RCM Corporation adopted the name RCM Technologies to reflect the change in July 1981 and completed the acquisition of Intertec Design, Inc., of Camden, New Jersey, a month later. (Unaudited) About RCM The Company experienced a GAAP operating loss of $0.2 million for the current period, as compared to GAAP operating income of $0.7 million for the comparable prior year period. RCM Corporation adopted the name RCM Technologies to reflect the change in July 1981 and completed the acquisition of Intertec Design, Inc., of Camden, New Jersey, a month later. Supplemental Operating Results on a Non-GAAP Basis Offices Located in: UNITED STATES   |   CANADA   |   PUERTO RICO   |   SERBIA, © COPYRIGHT RCMT 2020. Board of Directors; Bradley S. Vizi, Executive Chairman. The Company experienced a GAAP net loss of $0.2 million, or $0.02 per diluted share, for the current period as compared to GAAP net income of $0.3 million, or $0.03 per diluted share, for the comparable prior year period. In addition, statements that are not historical should also be considered forward-looking statements. Press Release R1 RCM August 3, 2020 R1 Completes Acquisition of RevWorks℠ CHICAGO - August 03, 2020 - R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-enabled revenue cycle management services to healthcare providers, today announced it has completed the acquisition of the Cerner RevWorks services business and commercial, non-federal client relationships. RCM Technologies (NASDAQ:RCMT) will issue its 9/30/2020 quarterly earnings data before the market opens on Tuesday, November 10th. PENNSAUKEN, N.J., Aug. 10, 2020 (GLOBE NEWSWIRE) — RCM Technologies, Inc. (NasdaqGM: RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering, specialty health care and information technology services, today announced financial … RCM is an innovative leader in the delivery of these solutions to commercial and government sectors. Pricing. RCM Technologies reported revenue of $109.2 million for the thirty-nine week period ended September 26, 2020 (the current period), a 23.4% decrease as compared to $142.6 million for the thirty-nine week period ended September 28, 2019 (the comparable prior year period). Forward-looking statements include, but are not limited to, those relating to the impact of the COVID-19 pandemic, demand for the Company’s services, expectations regarding our future revenues and other financial results, our pipeline and potential project wins and our expectations for growth in our business. Changes in operating assets and liabilities: Prepaid expenses and other current assets, Net of transit accounts receivable and payable, Cash provided by (used in) operating activities, Net cash (used in) provided by financing activities. Additional details on the transaction are as follows: ... “I am proud of the employees of RCM Technologies working tirelessly to maintain and build upon the significant progress we have made in the journey we undertook eighteen months ago. Our management believes that this non-GAAP financial measure is useful information for investors, shareholders and other stakeholders of our Company in gauging our results of operations on an ongoing basis. Gross profit was $8.8 million for the current period, a 16.9% decrease as compared to $10.6 million for the comparable prior year period. We are looking forward to delivering sequentially better results in the fourth quarter of 2020, and, despite obvious headwinds, we will continue to focus on further improvement as we head into 2021.”, Kevin Miller, Chief Financial Officer of RCM Technologies, commented, “We generated another $6.0 million in cash flow from operations in the third quarter of 2020 and $22.8 million in the second and third quarters combined. Optimizing our SGA costs and focusing on gross margin allowed us to achieve positive EBITDA in the third quarter. RCM Technologies, Inc. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Bradley Vizi, Executive Chairman of RCM Technologies, commented, “We continue to make progress on our COVID plan that we outlined in May. Announces Acquisition of Thermal Kinetics, Stocks: RCMT, release date:Nov 15, 2018 Bradley Vizi, Executive Chairman of RCM Technologies, commented, “We are pleased with our fourth quarter and fiscal 2018 performance. Terms of the deal — comprised of stock and debt, and slated to close on or before … At PWC, Mr. Genovese was admitted as a partner in 1990. RCM Announces Contract Award by Chicago DoE (6.26.15) RCM Announces First Quarter Results (5.13.15) RCM Announces First Quarter Results (5.13.15) RCM Announces Conference Call (5-7-15).pdf RCM Announces 4th Quarter and Full Year 2014 Results (3.4.15).pdf Resources. Products. Hill International to Manage the LinkUS and BNSF Projects for the Southern California Regional... Jay Martin joins TLC Engineering Solutions, Science and engineering firm SynTerra hires consultant Scott Smith, Civil Engineers Give West Virginia’s Infrastructure a “D” in First-Ever Infrastructure Report Card, DigiMarCon UK 2021 - Digital Marketing, Media and Advertising Conference & Exhibition, 2nd Edition of International Conference on Traditional Medicine, Ethnomedicine and Natural Therapies. CHICAGO, April 01, 2020 (GLOBE NEWSWIRE) - R1 RCM Inc. (NASDAQ:RCM), a leader in technology-enabled revenue cycle management (RCM) services to healthcare providers, today announced it has completed the acquisition of SCI Solutions, Inc. (SCI). View the latest news on RCMT company insiders for their impact on company performance. RCM is also a provider of specialty healthcare services to major health care institutions and educational facilities. PENNSAUKEN, N.J., Nov. 09, 2020 (GLOBE NEWSWIRE) — RCM Technologies, Inc. (NasdaqGM: RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering, specialty health care and information technology services, today announced financial results for the thirteen and thirty-nine week periods ended September 26, 2020. Real Capital Markets (RCM), a global marketplace for … Oswald Cos., the Cleveland-based and employee-owned insurance and employee benefits firm, has signed an agreement to merge with Baltimore-based insurance advisory RCM&D, creating a business ranking among the 30 largest brokerage firms in the U.S. with approximate annual revenue of $140.7 million.. (Unaudited) RCM Technologies is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced information technology and engineering services. (Unaudited) ... Acquisition at … Mr. Genovese is currently engaged in private equity consultation roles related to turnaround and asset acquisition and disposition activities. See insights on RCM Technologies including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Acquisition search results. The acquisition, RCM said, will expand its engineering services and provide its customers with stronger resources and capabilities. RCM Technologies Inc., a Pennsauken-based provider of business and technology solutions, announced it has acquired Thermal Kinetics, a Buffalo, New York-based engineering company. PENNSAUKEN, N.J., Nov. 09, 2020 (GLOBE NEWSWIRE) -- RCM Technologies, Inc. (NasdaqGM: RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering, specialty health care and information technology services, today announced financial … Additional information can be found at www.rcmt.com. (In Thousands). The accompanying consolidated interim financial statements of RCM Technologies, Inc. and subsidiaries (“RCM” or the “Company”) are unaudited. We pride ourselves on our successes in understanding the nuances of these advances and delivering value added solutions based on what our clients’ needs demand. PENNSAUKEN, N.J., Aug. 10, 2020 (GLOBE NEWSWIRE) — RCM Technologies, Inc. (NasdaqGM: RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering, specialty health care and information technology services, today announced financial … RCM Technologies, Inc. (“RCM” or “the Company”) (RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering, specialty health care and information technology The combination of R1 and SCI is expected to deliver … Condensed Consolidated Statements of Income PENNSAUKEN, N.J., Nov. 09, 2020 (GLOBE NEWSWIRE) — RCM Technologies, Inc. (NasdaqGM: RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering, specialty health care and information technology services, today announced … Through Intertec, RCM provided engineering, design, drafting, and other types of technical personnel to the aerospace, electronics, energy, chemical, and marine industries. Rcm Technologies Inc 10-Q for RCM TECHNOLOGIES INC - Sample agreements, legal documents, and contracts from RealDealDocs. Civil+Structural Engineer Media Now Accepting Entries for 2021 Engineering Drone Video... Unwomanned Systems in Wetland Delineations, Finding the Right Design and Construction Delivery for Structured Parking, Simpson Strong-Tie Donates $25,000 to American Red Cross for Atlantic Hurricane Relief, SHARC Energy Chosen to Provide Wastewater Energy Recovery for Seattle’s Greenest Residential Building Complex. All shares were acquired for a purchase price per share of $1.20. Save Search . The accompanying consolidated interim financial statements of RCM Technologies, Inc. and subsidiaries (“RCM” or the “Company”) are unaudited. 20 November 2018 - US-based information technology and engineering services RCM Technologies, Inc. (NASDAQ: RCMT) has acquired US-based engineering firm Thermal Kinetics, the company said. Try Pro free Solutions. RCM Technologies reported revenue of $31.6 million for the thirteen week period ended September 26, 2020 (the current period), a 21.6% decrease as compared to $40.3 million for the thirteen week period ended September 28, 2019 (the comparable prior year period). These non-GAAP measures should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Jun 9, 2010, 11:52am EDT Updated Jun 9, 2010, 11:52am EDT. The transaction required collaboration with local Serbian and Dutch Counsel and various foreign service … RCM Technologies, Inc. RCM has experienced numerous waves of technological and business process advances. nThrive Technology is a leading healthcare RCM SaaS solution provider, offering patient access, charge integrity, claims management, contract management, machine learning & … Log In. Advanced. RCM Health Care Services’ mission is to provide opportunities for qualified candidates across medical professions. These statements are based on assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate in these circumstances. RCM Technologies Inc. individual insider activity by MarketWatch. Additional details on the transaction are as follows: ... “I am proud of the employees of RCM Technologies working tirelessly to maintain and build upon the significant progress we have made in the journey we undertook eighteen months ago. The Company experienced a GAAP net loss of $7.2 million, or $0.58 per diluted share, for the current period as compared to GAAP net income of $3.0 million, or $0.24 per diluted share, for the comparable prior year period. Summary Consolidated Selected Balance Sheet Data List of RCM Technologies 's 18 Acquisitions, including Allied Health Professionals and Substation Design Services. CHICAGO - April 01, 2020 - R1 RCM Inc. (NASDAQ:RCM), a leader in technology-enabled revenue cycle management (RCM) services to healthcare providers, today announced it has completed the acquisition of SCI Solutions, Inc. (SCI). McCarthy Completes Construction of the Nancy and Rich Kinder Building for Museum of Fine... RCE Consultants Joins RTM Engineering Consultants, Ben Pierce to Lead HDR’s New Mobility & Operational Technology Services, guide by Geometricbox for contacting WordPress support, Depreciation and amortization of property and equipment, Amortization of acquired intangible assets, Diluted net (loss) earnings per share data, Write-off of receivables and professional fees incurred related to arbitration, Imputed interest on contingent consideration, Loss (gain) on foreign currency transactions, Adjustments to reconcile net income to cash used in operating activities. The Company assumes no obligation (and expressly disclaims any such obligation) to update any forward-looking statements contained in this release as a result of new information or future events or developments, except as may be required by law. These statements often include words such as “may,” “will,” “expect,” “anticipate,” “continue,” “estimate,” “project,” “intend,” “believe,” “plan,” “seek,” “could,” “can,” “should,” “are confident” or similar expressions. Gross profit was $28.2 million for the current period, a 21.6% decrease as compared to $35.9 million for the comparable prior year period. Director since 2013. Search Crunchbase. CDI Corp. Proposes Acquisition of RCM Technologies for $5.20 per Share of Common Stock Represents Premium of 49% to June 2, 2010 Closing Share Price We do not intend the presentation of these non-GAAP measures to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Such statements are based on current expectations that involve a number of known and unknown risks, uncertainties and other factors, which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. RCM Technologies, Inc. RCM has experienced numerous waves of technological and business process advances. RCM Technologies reported revenue of $109.2 million for the thirty-nine week period ended September 26, 2020 (the current period), a 23.4% decrease as compared to $142.6 million for the thirty-nine week period ended September 28, 2019 (the comparable prior year period). RCM is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms RCM is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms All shares were acquired for a purchase price per share of $1.20. May 13, 2019 – Advancing its mission to empower decision makers through every step of the real estate workflow, LightBox today announced the acquisition of two leading companies. The accompanying consolidated interim financial statements of RCM Technologies, Inc. and subsidiaries (“RCM” or the “Company”) are unaudited. Thermal Kinetics is a Buffalo, New York-based engineering company providing full service process equipment supply, engineering, development and design services for construction and … LOS ANGELES, January 30, 2019 – Marlin Equity Partners (“Marlin”) is pleased to announce that its portfolio company, eMDs, Inc. (“eMDs”) has acquired Aprima Medical Software, Inc. (“Aprima”), a leading provider of electronic health record (EHR), practice management (PM) software and revenue cycle management (RCM) solutions to ambulatory care organizations. (Unaudited) ALL RIGHTS RESERVED.​, UNITED STATES   |   CANADA   |   PUERTO RICO   |   SERBIA. RCM is an innovative leader in the delivery of these solutions to commercial and government R1 RCM, a technology-enabled revenue cycle management services provider to healthcare organizations, entered into a definitive agreement to acquire SCI Solutions (SCI), a digital patient engagement platform, for approximately $190 million in cash.. MTS Health Partners acted as a financial advisor, Centerview Partners acted as a strategic advisor, and Honigman acted as legal advisor to R1. Pennsauken, NJ – August 5, 2014– RCM Technologies, Inc. (NASD: RCMT) announced today the acquisition of Point Comm Inc., a Toronto, Ontario, Canada based engineering company specializing in the design, installation, supervision and commissioning of high voltage electrical equipment in substations and power plants. Resources. Looking for online definition of RCM or what RCM stands for? RCM Technologies, Inc. is an ADP Alliance and Channel Partner and a Kronos Training Partner providing reliable and high-quality consulting services. The Company experienced a GAAP operating loss of $9.1 million for the current period, as compared to GAAP operating income of $4.6 million for the comparable prior year period. (In Thousands), RCM Technologies, Inc. RCM Technologies (NASDAQ:RCMT) acquires Thermal Kinetics, an engineering company that provides full-service process equipment services for construction and industrial customers. The following unaudited table presents the Company’s GAAP net income measure and the corresponding adjustments used to calculate “EBITDA” and “Adjusted EBITDA” for the thirteen and thirty-nine week periods ended September 26, 2020 and September 28, 2019. The dial-in number is (866) 578-1005. The Role of Software in Streamlining Wetland Delineation Processes. The Statements contained in this release that are not purely historical are forward-looking statements within the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and other factors that could cause the Company’s actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. (In Thousands, Except Per Share Amounts), RCM Technologies, Inc. RCM has added a foundational technology layer to its already strong and diverse engineering group, whose role significantly expands RCM’s … The following non-GAAP data, which adjusts for the categories of expenses described below, is a non-GAAP financial measure. Our client service, our strong process-driven operations model, and a culture that is based on performance and teamwork is what makes RCMT the right choice for your project. RCM Technologies has 2,370 employees across 25 locations and $176.45 M in annual revenue in FY 2016. 20 November 2018 - US-based information technology and engineering services RCM Technologies, Inc. (NASDAQ: RCMT) has acquired US-based engineering firm Thermal Kinetics, the company said. Investors are directed to consider such risks, uncertainties and other factors described in documents filed by the Company with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. About RCM. RCM Technologies reported revenues of $145.1 million for the thirty-nine week period ended September 29, 2018, a 6.9% increase as compared to $135.7 million for … These relationships have resulted in effective, efficient and successful implementations of Human Capital Management (HCM) solutions. Conference Call The combination of R1 and SCI is expected to deliver enhanced value for healthcare providers by enabling them to expand digital front door … RCM Technologies reported revenues of $200.4 million for the fifty-two week period ended December 29, 2018 (fiscal year 2018), a 7.3% increase … RCM Technologies responds to CDI bid with anti-takeover measures . UCSD and Kleinfelder Receive ACEC California Engineering Excellence Honor Award for UC San... David Kouth Joins Freese and Nichols’ Lubbock Office and Expands Electrical Services. RCM Technologies (NASDAQ:RCMT) last issued its quarterly earnings […] In addition, neither EBITDA nor Adjusted EBITDA takes into account changes in certain assets and liabilities as well as interest and income taxes that can affect cash flows. Summary of Selected Income Statement Data Oswald Cos., the Cleveland-based and employee-owned insurance and employee benefits firm, has signed an agreement to merge with Baltimore-based insurance advisory RCM&D, creating a business ranking among the 30 largest brokerage firms in the U.S. with approximate annual revenue of $140.7 million.. PENNSAUKEN, N.J., Nov. 09, 2020 (GLOBE NEWSWIRE) -- RCM Technologies, Inc. (NasdaqGM: RCMT), a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced engineering, specialty health care and information technology services, today announced financial … RCM Corporation adopted the name RCM Technologies to reflect the change in July 1981 and completed the acquisition of Intertec Design, Inc., of Camden, New Jersey, a month later. RCR Mining Technologies is a market leader in the design and manufacture of innovative, award-winning solutions as well as development of materials handling solutions for rail and ore wagons through strategic partnerships. We pride ourselves on our successes in understanding the nuances of these advances and delivering value added solutions based on what our clients’ needs demand. (In Thousands), Follow this informative guide by Geometricbox for contacting WordPress support, Tennessee’s Copperhill Watershed Restoration Named Year’s Most Outstanding Engineering Triumph, LAND & WATER CELEBRATES WINNING FIVE-YEAR CONTRACT WITH SURREY COUNTY COUNCIL. Revenue Cycle Press Release Automation R1 RCM April 1, 2020 R1 Completes Acquisition of SCI Solutions. Risk, uncertainties and other factors may emerge from time to time that could cause the Company’s actual results to differ from those indicated by the forward-looking statements. RCM Technologies acquires Allied Health Professionals on 2016-12-31 for an undisclosed amount RCM Technologies, Inc. -23.2% 102.0% 2.7% • Core revenue since 2007 has declined by approximately $66mm, or 29%, despite tuck-in acquisitions contributing to top-line RCM Announces Acquisition of Substation Design Services (8.3.15).pdf. The combination of … RCR Mining Technologies has built a proud history and enviable reputation for delivering high quality mining technologies to both national and international markets. RCM Technologies, Inc. is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced information technology and engineering services. The call will begin at 11:00 a.m. Eastern Time. On Tuesday, November 10, 2020, RCM Technologies will host a conference call to discuss these results. ACQUISITIONS ADD SIGNIFICANT NEW TECHNOLOGY CAPABILITIES, DATA AND INTELLIGENCE FOR REAL ESTATE PROFESSIONALS. We deliver timely results and have built a reputation of trust with our clients and candidates. RCM Technologies understands that the majority of clients choose to do business with a limited number of companies—partners whom they determine to be well qualified on the basis of their competency and value. RCM Technologies Inc., a Pennsauken-based provider of business and technology solutions, announced it has acquired Thermal Kinetics, a Buffalo, New York-based engineering company. The acquisition, RCM said, will expand its engineering services and provide its customers with stronger resources and capabilities. We believe that EBITDA and Adjusted EBITDA are performance measures and have provided a reconciliation between net income and EBITDA and Adjusted EBITDA. Terms of the deal — comprised of stock and debt, and slated to close on or before … Our robust cash flow has allowed us to reduce our net debt by 62%, from $32.9 million as of December 28, 2019, to $12.5 million as of September 26, 2020.”. By Peter Key – Staff Writer . (In Thousands), RCM Technologies, Inc. RCM Technologies … The additional charges of $0.6 million incurred severance to a senior executive; legal fees associated with the acquisition of PSR Engineering; and other discrete legal related and miscellaneous charges. Neither EBITDA nor Adjusted EBITDA should be considered as an alternative to net income as an indicator of performance. Condensed Consolidated Statements of Cash Flows A European subsidiary of RCM Technologies, Inc. acquired all of the outstanding equity interests in PSR Engineering Solutions, which is headquartered in Serbia and does business throughout Eastern Europe.With this acquisition, RCM continued its expansion into the European market. Parties interested in registering for the company’s conference call can do so using this link. RCM Technologies, Inc. (RCMT) Condensed Consolidated Statements of Income (Unaudited) (In Thousands, Except Per Share Amounts) Thirteen Week Periods Ended September 26, 2020 September 28, 2019 Revenue: $31,561 $40,250 Cost of services: 22,741 29,635 Gross profit: 8,820 10,615 Selling, general and administrative: 8,606 9,498 Depreciation and amortization of property and equipment: 292 … He joined IBM through its acquisition of PWC in 2002, where he was Managing Partner of Business Process Outsourcing for the Americas, and Managing Partner for the Global Energy Consulting Practice. The Construction and Assembly Business Group (Cubacons), in line with the priority given by the country to foreign investment, has three projects of this type already approved for completion. RCM’s offices are located in major metropolitan centers throughout North America and Serbia. Mr. Genovese is currently engaged in private equity consultation roles related to turnaround and asset acquisition and disposition.! 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