RCM Technologies, Inc. (RCMT) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining us. This is Kevin Miller, Chief Financial Officer of RCM Technologies. I am joined today by Brad Veazey, RCM's Executive Chairman. Our presentation in this call will contain forward-looking statements. The information contained in the forward-looking statements is based on our beliefs, estimates, 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 change. 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. I will now turn the call over to Brad Veazey, Executive Chairman, to provide an overview of RCM's operating performance during the second quarter. Thanks, Kevin. Good morning, everyone. Second quarter growth was led by engineering, as project activity continues to ramp, building on the foundation carefully laid over the last several years. More important, engineering's leadership corroborates a fundamental aspect of the RCM thesis. The success of our company is not predicated on any one division or discipline. In 2022, performance was propelled by the success of healthcare. In 2023, life sciences data and solutions were a key pillar to maintaining the company's trajectory, completing the transition to a post-COVID world. And now in 2024, we are witnessing the emergence of a world-class engineering division with the infrastructure to scale. Five years ago, we presented RCM not as a healthcare company, not as an IT practice, nor an engineering outfit, but an emerging world-cl...