Richardson Electronics Earnings Reports

Richardson Electronics saw a year-over-year increase in revenue and non-GAAP operating income in Q3 2025, despite a GAAP net loss due to a one-time charge from the sale of its Healthcare business. The company emphasized growth in semiconductor-related sales and improved margins in core segments.

Richardson Electronics reported a 12.1% increase in net sales for Q2 FY25, driven by strong growth in the Green Energy Solutions (GES) and Power and Microwave Technologies Group (PMT) segments. The company ended the quarter with a solid financial position, including $26.6 million in cash and cash equivalents and no debt. Management expects continued sales growth and higher profitability for FY25.

Richardson Electronics reported a 2.2% increase in net sales for Q1 FY25, driven by growth in GES and Healthcare, and declared a quarterly cash dividend of $0.06 per share. The company ended the quarter with $23.0 million in cash and no debt.

Richardson Electronics reported a decrease in net sales for the fourth quarter of fiscal 2024, driven by lower sales in PMT, GES, and Canvys, despite an increase in Richardson Healthcare sales. The company experienced an operating loss of $0.1 million, compared to an operating income of $1.4 million in the prior year's fourth quarter. However, the gross margin improved by 320 basis points year-over-year, and the company generated $7.2 million in operating cash flow, ending the year with $24.3 million in cash and cash equivalents and no debt.

Richardson Electronics reported a decrease in net sales by 25.6% to $52.4 million compared to the prior year's third quarter. However, sales increased 18.7% sequentially. The company reported a net income of $0.8 million, or $0.05 per diluted share, and declared a quarterly cash dividend of $0.06 per share.

Richardson Electronics reported a 33.0% decrease in net sales to $44.1 million for the second quarter of fiscal 2024, compared to $65.9 million in the prior year's second quarter. The company experienced an operating loss of $2.0 million, compared to an operating income of $7.2 million in the prior year's second quarter. Net loss for the quarter was $1.8 million, compared to a net income of $5.5 million in the same quarter last year.

Richardson Electronics reported a decrease in net sales by 22.2% to $52.6 million compared to the previous year's first quarter, primarily due to reduced sales in the PMT, GES, Canvys, and Healthcare sectors. The company's operating income also decreased to $1.5 million from $8.8 million in the same quarter last year. Earnings per share (diluted) were $0.09, down from $0.45 in the first quarter of fiscal year 2023.

Richardson Electronics reported a 4.5% decrease in net sales and a decrease in operating income for the fourth quarter of fiscal 2023. The decline in sales was driven by decreases in the PMT, Canvys and Healthcare business units, partially offset by an increase in sales for GES. Fiscal 2023 was one of the best years in the company's history, with operating income increasing year-over-year by nearly 57%, on a 16.9% increase in net sales.

Richardson Electronics reported a 27.2% increase in net sales to $70.4 million for the third quarter of fiscal 2023, driven by growth in PMT, GES, and Canvys business units. Operating income increased by 110% year-over-year, and earnings per share (diluted) rose to $0.44, compared to $0.21 in the prior year's third quarter.

Richardson Electronics reported a strong second quarter in fiscal year 2023, with net sales up by 22.1% compared to the previous year, driven by increases in PMT, GES, and Canvys business units. The company's net income increased to $5.5 million, and earnings per share (diluted) rose to $0.39. The company also declared a quarterly cash dividend of $0.06 per share.

Richardson Electronics reported a strong start to fiscal 2023 with ninth consecutive quarter of sequential revenue growth. Net sales increased by 25.8% to $67.6 million, and net income was $6.3 million. The company also declared a quarterly cash dividend of $0.06 per share.

Richardson Electronics reported a strong fourth quarter in fiscal year 2022, with net sales up 22.1% to $61.6 million and net income of $8.3 million, driven by growth in all three business units. The company's backlog increased to $206.2 million, and earnings per share (diluted) were $0.59. The Board of Directors declared a $0.06 per share quarterly cash dividend.

Richardson Electronics reported a 22.3% increase in net sales to $55.3 million for the third quarter of fiscal 2022, driven by growth in all three business units. Net income increased to $2.9 million, or $0.21 per diluted share, compared to $0.2 million, or $0.02 per diluted share, in the prior year's third quarter. The company's backlog also increased to $175.6 million.

Richardson Electronics reported a strong second quarter with net sales up 27.3% to $54.0 million compared to the previous year's second quarter. Net income was $4.1 million, and earnings per share (diluted) were $0.30. The company's backlog increased to $146.9 million.

Richardson Electronics reported a strong start to fiscal year 2022, achieving the highest level of quarterly sales in 11 years and the best quarterly earnings per share in nine years. Net sales increased by 38.4% compared to the prior year's first quarter, driven by higher sales across all three business units.

Richardson Electronics reported a strong fourth quarter in fiscal year 2021, with net sales increasing by 35.1% to $50.5 million compared to the prior year's fourth quarter. The company's net income for the quarter was $1.9 million, a significant improvement from the net loss of $1.3 million in the same quarter of the previous year.

Richardson Electronics reported an 18.3% increase in net sales to $45.2 million compared to the prior year's third quarter. The company's net income was $0.2 million, with a non-GAAP net income of $1.8 million. Sales increased for Healthcare, PMG and Semiconductor Wafer Fabrication Equipment products.

Richardson Electronics reported a 7% increase in net sales to $42.4 million for the second quarter of fiscal 2021 compared to $39.6 million in the prior year's second quarter. The company achieved net income of $0.7 million, a significant improvement from the net loss of $0.6 million in the same quarter of the previous year. Earnings per common share (diluted) for the quarter was $0.05.

Richardson Electronics' net sales for the first quarter of fiscal 2021 decreased 4.5% to $38.8 million compared to $40.7 million in the prior year's first quarter, primarily due to the impact on demand from COVID-19. The company reported an operating loss of $0.6 million compared to an operating income of $0.1 million in the prior year’s first quarter. Net loss for the first quarter of fiscal 2021 was $1.1 million compared to a net income of $0.2 million in the first quarter of fiscal 2020.

Richardson Electronics reported a decrease in net sales for the fourth quarter of fiscal 2020 by 11.4% to $37.4 million compared to the prior year's fourth quarter, primarily due to the COVID-19 impact. However, gross margin increased to 30.4% due to an improved product mix and manufacturing efficiencies. The company reported an operating loss of $1.3 million compared to an operating loss of $6.4 million in the prior year's fourth quarter, which included a non-cash goodwill impairment.

Richardson Electronics reported a decrease in net sales by 2.0% to $38.2 million compared to the prior year's third quarter. However, Canvys sales increased by 3.5%, and Healthcare CT tube revenues increased by 134.7%. The company reported an operating income of $11,000, a significant improvement compared to the operating loss of $0.8 million in the same quarter last year.

Richardson Electronics reported a 4.1% decrease in net sales, totaling $39.6 million, compared to the prior year's second quarter. This decline was primarily due to economic softness in the PMT power grid tube business and a slow ramp-up in sales in the semiconductor wafer fab equipment business, as well as decreased Healthcare sales in Latin America. However, Canvys sales increased by 20.9%, and Healthcare CT tube sales were up by 11.9%. Gross margin increased to 32.0% of net sales, and the company reported an operating loss of $0.5 million, consistent with the previous year.