RCM Technologies Q3 revenue rises on segment gains
RCMT•RCM Technologies' third-quarter revenue rose 4.4% year over year to $73.4 million, while adjusted EPS increased 26% to $0.53. Revenue missed the $82.14 million consensus estimate; GAAP net income was $2.72 million, or $0.37 per share.
1. Revenue and earnings
RCM Technologies reported third-quarter revenue of $73.4 million, up 4.4% year over year, and adjusted EPS of $0.53, up 26%. GAAP net income increased to $2.72 million, or $0.37 per share. Revenue was below the $82.14 million consensus estimate from two analysts.
2. Segment performance
Revenue gains in Specialty Healthcare and Engineering drove growth, while Life Sciences, Data and Solutions was flat. Gross profit margin declined in Specialty Healthcare and Life Sciences, offset by improvement in Engineering. The company provided no specific guidance for future periods.
