Richardson Electronics Reports Continued Sales Growth in Its Second Quarter Fiscal 2019 and Declares Quarterly Cash Dividend
Richardson Electronics, Ltd. (RELL)
US:NASDAQ Investor Relations:
rell.com/investor-relations
Company Research
Source: GlobeNewswire
LAFOX, Ill., Jan. 09, 2019 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its second quarter ended December 1, 2018. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. Second Quarter Results Net sales for the second quarter of fiscal 2019 increased 5.7% to $41.3 million compared to net sales of $39.1 million in the prior year’s second quarter. Sales increased $2.2 million for PMT and $0.2 million for Richardson Healthcare. PMT sales were higher in power conversion and RF and microwave components. Sales increased for Richardson Healthcare due to higher CT Tube and equipment sales, partially offset by lower sales of diagnostic imaging parts. Sales decreased $0.2 million for Canvys due to lower overall demand across Europe. Gross margin decreased to $13.0 million, or 31.4% of net sales during the second quarter of fiscal 2019, compared to $13.4 million, or 34.2% of net sale
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- Richardson Electronics, Ltd. (NASDAQ: RELL) is now covered by analysts at Northland Securities. They set an "outperform" rating and a $13.00 price target on the stock.MarketBeat
- Calculating The Intrinsic Value Of Richardson Electronics, Ltd. (NASDAQ:RELL) [Yahoo! Finance]Yahoo! Finance
- Richardson Electronics (NASDAQ:RELL) Is Due To Pay A Dividend Of $0.06 [Yahoo! Finance]Yahoo! Finance
RELL
Earnings
- 4/10/24 - Beat
RELL
Analyst Actions
- 4/29/24 - Northland Securities
RELL
Sec Filings
- 5/9/24 - Form 144
- 4/23/24 - Form 4
- 4/18/24 - Form 4
- RELL's page on the SEC website