Richardson Electronics, Ltd.
10.88+0.12 (+1.12%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · RELL · USD
Key Stats
Market Cap
157.68MP/E (TTM)
1088.00Basic EPS (TTM)
0.01Dividend Yield
0.02%Recent Filings
8-K
Q1 sales up, income triples
Richardson Electronics kicked off fiscal 2026 with Q1 net sales of $54.6 million, up 1.6% year-over-year, driven by a 52.2% surge in semiconductor wafer fab sales that boosted PMT segment growth to 2.8%. Excluding the prior Healthcare asset sale, sales rose 6.8%, while gross margins edged up to 31.0% on a richer product mix and cost controls, tripling operating income to $1.0 million. Backlog held steady at $134.7 million. The board declared a $0.06 per share quarterly dividend, payable November 26.
10-K
FY2025 results
Richardson Electronics posted FY2025 net sales of $208.9 million, up 6.3% year-over-year, with gross margins edging to 31.0% amid favorable product mixes in PMT and GES, though offset by Healthcare's asset sale to DirectMed in January 2025 that slashed its sales 23.1% and triggered a $5.1 million loss. PMT drove the gains, lifting 7.0% to $137.8 million on semiconductor and RF demand, while GES surged 23.6% to $28.7 million via green energy power management wins; Canvys edged up 2.2%, but Q4 momentum cooled with Healthcare's exit folding into PMT. Operating loss hit $2.5 million, yet cash swelled to $35.9 million after $8.0 million from the sale, funding $3.4 million dividends and $2.8 million capex. No outlook disclosed. Supply chain snarls from tariffs and geopolitics could stall quarterly rebounds.
8-K
Q4 sales up 9.5%, GES surges
Richardson Electronics reported Q4 FY25 net sales of $51.9 million, up 9.5% year-over-year, driven by 17.8% growth in PMT and 14.1% in GES, despite a $2.4 million sales hit from selling most Healthcare assets in January 2025. Gross margin expanded to 31.6%, yielding non-GAAP operating income of $0.8 million and positive cash flow for the fifth straight quarter. Fiscal 2025 sales rose 6.3% to $208.9 million, led by 23.6% GES gains, but a $5.1 million asset sale loss swung GAAP to a net loss. The board declared a $0.06 per share dividend, payable August 27.
10-Q
Q3 FY2025 results
Richardson Electronics posted Q3 FY2025 net sales of $53.8M, up 2.7% y/y, with gross margin expanding to 31.0% from 29.5% on stronger PMT and Canvys contributions, though GES dipped 19.4% from a prior large order. Operating loss hit $2.7M versus $1.0M income y/y, driven by a $4.9M Healthcare asset disposal loss after selling to DirectMed in January 2025 for $8.2M cash plus a 10-year supply deal. Diluted EPS fell to -$0.15 from $0.05, consistent with 12,333K shares and anti-dilutive options excluded. Cash climbed to $36.7M, bolstered by $10.5M operating cash flow and $5.0M free cash flow (derived), with $30M revolver fully available and no debt. Yet Healthcare's exit leaves supply chain dependencies exposed.
8-K
Q3 sales up, Healthcare sold
Richardson Electronics reported Q3 fiscal 2025 net sales of $53.8 million, up 2.7% year-over-year, driven by 139% surge in semiconductor wafer fab and 39.5% rise in Canvys, though offset by 19.4% drop in Green Energy Solutions. The sale of most Healthcare assets to DirectMed Imaging on January 24, 2025, triggered a $4.9 million loss, yet boosted cash to $36.7 million with no debt. Excluding the charge, non-GAAP operating income hit $2.2 million, up from $1.0 million last year. Balance sheet strengthened.
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