secwatch.observer — SEC 8-K summary
======================================

Issuer:     RICHARDSON ELECTRONICS, LTD. (RELL)
CIK:        0000355948
Form:       8-K
Filed at:   2022-10-05T23:59:59+00:00
Accession:  0001564590-22-033601
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richardson Electronics Q1 net income $6.3M, EPS $0.45; sales +25.8% to $67.6M
-----------------------------------------------------------------------------

- Net sales $67.6M, up 25.8% YoY; operating income $8.8M vs $2.8M prior year.
- Diluted EPS $0.45 vs $0.20 prior year; gross margin improved to 34.1% from 30.3%.
- Backlog $199.2M; new Green Energy Solutions segment sales up 230.7% to $5.9M.
- Board declared $0.06/share quarterly cash dividend payable Nov 23 to holders of record Nov 4.
- Cash and investments $35.6M; ninth consecutive quarter of sequential revenue growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355948/000156459022033601/0001564590-22-033601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355948/000156459022033601/rell-8k_20221005.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-033601

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer