Richardson Electronics FY23 revenue up 16.9% to $262.7M; Q4 EPS $0.27; declares $0.06 dividend

RICHARDSON ELECTRONICS, LTD.

FY23 net sales $262.7M (+16.9% YoY); operating income $25.0M (+56.6%); diluted EPS $1.55 (GAAP), $1.39 non-GAAP.
Q4 net sales $58.8M (-4.5% YoY); operating income $1.4M vs $5.0M prior year; diluted EPS $0.27 (GAAP), $0.11 non-GAAP.
Green Energy Solutions net sales rose 61.7% in Q4 and 110.5% for FY; PMT sales fell 20.8% in Q4 on semiconductor fab weakness.
Backlog $160.4M at Q4 end vs $175.1M at Q3 end; GES growth expected to offset semi fab headwinds in FY24.
Quarterly cash dividend of $0.06 per share declared; payable Aug 24, 2023 to holders of record Aug 10, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RICHARDSON ELECTRONICS, LTD. reported financial results for the fourth quarter and year ended May 27, 2023.

Period: the fourth quarter and year ended May 27, 2023
Result: reported results

Exact text from the filing

On July 19, 2023, Richardson Electronics, Ltd. (the “Company”) issued a press release announcing earnings results for the fourth quarter and year ended May 27, 2023.

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Source: SEC EDGAR

accession 0000950170-23-033532

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