Richardson Electronics Ltd (RELL) Misses Q4 EPS by 4c

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Go back to Richardson Electronics Ltd (RELL) Misses Q4 EPS by 4c

Richardson Electronics Reports Fourth Quarter and Fiscal 2015 Results and Declares Quarterly Cash Dividend

July 22, 2015 4:49 PM EDT

LAFOX, Ill.--(BUSINESS WIRE)-- Richardson Electronics, Ltd. (NASDAQ: RELL), today reported sales and earnings for its fourth quarter and fiscal year ended May 30, 2015. The Company also announced that its Board of Directors declared a $.06 per share quarterly cash dividend.

Fiscal 2015 Results

Net sales for fiscal 2015 were $137.0 million, a slight decrease from net sales of $138.0 million in the prior year. Gross margin was $41.1 million, or 30.0% of net sales during fiscal 2015, compared to $41.0 million, or 29.7% of net sales during fiscal 2014.

Operating expenses were $49.2 million for fiscal 2015, compared to $43.5 for fiscal 2014.... More