Richardson Electronics (RELL) Reports Q4 Loss of $0.01/Share
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Richardson Electronics Reports Improved Fourth Quarter Fiscal 2016 Results and Declares Quarterly Cash Dividend
July 20, 2016 4:44 PM EDTLAFOX, Ill.--(BUSINESS WIRE)-- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its fourth quarter and fiscal year ended May 28, 2016. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend.
Fourth Quarter Results
Net sales for the fourth quarter of fiscal 2016 were $39.6 million, a 13.2% increase, compared to net sales of $35.0 million in the prior year. Sales increased $3.9 million for PMT and $1.6 million for Healthcare, which includes net sales for International Medical Equipment Systems (IMES), acquired early this fiscal year. The... More
