC. reported the twenty-six weeks ended July 1, 2023 results: revenue $134.2 million, net income $7.8 million, EPS $0.87 per diluted share.
  - Period: the twenty-six weeks ended July 1, 2023
  - Revenue: $134.2 million
  - Net income: $7.8 million
  - EPS: $0.87 per diluted share
  - Result: reported results
  source text: RCM Technologies reported revenue of $134.2 million for the twenty-six weeks ended July 1, 2023 (the current period), a decrease of 14.2% compared to $156.3 million for the twenty-six weeks ended July 2, 2022 (the comparable prior-year period). Gross profit was $37.8 million for the current period, a 16.2% decrease compared to $45.1 million for the comparable prior-year period. The Company experienced GAAP operating income of $11.5 million for the current period compared to $17.2 million for the comparable prior-year period. The Company experienced GAAP net income of $7.8 million, or $0.87 per diluted share, for the current period compared to $12.5 million, or $1.18 per diluted share, for the comparable prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/700841/000143774923022807/0001437749-23-022807-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.