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Richardson Electronics Reports First Quarter Results; Declares Quarterly Cash Dividend

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Richardson Electronics (NASDAQ: RELL) reported a 2.2% increase in Q1 FY25 net sales, marking the first quarterly year-over-year increase since Q3 FY23. The company achieved positive operating cash flow for the second consecutive quarter, ending with $23.0 million in cash and no debt. Management expects year-over-year sales growth and higher profitability for FY25.

Key highlights include:

  • Net sales of $53.7 million, up from $52.6 million in Q1 FY24
  • Gross margin of 30.6%, compared to 32.8% in Q1 FY24
  • Operating income of $0.3 million, down from $1.5 million in Q1 FY24
  • Net income of $0.6 million, or $0.04 per diluted share
  • EBITDA of $1.7 million, compared to $2.6 million in Q1 FY24

The company also declared a quarterly cash dividend of $0.06 per share for common stock holders.

Richardson Electronics (NASDAQ: RELL) ha riportato un aumento del 2,2% nelle vendite nette del primo trimestre dell'anno fiscale 25, segnando il primo aumento anno su anno dal terzo trimestre dell'anno fiscale 23. L'azienda ha registrato un flusso di cassa operativo positivo per il secondo trimestre consecutivo, chiudendo con 23,0 milioni di dollari in contante e senza debiti. La direzione prevede una crescita delle vendite anno su anno e una maggiore redditività per l'anno fiscale 25.

I punti salienti includono:

  • Vendite nette di 53,7 milioni di dollari, in aumento rispetto ai 52,6 milioni di dollari nel primo trimestre dell'anno fiscale 24
  • Margine lordo del 30,6%, rispetto al 32,8% nel primo trimestre dell'anno fiscale 24
  • Risultato operativo di 0,3 milioni di dollari, in calo rispetto a 1,5 milioni di dollari nel primo trimestre dell'anno fiscale 24
  • Utile netto di 0,6 milioni di dollari, pari a 0,04 dollari per azione diluita
  • EBITDA di 1,7 milioni di dollari, rispetto a 2,6 milioni di dollari nel primo trimestre dell'anno fiscale 24

L'azienda ha anche dichiarato un dividendo in contante trimestrale di 0,06 dollari per azione per gli azionisti ordinari.

Richardson Electronics (NASDAQ: RELL) reportó un incremento del 2.2% en las ventas netas del primer trimestre del año fiscal 25, marcando el primer aumento interanual en un trimestre desde el tercer trimestre del año fiscal 23. La compañía logró un flujo de efectivo operativo positivo por segundo trimestre consecutivo, cerrando con 23.0 millones de dólares en efectivo y sin deudas. La dirección espera un crecimiento de ventas interanual y una mayor rentabilidad para el año fiscal 25.

Los puntos destacados incluyen:

  • Ventas netas de 53.7 millones de dólares, en comparación con 52.6 millones de dólares en el primer trimestre del año fiscal 24
  • Margen bruto del 30.6%, comparado con 32.8% en el primer trimestre del año fiscal 24
  • Ingreso operativo de 0.3 millones de dólares, abajo de 1.5 millones de dólares en el primer trimestre del año fiscal 24
  • Ingreso neto de 0.6 millones de dólares, o 0.04 dólares por acción diluida
  • EBITDA de 1.7 millones de dólares, comparado con 2.6 millones de dólares en el primer trimestre del año fiscal 24

La compañía también declaró un dividendo en efectivo trimestral de 0.06 dólares por acción para los accionistas comunes.

리차드슨 일렉트로닉스 (NASDAQ: RELL)는 2025 회계 연도 1분기 순매출이 2.2% 증가했다고 보고하며, 이는 2023 회계 연도 3분기 이후 처음으로 전년 동기 대비 증가한 분기입니다. 이 회사는 두 번째 연속 분기 동안 긍정적인 운영 현금 흐름을 기록하며, 2300만 달러의 현금과 부채가 없는 상태로 마감했다고 밝혔습니다. 경영진은 2025 회계 연도 동안 연간 매출 성장과 높은 수익성을 기대하고 있습니다.

주요 내용은 다음과 같습니다:

  • 순매출 5370만 달러, 2024 회계 연도 1분기 5260만 달러에서 증가
  • 총 마진 30.6%, 2024 회계 연도 1분기 32.8% 대비
  • 운영 수익 30만 달러, 2024 회계 연도 1분기 150만 달러에서 감소
  • 순이익 60만 달러, 또는 희석 주당 0.04달러
  • EBITDA 170만 달러, 2024 회계 연도 1분기 260만 달러 대비

회사는 또한 보통주주를 위해 주당 0.06달러의 분기 배당금을 선언했습니다.

Richardson Electronics (NASDAQ: RELL) a annoncé une augmentation de 2,2 % de son chiffre d'affaires net au premier trimestre de l'exercice 25, marquant la première augmentation d'une année sur l'autre depuis le troisième trimestre de l'exercice 23. L'entreprise a réalisé un flux de trésorerie opérationnel positif pour le deuxième trimestre consécutif, clôturant avec 23,0 millions de dollars en liquidités et aucune dette. La direction prévoit une croissance des ventes d'une année sur l'autre et une rentabilité accrue pour l'exercice 25.

Les points clés incluent :

  • Chiffre d'affaires net de 53,7 millions de dollars, en hausse par rapport à 52,6 millions de dollars au premier trimestre de l'exercice 24
  • Marge brute de 30,6 %, contre 32,8 % au premier trimestre de l'exercice 24
  • Résultat opérationnel de 0,3 million de dollars, en baisse par rapport à 1,5 million de dollars au premier trimestre de l'exercice 24
  • Résultat net de 0,6 million de dollars, soit 0,04 dollar par action diluée
  • EBITDA de 1,7 million de dollars, par rapport à 2,6 millions de dollars au premier trimestre de l'exercice 24

L'entreprise a également déclaré un dividende en espèces trimestriel de 0,06 dollar par action pour les actionnaires ordinaires.

Richardson Electronics (NASDAQ: RELL) meldete einen Anstieg der Nettoumsätze im ersten Quartal des Geschäftsjahres 25 von 2,2%, was den ersten Anstieg im Vergleich zum Vorjahr seit dem dritten Quartal des Geschäftsjahres 23 markiert. Das Unternehmen erzielte positive operative Cashflows für das zweite aufeinanderfolgende Quartal und schloss mit 23,0 Millionen Dollar in bar und ohne Schulden. Das Management erwartet ein Umsatzwachstum im Jahresvergleich und eine höhere Rentabilität für das Geschäftsjahr 25.

Zu den Höhepunkten gehören:

  • Nettoumsätze von 53,7 Millionen Dollar, ein Anstieg von 52,6 Millionen Dollar im ersten Quartal des Geschäftsjahres 24
  • Bruttomarge von 30,6%, im Vergleich zu 32,8% im ersten Quartal des Geschäftsjahres 24
  • Betriebsergebnis von 0,3 Millionen Dollar, ein Rückgang von 1,5 Millionen Dollar im ersten Quartal des Geschäftsjahres 24
  • Nettogewinn von 0,6 Millionen Dollar oder 0,04 Dollar pro verwässerter Aktie
  • EBITDA von 1,7 Millionen Dollar, im Vergleich zu 2,6 Millionen Dollar im ersten Quartal des Geschäftsjahres 24

Das Unternehmen erklärte außerdem eine vierteljährliche Bardividende von 0,06 Dollar pro Anteil für die Aktionäre der Stammaktien.

Positive
  • First quarterly year-over-year net sales increase since Q3 FY23, up 2.2%
  • Positive operating cash flow for the second consecutive quarter
  • Strong balance sheet with $23.0 million in cash and no debt
  • 84% year-over-year increase in GES sales
  • 48.7% year-over-year increase in Healthcare sales
  • Management expects year-over-year sales growth and higher profitability for FY25
  • Declared quarterly cash dividend of $0.06 per share
Negative
  • Operating income decreased to $0.3 million from $1.5 million in Q1 FY24
  • Gross margin declined to 30.6% from 32.8% in Q1 FY24
  • EBITDA decreased to $1.7 million from $2.6 million in Q1 FY24
  • 4.3% decrease in PMT sales
  • Canvys sales declined due to challenging market conditions in North America and Europe
  • Backlog decreased to $137.4 million from $147.8 million at the end of Q4 FY24

Insights

Richardson Electronics' Q1 FY25 results show promising signs of recovery and growth. Net sales increased by 2.2% year-over-year, marking the first quarterly YoY increase since Q3 FY23. This growth was primarily driven by an impressive 84% increase in GES sales and a 48.7% rise in Healthcare sales.

The company's financial position remains strong with $23.0 million in cash and no debt. Positive operating cash flow for the second consecutive quarter demonstrates improved operational efficiency. However, gross margin declined to 30.6% from 32.8% in the previous year, mainly due to product mix and higher manufacturing costs in anticipation of increased demand.

While earnings per share decreased to $0.04 from $0.09, management's outlook for FY25 is optimistic, expecting year-over-year sales growth and higher profitability. The maintained quarterly dividend of $0.06 per share signals confidence in the company's financial stability and commitment to shareholder returns.

Investors should monitor the company's ability to convert its robust sales pipeline into actual orders and improve gross margins in the coming quarters to fully realize the projected growth and profitability for FY25.

Richardson Electronics' Q1 results reveal several key market trends worth noting:

  • The 84% growth in GES sales indicates strong demand for electric locomotive and wind turbine battery modules, suggesting a positive outlook for the green energy sector.
  • A 16% increase in sales to wafer fab customers points to a potential recovery in the semiconductor industry, which could benefit Richardson's PMT segment in the long term.
  • The 48.7% growth in Healthcare sales demonstrates rising demand for CT tubes, parts and systems, reflecting a robust healthcare equipment market.
  • Canvys' sales decline highlights challenging market conditions in North America and Europe, possibly due to economic uncertainties.

The company's backlog of $137.4 million, while lower than the previous quarter, remains substantial. This, combined with management's expectation of strengthening backlog in FY25, suggests potential for continued growth across multiple sectors.

Investors should keep an eye on the company's ability to capitalize on the growing green energy and healthcare markets while navigating the challenges in traditional electronics sectors.

Q1 FY25 net sales increase 2.2% YoY, the first quarterly YoY increase since Q3 FY23

Richardson Electronics ended Q1 with positive operating cash flow for the second consecutive quarter, $23.0 million in cash and cash equivalents and no debt

Management expects YoY sales growth and higher profitability for FY25

LAFOX, Ill., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its first quarter ended August 31, 2024. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend.

“Our first quarter results are encouraging and benefited from the strategies underway to drive sales growth, improve profitability, and generate positive operating cash flow,” said Edward J. Richardson, Chairman, CEO, and President. "For the first quarter of fiscal 2025, new program wins, combined with improving demand trends for legacy programs, drove an 84%, or $3.7 million year-over-year increase in GES sales. In addition, we are seeing green shoots develop in our semiconductor wafer fab market and sales to wafer fab customers increased 16% on a year-over-year basis.”

“We also remain focused on improving inventory management and we expect sales growth throughout fiscal 2025 to reduce inventory levels over the next several quarters. For the first quarter we generated positive operating cash flow for the second straight quarter and ended the quarter with no debt and $23.0 million in cash and cash equivalents. We believe our strong balance sheet provides us with the flexibility to support the current needs of our business, while continuing to invest capital in long-term growth strategies. In addition, we remain committed to maintaining a strong balance sheet, optimizing our business, and pursuing profitable growth opportunities. Overall, fiscal year 2025 is off to a good start, and we expect year-over-year sales growth and higher profitability for the full fiscal year,” concluded Mr. Richardson.

First Quarter Results

Net sales for the first quarter of fiscal 2025 were $53.7 million, a 2.2% increase from $52.6 million in the prior year’s first quarter. The first quarter of fiscal 2025 was comprised of 13 weeks, compared to 14 weeks for the first quarter of fiscal 2024.

This growth in net sales for the first quarter of fiscal 2025 was due to higher sales in GES and Healthcare. GES sales increased $3.7 million, or 84.0% from last year’s first quarter driven by a large sale of electric locomotive battery modules and higher sales of wind turbine battery modules. Richardson Healthcare sales increased $1.2 million, or 48.7% from the first quarter of fiscal 2024 as a result of higher CT tube, parts and system demand.

Sales growth for the first quarter of fiscal 2025 was partially offset by a $1.5 million, or 4.3% decrease in PMT sales due to large one-time sale of special purpose electron tubes in the first quarter last fiscal year that did not recur. In addition, Canvys sales declined year-over-year by $2.3 million, reflecting challenging market conditions in North America and Europe.

Backlog totaled $137.4 million at the end of the first quarter of fiscal 2025 versus $147.8 million at the end of the fourth quarter of fiscal 2024. The sequential decrease was primarily in Canvys and GES, which remain healthy despite short-term economic conditions. The Company’s sales pipeline remains robust, and while the timing of orders can vary quarter-to-quarter, management expects backlog to strengthen in fiscal 2025.

Gross margin for the first quarter was 30.6% of net sales compared to 32.8% during the first quarter of fiscal 2024. Richardson Healthcare’s gross margin improved to 32.4%, up from 31.6%, thanks to cost efficiencies in scrap and freight. Canvys also posted a slight increase in gross margin to 34.3%, compared to 34.0%, due to favorable product mix. PMT gross margin decreased to 29.8% from 32.2% due to product mix and higher manufacturing under absorption as the Company maintains much of its workforce in anticipation of increasing demand for its manufacturing resources. GES gross margin decreased to 29.4% from 36.0% due to product mix. 

Operating expenses were $16.1 million, compared to $15.8 million in the first quarter of fiscal 2024. The increase in operating expenses resulted primarily from higher incentives expense tied to recent sales growth.

Operating income was $0.3 million for the first quarter of fiscal 2025, compared to operating income of $1.5 million in the prior year’s first quarter. Other income for the first quarter of fiscal 2025, including interest income and foreign exchange, was $0.3 million, compared to other income of $0.1 million in the first quarter of fiscal 2024.

Income tax provision was $0.1 million, or an effective tax rate of approximately 9.0%, versus an income tax provision of $0.4 million, or an effective tax rate of 23.7% in the prior year’s first quarter.

Net income for the first quarter of fiscal 2025 was $0.6 million, compared to net income of $1.2 million in the first quarter of fiscal 2024. EBITDA for the first quarter of fiscal 2025 was $1.7 million versus $2.6 million in the prior year’s first quarter. Earnings per common share (diluted) were $0.04 in the first quarter of fiscal 2025 compared to earnings per common share (diluted) of $0.09 in the first quarter of fiscal 2024.

The Company maintained its solid financial footing, reporting cash and cash equivalents of $23.0 million as of August 31, 2024, versus $24.3 million as of June 1, 2024. The use of cash during the first quarter of fiscal 2025 was primarily related to higher accounts receivable, partially offset by higher accounts payable. The Company invested $0.9 million during the quarter in capital expenditures related to its facilities and IT systems, versus $1.1 million during last year’s first quarter.

CASH DIVIDEND DECLARED

The Board of Directors of Richardson Electronics declared a $0.06 quarterly cash dividend per share to holders of common stock and a $0.054 cash dividend per share to holders of Class B common stock. The dividend will be payable on November 27, 2024, to common stockholders of record as of November 8, 2024.

NON-GAAP FINANCIAL MEASURE

In addition to the results reported in accordance with generally accepted accounting principles in the United States (GAAP) included throughout this press release, the Company has provided information regarding “EBITDA” (a “non-GAAP financial measure”). This non-GAAP financial measure reflects earnings before interest, income tax, depreciation and amortization expenses. Detailed reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures are set forth in this press release.

Management believes that the disclosure of this non-GAAP financial measure provides useful information to investors in assessing the Company’s financial performance excluding items that are not considered by the Company to be indicative of the Company’s ongoing results. Our management uses this non-GAAP financial measure along with the most directly comparable GAAP financial measure in evaluating our financial performance and when planning, forecasting and analyzing future periods. The non-GAAP financial measure presented herein, as determined and presented by the Company, may not be comparable to related or similarly titled measures reported by other companies. The non-GAAP financial measure incorporated herein is not intended to be used as a substitute for the related GAAP measurements. The non-GAAP financial measure should be viewed in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP.

CONFERENCE CALL INFORMATION

The Company will host a conference call and question-and-answer session on Thursday, October 10, 2024, at 9:00 a.m. Central Time, to discuss its first quarter fiscal-year 2025 results. 

Participants may register for the call here.  While not required, it is recommended you join 10 minutes prior to the event start.  A replay of the call will be available beginning at 1:00 p.m. Central Time on October 11, 2024, for seven days.  Registration instructions are also on our website at www.rell.com.

In addition, the webcast link is available here.

FORWARD-LOOKING STATEMENTS

This release includes certain “forward-looking” statements as defined by the Securities and Exchange Commission. Statements in this press release regarding the Company’s business that are not historical facts represent “forward-looking” statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K filed on August 5, 2024, and other reports we file with the Securities and Exchange Commission. The Company assumes no responsibility to update the “forward-looking” statements in this release as a result of new information, future events or otherwise.

ABOUT RICHARDSON ELECTRONICS, LTD.

Richardson Electronics, Ltd. is a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components including green energy solutions; high-value replacement parts, tubes, and service training for diagnostic imaging equipment; and customized display solutions. Nearly 50% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All our partners manufacture to our strict specifications and per our supplier code of conduct. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.  

Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.

 
Richardson Electronics, Ltd.
Consolidated Balance Sheets
(in thousands, except per share amounts)
 
  Unaudited  Audited 
  August 31, 2024  June 1, 2024 
Assets      
Current assets:      
Cash and cash equivalents $23,035  $24,263 
Accounts receivable, less allowance for credit losses of $351 and $323, respectively  30,862   24,845 
Inventories, net  110,994   110,149 
Prepaid expenses and other assets  2,488   2,397 
Total current assets  167,379   161,654 
Non-current assets:      
Property, plant and equipment, net  20,612   20,681 
Intangible assets, net  1,582   1,641 
Right of use lease assets  2,538   2,760 
Deferred income tax assets  5,555   5,500 
Other non-current assets  197   209 
Total non-current assets  30,484   30,791 
Total assets $197,863  $192,445 
Liabilities      
Current liabilities:      
Accounts payable $19,758  $15,458 
Accrued liabilities  15,403   15,404 
Lease liabilities current  1,107   1,169 
Total current liabilities  36,268   32,031 
Non-current liabilities:      
Deferred income tax liabilities  79   90 
Lease liabilities non-current  1,431   1,591 
Other non-current liabilities  1,021   781 
Total non-current liabilities  2,531   2,462 
Total liabilities  38,799   34,493 
Stockholders’ Equity      
Common stock, $0.05 par value; 12,331 and 12,254 shares issued
and outstanding on August 31, 2024 and June 1, 2024, respectively
  617   613 
Class B common stock, convertible, $0.05 par value; 2,049 shares issued
and outstanding on August 31, 2024 and June 1, 2024
  102   102 
Preferred stock, $1.00 par value, no shares issued      
Additional paid-in-capital  73,315   72,744 
Retained earnings  83,630   83,729 
Accumulated other comprehensive income  1,400   764 
Total stockholders' equity  159,064   157,952 
Total liabilities and stockholders’ equity $197,863  $192,445 


 
Richardson Electronics, Ltd.
Unaudited Consolidated Statements of Comprehensive Income
(in thousands, except per share amounts)
 
  Three Months Ended 
  August 31, 2024  September 2, 2023 
Net sales $53,725  $52,581 
Cost of sales, exclusive of depreciation and amortization  37,299   35,317 
Gross profit  16,426   17,264 
Selling, general and administrative expenses, inclusive
of depreciation and amortization
  16,112   15,792 
Gain on disposal of assets  (2)   
Operating income  316   1,472 
Other (income) expense:      
Interest income  (58)  (71)
Foreign exchange gain  (277)  (97)
Other, net  3   32 
Total other income  (332)  (136)
Income before income taxes  648   1,608 
Income tax provision  58   381 
Net income  590   1,227 
Foreign currency translation gain (loss), net of tax  636   (41)
Comprehensive income $1,226  $1,186 
       
Net income per share:      
Common shares - Basic $0.04  $0.09 
Class B common shares - Basic  0.04   0.08 
Common shares - Diluted  0.04   0.09 
Class B common shares - Diluted  0.04   0.08 
       
Weighted average number of shares:      
Common shares – Basic  12,200   12,171 
Class B common shares – Basic  2,049   2,052 
Common shares – Diluted  12,431   12,539 
Class B common shares – Diluted  2,049   2,052 
       


 
Richardson Electronics, Ltd.
Unaudited Consolidated Statements of Cash Flows
(in thousands)
 
  Three Months Ended 
  August 31, 2024  September 2, 2023 
Operating activities:      
Net income $590  $1,227 
Adjustments to reconcile net income to cash provided by operating activities:      
Unrealized foreign currency gain  (382)  (37)
Depreciation and amortization  1,044   998 
Inventory provisions  139   85 
Share-based compensation expense  593   483 
Gain on disposal of assets  (2)   
Deferred income taxes  (58)  (5)
Change in assets and liabilities:      
Accounts receivable  (5,858)  4,462 
Inventories  (124)  (3,151)
Prepaid expenses and other assets  (29)  409 
Accounts payable  4,164   (2,365)
Accrued liabilities  (95)  (1,124)
Other  430   33 
Net cash provided by operating activities  412   1,015 
Investing activities:      
Capital expenditures  (926)  (1,141)
Proceeds from sale of property, plant & equipment  7    
Net cash used in investing activities  (919)  (1,141)
Financing activities:      
Proceeds from issuance of common stock  144   327 
Cash dividends paid on common and Class B common stock  (850)  (843)
Proceeds from revolving credit facility  1,000    
Repayment of revolving credit facility  (1,000)   
Other  (162)  (119)
Net cash used in financing activities  (868)  (635)
Effect of exchange rate changes on cash and cash equivalents  147   (96)
Decrease in cash and cash equivalents  (1,228)  (857)
Cash and cash equivalents at beginning of period  24,263   24,981 
Cash and cash equivalents at end of period $23,035  $24,124 


 
Richardson Electronics, Ltd.
Unaudited Net Sales and Gross Profit
For the First Quarter of Fiscal 2025 and 2024
($ in thousands)
By Strategic Business Unit
 
Net Sales Three Months Ended  FY25 vs. FY24
% Change
 
  August 31, 2024  September 2, 2023   
PMT $34,202  $35,744   -4.3%
GES  8,086   4,394   84.0%
Canvys  7,638   9,889   -22.8%
Healthcare  3,799   2,554   48.7%
Total $53,725  $52,581   2.2%


Gross Profit Three Months Ended 
  August 31, 2024  % of Net Sales  September 2, 2023  % of Net Sales 
PMT $10,202   29.8% $11,511   32.2%
GES  2,374   29.4%  1,580   36.0%
Canvys  2,621   34.3%  3,365   34.0%
Healthcare  1,229   32.4%  808   31.6%
Total $16,426   30.6% $17,264   32.8%


 
Richardson Electronics, Ltd.
Unaudited Reconciliation Between GAAP and Non-GAAP Financial Measures
For the First Quarter of Fiscal 2025 and 2024
($ in thousands)
 
EBITDA
 
  Three Months Ended 
  August 31, 2024  September 2, 2023 
       
Net income $590  $1,227 
Income tax expense  58   381 
Depreciation & amortization  1,044   998 
EBITDA $1,692  $2,606 


   
For Details Contact: 40W267 Keslinger Road
Edward J. RichardsonRobert J. BenPO BOX 393
Chairman and CEOEVP & CFOLaFox, IL 60147-0393 USA
Phone: (630) 208-2320(630) 208-2203(630) 208-2200 | Fax: (630) 208-2550
   

FAQ

What was Richardson Electronics' (RELL) net sales growth in Q1 FY25?

Richardson Electronics reported a 2.2% increase in net sales for Q1 FY25, reaching $53.7 million compared to $52.6 million in Q1 FY24.

How much cash did Richardson Electronics (RELL) have at the end of Q1 FY25?

Richardson Electronics ended Q1 FY25 with $23.0 million in cash and cash equivalents and no debt.

What was Richardson Electronics' (RELL) earnings per share in Q1 FY25?

Richardson Electronics reported earnings per common share (diluted) of $0.04 in Q1 FY25.

Did Richardson Electronics (RELL) declare a dividend for Q1 FY25?

Yes, Richardson Electronics declared a quarterly cash dividend of $0.06 per share for common stock holders.

What was the year-over-year change in Richardson Electronics' (RELL) GES sales for Q1 FY25?

Richardson Electronics' GES sales increased by 84%, or $3.7 million, year-over-year in Q1 FY25.

Richardson Electronics Ltd

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70.62%
2.8%
Electronic Components
Wholesale-electronic Parts & Equipment, Nec
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United States of America
LAFOX