Richardson Electronics (RELL) Declares $0.06 Quarterly Dividend; 5.1% Yield
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Richardson Electronics Reports Second Quarter Fiscal 2021 Net Income and Declares Quarterly Cash Dividend
January 6, 2021 5:00 PM ESTQ2 and FY21 Highlights
Net sales of $42.4 million were up 7% from last years pre-COVID second quarter.Sales increased for PMG, Healthcare, and Semiconductor Wafer Fabrication equipment products in the second quarter of fiscal 2021 versus the second quarter of fiscal 2020.Gross margin improved to 33.8% of net sales for the second quarter of fiscal 2021 versus 32.0% of net sales in the prior years second quarter.Operating expenses increased $0.3 million to $13.5 million compared to the prior... More