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Rcm Technologies (RCMT)
NASDAQ:RCMT
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.59Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -15.13%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed outlook. While there is strong momentum and growth in several business units and strategic initiatives, profitability issues in Q4 and increased expenses have impacted the overall financial performance. Optimism remains for 2025 with expectations of double-digit growth in adjusted EBITDA.Company Guidance
During the call, RCM Technologies provided guidance on its financial and operational performance for the fourth quarter and fiscal year 2024. The company reported a consolidated gross profit of $21.6 million for Q4 2024, flat compared to the same period in 2023, and $79.8 million for the full year, up from $76.7 million in 2023. Adjusted EBITDA for Q4 2024 was $6.3 million, down from $8.9 million in Q4 2023, while fiscal 2024 adjusted EBITDA was $25.9 million, slightly lower than $26.6 million in 2023. RCM's adjusted EPS was $2.03 for fiscal 2024, compared to $2.04 in the previous year. The company faced challenges, including a $900,000 reduction in gross profit due to a canceled industrial process equipment order and rework on a project, and increased SG&A expenses by $1.25 million due to high medical costs. Despite these setbacks, RCM aims for at least double-digit adjusted EBITDA growth in 2025, with expectations of a tax rate between 26% and 29%, significantly lower than the 34% in 2024. The company also highlighted strategic growth in various divisions, such as Energy Services and Aerospace & Defense, and a strong start to 2025 with school and corrections clients.Strong Top Line Momentum and Strategic Growth
The fourth quarter demonstrated strong top line momentum as strategic initiatives gained traction. Despite Q4 profitability disappointment, the internal business structure is in good shape, showing growth in hours and increasing activity.
Health Care and School District Growth
RCM Health Care closed 2024 with resumption of growth in hours and deepening partnerships with school districts. The demand for behavioral health services in schools has surged, contributing significantly to growth.
Expansion in Corrections and Aerospace & Defense Sectors
The corrections sector saw impressive growth in 2024, with further expansion anticipated. Aerospace & Defense increased headcount by 20% in Q4 2024 over Q3, with significant increases in revenue and profit.
Managed Services and Engineering Growth
Managed service contract portfolio showed positive growth, exceeding GP and NOI targets. Energy Services exhibited robust annual growth, with significant projects and partnerships underway.
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RCMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RCMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $17.84 | $15.44 | -13.45% |
| Nov 07, 2024 | $23.04 | $24.01 | +4.21% |
| Aug 07, 2024 | $18.21 | $19.32 | +6.10% |
| May 08, 2024 | $19.29 | $20.83 | +7.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rcm Technologies (RCMT) report earnings?
Rcm Technologies (RCMT) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Rcm Technologies (RCMT) earnings time?
Rcm Technologies (RCMT) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RCMT EPS forecast?
RCMT EPS forecast for the fiscal quarter 2025 (Q1) is 0.59.
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