NASDAQ$RELL
Richardson Electronics Ltd · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported net income of $5.5 million, representing 8.4% of net sales, and declared a quarterly cash dividend.
Richardson Electronics reported a strong second quarter in fiscal year 2023, with net sales up by 22.1% compared to the previous year, driven by increases in PMT, GES, and Canvys business units. The company's net income increased to $5.5 million, and earnings per share (diluted) rose to $0.39. The company also declared a quarterly cash dividend of $0.06 per share.
- Net sales increased by 22.1% to $65.9 million, driven by growth in PMT, GES, and Canvys.
- Backlog totaled $192.6 million.
- Gross margin improved to 33.2% of net sales.
- Earnings per share (diluted) were $0.39, up from $0.30 in the prior year's quarter.
Headline financials
Revenue & EPS history
Richardson Electronics · Revenue · Quarterly
$65.9M
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
Management 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 Q2 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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