Richardson Electronics Q4 net sales $61.6M up 22%; FY net income $17.9M; declares $0.06 dividend

RICHARDSON ELECTRONICS, LTD.

Q4 net sales $61.6M (+22.1% YoY); diluted EPS $0.59 (adjusted $0.31 excluding tax benefit).
Full-year net sales $224.6M (+26.9%); net income $17.9M (adj. $13.9M); diluted EPS $1.31 (adj. $1.02).
Backlog reached $206.2M, up from $175.6M Q3 and $110.0M year ago.
Gross margin Q4 32.7% vs 32.4% prior year; full-year 31.9% vs 33.2%.
Declared $0.06 quarterly dividend payable Aug 24 to holders of record Aug 5.

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