RCM Technologies Reports Steady Revenue Growth

RCM (RCMT) ( (RCMT) ) has released its Q3 earnings. Here is a breakdown of the information RCM (RCMT) presented to its investors.

RCM Technologies, Inc., a company in the engineering services and healthcare staffing sectors, provides consulting services across various industries. In its recent earnings report, RCM Technologies highlighted a stable performance for the quarter ending September 28, 2024. The company’s revenue increased to $60.4 million from $58.0 million in the same quarter last year, showing growth in both its Engineering and Specialty Health Care segments. However, net income decreased slightly to $2.7 million from $3.8 million, which was attributed to increased interest expenses. Despite these challenges, RCM’s gross profit rose to $17.8 million, bolstered by increased revenues and efficient cost management. Operating income remained steady, and the company maintained compliance with its financial covenants. Looking forward, RCM Technologies aims to leverage its diverse service offerings to navigate market conditions and sustain its financial health.