RCM Technologies, Inc. (NASDAQ:RCMT) Q3 2023 Results Conference Call November 9, 2023 11:00 AM ET

Company Participants

Brad Vizi - Executive Chairman

Kevin Miller - Chief Financial Officer

Conference Call Participants

Alex Rygiel - B. Riley

Ben Andrews - Andrews Capital Management

Bill Sutherland - Benchmark

Kevin Miller

Good morning. And thank you for joining us. This is Kevin Miller, Chief Financial Officer of RCM Technologies. I am 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 are subject, please see the periodic reports on forms 10-K, 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 update, the business cadence continues to accelerate as we move through the year. As such, the fourth quarter will be our strongest, and we expect to exhibit EBITDA growth year-over-year.

Also of note, the outlook for 2024 and beyond is bright. Our ability to parlay our high-value capabilities into long-term partnerships, where we continue to deliver increased value into strategic accounts has take hold. We believe our collection of high value capabilities is unique to the marketplace, serving as a key differentiator for which to land and expand.

Internally, we continue to build on our unique structure that fosters innovation and increased depth of penetration, within each of our end markets, while increasingly strengthening points of collaboration between groups.

Our ability to continue to execute this strategy will increase - with increasing success will further fuel growth future growth into our secular end markets for years to come. Since we last spoke, progress has been made across each of our divisions, that I am excited to discuss in more detail, starting with our Healthcare division.

The school year is off to a strong start for our Healthcare team. Notably, we continue to add new school accounts, while growing our presence within our existing client base. We attribute ongoing success to the goodwill we continue to build upon in this end market underpinned by our commitment to supplying highly qualified healthcare professionals to education institutions and other healthcare facilities nationwide.