Earnings ·
Reports Q1 net income of $4.1M and declares $0.06 quarterly cash dividend
RELLRichardson Electronics, Ltd.
Richardson Electronics reported first-quarter fiscal 2027 results with net sales increasing 18.9% year-over-year to $64.9 million. Net income rose 112.6% to $4.1 million, or $0.27 per diluted share, driven by strong demand in Power and Microwave Technologies and Green Energy Solutions. The company generated free cash flow of $4.2 million and ended the quarter with a backlog of $184.4 million, up 36.9% from the prior year. Additionally, the Board declared a quarterly cash dividend of $0.06 per share to common stockholders, payable on November 25, 2026, to holders of record as of November 6, 2026. Richardson Electronics is a global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, and related consumables.