Richardson Electronics Company profile
About Richardson Electronics, Ltd.
Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes and related consumables, power conversion and radio frequency and microwave components, high value flat panel detector solutions, replacement parts, tubes and service training for diagnostic imaging equipment and customized display solutions. The Company’s products include electron tubes and related components, microwave generators, subsystems used in semiconductor manufacturing and visual technology solutions. The Company's segments include Power and Microwave Technologies Group, Canvys and Healthcare. The Company provides design-in support, systems integration, prototype design and manufacturing, testing, logistics and aftermarket technical service and repair through its global infrastructure. It also provides customized display solutions serving the corporate enterprise, financial, healthcare, industrial and medical original equipment manufacturers markets.
Financial summary
BRIEF: For the six months ended 27 November 2021, Richardson Electronics, Ltd. revenues increased 33% to $107.7M. Net income totaled $6.8M vs. loss of $458K. Revenues reflect Power and Microwave Technologies Group(PMT) segment increase of 34% to $84.7M, Display Systems Group (CANVYS) segment increase of 31% to $17.6M, North America segment increase of 33% to $45M, Europe segment increase of 34% to $32.2M.
Equity composition
Common Stock $.05 Par, 02/11, 30M auth., 16,616,000 issd., less 1,370,000 shs. in Treas. @ $8.7M. Insiders 0.88%. Class B $.05 Par, 10Mauth., 3,001,961 issd. Insiders own 99.61%. 10/87, 10% stock dividend.
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