RCM Technologies (NASDAQ: RCMT), a Pennsauken, New Jersey-based staffing firm, reported first-quarter revenue rose 7.2% year over year to $71.9 million.
The company saw revenue rise 27.1% year over year in its engineering segment, and revenue rose 7.9% in its life sciences and IT segment. However, revenue fell 2.4% in its largest segment, specialty healthcare.
In its engineering segment, RCM noted revenue from energy services rose by $6.0 million in the first quarter, though there were decreases in aerospace revenue and industrial processing revenue.
The decrease in specialty healthcare revenue was driven by the company’s non-school clients.
Meanwhile, life sciences and IT segment revenue rose 7.9% with the increase driven by life sciences, data solutions and human capital management.
Click to enlarge.
Share price
Shares in RCM were down 0.96% to $20.63 as of 12:39 p.m. Eastern time today. They were 72.06% above their 52-week low.