secwatch.observer — SEC 8-K summary
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Issuer:     RICHARDSON ELECTRONICS, LTD. (RELL)
CIK:        0000355948
Form:       8-K
Filed at:   2024-04-10T23:59:59+00:00
Accession:  0000950170-24-043412
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richardson Electronics Q3 FY2024 net sales $52.4M, down 25.6% YoY; EPS $0.05 vs $0.44
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- Sales Q3 net sales $52.4M, down 25.6% YoY; sequential increase 18.7%.
- Net income $0.8M ($0.05 diluted EPS) vs $6.3M ($0.44) last year.
- Inventory decreased $4.0M sequentially; cash & investments $18.9M.
- Gross margin 29.5% (down from 31.8%); PMT sales fell $15.7M on wafer fab weakness.
- Board declares $0.06 quarterly dividend payable May 29, 2024, record May 10.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355948/000095017024043412/0000950170-24-043412-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355948/000095017024043412/rell-20240410.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-043412

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