Richardson Electronics, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended March 02, 2024
April 10, 2024 at 04:51 pm EDT
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Richardson Electronics, Ltd. reported earnings results for the third quarter and nine months ended March 02, 2024. For the third quarter, the company reported sales was USD 52.38 million compared to USD 70.36 million a year ago. Net income was USD 0.75 million compared to USD 6.34 million a year ago.
For the nine months, sales was USD 149.09 million compared to USD 203.83 million a year ago. Net income was USD 0.18 million compared to USD 18.21 million a year ago.
Richardson Electronics, Ltd. is a manufacturer of engineered solutions, power grid and microwave tubes and related consumables; power conversion and radio frequency and microwave components; high-value replacement parts, tubes and service training for diagnostic imaging equipment, and customized display solutions. The Company's segments include Power and Microwave Technologies, Green Energy Solutions, Canvys and Healthcare. Healthcare segment manufactures, repairs, refurbishes and distributes high value replacement parts and equipment for the healthcare market, including hospitals, medical centers, asset management companies and others. The Canvys segment provides customized display solutions serving the corporate enterprise, financial, healthcare, industrial and medical original equipment manufacturers markets. Its products include electron tubes and related components, microwave generators, subsystems used in semiconductor manufacturing and visual technology solutions.
RICHARDSON ELECTRONICS, LTD. 
