secwatch.observer — SEC 8-K summary
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Issuer:     RICHARDSON ELECTRONICS, LTD. (RELL)
CIK:        0000355948
Form:       8-K
Filed at:   2023-01-04T23:59:59+00:00
Accession:  0000950170-23-000137
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richardson Electronics Q2 FY23 net income $5.5M, sales up 22.1%; declares $0.06 dividend
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- Net sales $65.9M (+22.1% YoY); net income $5.5M ($0.39 diluted EPS) vs $4.1M ($0.30) in Q2 FY22.
- Backlog $192.6M vs $146.9M a year ago; GES sales surged 150.3% YoY to $7.4M.
- Gross margin improved to 33.2% from 32.7%; operating income $7.2M vs $4.5M.
- Board declared $0.06 quarterly cash dividend, payable Feb 22, 2023 to holders of record Feb 3, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355948/000095017023000137/0000950170-23-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355948/000095017023000137/rell-20230104.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000137

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer