Richardson Electronics Q1 sales up 2.2% YoY; net income falls to $0.6M, dividend declared

RICHARDSON ELECTRONICS, LTD.

Q1 FY25 net sales $53.7M, up 2.2% YoY; first YoY increase since Q3 FY23.
Net income $0.6M ($0.04 diluted EPS) vs $1.2M ($0.09) YoY; operating income $0.3M from $1.5M.
GES segment sales surged 84% ($3.7M) on battery modules; Healthcare up 48.7% ($1.2M).
Backlog $137.4M; cash $23.0M, no debt. Management expects FY25 sales growth and higher profitability.
Quarterly dividend $0.06/common, payable Nov 27, record Nov 8.

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