Richardson Electronics Posts Q1 EPS of $0.27, Extending Turnaround
RELL has more than doubled off its 52-week low of $9.37 on elevated volume (4.7× avg).
Summary
Richardson Electronics reported first-quarter fiscal 2027 earnings per share of $0.27, with net income of $4.06 million on sales of $64.9 million. Backlog at August 29 was $184.4 million, up 36.9% year-over-year. The company declared a quarterly cash dividend of $0.06 per share. This follows a strong fiscal 2026 where the company reversed a prior-year loss with net income of $6.4 million on 9.4% higher sales. The Q1 result suggests the turnaround is continuing. Insider selling has been notable since the fiscal year-end, with multiple executives and directors selling shares in late July and early August.
Updates
· SEC 8-K — The 8-K attaches the press release with full financial statements and declares a $0.06 quarterly cash dividend payable November 25, 2026 to holders of record November 6, 2026.
At the time of this announcement, RELL was trading at $20.35 on NASDAQ in the Technology sector, with a market capitalization of approximately $293.2M. The 52-week trading range was $9.37 to $23.15. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.