Richardson Electronics Q2 net sales up 12.1% YoY; loss per share -$0.05 vs -$0.13; dividend $0.06

RICHARDSON ELECTRONICS, LTD.

Net sales $49.5M, up 12.1% YoY; GES sales surged 129% to $3.4M increase.
Net loss $0.8M, improved from $1.8M loss; diluted EPS -$0.05 vs -$0.13.
Cash and cash equivalents $26.6M, no debt; positive operating cash flow for third consecutive quarter.
Board declared $0.06 per share quarterly cash dividend, payable Feb 26, 2025 to holders of record Feb 7, 2025.
Management expects YoY sales growth and higher profitability for full fiscal year.

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