RELL
Richardson Electronics, Ltd.11.00
+0.04+0.37%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
159.42MP/E (TTM)
1100.00Basic EPS (TTM)
0.01Dividend Yield
0.02%Recent Filings
10-Q
Q2 FY2026 results
Richardson Electronics posted Q2 FY2026 net sales of $52.3M, up 5.7% y/y, with gross margin dipping to 30.8% from 31.0% on product mix shifts; operating income flipped to $0.1M from a $0.7M loss, while YTD sales rose 3.6% y/y to $106.9M and operating income hit $1.1M versus a $0.4M loss. GES sales surged 39% y/y to $8.3M and Canvys jumped 28% to $8.8M, offsetting a 4% PMT dip after the Jan 2025 Healthcare asset sale to DirectMed with exclusive 10-year CT tube supply deal. Cash sits at $33.1M with $20M revolver undrawn through Oct 2028; operating cash flow generated $1.3M YTD, free cash flow not disclosed in the 10-Q. EPS reconciles via two-class method with anti-dilutive options excluded. Geopolitical tensions shadow supply chains.
8-K
Q2 sales up 5.7%, GES soars 39%
10-Q
Q1 FY2026 results
Richardson Electronics posted Q1 FY2026 net sales of $54.6M, up 1.6% y/y from $53.7M, with gross profit climbing to $16.9M (31.0% margin from 30.6%) on better product mix in PMT (up 2.8% to $39.1M) and Canvys (up 8.3% to $8.3M), offsetting GES softness (down 10.2%). Operating income tripled to $1.0M from $0.3M as SG&A dipped to $16.0M, while other income swelled to $1.4M including a $0.9M non-recurring gain; net income hit $1.9M or $0.13 diluted EPS (up from $0.04), confirmed against 12,544K diluted shares. Cash held steady at $35.7M with $1.4M operating cash flow less $1.0M capex yielding $0.4M FCF (derived); no revolver debt outstanding under $20M facility extended to Oct 2028. PMT dominates at 72% of sales. Geopolitical tensions could disrupt global supply chains.
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.
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