Richardson Electronics Ltd

NASDAQ:RELLUnited States

Oct 9, 2024

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• Richardson Fiscal Q1 EPS Slips, Net Sales Grow, from 5:10PM ET on Wednesday Oct 09, 2024 by MT Newswires

  5:10PM ET on Wednesday Oct 09, 2024 by MT Newswires
  Companies Mentioned: RELL
  05:10 PM EDT, 10/09/2024 (MT Newswires) -- Richardson Electronics (RELL) late Wednesday reported fiscal Q1 net income of $0.04 per diluted share, down from $0.09 a year earlier. Two analysts polled by Capital IQ expected a net loss of $0.01. Net sal...

• -- Earnings Flash (RELL) RICHARDSON ELECTRONICS Posts Q1 Revenue $53.7M, vs. Street Est of $49.4M, from 4:17PM ET on Wednesday Oct 09, 2024 by MT Newswires

  4:17PM ET on Wednesday Oct 09, 2024 by MT Newswires
  Companies Mentioned: RELL
  04:17 PM EDT, 10/09/2024 (MT Newswires) -- ...

• Richardson Electronics Reports First Quarter Results; Declares Quarterly Cash Dividend, from 4:15PM ET on Wednesday Oct 09, 2024 by Dow Jones

  4:15PM ET on Wednesday Oct 09, 2024 by Dow Jones
  Companies Mentioned: RELL
  --- ------------ --- -------------- Net cash provided by operating activities 412 1,015 --- ------------ --- -------------- Investing activities: Capital expenditures (926) (1,141) Proceeds from sale of property, plant & equipment 7 -- Net cash used in investing activities (919) (1,141) --- ------------ --- -------------- Financing activities: Proceeds from issuance of common stock 144 327 Cash dividends paid on common and Class B common stock (850) (843) Proceeds from revolving credit facility 1,000 -- Repayment of revolving credit facility (1,000) -- Other (162) (119) --- ------------ --- -------------- Net cash used in financing activities (868) (635) --- ------------ --- -------------- Effect of exchange rate changes on cash and cash equivalents 147 (96) --- ------------ --- -------------- Decrease in cash and cash equivalents (1,228) (857) Cash and cash equivalents at beginning of period 24,263 24,981 --- ------------ --- -------------- Cash and cash equivalents at end of period $ 23,035 $ 24,124 === ============ === ============== Richardson Electronics, Ltd. Unaudited Net Sales and Gross Profit For the First Quarter of Fiscal 2025 and 2024 ($ in thousands) By Strategic Business Unit Net Sales Three Months Ended ----------- ----------------------------------- FY25 vs. FY24 % August 31, 2024 September 2, 2023 Change ---------------- ----------------- PMT $ 34,202 $ 35,744 -4.3% GES 8,086 4,394 84.0% Canvys 7,638 9,889 -22.8% Healthcare 3,799 2,554 48.7% --- ----------- ---- ----------- Total $ 53,725 $ 52,581 2.2% === =========== ==== =========== Gross Profit Three Months Ended ----------- -------------------------------------------- % of % of August 31, Net September 2, Net 2024 Sales 2023 Sales ---------- ----- ------------- ------ PMT $ 10,202 29.8% $ 11,511 32.2% GES 2,374 29.4% 1,580 36.0% Canvys 2,621 34.3% 3,365 34.0% Healthcare 1,229 32.4% 808 31.6% ------ --------- Total $ 16,426 30.6% $ 17,264 32.8% ====== ========= Richardson Electronics, Ltd. Unaudited Reconciliation Between GAAP and Non-GAAP Financial Measures For the First Quarter of Fiscal 2025 and 2024 ($ in thousands) EBITDA Three Months Ended -------------------------------------- August 31, 2024 September 2, 2023 ----------------- ------------------- Net income $ 590 $ 1,227 Income tax expense 58 381 Depreciation & amortization 1,044 998 --- ------------ --- -------------- EBITDA $ 1,692 $ 2,606 === ============ === ============== For Details Contact: 40W267 Keslinger Road Edward J. Richardson Robert J. Ben PO BOX 393 Chairman and CEO EVP & CFO LaFox, IL 60147-0393 USA Phone: (630) 208-2320 (630) 208-2203 (630) 208-2200 | Fax: (630) 208-2550
  

• *DJ Richardson Electronics 1Q EPS 4c >RELL, from 4:15PM ET on Wednesday Oct 09, 2024 by Dow Jones

  4:15PM ET on Wednesday Oct 09, 2024 by Dow Jones
  Companies Mentioned: RELL