earnings
confidence high
sentiment positive
materiality 0.75
Richardson Electronics Q2 revenue $54.0M, net income $4.1M, EPS $0.30; declares $0.06 dividend
RICHARDSON ELECTRONICS, LTD.
- Net sales increased 27.3% YoY to $54.0M; diluted EPS rose to $0.30 from $0.05.
- Operating income improved to $4.5M from $0.9M; gross margin decreased to 32.7% from 33.8%.
- Backlog grew to $146.9M from $126.5M sequentially; cash & investments $39.7M.
- Quarterly cash dividend of $0.06 per common share payable Feb 23, 2022, record Feb 4.