Richardson Electronics reports Q1 sales rise 18.9%, profit doubles
Richardson Electronics (RELL) reported Q1 net sales of $64.9M, up 18.9% YoY, with net income doubling to $4.1M. Sales grew across all business units, and gross margin improved to 34.6%. The company's backlog increased 36.9% YoY to $184.4M, and it declared a quarterly dividend of $0.06 per share.


