Richardson Electronics Reports Second Quarter Results; Declares Quarterly Cash Dividend
Richardson Electronics (NASDAQ: RELL) reported Q2 FY25 results with net sales of $49.5 million, showing a 12.1% increase from $44.1 million in Q2 FY24. The growth was primarily driven by Green Energy Solutions (GES), which saw a 129% increase in sales, and the Power and Microwave Technologies Group (PMT) with a 9.9% increase.
The company maintained a strong financial position with $26.6 million in cash and no debt. Gross margin improved to 31.0% compared to 28.4% in Q2 FY24. Despite these improvements, the company reported a net loss of $0.8 million ($0.05 per share), better than the $1.8 million loss ($0.13 per share) in the prior year. The Board declared a quarterly cash dividend of $0.06 per share.
Backlog increased to $142.6 million from $137.4 million in Q1 FY25, with management expecting continued growth and higher year-over-year sales and profitability for FY25.
Richardson Electronics (NASDAQ: RELL) ha riportato i risultati del secondo trimestre dell'anno fiscale 25 con vendite nette di 49,5 milioni di dollari, mostrando un incremento del 12,1% rispetto ai 44,1 milioni di dollari del secondo trimestre dell'anno fiscale 24. La crescita è stata principalmente guidata da Green Energy Solutions (GES), che ha registrato un aumento del 129% nelle vendite, e dal gruppo Power and Microwave Technologies (PMT) con un incremento del 9,9%.
L'azienda ha mantenuto una solida posizione finanziaria con 26,6 milioni di dollari in contante e senza debito. Il margine lordo è migliorato al 31,0% rispetto al 28,4% del secondo trimestre dell'anno fiscale 24. Nonostante questi miglioramenti, l'azienda ha riportato una perdita netta di 0,8 milioni di dollari (0,05 dollari per azione), migliore della perdita di 1,8 milioni di dollari (0,13 dollari per azione) dell'anno precedente. Il Consiglio ha dichiarato un dividendo in contante trimestrale di 0,06 dollari per azione.
Il portafoglio ordini è aumentato a 142,6 milioni di dollari da 137,4 milioni di dollari nel primo trimestre dell'anno fiscale 25, con la gestione che prevede una continua crescita e vendite e profittabilità annuali più elevate per l'anno fiscale 25.
Richardson Electronics (NASDAQ: RELL) reportó resultados del segundo trimestre del año fiscal 25 con ventas netas de 49.5 millones de dólares, mostrando un incremento del 12.1% en comparación con los 44.1 millones de dólares en el segundo trimestre del año fiscal 24. El crecimiento fue impulsado principalmente por Green Energy Solutions (GES), que vio un aumento del 129% en las ventas, y el grupo Power and Microwave Technologies (PMT) con un incremento del 9.9%.
La empresa mantuvo una sólida posición financiera con 26.6 millones de dólares en efectivo y sin deuda. El margen bruto mejoró al 31.0% en comparación con el 28.4% en el segundo trimestre del año fiscal 24. A pesar de estas mejoras, la empresa reportó una pérdida neta de 0.8 millones de dólares (0.05 dólares por acción), mejor que la pérdida de 1.8 millones de dólares (0.13 dólares por acción) del año anterior. La Junta declaró un dividendo en efectivo trimestral de 0.06 dólares por acción.
La cartera de pedidos aumentó a 142.6 millones de dólares desde 137.4 millones de dólares en el primer trimestre del año fiscal 25, con la gerencia esperando un crecimiento continuo y mayores ventas y rentabilidad año tras año para el año fiscal 25.
리차드슨 전자(Richardson Electronics) (NASDAQ: RELL)이 FY25 2분기 실적을 발표하며 순매출 4천950만 달러를 기록하여 FY24 2분기 4천410만 달러에서 12.1% 증가했다고 밝혔다. 성장은 주로 그린 에너지 솔루션(Green Energy Solutions, GES)에 의해 촉진되었으며, 여기서 매출이 129% 증가했고, 전력 및 마이크로파 기술 그룹(PMT)에서는 9.9% 증가했다.
회사는 2천660만 달러의 현금을 보유하며 부채가 없다는 강력한 재무 상태를 유지하고 있다. 총 이익률은 FY24 2분기 28.4%에서 31.0%으로 개선되었다. 이러한 개선에도 불구하고 회사는 80만 달러의 순손실 (주당 0.05달러)을 보고했으며, 이는 지난해 180만 달러의 손실 (주당 0.13달러)보다 나은 결과이다. 이사회는 주당 0.06달러의 분기 현금 배당금을 선언했다.
수주 잔고는 FY25 1분기 1억 4천260만 달러에서 1억 3천740만 달러로 증가하였으며, 경영진은 FY25에 지속적인 성장과 전년 대비 매출 및 수익성 증가를 기대하고 있다.
Richardson Electronics (NASDAQ: RELL) a rapporté des résultats pour le deuxième trimestre de l'exercice 25 avec des ventes nettes de 49,5 millions de dollars, affichant une augmentation de 12,1% par rapport à 44,1 millions de dollars au deuxième trimestre de l'exercice 24. La croissance a été principalement soutenue par Green Energy Solutions (GES), qui a connu une augmentation des ventes de 129%, et le groupe Power and Microwave Technologies (PMT) avec une augmentation de 9,9%.
L'entreprise a maintenu une solide position financière avec 26,6 millions de dollars en liquidités et pas de dettes. La marge brute s'est améliorée à 31,0% contre 28,4% au deuxième trimestre de l'exercice 24. Malgré ces améliorations, l'entreprise a rapporté une perte nette de 0,8 millions de dollars (0,05 dollars par action), meilleure que la perte de 1,8 millions de dollars (0,13 dollars par action) de l'année précédente. Le conseil a déclaré un dividende trimestriel en espèces de 0,06 dollars par action.
Le carnet de commandes a augmenté à 142,6 millions de dollars contre 137,4 millions de dollars au premier trimestre de l'exercice 25, la direction s'attendant à une croissance continue ainsi qu'à des ventes et rentabilités en hausse d'une année sur l'autre pour l'exercice 25.
Richardson Electronics (NASDAQ: RELL) berichtete über die Ergebnisse des zweiten Quartals des Geschäftsjahrs 25 mit einem Nettoumsatz von 49,5 Millionen Dollar, was einem 12,1%igen Anstieg im Vergleich zu 44,1 Millionen Dollar im zweiten Quartal des Geschäftsjahrs 24 entspricht. Das Wachstum wurde hauptsächlich von Green Energy Solutions (GES) vorangetrieben, das einen Umsatzanstieg von 129% verzeichnete, und der Power and Microwave Technologies Group (PMT) mit einem Anstieg von 9,9%.
Das Unternehmen hielt eine starke finanzielle Position mit 26,6 Millionen Dollar in bar und ohne Schulden. Die Bruttomarge verbesserte sich auf 31,0% im Vergleich zu 28,4% im zweiten Quartal des Geschäftsjahrs 24. Trotz dieser Verbesserungen berichtete das Unternehmen über einen Nettoverlust von 0,8 Millionen Dollar (0,05 Dollar pro Aktie), was besser ist als der Verlust von 1,8 Millionen Dollar (0,13 Dollar pro Aktie) im Vorjahr. Der Vorstand erklärte eine vierteljährliche Bardividende von 0,06 Dollar pro Aktie.
Der Auftragsbestand stieg auf 142,6 Millionen Dollar von 137,4 Millionen Dollar im ersten Quartal des Geschäftsjahrs 25, wobei das Management weiterhin ein Wachstum und höhere Jahresumsätze und Rentabilität für das Geschäftsjahr 25 erwartet.
- Net sales increased 12.1% YoY to $49.5 million
- GES sales grew 129% YoY, adding $3.4 million
- PMT sales increased 9.9% YoY
- Gross margin improved to 31.0% from 28.4%
- Backlog grew to $142.6 million from $137.4 million sequentially
- Strong balance sheet with $26.6 million cash and no debt
- Net loss of $0.8 million in Q2 FY25
- Operating loss of $0.7 million
- Healthcare sales decreased 22.8%
- Canvys sales declined 6.0%
- Operating expenses increased to $16.0 million from $14.5 million
Insights
Q2 FY25 net sales increased
Green Energy Solutions (GES) net sales increased
Richardson Electronics ended Q2 with positive operating cash flow for the third consecutive quarter,
Management expects YoY sales growth and higher profitability for FY25
LAFOX, Ill., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its second quarter ended November 30, 2024. The Company also announced that its Board of Directors declared a
“Our second quarter results included new program wins and continued improvement in demand across our GES and PMT markets. These trends drove a
“We generated positive operating cash flow for the third straight quarter, ending the quarter with no debt and
Second Quarter Results
Net sales for the second quarter of fiscal 2025 were
Year-over-year net sales growth for the second quarter of fiscal 2025 was due to higher sales in GES and the Power and Microwave Technologies Group (PMT). GES sales increased
Sales growth for the second quarter of fiscal 2025 was partially offset by a
Backlog totaled
Gross margin for the second quarter was
Operating expenses were
Operating loss was
Income tax benefit was
Net loss for the second quarter of fiscal 2025 was
EBITDA for the second quarter of fiscal 2025 was approximately breakeven versus negative
The Company improved its solid financial position and had cash and cash equivalents of
Financial Summary for the Six Months Ended November 30, 2024
- Net sales for the first six months of fiscal 2025 were
$103.2 million , an increase of6.7% , compared to net sales of$96.7 million during the first six months of fiscal 2024. Sales increased by$1.5 million or2.3% for PMT,$7.1 million or100.8% for GES and$0.6 million or10.5% for Healthcare offset by a decrease of$2.7 million or15.7% for Canvys. - Gross profit increased to
$31.8 million during the first six months of fiscal 2025, compared to$29.8 million during the first six months of fiscal 2024. As a percentage of net sales, gross margin was30.8% of net sales during the first six months of fiscal 2025, the same as during the first six months of fiscal 2024. - Operating expenses increased to
$32.1 million for the first six months of fiscal 2025, compared to$30.3 million for the first six months of fiscal 2024. The increase in operating expenses resulted primarily from higher employee compensation expenses. - Operating loss during the first six months of fiscal 2025 was
$0.4 million , compared to operating loss of$0.5 million during the first six months of fiscal 2024. - Other expense, for the first six months of fiscal 2025, including interest income and foreign exchange, was
$0.1 million , as compared to other expense of$0.1 million in the first six months of fiscal 2024. - The income tax benefit was
$0.2 million for the first six months of fiscal 2025 compared to an income tax benefit of$0.1 million during the first six months of fiscal 2024. - Net loss for the first six months of fiscal 2025 was
$0.2 million , versus a net loss of$0.6 million during the first six months of fiscal 2024. Net loss per common share (diluted) was$0.01 for the first six months of fiscal 2025 compared to$0.04 loss per common share (diluted) for the first six months of fiscal 2024.
CASH DIVIDEND DECLARED
The Board of Directors of Richardson Electronics declared a
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 Wednesday, January 8, 2025, at 9:00 a.m. Central Time, to discuss its second 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 January 9, 2025, 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. Approximately
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 | |||||||
| November 30, 2024 | June 1, 2024 | |||||||
| Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 26,635 | $ | 24,263 | ||||
| Accounts receivable, less allowance for credit losses of | 25,765 | 24,845 | ||||||
| Inventories, net | 110,687 | 110,149 | ||||||
| Prepaid expenses and other assets | 2,441 | 2,397 | ||||||
| Total current assets | 165,528 | 161,654 | ||||||
| Non-current assets: | ||||||||
| Property, plant and equipment, net | 20,166 | 20,681 | ||||||
| Intangible assets, net | 1,521 | 1,641 | ||||||
| Right of use lease assets | 2,321 | 2,760 | ||||||
| Deferred income tax assets | 5,566 | 5,500 | ||||||
| Other non-current assets | 123 | 209 | ||||||
| Total non-current assets | 29,697 | 30,791 | ||||||
| Total assets | $ | 195,225 | $ | 192,445 | ||||
| Liabilities | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 19,978 | $ | 15,458 | ||||
| Accrued liabilities | 15,633 | 15,404 | ||||||
| Lease liabilities current | 1,075 | 1,169 | ||||||
| Total current liabilities | 36,686 | 32,031 | ||||||
| Non-current liabilities: | ||||||||
| Deferred income tax liabilities | 75 | 90 | ||||||
| Lease liabilities non-current | 1,246 | 1,591 | ||||||
| Other non-current liabilities | 1,027 | 781 | ||||||
| Total non-current liabilities | 2,348 | 2,462 | ||||||
| Total liabilities | 39,034 | 34,493 | ||||||
| Stockholders’ Equity | ||||||||
| Common stock, | 618 | 613 | ||||||
| Class B common stock, convertible, | 102 | 102 | ||||||
| Preferred stock, | — | — | ||||||
| Additional paid-in-capital | 73,793 | 72,744 | ||||||
| Retained earnings | 82,026 | 83,729 | ||||||
| Accumulated other comprehensive (loss) income | (348 | ) | 764 | |||||
| Total stockholders' equity | 156,191 | 157,952 | ||||||
| Total liabilities and stockholders’ equity | $ | 195,225 | $ | 192,445 | ||||
| Richardson Electronics, Ltd. Unaudited Consolidated Statements of Comprehensive (Loss) Income (in thousands, except per share amounts) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| November 30, 2024 | December 2, 2023 | November 30, 2024 | December 2, 2023 | |||||||||||||
| Net sales | $ | 49,491 | $ | 44,130 | $ | 103,216 | $ | 96,711 | ||||||||
| Cost of sales, exclusive of depreciation and amortization | 34,165 | 31,588 | 71,464 | 66,905 | ||||||||||||
| Gross profit | 15,326 | 12,542 | 31,752 | 29,806 | ||||||||||||
| Selling, general and administrative expenses, inclusive of depreciation and amortization | 15,995 | 14,488 | 32,107 | 30,280 | ||||||||||||
| (Gain) loss on disposal of assets | (2 | ) | 70 | (4 | ) | 70 | ||||||||||
| Operating loss | (667 | ) | (2,016 | ) | (351 | ) | (544 | ) | ||||||||
| Other expense (income): | ||||||||||||||||
| Interest income | (45 | ) | (86 | ) | (103 | ) | (157 | ) | ||||||||
| Foreign exchange loss | 437 | 343 | 160 | 246 | ||||||||||||
| Other, net | (4 | ) | 18 | (1 | ) | 50 | ||||||||||
| Total other expense | 388 | 275 | 56 | 139 | ||||||||||||
| Loss before income taxes | (1,055 | ) | (2,291 | ) | (407 | ) | (683 | ) | ||||||||
| Income tax benefit | (304 | ) | (494 | ) | (246 | ) | (113 | ) | ||||||||
| Net loss | (751 | ) | (1,797 | ) | (161 | ) | (570 | ) | ||||||||
| Foreign currency translation (loss) gain, net of tax | (1,748 | ) | 631 | (1,112 | ) | 590 | ||||||||||
| Comprehensive (loss) income | $ | (2,499 | ) | $ | (1,166 | ) | $ | (1,273 | ) | $ | 20 | |||||
| Net loss per share: | ||||||||||||||||
| Common shares - Basic | $ | (0.05 | ) | $ | (0.13 | ) | $ | (0.01 | ) | $ | (0.04 | ) | ||||
| Class B common shares - Basic | (0.05 | ) | (0.12 | ) | (0.01 | ) | (0.04 | ) | ||||||||
| Common shares - Diluted | (0.05 | ) | (0.13 | ) | (0.01 | ) | (0.04 | ) | ||||||||
| Class B common shares - Diluted | (0.05 | ) | (0.12 | ) | (0.01 | ) | (0.04 | ) | ||||||||
| Weighted average number of shares: | ||||||||||||||||
| Common shares – Basic | 12,315 | 12,226 | 12,258 | 12,198 | ||||||||||||
| Class B common shares – Basic | 2,049 | 2,052 | 2,049 | 2,052 | ||||||||||||
| Common shares – Diluted | 12,315 | 12,226 | 12,258 | 12,198 | ||||||||||||
| Class B common shares – Diluted | 2,049 | 2,052 | 2,049 | 2,052 | ||||||||||||
| Richardson Electronics, Ltd. Unaudited Consolidated Statements of Cash Flows (in thousands) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| November 30, 2024 | December 2, 2023 | November 30, 2024 | December 2, 2023 | |||||||||||||
| Operating activities: | ||||||||||||||||
| Net loss | $ | (751 | ) | $ | (1,797 | ) | $ | (161 | ) | $ | (570 | ) | ||||
| Adjustments to reconcile net loss to cash provided by operating activities: | ||||||||||||||||
| Unrealized foreign currency loss (gain) | 141 | (268 | ) | (241 | ) | (305 | ) | |||||||||
| Depreciation and amortization | 1,015 | 1,116 | 2,059 | 2,114 | ||||||||||||
| Inventory provisions | 84 | 192 | 223 | 277 | ||||||||||||
| Share-based compensation expense | 313 | 283 | 906 | 766 | ||||||||||||
| (Gain) loss on disposal of assets | (2 | ) | 70 | (4 | ) | 70 | ||||||||||
| Deferred income taxes | (21 | ) | 51 | (79 | ) | 46 | ||||||||||
| Change in assets and liabilities: | ||||||||||||||||
| Accounts receivable | 4,721 | 1,790 | (1,137 | ) | 6,252 | |||||||||||
| Inventories | (1,617 | ) | (3,069 | ) | (1,741 | ) | (6,220 | ) | ||||||||
| Prepaid expenses and other assets | 67 | (618 | ) | 38 | (209 | ) | ||||||||||
| Accounts payable | 500 | 1,233 | 4,664 | (1,132 | ) | |||||||||||
| Accrued liabilities | 641 | 1,502 | 546 | 378 | ||||||||||||
| Other | 374 | 315 | 804 | 348 | ||||||||||||
| Net cash provided by operating activities | 5,465 | 800 | 5,877 | 1,815 | ||||||||||||
| Investing activities: | ||||||||||||||||
| Capital expenditures | (517 | ) | (1,515 | ) | (1,443 | ) | (2,656 | ) | ||||||||
| Proceeds from sale of property, plant & equipment | — | — | 7 | — | ||||||||||||
| Net cash used in investing activities | (517 | ) | (1,515 | ) | (1,436 | ) | (2,656 | ) | ||||||||
| Financing activities: | ||||||||||||||||
| Proceeds from issuance of common stock | 163 | 15 | 307 | 342 | ||||||||||||
| Cash dividends paid on common and Class B common stock | (853 | ) | (845 | ) | (1,703 | ) | (1,688 | ) | ||||||||
| Proceeds from revolving credit facility | — | — | 1,000 | — | ||||||||||||
| Repayment of revolving credit facility | — | — | (1,000 | ) | — | |||||||||||
| Other | 3 | — | (159 | ) | (119 | ) | ||||||||||
| Net cash used in financing activities | (687 | ) | (830 | ) | (1,555 | ) | (1,465 | ) | ||||||||
| Effect of exchange rate changes on cash and cash equivalents | (661 | ) | 190 | (514 | ) | 94 | ||||||||||
| Increase (decrease) in cash and cash equivalents | 3,600 | (1,355 | ) | 2,372 | (2,212 | ) | ||||||||||
| Cash and cash equivalents at beginning of period | 23,035 | 24,124 | 24,263 | 24,981 | ||||||||||||
| Cash and cash equivalents at end of period | $ | 26,635 | $ | 22,769 | $ | 26,635 | $ | 22,769 | ||||||||
| Richardson Electronics, Ltd. Unaudited Net Sales and Gross Profit For the Second Quarter and First Six Months of Fiscal 2025 and 2024 ($ in thousands) | ||||||||||||
| By Strategic Business Unit | ||||||||||||
| Net Sales | ||||||||||||
| Three Months Ended | FY25 vs. FY24 | |||||||||||
| November 30, 2024 | December 2, 2023 | % Change | ||||||||||
| PMT | $ | 34,397 | $ | 31,292 | 9.9 | % | ||||||
| GES | 5,974 | 2,609 | 129.0 | % | ||||||||
| Canvys | 6,851 | 7,291 | -6.0 | % | ||||||||
| Healthcare | 2,269 | 2,938 | -22.8 | % | ||||||||
| Total | $ | 49,491 | $ | 44,130 | 12.1 | % | ||||||
| Six Months Ended | FY25 vs. FY24 | |||||||||||
| November 30, 2024 | December 2, 2023 | % Change | ||||||||||
| PMT | $ | 68,599 | $ | 67,036 | 2.3 | % | ||||||
| GES | 14,060 | 7,003 | 100.8 | % | ||||||||
| Canvys | 14,489 | 17,180 | -15.7 | % | ||||||||
| Healthcare | 6,068 | 5,492 | 10.5 | % | ||||||||
| Total | $ | 103,216 | $ | 96,711 | 6.7 | % | ||||||
| Gross Profit | ||||||||||||||||
| Three Months Ended | ||||||||||||||||
| November 30, 2024 | % of Net Sales | December 2, 2023 | % of Net Sales | |||||||||||||
| PMT | $ | 10,430 | 30.3 | % | $ | 8,905 | 28.5 | % | ||||||||
| GES | 1,914 | 32.0 | % | 761 | 29.2 | % | ||||||||||
| Canvys | 2,171 | 31.7 | % | 2,440 | 33.5 | % | ||||||||||
| Healthcare | 811 | 35.7 | % | 436 | 14.8 | % | ||||||||||
| Total | $ | 15,326 | 31.0 | % | $ | 12,542 | 28.4 | % | ||||||||
| Six Months Ended | ||||||||||||||||
| November 30, 2024 | % of Net Sales | December 2, 2023 | % of Net Sales | |||||||||||||
| PMT | $ | 20,632 | 30.1 | % | $ | 20,416 | 30.5 | % | ||||||||
| GES | 4,288 | 30.5 | % | 2,341 | 33.4 | % | ||||||||||
| Canvys | 4,792 | 33.1 | % | 5,805 | 33.8 | % | ||||||||||
| Healthcare | 2,040 | 33.6 | % | 1,244 | 22.7 | % | ||||||||||
| Total | $ | 31,752 | 30.8 | % | $ | 29,806 | 30.8 | % | ||||||||
| Richardson Electronics, Ltd. Unaudited Reconciliation Between GAAP and Non-GAAP Financial Measures For the Second Quarter and First Six months of Fiscal 2025 and 2024 ($ in thousands) | ||||||||
| EBITDA | ||||||||
| Three Months Ended | ||||||||
| November 30, 2024 | December 2, 2023 | |||||||
| Net loss | $ | (751 | ) | $ | (1,797 | ) | ||
| Income tax benefit | (304 | ) | (494 | ) | ||||
| Depreciation & amortization | 1,015 | 1,116 | ||||||
| EBITDA | $ | (40 | ) | $ | (1,175 | ) | ||
| Six Months Ended | ||||||||
| November 30, 2024 | December 2, 2023 | |||||||
| Net loss | $ | (161 | ) | $ | (570 | ) | ||
| Income tax benefit | (246 | ) | (113 | ) | ||||
| Depreciation & amortization | 2,059 | 2,114 | ||||||
| EBITDA | $ | 1,652 | $ | 1,431 | ||||
| For Details Contact: | 40W267 Keslinger Road | |
| Edward J. Richardson | Robert J. Ben | PO BOX 393 |
| Chairman and CEO | EVP & CFO | LaFox, IL 60147-0393 USA |
| Phone: (630) 208-2320 | (630) 208-2203 | (630) 208-2200 | Fax: (630) 208-2550 |
FAQ
What was Richardson Electronics (RELL) Q2 FY25 revenue growth?
How much did RELL's Green Energy Solutions (GES) segment grow in Q2 FY25?
What is RELL's current backlog as of Q2 FY25?
What dividend did RELL declare for Q2 FY25?
What was RELL's cash position at the end of Q2 FY25?
