Richardson Electronics prelim Q3 sales >$70M (+27%), operating income up 110% to $7.6M

RICHARDSON ELECTRONICS, LTD.

Preliminary FY23 Q3 net sales exceed $70M, a 27% YoY increase; backlog at $175.1M, down from $192.6M in Q2.
Operating income estimated at $7.6M (10.8% of sales), up 110% from $3.6M (6.6%) in prior-year quarter.
Growth driven by Green Energy Solutions, Power & Microwave, and Canvys; strong semiconductor wafer fab equipment demand.
Green Energy Solutions backlog rose 87.2% YoY and 3.4% sequentially; overall backlog decline due to lower semiconductor orders.
Full Q3 results expected April 5, 2023; preliminary estimates subject to final review.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RICHARDSON ELECTRONICS, LTD. reported third quarter ended February 25, 2023 results: revenue exceed $70 million.

Period: third quarter ended February 25, 2023
Revenue: exceed $70 million
Result: preliminary results

Exact text from the filing

(630) 208-2320 (630) 208-2203 (630) 208-2200 | Fax: (630) 208-2550 RICHARDSON ELECTRONICS PROVIDES FY23 Q3 BUSINESS UPDATE • Preliminary FY23 Q3 net sales estimated to exceed $70 million, an increase of 27% over the prior year third quarter, subject to final review • Preliminary backlog is estimated to be $175.1 million • Preliminary operating income is estimated

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accession 0000950170-23-008854

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