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RCM income rises 27.9% in Q3 with specialty well being main the best way; IT income slips


November 10, 2022

RCM Applied sciences Inc. (NASDAQ: RCMT), a staffing supplier primarily based in Pennsauken, New Jersey, reported third-quarter income rose 27.9% yr over yr to $58.2 million whereas gross margin improved.

RCM’s specialty healthcare phase posted the quickest progress, rising 42.5% yr over yr to income of almost $28.0 million within the third quarter. Nonetheless, income within the firm’s IT phase edged down 1.2%.

“RCM delivered continued sturdy efficiency in our seasonally challenged third quarter,” Government Chairman Bradley Vizi stated.

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Share worth and market cap

Shares in RCM had been down 8.22% to $15.98 as of 12:07 p.m. at this time; they had been 206.10% above their 52-week low of $5.22 set on Jan. 24, in line with FT.com. The corporate had a market cap of $177.6 million.

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