---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-003645"
form_type: "8-K"
ticker: "RELL"
cik: "0000355948"
company_name: "RICHARDSON ELECTRONICS, LTD."
filed_at: "2024-01-10T23:59:59+00:00"
generated_at: "2026-06-07T01:07:46.484637+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Richardson Electronics Q2 net loss $1.8M on 33% sales drop; declares $0.06 dividend

## Summary
- Net loss of $1.8M ($0.13 diluted loss) vs net income of $5.5M ($0.39 diluted EPS) in Q2 last year.
- Net sales fell 33% to $44.1M, driven by declines in PMT (-22.9%), GES, and Canvys.
- Gross margin contracted to 28.4% from 33.2% on product mix and manufacturing under-absorption.
- Backlog increased 2% sequentially; management expects sequential revenue growth in H2.
- Declared $0.06 quarterly cash dividend, payable Feb 28, 2024 to holders of record Feb 9.

## SEC filing metadata
- accession: 0000950170-24-003645
- form_type: 8-K
- ticker: RELL
- cik: 0000355948
- company_name: RICHARDSON ELECTRONICS, LTD.
- filed_at: 2024-01-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/355948/000095017024003645/0000950170-24-003645-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355948/000095017024003645/rell-20240110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-003645
- JSON: https://secwatch.observer/filing/0000950170-24-003645.json
- Plain text: https://secwatch.observer/filing/0000950170-24-003645.txt

## Key facts
- Earnings Releases
  RICHARDSON ELECTRONICS, LTD. reported second quarter ended December 2, 2023 results: revenue $44.1 million, net income $1.8 million, EPS $0.13.
  - Period: second quarter ended December 2, 2023
  - Revenue: $44.1 million
  - Net income: $1.8 million
  - EPS: $0.13
  - Result: reported results
  source text: flow, and prudently managing working capital requirements,” concluded Mr. Richardson. Second Quarter Results Net sales for the second quarter of fiscal 2024 decreased 33.0% to $44.1 million compared to net sales of $65.9 million in the prior year’s second quarter due to lower net sales in PMT, GES and Canvys. PMT sales decreased $9.3 million or 22.9% from last
  evidence_url: https://www.sec.gov/Archives/edgar/data/355948/000095017024003645/0000950170-24-003645-index.htm

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