NASDAQ$RELL
Richardson Electronics Ltd · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Richardson Electronics reported first quarter fiscal 2022 results with net income of $2.6 million.
Richardson Electronics reported a strong start to fiscal year 2022, achieving the highest level of quarterly sales in 11 years and the best quarterly earnings per share in nine years. Net sales increased by 38.4% compared to the prior year's first quarter, driven by higher sales across all three business units.
- Net sales of $53.7 million, up 38.4% year-over-year and 6.4% sequentially.
- Sales increased year-over-year for PMG, Canvys, Healthcare and Semiconductor Wafer Fabrication Equipment products.
- Operating income was $2.8 million, compared to an operating loss of $0.6 million in the prior year's first quarter.
- Earnings per common share (diluted) were $0.20, compared to a loss of $0.09 per share in the prior year's first quarter.
Headline financials
Revenue & EPS history
Richardson Electronics · Revenue · Quarterly
$53.7M
Revenue by segment
Richardson Electronics · $50M total across 3 segments · Q1 2024
- Power & Microwave Tech$35.7M-21.2%71.4%
- Canvys$9.89M-5.0%19.8%
- Green Energy Solutions$4.39M—8.8%
Forward guidance
Richardson Electronics anticipates a strong fiscal year 2022 with sales growth and improved profitability, driven by growth initiatives and navigation of global supply chain challenges. The company ended the first quarter with record backlogs.
Tailwinds
- Strong start to fiscal 2022 with highest quarterly sales in 11 years.
- Best quarterly earnings per share in nine years.
- Growth initiatives starting to take hold.
- Successfully navigated unprecedented global supply chain and logistics challenges.
- Ended the quarter with record backlogs for ULTRA3000 Pitch Energy Modules, microwave products and Canvys monitors.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.4%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+2.2%
Avg return
30 days after
52%
33 / 64 earnings
Positive
+25.2%
Q1 2023
Best reaction
-19.9%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +21.6% | +15.3% | +30.8% | |
| Q2 2026 | -11.8% | +4.1% | +10.2% | |
| Q1 2026 | +11.0% | +10.3% | -1.9% | |
| Q3 2025 | -17.1% | -16.4% | -9.2% | |
| Q2 2025 | -13.5% | -12.4% | -11.9% | |
| Q1 2025 | +0.7% | +5.2% | +17.3% | |
| Q4 2024 | -0.9% | +4.9% | +4.8% | |
| Q3 2024 | +15.1% | +5.9% | +11.1% | |
| Q2 2024 | -19.9% | -17.7% | -22.4% | |
| Q1 2024 | -5.8% | -3.9% | -2.0% | |
| Q4 2023 | -14.2% | -15.1% | -26.3% | |
| Q3 2023 | -15.9% | -10.8% | -27.7% | |
| Q2 2023 | -15.0% | +5.1% | +14.1% | |
| Q1 2023 | +25.2% | +27.0% | +53.1% | |
| Q4 2022 | -6.2% | +0.1% | +6.2% | |
| Q3 2022 | -5.1% | -8.4% | -2.2% | |
| Q2 2022 | +9.5% | +15.7% | -7.9% | |
| Q1 2022 | +17.4% | +10.6% | +18.4% | |
| Q4 2021 | +4.2% | -1.3% | +0.4% | |
| Q3 2021 | +6.7% | +8.0% | +6.9% | |
| Q2 2021 | +20.9% | +24.5% | +29.1% | |
| Q1 2021 | +7.3% | +4.2% | +2.8% | |
| Q4 2020 | -2.6% | -0.5% | +5.9% | |
| Q3 2020 | +12.5% | +8.6% | +12.7% | |
| Q2 2020 | -4.7% | -5.4% | -15.5% | |
| Q1 2020 | -0.5% | +1.7% | -2.9% | |
| Q4 2019 | +0.0% | -0.2% | +0.2% | |
| Q3 2019 | -5.6% | -10.7% | -13.1% | |
| Q2 2019 | -7.7% | -8.0% | -11.2% | |
| Q1 2019 | -7.2% | -7.3% | -14.8% | |
| Q4 2018 | +1.2% | +3.6% | -4.3% | |
| Q3 2018 | +3.7% | +8.2% | +15.4% | |
| Q2 2018 | +14.2% | +17.2% | +11.1% | |
| Q1 2018 | +13.6% | +10.4% | +6.4% | |
| Q4 2017 | -2.2% | -3.0% | -5.5% | |
| Q3 2017 | +4.1% | +3.6% | +6.8% | |
| Q2 2017 | -1.3% | -0.8% | -3.0% | |
| Q1 2017 | -6.6% | -8.1% | -11.7% | |
| Q4 2016 | +4.7% | +4.7% | +16.1% | |
| Q3 2016 | +1.9% | — | — | |
| Q2 2016 | -2.3% | — | — | |
| Q1 2016 | +3.5% | — | — | |
| Q4 2015 | -8.4% | — | — | |
| Q3 2015 | +1.1% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | -1.1% | — | — | |
| Q4 2014 | +2.0% | — | — | |
| Q3 2014 | -5.4% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | +3.0% | — | — | |
| Q4 2013 | -1.3% | — | — | |
| Q3 2013 | -0.9% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q1 2013 | -2.1% | — | — | |
| Q4 2012 | +0.2% | — | — | |
| Q3 2012 | +1.9% | — | — | |
| Q2 2012 | +0.7% | — | — | |
| Q1 2012 | -2.7% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q3 2011 | +1.6% | — | — | |
| Q2 2010 | +0.1% | — | — | |
| Q1 2010 | +1.5% | — | — | |
| Q4 2010 | +5.0% | — | — | |
| Q3 2009 | -0.3% | — | — |
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