Mar. 13 at 12:00 PM
$RCMT
Earnings
RCM Technologies has reported its Q4 and fiscal year 2024 results, showing mixed performance.
Q4 revenue increased 8.3% to
$76.9 million compared to
$71.0 million in Q4 2023, while gross profit remained flat at
$21.6 million.
However, Q4 GAAP net income decreased to
$2.9 million (
$0.37 per diluted share) from
$5.3 million (
$0.65 per diluted share) year-over-year.
For fiscal year 2024, revenue grew 5.8% to
$278.4 million, with gross profit up 4.0% to
$79.8 million.
Annual GAAP net income declined to
$13.3 million (
$1.68 per diluted share) from
$16.8 million (
$1.96 per diluted share) in 2023.
Adjusted EBITDA for 2024 slightly decreased to
$25.9 million compared to
$26.6 million in the previous year.
