---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-011919"
form_type: "8-K"
ticker: "RELL"
cik: "0000355948"
company_name: "RICHARDSON ELECTRONICS, LTD."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T06:06:27.761546+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Richardson Electronics Q3 FY2023: EPS $0.44, revenue up 27%, GES sales +103%

## Summary
- Net sales $70.4M (+27.2% YoY); operating income $7.6M (+110% YoY); diluted EPS $0.44 vs $0.21.
- Green Energy Solutions sales surged 103% to $5.8M; PMT +22%, Canvys +19%, Healthcare -23.9%.
- Backlog $175.1M; cash and investments $24.6M; entered $30M revolving credit line with PNC Bank.
- Board declared $0.06 quarterly cash dividend, payable May 24, 2023 to holders of record May 5, 2023.
- Gross margin 31.8% flat YoY; operating expenses as % of sales improved to 21.0% from 25.2%.

## SEC filing metadata
- accession: 0000950170-23-011919
- form_type: 8-K
- ticker: RELL
- cik: 0000355948
- company_name: RICHARDSON ELECTRONICS, LTD.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355948/000095017023011919/0000950170-23-011919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355948/000095017023011919/rell-20230405.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-011919
- JSON: https://secwatch.observer/filing/0000950170-23-011919.json
- Plain text: https://secwatch.observer/filing/0000950170-23-011919.txt

## Key facts
- Earnings Releases
  RICHARDSON ELECTRONICS, LTD. reported the third quarter ended February 25, 2023 results: revenue $70.4 million, net income $6.3 million, EPS $0.44.
  - Period: the third quarter ended February 25, 2023
  - Revenue: $70.4 million
  - Net income: $6.3 million
  - EPS: $0.44
  - Result: reported results
  source text: FISCAL 2023; DECLARES QUARTERLY CASH DIVIDEND Green Energy Solutions sales increase 103% over Q3 FY22; total net sales increase 27.2% Third Quarter Highlights • Net sales of $70.4 million were up 27.2% from last year’s third quarter driven by increases in Power and Microwave Technologies (“PMT”), Green Energy Solutions (“GES”) and Canvys business units. • Backlog
  evidence_url: https://www.sec.gov/Archives/edgar/data/355948/000095017023011919/0000950170-23-011919-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.