Richardson Electronics net income more than doubles to $4.06 million in first quarter; net sales rise 19% to $64.92 million year over year
Bitget2026/10/07 20:16Richardson Electronics posted FY27 first-quarter net sales of $64.92 million, up 19% from a year earlier. Net income more than doubled to $4.06 million, lifting diluted EPS to $0.27 for the quarter. Gross margin widened 3.6 percentage points to 34.6%, while operating income jumped to $5.12 million. Backlog at Aug. 29, 2026 rose 37% year over year to $184.4 million, with an increase in PMT. Board declared a $0.06 quarterly cash dividend, payable Nov. 25 to holders of record Nov. 6. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Richardson Electronics Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610071615PRIMZONEFULLFEED9841511) on October 07, 2026, and is solely responsible for the information contained therein.
- Richardson Electronics posted FY27 first-quarter net sales of $64.92 million, up 19% from a year earlier.
- Net income more than doubled to $4.06 million, lifting diluted EPS to $0.27 for the quarter.
- Gross margin widened 3.6 percentage points to 34.6%, while operating income jumped to $5.12 million.
- Backlog at Aug. 29, 2026 rose 37% year over year to $184.4 million, with an increase in PMT.
- Board declared a $0.06 quarterly cash dividend, payable Nov. 25 to holders of record Nov. 6.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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