Richardson Electronics (RELL) Tops Q2 EPS by 10c

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Go back to Richardson Electronics (RELL) Tops Q2 EPS by 10c

Richardson Electronics Reports Second Quarter Fiscal 2023 Net Income of $5.5 Million or 8.4% of Net Sales; Declares Quarterly Cash Dividend

January 4, 2023 4:15 PM EST

Green Energy Solutions sales increase 150.3% over Q2 FY22; total net sales increase 22.1%

Second Quarter Highlights

Net sales of $65.9 million were up 22.1% from last years second quarter driven by increases in Power and Microwave Technologies (PMT), Green Energy Solutions (GES) and Canvys business units.Backlog totaled $192.6 million in the second quarter versus $199.2 million at the end of the first quarter of fiscal 2023 and $146.9 million at the end of the second quarter of last fiscal... More