RICHARDSON ELECTRONICS LTD
For the period ended Aug 31, 2024. Filed Oct 10, 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.
Aug 31, 2024 · Filed Oct 10, 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 | ||
|---|---|---|
| August 31, 2024 | September 2, 2023 | |
| Net sales | $53,725 | $52,581 |
| Cost of sales, exclusive of depreciation and amortization | 37,299 | 35,317 |
| Gross profit | 16,426 | 17,264 |
| Selling, general and administrative expenses, inclusive of depreciation and amortization | 16,112 | 15,792 |
| Gain on disposal of assets | (2) | — |
| Operating income | 316 | 1,472 |
| Other (income) expense: | ||
| Interest income | (58) | (71) |
| Foreign exchange gain | (277) | (97) |
| Other, net | 3 | 32 |
| Total other income | (332) | (136) |
| Income before income taxes | 648 | 1,608 |
| Income tax provision | 58 | 381 |
| Net income | 590 | 1,227 |
| Foreign currency translation gain (loss), net of tax | 636 | (41) |
| Comprehensive income | $1,226 | $1,186 |
| Net income per share: | ||
| Common shares - Basic | $0.04 | $0.09 |
| Class B common shares - Basic | 0.04 | 0.08 |
| Common shares - Diluted | 0.04 | 0.09 |
| Class B common shares - Diluted | 0.04 | 0.08 |
| Weighted average number of shares: | ||
| Common shares – Basic | 12,200 | 12,171 |
| Class B common shares – Basic | 2,049 | 2,052 |
| Common shares – Diluted | 12,431 | 12,539 |
| Class B common shares – Diluted | 2,049 | 2,052 |
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