Richardson Electronics (RELL) Tops Q1 EPS by 21c

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Go back to Richardson Electronics (RELL) Tops Q1 EPS by 21c

Richardson Electronics Reports First Quarter Fiscal 2023 Net Income Of $6.3 Million Or 9.4% Of Sales; Declares Quarterly Cash Dividend

October 5, 2022 4:15 PM EDT

Ninth Consecutive Quarter of Sequential Revenue Growth; Introduces New Green Energy Reporting Segment

First Quarter Highlights

Net sales of $67.6 million were up 25.8% from last years first quarter with increases in all four business units including its new Green Energy Solutions business unit.Backlog totaled $199.2 million in the first quarter versus $206.2 million at the end of fiscal 2022 and $126.5 million at the end of the... More