RCM Technologies, Inc. (NASDAQ:RCMT) Q2 2023 Earnings Conference Call August 10, 2023 11:30 AM ET
Company Participants
Kevin Miller - CFO
Brad Vizi - Executive Chairman
Conference Call Participants
Alex Rygiel - B. Riley
Bill Sutherland - Benchmark
Operator
Welcome to the RCM Technology Second Quarter Earnings Call. I will now turn the call over to Kevin Miller, you may begin.
Kevin Miller
Good morning. And thank you for joining us. This is Kevin Miller, Chief Financial Officer of RCM Technologies. I'm joined today by Brad Vizi, 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 changes.
For more information on our forward-looking statements, and the risks, uncertainties and other factors to which they're subject. Please see the periodic reports on forms 10-K and 10-Q and 8-K that we filed with the SEC, as well as our press releases that we issue from time-to-time.
I will now turn over the call to Brad Vizi. Executive Chairman to provide an overview of RCM’s operating performance during the quarter.
Brad Vizi
Thanks, Kevin. Good morning, everyone. Consistent with our prior discussion, after starting the year off slow due to project timing, and a key client's unexpected program loss impacting the first half. We made the decision to maintain stride in building what we believe to be a highly differentiated platform in the professional service and marketplace. Our secular growth markets and strong portfolio of capabilities made the decision to ignore the perpetual drumbeat of economic prognostications an easy one.
In fact, as with any economic scare, we knew we would be in position to take advantage of opportunities to further strengthen the business and enhance long-term returns while others taking a more short-term approach tap the brakes. Since we last spoke, progress has been made across each of our divisions, and I am excited to discuss in more detail starting with our healthcare division. RCM’s Healthcare Division continues to raise the bar in various aspects of the business.
Our commitment to delivering best in class staffing services and solutions has led us to focus on several key areas. First and foremost, our steadfast dedication to improving the delivery of behavioral healthcare too has seen very positive outcomes and growth in new school districts nationwide. By implementing innovative and evidence-based approaches, we have made significant strides in addressing the behavioral and mental health challenges facing children and their ability to learn and succeed in schools.