Richardson Electronics Reports Second Quarter Fiscal 2021 Net Income and Declares Quarterly Cash Dividend

Unaudited Consolidated Statements of Comprehensive Income (Loss)
(in thousands, except per share amounts)

   Three Months Ended   Six Months Ended 
   November 28,
2020
   November 30,
2019
   November 28,
2020
   November 30,
2019
 
Statements of Comprehensive Income (Loss)                
Net sales $42,418  $39,634  $81,230  $80,287 
Cost of sales  28,075   26,954   54,528   54,656 
Gross profit   14,343    12,680    26,702    25,631 
Selling, general and administrative expenses  13,491   13,161   26,467   26,008 
Loss on disposal of assets           1 
Operating income (loss)   852       (481 )     235       (378 )
Other expense (income):                                
Investment/interest income     (15 )     (123 )     (33 )     (243 )
Foreign exchange loss     143       199       585       89  
Other, net     (18 )     (15 )     (36 )     (16 )
Total other expense (income)     110       61       516       (170 )
Income (loss) before income taxes     742       (542 )     (281 )     (208 )
Income tax provision     53       80       177       257  
Net income (loss)     689       (622 )     (458 )     (465 )
Foreign currency translation gain (loss), net of tax     477       222       2,613       (494 )
Comprehensive income (loss)   $ 1,166     $ (400 )   $ 2,155     $ (959 )
Net income (loss) per share                                
Common shares - Basic   $ 0.05     $ (0.05 )   $ (0.04 )   $ (0.04 )
Class B common shares - Basic   $ 0.05     $ (0.04 )   $ (0.03 )   $ (0.03 )
Common shares - Diluted   $ 0.05     $ (0.05 )   $ (0.04 )   $ (0.04 )
Class B common shares - Diluted   $ 0.05     $ (0.04 )   $ (0.03 )   $ (0.03 )
Weighted average number of shares:                                
Common shares – Basic     11,111       11,038       11,090       11,014  
Class B common shares – Basic     2,097       2,097       2,097       2,097  
Common shares – Diluted     11,128       11,038       11,090       11,014  
Class B common shares – Diluted     2,097       2,097       2,097       2,097  
Dividends per common share   $ 0.060     $ 0.060     $ 0.120     $ 0.120  
Dividends per Class B common share   $ 0.054     $ 0.054     $ 0.108     $ 0.108  
                                 

Richardson Electronics, Ltd.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »
Featured Video
Latest Blog Posts
Vijay ChobisaSiemens EDA
by Vijay Chobisa
The Rise of Custom Acceleration
Bob Smith, Executive DirectorBridging the Frontier
by Bob Smith, Executive Director
Nomination Deadline for Phil Kaufman Award and Hall of Fame: June 30
Jobs
Senior DPU System Application Engineer for Nvidia at Santa Clara, California
Senior Post Silicon Hardware Engineer for Nvidia at Santa Clara, California
Hardware Engineer for PTEC Solutions at Fremont, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Upcoming Events
Design Automation Conference (DAC) 2024 at Moscone West, San Francisco CA - Jun 23 - 27, 2024
SemiconWest - 2024 at Moscone Center San Francisco CA - Jul 9 - 11, 2024
Flash Memory 2024 Conference & Expo FMS2024 at Santa Clara Convention Center Santa Clara CA - Aug 6 - 8, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise