RCM Technologies, Inc. announces an Equity Buyback for $25 million worth of its shares.
May 10, 2023 at 04:17 pm EDT
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RCM Technologies, Inc. (NasdaqGM:RCMT) announces a share repurchase program. Under the program, the company will repurchase up to $25 million worth of its shares. The purpose of the program is to provide the company with enhanced flexibility over the long term to optimize its capital structure.
The company intends to finance the purchases using available working capital and capacity from the company's revolving line of credit.
RCM Technologies, Inc. is a business and technology solutions provider through the deployment of engineering, specialty health care and information technology services. The Company operates through three segments: Specialty Health Care, Engineering, and Life Sciences and Information Technology services (LS&IT). The Specialty Health Care segment provides staffing solutions including medical health care professionals, health information management professionals, nurses, paraprofessionals, physicians, and therapists. The Engineering segment provides a comprehensive portfolio of engineering and design services across three verticals: energy services, process and industrial and aerospace. The LS&IT segment provides enterprise business solutions, application services, IT infrastructure solutions, life sciences solutions and other vertical-specific offerings. This segment also includes data solutions, digitization, recruiting process outsourcing, human capital management solutions, and more.
RCM TECHNOLOGIES, INC. 
