RCMT (19.10) reports EPS of $0.46 for Q3, up from $0.33 y/y. Pretax income was actually down 13% y/y, but a sharply lower tax rate (10% versus 27%) and 22% fewer shares o/s resulted in the 39% y/y EPS increase ..... CEO and CFO sound positive on Q4 -
Bradley Vizi, Executive Chairman of RCM Technologies, commented, “The cadence of our business continues to accelerate as we move through the year. As such, we expect the fourth quarter to be our strongest, and continue to be confident that the long-term outlook for RCM is bright.”
Kevin Miller, Chief Financial Officer of RCM Technologies, commented, “With our continued focus on return on equity, the productivity of our revenue improved in the third quarter of 2023, resulting in 180 basis points of gross margin improvement over the second quarter of 2023.”
