Richardson Electronics Q1 2025 Earnings Report
Key Takeaways
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.
Net sales increased by 2.2% year-over-year, marking the first quarterly increase since Q3 FY23.
GES sales increased by 84% year-over-year due to new program wins and improving demand trends.
The company generated positive operating cash flow for the second consecutive quarter and maintains a strong balance sheet with $23.0 million in cash and no debt.
Management anticipates year-over-year sales growth and higher profitability for fiscal year 2025.
Richardson Electronics
Richardson Electronics
Richardson Electronics Revenue by Segment
Forward Guidance
Richardson Electronics expects year-over-year sales growth and higher profitability for the full fiscal year 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income