Richardson Electronics, Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended November 27, 2021
January 05, 2022 at 04:15 pm
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Richardson Electronics, Ltd. reported earnings results for the second quarter and six months ended November 27, 2021. For the second quarter, the company reported sales was USD 53.98 million compared to USD 42.42 million a year ago. Net income was USD 4.12 million compared to USD 0.689 million a year ago.
For the six months, sales was USD 107.68 million compared to USD 81.23 million a year ago. Net income was USD 6.76 million compared to net loss of USD 0.458 million a year ago.
Richardson Electronics, Ltd. is a manufacturer of engineered solutions, power grid and microwave tubes and related consumables; power conversion and radio frequency and microwave components; high-value replacement parts, tubes and service training for diagnostic imaging equipment, and customized display solutions. The Company's segments include Power and Microwave Technologies, Green Energy Solutions, Canvys and Healthcare. Healthcare segment manufactures, repairs, refurbishes and distributes high value replacement parts and equipment for the healthcare market, including hospitals, medical centers, asset management companies and others. The Canvys segment provides customized display solutions serving the corporate enterprise, financial, healthcare, industrial and medical original equipment manufacturers markets. Its products include electron tubes and related components, microwave generators, subsystems used in semiconductor manufacturing and visual technology solutions.
RICHARDSON ELECTRONICS, LTD. 
