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Feb 27, 2021
Richardson Electronics Q3 2021 Earnings Report
Reported net income of $0.2 million and non-GAAP net income of $1.8 million for Q3 2021.
Key Takeaways
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.
Net sales increased by 18.3% to $45.2 million compared to the prior year's third quarter.
Healthcare, PMG and Semiconductor Wafer Fabrication Equipment products sales increased.
Gross margin improved to 34.9% due to a favorable product mix.
Earnings per common share (diluted) was $0.02 and Non-GAAP earnings per common share (diluted) was $0.14.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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