Richardson Electronics reports preliminary Q4 net sales $60.5-$62.5M, up ~20-24% YoY; backlog hits $206.2M

RICHARDSON ELECTRONICS, LTD.

Preliminary Q4 FY2022 net sales expected $60.5M-$62.5M, up 19.9%-23.8% vs Q4 FY2021.
Full-year FY2022 net sales expected $222M-$226M, up 25.5%-27.7% from FY2021.
Total backlog increased to $206.2M from $175.6M at Q3 end and $110.0M a year ago.
CEO highlights eight consecutive quarters of sequential sales growth; Canvys had record Q4 sales.
Full Q4 and FY2022 results to be released on July 20, 2022.

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