secwatch.observer — SEC 8-K summary
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Issuer:     RICHARDSON ELECTRONICS, LTD. (RELL)
CIK:        0000355948
Form:       8-K
Filed at:   2022-04-06T23:59:59+00:00
Accession:  0001564590-22-013701
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richardson Electronics Q3 net income surges to $2.9M; EPS $0.21 vs $0.02; declares $0.06 dividend
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- Net sales up 22.3% YoY to $55.3M; all three business units (PMT, Canvys, Healthcare) grew.
- Backlog rose to $175.6M from $146.9M Q2 and $98.7M a year ago; seventh straight quarter of sequential revenue growth.
- Diluted EPS of $0.21 vs $0.02 in prior year; operating income improved to $3.6M from $0.3M.
- Dividend of $0.06 per common share declared, payable May 25, 2022 to holders of record May 6, 2022.
- Gross margin declined to 31.8% from 34.9% due to product mix and higher freight costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355948/000156459022013701/0001564590-22-013701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355948/000156459022013701/rell-8k_20220406.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-013701

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