secwatch.observer — SEC 8-K summary
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Issuer:     RICHARDSON ELECTRONICS, LTD. (RELL)
CIK:        0000355948
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0000950170-23-033532
Event type: earnings
Sentiment:  neutral
Materiality: 0.68
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355948/000095017023033532/0000950170-23-033532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355948/000095017023033532/rell-20230719.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-033532

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