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RCM Technologies' (RCMT) CEO Rocco Campanelli on Q4 2017 Results - Earnings Call Transcript

Mar. 07, 2018 1:55 PM ETRCM Technologies, Inc. (RCMT)
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RCM Technologies Inc. (NASDAQ:RCMT) Q4 2017 Earnings Conference Call March 7, 2018 10:00 AM ET


Rocco Campanelli - President and CEO

Kevin Miller - CFO


Bill Sutherland - The Benchmark Company

Frank Kelly - Scopia Capital Management


Ladies and gentlemen, welcome to the 2017 Fourth Quarter Earnings Conference Call. Your host for today, President and CEO, Rocco Campanelli; and Chief Financial Officer, Kevin Miller. You may now begin.

Rocco Campanelli

Thank you. Good morning everyone. This is Rocco Campanelli, President and CEO. Welcome to the RCM Technologies 2017 fourth quarter earnings call. I'm joined today by Kevin Miller, our Chief Financial Officer. Kevin will begin with a legal disclaimer, and then I will summarize the operating results for each of our operating units. Then we will open it up for questions.

Kevin Miller

Good morning, everyone. Our presentation in this call will contain forward-looking statements. The information contained in the forward-looking statements is based on beliefs, estimates and assumptions and information currently available to us, and these matters may materially change in the future. Many of these beliefs, estimates and assumptions are subject to rapid changes. For more information on our forward-looking statements and the risks, uncertainties and other factors to which they are subject, please see the periodic reports on Forms 10-K, 10-Q and 8-K that we file with the SEC, as well as our press releases that we issue from time-to-time. Thank you.

Rocco Campanelli

Thanks Kevin. We are very pleased with our 2017 consolidated fourth quarter results. Our quarterly revenues of over $51 million are particularly respectable, since we had not exceeded $50 million in quarterly revenues since 2003. Our gross profit of $12.8 million in the fourth quarter of 2017 is by far our best quarterly amount in 2017 and our best since the fourth quarter of 2015. We are excited

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