Richardson Electronics Reports Second Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend
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Richardson Electronics, Ltd. | |
Unaudited Net Sales and Gross Profit | |
For the Second Quarter and First Six Months of Fiscal 2024 and 2023 | | ($ in thousands) | | | |
By Strategic Business Unit: | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net Sales | | | | | | | | | | | | | | | |
Q2 FY 2024 | | | | | |
Q2 FY 2023 | | |
% Change | | | PMT | | $ | 31,292 | | | | | | $ | 40,585 | | | | -22.9 | % | | GES | | | 2,609 | | | | | | | 12,293 | | | | -78.8 | % | | Canvys | | | 7,291 | | | | | | | 10,079 | | | | -27.7 | % | | Healthcare | | | 2,938 | | | | | | | 2,948 | | | | -0.3 | % | | Total | | $ | 44,130 | | | | | | $ | 65,905 | | | | -33.0 | % | | | | | | | | | | | | | | | | | |
YTD FY 2024 | | | | | |
YTD FY 2023 | | |
% Change | | | PMT | | $ | 67,036 | | | | | | $ | 85,939 | | | | -22.0 | % | | GES | | | 7,003 | | | | | | | 20,804 | | | | -66.3 | % | | Canvys | | | 17,180 | | | | | | | 20,492 | | | | -16.2 | % | | Healthcare | | | 5,492 | | | | | | | 6,227 | | | | -11.8 | % | | Total | | $ | 96,711 | | | | | | $ | 133,462 | | | | -27.5 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Gross Profit | | | | | | |
Q2 FY 2024 | | |
% of Net Sales | | |
Q2 FY 2023 | | |
% of Net Sales | | | PMT | | $ | 8,905 | | | | 28.5 | % | | $ | 14,011 | | | | 34.5 | % | | GES | | | 761 | | | | 29.2 | % | | | 4,162 | | | | 33.9 | % | | Canvys | | | 2,440 | | | | 33.5 | % | | | 2,995 | | | | 29.7 | % | | Healthcare | | | 436 | | | | 14.8 | % | | | 683 | | | | 23.2 | % | | Total | | $ | 12,542 | | | | 28.4 | % | | $ | 21,851 | | | | 33.2 | % | | | | | | | | | | | | | | | | | |
YTD FY 2024 | | |
% of Net Sales | | |
YTD FY 2023 | | |
% of Net Sales | | | PMT | | $ | 20,416 | | | | 30.5 | % | | $ | 29,546 | | | | 34.4 | % | | GES | | | 2,341 | | | | 33.4 | % | | | 7,184 | | | | 34.5 | % | | Canvys | | | 5,805 | | | | 33.8 | % | | | 6,261 | | | | 30.6 | % | | Healthcare | | | 1,244 | | | | 22.7 | % | | | 1,887 | | | | 30.3 | % | | Total | | $ | 29,806 | | | | 30.8 | % | | $ | 44,878 | | | | 33.6 | % | | |
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