RCM Technologies, Inc. (NASDAQ:RCMT) Q4 2024 Earnings Conference Call March 13, 2025 11:30 AM ET
Company Participants
Kevin Miller – Chief Financial Officer Bradley Vizi – Executive Chairman
Conference Call Participants
William Duberstein – Stone Oak
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 and 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 file with the SEC, as well as our press releases that we issue from time-to-time.
I will now turn the call over to Brad Vizi, Executive Chairman, to provide an overview of RCM’s operating performance during the quarter.
Bradley Vizi
Thanks, Kevin. Good morning, everyone. The fourth quarter demonstrated strong top line momentum as many of our strategic initiatives gained traction. Though our profitability in Q4 was a disappointment, there is a clear delineation of discrete items that materially impacted the quarter and are not indicative of earnings power. Kevin will walk you through the details to help provide a better sense of a more normalized figure that is in-line with our expectations for the business. Perhaps most important, the internals of the business are in very good shape.
Despite the tragic wildfires in Los Angeles and a number of school closings, we’re witnessing a resumption of growth in hours and increasing activity
“When Garcelle and I have spoken in private, she’s been totally understanding of my position that I’m in in discussing this. In front of the other ladies, though, she wants to bring it up and bring it to the table,” Kyle revealed on the March 18 episode of the RHOBH: After Show. “It just doesn’t match our private conversations.”
In addition to getting a different Garcelle on-screen, Kyle said she’s been faced with hypocrisy from her co-star.
“Before, Garcelle had said there’s certain things about Oliver she won’t talk about and things were off limits and I have total respect for that. Her son didn’t want to shoot the season or be talked about and that just was not even an option,” she noted.
Because Garcelle “understood” her stance off-camera but acted differently on-camera, Kyle lost trust.
“If I’ve shared things with Garcelle and these conversations were genuine to me and I leave these conversations feeling like, ‘This person’s my friend,’ and then all of a sudden, her actions are completely different the next time I see her, of course, I’m going to question the validity of her words,” she shared.
Kyle went on to state that it was different arguing with Garcelle than Erika or even Dorit Kemsley, 48, since she never felt that she had to have her guard up with the two of them, even in tense times.
“In this moment, I’m like, ‘Wow, do I need to have my guard up with Garcelle?’” Kyle recalled. “And Sutton too at times.”
As for Garcelle, she’d grown tired of Kyle and Morgan’s relationship being in the press, and the cast having to act as if it wasn’t happening.
“We all see it, it’s everywhere, it’s on the blogs, it’s everywhere, but yet we’re not allowed to bring it up … How can we get deeper in our relationship if we can’t talk about things?” she asked. “The narrative of is she, is she not, and she doesn’t have to tell me if she is or she’s not, but can we talk about it? We’re supposed to act like we don’t see it … to pretend that it’s not happening.”
“We’re not dumb. The people out there are not dumb. We see it,” she continued, signaling double standards. “[And] if the tables were turned and it was us, this group would not let it fly … We would get crucified for doing that.”
According to Garcelle, she would’ve understood not talking about Morgan if Kyle had pulled her aside and explained why she didn’t want to discuss the matter in the group.
Meanwhile, Erika wasn’t nearly as curious.
“However Kyle lives her life is really none of my f*cking business. I’m Kyle’s friend. I’m kind of on a need-to-know basis and I don’t really need to know,” she declared, admitting that Kyle asked her “not to say Morgan’s name.”
“And I said, ‘Okay, fine. No problem,’” she revealed.
Then, after Boz said that Kyle was “not being honest about everything that [was] going on in her relationship, with Mau or anything else,” she wondered how the cast could grow close to her.
“I don’t know how they’re gonna be good friends to her if they can’t speak about the things going on in her life,” she shared.
As for Sutton’s silence amid the discussion about Kyle and Morgan, Boz added that Sutton made Garcelle look “crazy.”
“It would be different if Garcelle said something and then Kyle was like, ‘You’re right,’ and then had gotten into the conversation, and then Sutton would’ve also then jumped in. That’s different,” she noted. “But if Garcelle is challenging and Kyle is just, ‘I’m not giving you anything,’ and then Sutton doesn’t even add on to it, then Garcelle looks crazy … I can understand why Garcelle would be frustrated.”
But after suggesting that Kyle had compartmentalized her relationship with Morgan outside the group, Sutton defended her lack of input, saying she was trying to be respectful of what was going on in Kyle’s life as Garcelle clapped back.
“I just think it’s bullsh*t, honestly, because I think we’ve talked about that … and then here we are at this table and you’re not backing me up,” she told Sutton. “I wish you would’ve said something so that I’m not the only one asking questions.”
Still, Sutton continued to defend herself.
“It’d been a very long day. I had just dealt with that person, tired, I may have zoned out,” she explained. “[But] I’m sorry that you feel that way. I really am. I wasn’t understanding. I’m dealing with Dorit, which is a lot, and I’m like, ‘Just leave Kyle alone.’”
The Real Housewives of Beverly Hillsseason 14 airs Tuesdays at 8/7c on Bravo.
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