Richardson Electronics Reports Strong First Quarter Results; Declares Quarterly Cash Dividend
Richardson Electronics reported Q1 FY2027 net sales of $64.9 million, up 18.9% year-over-year, with growth across all three business units and its ninth consecutive quarter of YoY sales growth. Net income more than doubled to $4.1 million ($0.27 diluted EPS) from $1.9 million a year ago, with gross margin expanding to 34.6% from 31.0%, aided partly by an IEEPA tariff refund. Backlog ended the quarter at $184.4 million, up 36.9% year-over-year and the highest in more than three years, driven by semiconductor wafer fab demand in PMT.
Key figures
- Eps
- 0.27
- Revenue
- 64923000
- Guidance
- Management expects fiscal 2027 to be another year of profitable growth
- Revenue Yoy
- 18.9%
- Fcf
- 4200000
- Ebitda
- 5954000
- Backlog
- 184400000
- Net income
- 4059000
- Backlog yoy
- 36.9%
- Gross margin
- 34.6%
- Net income yoy
- 112.6%
- Prior year ebitda
- 3301000
- Dividend per share
- 0.06
- Cash and equivalents
- 36915000
- Prior year gross margin
- 31.0%
AI analysis
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