RCM Technologies misses Q4 earnings estimates, shares fall

Published 12/03/2025, 21:28
RCM Technologies misses Q4 earnings estimates, shares fall

PENNSAUKEN, N.J. - RCM Technologies , Inc. (NASDAQ:RCMT) reported fourth quarter earnings that fell short of analyst expectations, sending shares down 3% in after-hours trading. The company posted adjusted earnings per share of $0.49, missing the consensus estimate of $0.81 by $0.32.

Revenue for the quarter came in at $76.91 million, slightly above the analyst estimate of $76.27 million and up 8.3% YoY from $71.0 million in the same quarter last year. Despite the revenue beat, the significant earnings miss appears to be driving the negative market reaction.

"2024 demonstrated substantial progress as many of our strategic initiatives gained traction heading into the new year," said Bradley Vizi, Executive Chairman of RCM Technologies.

The company reported GAAP net income of $2.9 million, or $0.37 per diluted share, down from $5.3 million, or $0.65 per diluted share, in the year-ago quarter. Adjusted EBITDA fell to $6.3 million from $8.9 million in the comparable prior quarter.

For the full year 2024, RCM Technologies reported revenue of $278.4 million, an increase of 5.8% compared to $263.2 million in 2023. GAAP net income for the year was $13.3 million, or $1.68 per diluted share, down from $16.8 million, or $1.96 per diluted share, in the previous year.

Chief Financial Officer Kevin Miller expressed optimism about the company’s outlook, stating, "As we look to 2025, we believe we have forged the foundation for increased earnings power."

The 3% drop in share price following the earnings release suggests investors are focusing on the earnings miss rather than the slight revenue beat and management’s positive forward-looking statements.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.