secwatch.observer — SEC 8-K summary
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Issuer:     RICHARDSON ELECTRONICS, LTD. (RELL)
CIK:        0000355948
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0000950170-23-052895
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richardson Electronics Q1 net sales down 22% to $52.6M; EPS $0.09
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- Net sales $52.6M, down 22.2% YoY; diluted EPS $0.09 vs $0.45.
- Operating income fell to $1.5M from $8.8M; gross margin 32.8% vs 34.1%.
- Sales drop driven by semiconductor wafer fab customers and wind turbine ultracapacitor modules.
- No debt; cash and investments $24.1M. Board declared $0.06 quarterly dividend payable Nov 29.
- Backlog $148.1M vs $160.4M at Q4 FY23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355948/000095017023052895/0000950170-23-052895-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355948/000095017023052895/rell-20231011.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-052895

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer