secwatch.observer — SEC 8-K summary
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Issuer:     RICHARDSON ELECTRONICS, LTD. (RELL)
CIK:        0000355948
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0000950170-23-011919
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355948/000095017023011919/0000950170-23-011919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355948/000095017023011919/rell-20230405.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-011919

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