Richardson Electronics Q4 net income $1.9M, EPS $0.14; declares $0.06 dividend

RICHARDSON ELECTRONICS, LTD.

Q4 net sales $50.5M (+35.1% YoY); net income $1.9M vs loss $1.3M; diluted EPS $0.14.
FY2021 net sales $176.9M (+13.5%); net income $1.7M; Non-GAAP net income $3.3M; Non-GAAP diluted EPS $0.25.
Gross margin improved to 32.4% (Q4) from 30.4%; Healthcare margin turned positive to 29.4% from -28.6%.
Board declared $0.06 per share quarterly cash dividend; cash and investments $43.3M as of May 29, 2021.

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