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May 29, 2021
Richardson Electronics Q4 2021 Earnings Report
Reported fourth quarter fiscal 2021 net income with increased net sales and improved gross margin.
Key Takeaways
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.
Net sales increased by 35.1% compared to the prior year's fourth quarter, reaching $50.5 million.
Gross margin improved to 32.4% of net sales, up from 30.4% in the prior year's fourth quarter.
Operating income was $2.3 million, a turnaround from the operating loss of $1.3 million in the prior year's fourth quarter.
Earnings per common share (diluted) were $0.14 for the fourth quarter of fiscal 2021.
Revenue by Segment
Forward Guidance
The company is excited about the outlook for all of its businesses in fiscal year 2022.
Positive Outlook
- Strong sales growth in all strategic business units.
- Highest quarterly financial performance in nearly 10 years.
- Excitement about the outlook for all businesses in fiscal year 2022.
- Focus on patent pending ultracapacitor modules for wind turbines.
- Development of related LED battery replacements.
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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