secwatch.observer — SEC 8-K summary
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Issuer:     RICHARDSON ELECTRONICS, LTD. (RELL)
CIK:        0000355948
Form:       8-K
Filed at:   2024-10-09T23:59:59+00:00
Accession:  0000950170-24-113766
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355948/000095017024113766/0000950170-24-113766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355948/000095017024113766/rell-20241009.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-113766

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