Richardson Electronics Reports Fourth Quarter and Fiscal Year 2024 Results; Declares Quarterly Cash Dividend

Richardson Electronics, Ltd.
 Net Sales and Gross Profit
For the Fourth Quarter and Fiscal 2024 and 2023
($ in thousands)
By Strategic Business Unit:                    
                       
Net Sales                      
        Three Months Ended     FY24 vs. FY23  
        June 1, 2024     May 27, 2023     % Change  
PMT   $30,498  $31,538   -3.3%
GES    4,699   15,321   -69.3%
Canvys    8,674   9,154   -5.2 %
Healthcare         3,503       2,819       24.3 %
Total       $ 47,374     $ 58,832       -19.5 %
                       
        Twelve Months Ended     FY24 vs. FY23  
        June 1, 2024     May 27, 2023     % Change  
PMT       $ 128,697     $ 164,299       -21.7 %
GES         23,233       47,596       -51.2 %
Canvys         32,444       39,331       -17.5 %
Healthcare         12,086       11,432       5.7 %
Total       $ 196,460     $ 262,658       -25.2 %
                       
Gross Profit    
  Three Months Ended  
  June 1, 2024     % of Net Sales     May 27, 2023     % of Net Sales  
PMT $ 9,486       31.1 %   $ 9,139       29.0 %
GES   1,196       25.5 %     3,587       23.4 %
Canvys   2,903       33.5 %     3,011       32.9 %
Healthcare   1,139       32.5 %     669       23.7 %
Total $ 14,724       31.1 %   $ 16,406       27.9 %
                       
  Twelve Months Ended  
  June 1, 2024     % of Net Sales     May 27, 2023     % of Net Sales  
PMT $ 38,717       30.1 %   $ 54,089       32.9 %
GES   6,607       28.4 %     13,719       28.8 %
Canvys   10,973       33.8 %     12,375       31.5 %
Healthcare   3,669       30.4 %     3,506       30.7 %
Total $ 59,966       30.5 %   $ 83,689       31.9 %
                               



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