secwatch / observer

RICHARDSON ELECTRONICS, LTD. — fact timeline

Source-grounded facts extracted from RICHARDSON ELECTRONICS, LTD.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

RELL RICHARDSON ELECTRONICS, LTD. JSON
Earnings Releases

RICHARDSON ELECTRONICS, LTD. reported third quarter ended February 28, 2026 results: revenue $55.5 million, net income $0.9 million, EPS $0.07 per diluted share.

“to drive continued growth and deliver long-term value for our shareholders,” Mr. Richardson concluded. Third Quarter Results Net sales for the third quarter of fiscal 2026 were $55.5 million, a 3.1% increase from $53.8 million in the prior year’s third quarter. When excluding Healthcare, net sales increased 6.0% year-over-year. Year-over-year net sales growth was due”
Earnings Releases

RICHARDSON ELECTRONICS, LTD. reported third quarter ended March 2, 2024 results: revenue $52.4 million, net income $0.8 million, EPS $0.05 per diluted share.

“Net sales for the third quarter of fiscal 2024 decreased 25.6% to $52.4 million compared to net sales of $70.4 million in the prior year’s third quarter”
Earnings Releases

RICHARDSON ELECTRONICS, LTD. reported second quarter ended December 2, 2023 results: revenue $44.1 million, net income $1.8 million, EPS $0.13.

“flow, and prudently managing working capital requirements,” concluded Mr. Richardson. Second Quarter Results Net sales for the second quarter of fiscal 2024 decreased 33.0% to $44.1 million compared to net sales of $65.9 million in the prior year’s second quarter due to lower net sales in PMT, GES and Canvys. PMT sales decreased $9.3 million or 22.9% from last”
Earnings Releases

RICHARDSON ELECTRONICS, LTD. reported first quarter ended September 2, 2023 results: revenue $52.6 million, net income $1.2 million, EPS $0.09.

“(630) 208-2200 | Fax: (630) 208-2550 RICHARDSON ELECTRONICS REPORTS FIRST QUARTER FISCAL 2024 AND DECLARES QUARTERLY CASH DIVIDEND First Quarter Highlights • Net sales of $52.6 million were down $15.0 million, or 22.2% from last year’s first quarter primarily due to a near-term reduction in sales to semiconductor wafer fab customers, and a timing-related”
Earnings Releases

RICHARDSON ELECTRONICS, LTD. reported financial results for the fourth quarter and year ended May 27, 2023.

“On July 19, 2023, Richardson Electronics, Ltd. (the “Company”) issued a press release announcing earnings results for the fourth quarter and year ended May 27, 2023.”
Earnings Releases

RICHARDSON ELECTRONICS, LTD. reported the third quarter ended February 25, 2023 results: revenue $70.4 million, net income $6.3 million, EPS $0.44.

“FISCAL 2023; DECLARES QUARTERLY CASH DIVIDEND Green Energy Solutions sales increase 103% over Q3 FY22; total net sales increase 27.2% Third Quarter Highlights • Net sales of $70.4 million were up 27.2% from last year’s third quarter driven by increases in Power and Microwave Technologies (“PMT”), Green Energy Solutions (“GES”) and Canvys business units. • Backlog”
Debt Financings

RICHARDSON ELECTRONICS, LTD. incurred revolving credit of $30,000,000 with PNC Bank, N.A. at Term SOFR Rate plus 1.25% maturing three years from the Closing Date.

“On March 20, 2023 (the “Closing Date”), Richardson Electronics, Ltd., a Delaware corporation (the “Company”), and certain subsidiaries of the Company (collectively, the “Guarantors”) entered into a Credit Agreement (the “Credit Agreement”) among the Company, the Guarantors party thereto, the Lenders party thereto, and PNC Bank, N.A., as Administrative Agent, Swingline Loan Lender and Issuing Lender thereunder. The Credit Agreement provides for a three (3)-year, senior secured revolving credit facility in an aggregate principal amount not to exceed $30,000,000, including a Swingline Loan subfacility and Letter of Credit subfacility (collectively, the “Revolving Credit Facility”).”
Material Agreements

RICHARDSON ELECTRONICS, LTD. entered into Credit Agreement with PNC Bank, N.A. and the Lenders party thereto valued at $30,000,000 (effective 2023-03-20).

“On March 20, 2023 (the “Closing Date”), Richardson Electronics, Ltd., a Delaware corporation (the “Company”), and certain subsidiaries of the Company (collectively, the “Guarantors”) entered into a Credit Agreement (the “Credit Agreement”) among the Company, the Guarantors party thereto, the Lenders party thereto, and PNC Bank, N.A., as Administrative Agent, Swingline Loan Lender and Issuing Lender thereunder. The Credit Agreement provides for a three (3)-year, senior secured revolving credit facility in an aggregate principal amount not to exceed $30,000,000, including a Swingline Loan subfacility and Letter of Credit subfacility (collectively, the “Revolving Credit Facility”).”
Earnings Releases

RICHARDSON ELECTRONICS, LTD. reported third quarter ended February 25, 2023 results: revenue exceed $70 million.

“(630) 208-2320 (630) 208-2203 (630) 208-2200 | Fax: (630) 208-2550 RICHARDSON ELECTRONICS PROVIDES FY23 Q3 BUSINESS UPDATE • Preliminary FY23 Q3 net sales estimated to exceed $70 million, an increase of 27% over the prior year third quarter, subject to final review • Preliminary backlog is estimated to be $175.1 million • Preliminary operating income is estimated”
Earnings Releases

RICHARDSON ELECTRONICS, LTD. reported the second quarter ended November 26, 2022 results: revenue $65.9 million, net income $5.5 million, EPS $0.39.

“Second Quarter Results Net sales for the second quarter of fiscal 2023 increased 22.1% to $65.9 million compared to net sales of $54.0 million in the prior year’s second quarter due to higher net sales in PMT, GES and Canvys, partially offset by slightly lower sales for Healthcare. PMT sales increased $3.8 million or 10.2% from last year’s second quarter. Sales of manufactured products for our semiconductor wafer fabrication equipment customers and distributed products for RF and Microwave applications increased from the second quarter of fiscal 2022. Net sales for GES increased $7.4 million or 150.3% from last year’s second quarter. GES combines our key technology partners and engineered solutions capabilities, to design and manufacture products for the fast-growing green energy market and power management applications. Canvys sales increased by $0.9 million or 10.2% primarily due to strong customer demand in North America. Richardson Healthcare sales decreased $0.2 million or 4.7% du”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.