earnings
confidence high
sentiment positive
materiality 0.75
Richardson Electronics Q1 FY2027 sales rise 18.9% to $64.9M; EPS $0.27; declares $0.06 dividend
RICHARDSON ELECTRONICS, LTD.
- Net sales rose 18.9% YoY to $64.9M from $54.6M, with all three units growing: PMT +19.7%, GES +27.1%, Canvys +7.9%.
- Net income rose 112.6% to $4.1M; diluted EPS $0.27 vs $0.13; operating income $5.1M vs $1.0M; EBITDA $6.0M vs $3.3M.
- Gross margin was 34.6% vs 31.0%, aided by a 1.7% IEEPA Tariff Refund; PMT margin 35.4%, GES 32.6%, Canvys 33.0%.
- Backlog at Aug. 29, 2026 was $184.4M, up 36.9% YoY and 12.2% from $164.4M at FY2026 end; highest in more than three years.
- Board declared $0.06/share common and $0.054/share Class B quarterly dividends, payable Nov. 25, 2026 to common holders of record Nov. 6, 2026.