From GlobeNewswire: 2025-03-12 16:05:00

RCM Technologies, Inc. reported revenue of $76.9 million for the thirteen weeks ended December 28, 2024, a 8.3% increase from the comparable prior quarter. GAAP net income was $2.9 million for the current quarter. For the fifty-two weeks ended December 28, 2024, revenue was $278.4 million, a 5.8% increase from the prior year.

Executive Chairman Bradley Vizi stated that 2024 showed substantial progress with strategic initiatives. Chief Financial Officer Kevin Miller expressed confidence in the foundation laid for increased earnings power in 2025. RCM Technologies will host a conference call on March 13, 2025, to discuss these results.

RCM Technologies is a provider of business and technology solutions with expertise in key market segments. They operate in Health Care, Engineering, Aerospace & Defense, and more. The company’s non-GAAP measures include Adjusted operating income, EBITDA, and Adjusted net income, providing insights into financial performance and comparisons.

The company’s balance sheet for December 28, 2024, showed total assets of $132.1 million, with $97 million in current assets. Liabilities totaled $98.6 million, with stockholders’ equity at $33.5 million. Cash flow statements for the thirteen and fifty-two weeks ended December 28, 2024, reflected net income, adjustments, and changes in operating activities. The company repurchased common stock during the period.



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