RCM Tech Q1 rev $71.9M (+7.2% YoY), GAAP EPS $0.48, adj EPS $0.53

RCM TECHNOLOGIES, INC.

2024-Q1 EPS reported $0.48 revenue$71,939,000

GAAP net income $4.0M ($0.48 diluted EPS) vs $3.8M ($0.41) prior year.
Adjusted EBITDA $6.8M vs $6.1M; adjusted EPS $0.53 vs $0.41 (up 30% YoY).
Revenue $71.9M, up 7.2% YoY; gross profit $20.4M, up 7.1% YoY.
Cash conversion improved sequentially and YoY; management expects further improvement in Q2 and Q3.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RCM TECHNOLOGIES, INC. reported thirteen weeks ended March 30, 2024 results: revenue $71.9 million, net income $4.0 million, EPS $0.48 per diluted share.

Period: thirteen weeks ended March 30, 2024
Revenue: $71.9 million
Net income: $4.0 million
EPS: $0.48 per diluted share
Result: reported results

Exact text from the filing

RCM Technologies reported revenue of $71.9 million for the thirteen weeks ended March 30, 2024 (the current quarter), an increase of 7.2% compared to $67.1 million for the thirteen weeks ended April 1, 2023 (the comparable prior quarter).

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Source: SEC EDGAR

accession 0001437749-24-015372

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