Richardson Electronics Reports Third Quarter Results and Declares Dividend

Richardson Electronics, Ltd. reported financial results for the third quarter ended February 28, 2026, with a net income of $0.9 million, or $0.07 per diluted share. The company announced a quarterly cash dividend of $0.06 per share. Third quarter net sales increased by 3.1% year-over-year to $55.5 million, primarily driven by a 9.7% increase in PMT net sales. Total backlog at February 28, 2026, was $151.2 million, up 11.4% from the previous quarter. Gross margin improved to 31.9% from 31.0% in the prior year's quarter. Operating expenses increased due to higher salaries and incentives. For the nine months ended February 28, 2026, net sales were $162.4 million, a 3.4% increase year-over-year. The company maintained a solid financial position with $29.5 million in cash and cash equivalents and no outstanding debt on its revolving line of credit.