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Rcm Technologies Inc (RCMT) SEC Filing 10-K Annual report for the fiscal year ending Saturday, January 3, 2015

Rcm Technologies Inc

CIK: 700841 Ticker: RCMT
 
RCM Technologies, Inc.
Tel:  856.356.4500
Corporate Contacts:
2500 McClellan Avenue
Fax: 856.356.4600
Rocco Campanelli
Pennsauken, NJ 08109
info@rcmt.com
President & CEO
 
www.rcmt.com
Kevin D. Miller
   
Chief Financial Officer
 
 
P R E S S   R E L E A S E
 
RCM TECHNOLOGIES, INC. ANNOUNCES
FOURTH QUARTER AND FULL YEAR 2014 RESULTS
 
Pennsauken, NJ – March 4, 2015 -- 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 information technology, engineering and specialty health care services, today announced financial results for the fourteen and fifty-three week periods ended January 3, 2015.
 
The Company reported revenues of $49.3 million for the fourteen week period ended January 3, 2015, a 7.5% increase over $45.8 million for the thirteen week period ended December 28, 2013 (comparable prior year period).  Operating income before severance and other charges was $2.6 million for the fourteen week period ended January 3, 2015, a 16.6% increase over $2.2 million for the comparable prior year period. Net income for the fourteen week period ended January 3, 2015 was $1.7 million, or $0.14 per diluted share, as compared to a net loss of $1.6 million, or $0.13 per diluted share, for the comparable prior year period.
 
The Company reported revenues of $193.8 million for the fifty-three week period ended January 3, 2015, a 13.5% increase over $170.8 million for the fifty-two week period ended December 28, 2013 (comparable prior year period).  Operating income before severance and other charges was $10.6 million for the fifty-three week period ended January 3, 2015, a 37.3% increase over $7.7 million for the comparable prior year period. Net income for the fifty-three week period ended January 3, 2015 was $6.8 million, or $0.54 per diluted share, as compared to $2.0 million, or $0.16 per diluted share, for the comparable prior year period.
 
Rocco Campanelli, President and Chief Executive Officer of RCM Technologies, commented,Our outstanding fiscal 2014 performance was a direct result of the efforts of our valuable employees.  I feel privileged to lead RCM as we grew revenues, gross profit and operating income before severance and other charges by 13.5%, 16.5% and 37.3%, respectively. While everyone at RCM contributed to the great results this year, I want to publicly recognize four “All-Star” leaders: Tim Brandt who runs our Information Technology Consulting & Solutions Group; Bill McGuckin who runs our Life Sciences Solutions and East Staffing Practice in our Information Technology segment; Dan White who leads our Canadian Energy Services Group in our Engineering segment; and Rick Wood who leads our Aerospace Technical Publications Group in our Engineering segment. I want to thank and congratulate these four leaders and their entire teams for spectacular performance in fiscal 2014. As we look to fiscal 2015, we know that exceeding our 2014 performance will be a challenge but it’s one our entire leadership team has embraced. I’m optimistic we can continue the momentum into 2015 and beyond. In addition to focusing on growing our operating income, we have challenged our leadership team to make significant progress in expanding our service offerings in strategic areas and adding several new multi-million dollar clients in 2015 as we look to strengthen RCM.”
 

 
 

The following information was filed by Rcm Technologies Inc (RCMT) on Wednesday, March 4, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Condsolidated Balance Sheets
Condsolidated Balance Sheets (parentheticals)
Consolidated Statement Of Changes In Accumulated Other Comprehensive Income
Consolidated Statements Of Cash Flows (unaudited)
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Accounting Policies, By Policy (policies)
Document And Entity Information
Note 1 - Summary Of Significant Accounting Policies
Note 1 - Summary Of Significant Accounting Policies (details)
Note 10 - Per Share Data
Note 10 - Per Share Data (details)
Note 10 - Per Share Data (details) - Unissued Shares Of Common Stock Were Reserved For The Following Purposes
Note 10 - Per Share Data (details) - Weighted Average Number Of Common Shares
Note 10 - Per Share Data (tables)
Note 11 - Share-based Compensation
Note 11 - Share-based Compensation (details)
Note 11 - Share-based Compensation (details) - Information About Stock Options Outstanding
Note 11 - Share-based Compensation (details) - Recognition Of Unvested Share-based Awards Expenses
Note 11 - Share-based Compensation (details) - Restricted Stock Units Activity
Note 11 - Share-based Compensation (details) - Status Of Nonvested Stock Options Outstanding
Note 11 - Share-based Compensation (details) - Stock Option Activity
Note 11 - Share-based Compensation (details) - Valuation Of Stock Options
Note 11 - Share-based Compensation (tables)
Note 12 - Treasury Stock Transactions
Note 12 - Treasury Stock Transactions (details)
Note 13 - New Accounting Standards
Note 14 - Segment Information
Note 14 - Segment Information (details) - Results Of The Segments
Note 14 - Segment Information (details) - Revenues By Geographic Area
Note 14 - Segment Information (details) - Total Assets By Geographic Area
Note 14 - Segment Information (tables)
Note 15 - Income Taxes
Note 15 - Income Taxes (details)
Note 15 - Income Taxes (details) - Deferred Tax Assets And Liabilites
Note 15 - Income Taxes (details) - Income Tax Provision Reconciliation
Note 15 - Income Taxes (details) - The Components Of Income Tax Expense (benefit)
Note 15 - Income Taxes (details) - Unrecognized Tax Benefits
Note 15 - Income Taxes (tables)
Note 16 - Contingencies
Note 16 - Contingencies (details)
Note 17 - Severance And Other Charges
Note 17 - Severance And Other Charges (details)
Note 18 - Retirement Plans
Note 18 - Retirement Plans (details)
Note 19 - Commitments
Note 19 - Commitments (details)
Note 19 - Commitments (details) - Minimum Future Annual Operating Lease Commitments
Note 19 - Commitments (tables)
Note 2 - Fiscal Year
Note 20 - Related Party Transactions
Note 20 - Related Party Transactions (details)
Note 21 - Selected Quarterly Financial Information (unaudited)
Note 21 - Selected Quarterly Financial Information (unaudited) (details) - Quarterly Information (unaudited)
Note 21 - Selected Quarterly Financial Information (unaudited) (tables)
Note 3 - Use Of Estimates And Uncertainties
Note 4 - Accounts Receivable
Note 4 - Accounts Receivable (details)
Note 4 - Accounts Receivable (details) - Accounts Receivable
Note 4 - Accounts Receivable (tables)
Note 5 - Property And Equipment
Note 5 - Property And Equipment (details)
Note 5 - Property And Equipment (details) - Property And Equipment
Note 5 - Property And Equipment (tables)
Note 6 - Acquisitions
Note 6 - Acquisitions (details)
Note 6 - Acquisitions (details) - Contingent Consideration
Note 6 - Acquisitions (details) - Maximum Deferred Consideration Payments
Note 6 - Acquisitions (details) - Pci Purchase Consideration
Note 6 - Acquisitions (tables)
Note 7 - Goodwill
Note 7 - Goodwill (details) - Changes In Carrying Amount Of Goodwill
Note 7 - Goodwill (tables)
Note 8 - Intangible Assets
Note 8 - Intangible Assets (details)
Note 8 - Intangible Assets (details) - Components Of Intangible Assets
Note 8 - Intangible Assets (details) - Expected Future Amortization Expense
Note 8 - Intangible Assets (tables)
Note 9 - Line Of Credit
Note 9 - Line Of Credit (details)
Schedule Ii - Valuation And Qualifying Accounts And Reserves
Schedule Ii - Valuation And Qualifying Accounts And Reserves (details) - Valuation And Qualifying Accounts And Reserves
Ticker: RCMT
CIK: 700841
Form Type: 10-K Annual Report
Accession Number: 0000700841-15-000004
Submitted to the SEC: Thu Mar 05 2015 2:49:51 PM EST
Accepted by the SEC: Thu Mar 05 2015
Period: Saturday, January 3, 2015
Industry: Help Supply Services

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