NASDAQ$RELL
Richardson Electronics Ltd · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported first quarter fiscal 2023 results with net income of $6.3 million, representing 9.4% of sales, and declared a quarterly cash dividend.
Richardson Electronics reported a strong start to fiscal 2023 with ninth consecutive quarter of sequential revenue growth. Net sales increased by 25.8% to $67.6 million, and net income was $6.3 million. The company also declared a quarterly cash dividend of $0.06 per share.
- Net sales increased by 25.8% year-over-year to $67.6 million, driven by growth in all four business units, including the new Green Energy Solutions segment.
- Gross margin improved to 34.1% of net sales, up from 30.3% in the prior year's first quarter.
- Operating income rose to $8.8 million, compared to $2.8 million in the first quarter of fiscal 2022.
- Earnings per share (diluted) increased to $0.45, compared to $0.20 in the same quarter last year.
Headline financials
Revenue & EPS history
Richardson Electronics · Revenue · Quarterly
$67.6M
Revenue by segment
Richardson Electronics · $55.8M total across 2 segments · Q1 2023
- Power & Microwave Tech$45.4M—81.3%
- Canvys$10.4M—18.7%
Forward guidance
Company believes sales and profits will continue to significantly increase in fiscal 2023.
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 2023
+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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