RCM Technologies, Inc. Announces Second Quarter Results

Financial Performance - RCM Technologies reported revenue of $78.2 million for the thirteen weeks ended June 28, 2025, representing a 13.0% increase from $69.2 million for the same period in 2024 [2] - For the twenty-six weeks ended June 28, 2025, revenue was $162.6 million, an increase of 15.3% compared to $141.1 million for the same period in 2024 [3] - Gross profit for the current quarter was $22.3 million, an 11.4% increase from $20.0 million in the prior year [2] - The company achieved GAAP net income of $3.8 million, or $0.50 per diluted share, for the current quarter, compared to $3.8 million, or $0.47 per diluted share, for the same quarter last year [2] - Adjusted EBITDA for the current quarter was $8.1 million, up from $7.2 million in the comparable prior quarter [2] Segment Performance - Revenue from the Specialty Health Care segment was $42.8 million for the thirteen weeks ended June 28, 2025, compared to $36.9 million in the prior year [16] - Engineering segment revenue was $26.5 million for the current quarter, up from $22.5 million in the same quarter last year [16] - Data and Solutions segment revenue was $8.8 million for the current quarter, down from $9.7 million in the prior year [16] Operational Insights - The company experienced a gross profit margin of 28.5% for the current quarter, slightly down from 28.9% in the prior year [16] - Operating income for the thirteen weeks ended June 28, 2025, was $6.6 million, compared to $5.8 million for the same period in 2024 [13] - The company’s total assets increased to $135.6 million as of June 28, 2025, from $132.1 million at the end of the previous year [19] Management Commentary - Bradley Vizi, Executive Chairman, noted consistent growth across all segments, indicating resilience in the business model [4] - Kevin Miller, Chief Financial Officer, highlighted the momentum in the Engineering segment as a key driver for future growth [4]