Richardson Electronics Q3 2021 Earnings Report
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.
Richardson Electronics
Richardson Electronics
Richardson Electronics 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