MURRAY, Utah, Nov. 19, 2024 (GLOBE NEWSWIRE) -- R1 RCM Inc. (“R1”), a leader in automating revenue management for healthcare providers, today announced that investment funds affiliated with TowerBrook Capital Partners (“TowerBrook”) and Clayton, Dubilier & Rice (“CD&R”) have completed their previously announced acquisition of R1. On August 1, 2024, TowerBrook, CD&R and R1 announced that they had entered into a definitive merger agreement under which all outstanding shares of R1 common stock that TowerBrook ...

RCM Technologies, Inc. (RCMT) came out with quarterly earnings of $0.44 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.56 per share when it actually produced earnings of $0.56, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates two times.RCM Technologies, which belongs t ...

Financial Performance - RCM Technologies reported revenue of $60.4 million for the thirteen weeks ended September 28, 2024, a 4.0% increase from $58.0 million for the same period in 2023 [2] - Gross profit for the current quarter was $17.8 million, reflecting a 3.2% increase compared to $17.3 million in the prior year [2] - The company experienced GAAP net income of $2.7 million, or $0.35 per diluted share, down from $3.8 million, or $0.46 per diluted share, in the comparable prior quarter [2] - Adjusted EBITDA for the current quarter was $5.6 million, a 9.5% increase from $5.1 million in the prior year [2] Year-to-Date Performance - For the thirty-nine weeks ended September 28, 2024, RCM Technologies reported revenue of $201.5 million, a 4.8% increase from $192.2 million for the same period in 2023 [3] - Gross profit for this period was $58.2 million, a 5.7% increase compared to $55.1 million in the prior year [3] - GAAP net income for the thirty-nine weeks was $10.5 million, or $1.31 per diluted share, compared to $11.6 million, or $1.33 per diluted share, in the prior year [3] - Adjusted EBITDA for the thirty-nine weeks was $19.6 million, a 10.5% increase from $17.7 million in the prior year [3] Business Segments - Growth in the third quarter was primarily driven by the Healthcare and Engineering segments, which continue to expand in their respective markets [4] - Revenue breakdown for the thirteen weeks ended September 28, 2024, included $26.6 million from Specialty Health Care, $24.2 million from Engineering, and $9.6 million from Life Sciences and IT [15] Future Outlook - The company anticipates consistent growth and improved cash conversion in the upcoming quarters [4]

RCM Technologies, Inc. (RCMT) closed the most recent trading day at $19.98, moving +1.73% from the previous trading session. This change outpaced the S&P 500's 1.7% gain on the day. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 2.51%. The company's shares have seen an increase of 1.29% over the last month, not keeping up with the Business Services sector's gain of 6.45% and outstripping the S&P 500's gain of 1.27%. Analysts and investors alike will be keeping a close eye on the performa ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metric ...

RCM Technologies, Inc. (RCMT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this company have returned +7.3%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Staffing Firms industry, which RCM Technologies falls in, has lost 2.4%. The key question now is: What could be the stock's future direct ...

RCM Technologies, Inc. (RCMT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this company have returned -1.1% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Staffing Firms industry, to which RCM Technologies belongs, has lost 4% over this period. Now the key question is: Where could the stock be headed in the near term? ...

Core Insights - Value investing remains a preferred strategy for identifying strong stocks across various market conditions, focusing on key valuation metrics to find undervalued stocks with profit potential [2][6] - RCM Technologies (RCMT) is highlighted as a strong investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) and an A grade for Value [4][6] Company Metrics - RCMT has a current P/E ratio of 7.56, significantly lower than the industry average of 15.32, indicating potential undervaluation [4] - The stock's Forward P/E has fluctuated between 7.37 and 15.75 over the past year, with a median of 9.36 [4] - RCMT's P/CF ratio stands at 8.26, compared to the industry's average of 12.88, further suggesting it may be undervalued [5] - Over the past 12 months, RCMT's P/CF has ranged from 7.98 to 14.40, with a median of 9.26 [5] Investment Outlook - The combination of RCMT's attractive valuation metrics and strong earnings outlook positions it as one of the market's strongest value stocks [6]

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: R1 RCM Inc. (NASDAQ: RCM)'s sale to investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice for $14.30 per share. If you are a R1 shareholder, click here to learn more about your rights and options. Enstar Group Limited (NASD ...

Financial Data and Key Metrics Changes - Consolidated gross profit for Q2 2024 grew by 6.6% from $18.8 million to $20.0 million [15] - Adjusted EBITDA for Q2 2024 increased by 10.8% from $6.5 million to $7.2 million [15] - Adjusted diluted EPS for Q2 2024 rose by 12.0% from $0.50 to $0.56 [15] Business Line Data and Key Metrics Changes - Engineering gross profit grew by 23.7% in Q2 2024 [16] - Life Sciences Data & Solutions gross profit decreased by 17.9% [16] - Healthcare gross profit increased by 8.6% in Q2 2024 [16] - School revenue for Q2 2024 was $30.8 million, growing by 23.0% after removing COVID revenue from the previous year [16] Market Data and Key Metrics Changes - Year-to-date 2024 school revenue exceeds 83% of total revenue, with a 24.9% growth over the previous year after removing COVID-related revenue [17] - The company anticipates signing over 30 new school districts for the 2024-2025 school year, a significant increase compared to previous years [28] Company Strategy and Development Direction - The company is positioning itself as a world-class professional services firm, not limited to healthcare or engineering, but as a competitive entity on a global scale [3] - Continued strong contributions from the engineering division are expected, alongside growth in healthcare and life sciences [4] - The company is investing in technology and infrastructure to support anticipated growth, particularly in healthcare [33][35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for low double-digit consolidated adjusted EBITDA growth in the second half of 2024 compared to fiscal 2023 [19] - The company is cautious about predicting revenue strength due to seasonal factors affecting school operations [20] - Management highlighted the importance of maintaining a strong balance sheet while being flexible in capital allocation for potential M&A opportunities [22][23] Other Important Information - The company has expanded operations in the Philippines, enhancing recruitment and operational support [5] - The engineering division is actively pursuing opportunities in international energy markets, particularly in Latin America and Europe [8] Q&A Session Summary Question: Strength in the schools business and overall growth outlook - Management acknowledged the strong performance but noted that predictions for EBITDA growth are conservative due to seasonal revenue patterns [20] Question: Fastest growing segment in the next 12 months - Management indicated that all three business segments are strong, making it difficult to isolate one as the fastest growing [21] Question: Capital allocation priorities - Management emphasized a flexible approach to capital allocation, focusing on share buybacks and potential M&A opportunities [22][23] Question: Increase in new hires - The 54% increase in new hires was primarily in the aerospace sector, which had previously been sluggish [25] Question: Timing of project impacts in Life Sciences - Management confirmed that a dip in Life Sciences was due to project timing, with expectations for a healthy uptick in the latter half of the year [26] Question: Status of signed school districts - Management confirmed over 20 signed school districts for the upcoming year, with hopes to penetrate more effectively [28] Question: Operating cash flow expectations - Management expects the second half of the year to show improved cash flow compared to the first half [30] Question: Increase in SG&A expenses - Management attributed the increase in SG&A to inflation, technology investments, and infrastructure support for growth [32][33]