secwatch.observer — SEC 8-K summary
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Issuer:     RCM TECHNOLOGIES, INC. (RCMT)
CIK:        0000700841
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001437749-23-022807
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700841/000143774923022807/0001437749-23-022807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700841/000143774923022807/rcmt20230804_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-022807

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