Loading...
•
Nov 28, 2020
Richardson Electronics Q2 2021 Earnings Report
Richardson Electronics reported second quarter fiscal 2021 net income, with semiconductor wafer fab, PMG, and healthcare revenues growing and record ALTA750 TM tube sales achieved.
Key Takeaways
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.
Net sales increased by 7% to $42.4 million compared to the previous year's second quarter.
Sales increased for PMG, Healthcare, and Semiconductor Wafer Fabrication equipment products versus Q2 FY20.
Gross margin improved to 33.8% of net sales compared to 32.0% in the prior year's second quarter.
Operating income was $0.9 million compared to an operating loss of $0.5 million in the prior year's second quarter.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...