RICHARDSON ELECTRONICS LTD
For the period ended Mar 2, 2024. Filed Apr 11, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 2, 2024 · Filed Apr 11, 2024
RELL$19.27-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Comprehensive Income
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| March 2, 2024 | February 25, 2023 | March 2, 2024 | February 25, 2023 | |
| Net sales | $52,375 | $70,364 | $149,086 | $203,826 |
| Cost of sales | 36,939 | 47,959 | 103,844 | 136,543 |
| Gross profit | 15,436 | 22,405 | 45,242 | 67,283 |
| Selling, general and administrative expenses | 14,430 | 14,779 | 44,710 | 43,704 |
| Loss (gain) on disposal of assets | — | 13 | 70 | (12) |
| Operating income | 1,006 | 7,613 | 462 | 23,591 |
| Other expense (income): | ||||
| Investment/interest income | (67) | (76) | (224) | (179) |
| Foreign exchange loss (gain) | 101 | (292) | 347 | 305 |
| Other, net | (7) | (14) | 43 | (29) |
| Total other expense (income) | 27 | (382) | 166 | 97 |
| Income before income taxes | 979 | 7,995 | 296 | 23,494 |
| Income tax provision | 229 | 1,655 | 116 | 5,281 |
| Net income | 750 | 6,340 | 180 | 18,213 |
| Foreign currency translation (loss) gain, net of tax | (205) | 629 | 385 | (710) |
| Comprehensive income | $545 | $6,969 | $565 | $17,503 |
| Net income per share: | ||||
| Common shares - Basic | $0.05 | $0.46 | $0.01 | $1.33 |
| Class B common shares - Basic | 0.05 | 0.41 | 0.01 | 1.19 |
| Common shares - Diluted | 0.05 | 0.44 | 0.01 | 1.27 |
| Class B common shares - Diluted | 0.05 | 0.40 | 0.01 | 1.15 |
| Weighted average number of shares: | ||||
| Common shares – Basic | 12,227 | 12,047 | 12,208 | 11,893 |
| Class B common shares – Basic | 2,052 | 2,052 | 2,052 | 2,053 |
| Common shares – Diluted | 12,445 | 12,666 | 12,480 | 12,524 |
| Class B common shares – Diluted | 2,052 | 2,052 | 2,052 | 2,053 |
| Dividends per share: | ||||
| Common share | $0.060 | $0.060 | $0.180 | $0.180 |
| Class B common share | 0.054 | 0.054 | 0.162 | 0.162 |
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