Quarterly ResultMay 14, 2026, 04:20 PM
RCM Technologies Q1 Revenue $83.0M, Net Income $3.8M
AI Summary
RCM Technologies reported mixed financial results for the thirteen weeks ended April 4, 2026, with revenue slightly decreasing by 1.7% to $83.0 million and net income falling 8.2% to $3.8 million, resulting in diluted EPS of $0.52. While the Specialty Healthcare segment showed strong growth, the Engineering segment experienced a notable decline. The company also increased its revolving credit facility to $75.0 million and engaged in significant treasury stock purchases.
Key Highlights
- Revenue decreased 1.7% to $83.0 million for the thirteen weeks ended April 4, 2026.
- Net income was $3.8 million, an 8.2% decrease year-over-year.
- Diluted EPS was $0.52, down from $0.54 in the prior year period.
- Specialty Healthcare segment revenue increased 11.1% to $48.1 million.
- Engineering segment revenue declined 18.6% to $26.1 million.
- Net cash provided by operating activities was $2.7 million, a significant decrease from $16.7 million.
- Revolving credit facility limit increased to $75.0 million; $28.8 million was borrowed.
- The company purchased $6.7 million in treasury stock during the quarter.
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