Richardson Electronics reports Q3 EPS 7c vs. 11c last year

Reports Q3 revenue $55.47M vs. $53.8M last year. “I am pleased to report that Richardson Electronics (RELL) has now delivered seven consecutive quarters of year-over-year sales growth, reflecting continued progress in executing our multi-year strategy. Our performance this quarter was led by strong momentum in PMT, particularly in EDG and the semifab equipment market. Third quarter sales growth was supported by continued discipline around gross margin and operating expenses. Our performance reflects the strength of our team, as we continue to invest across the organization to build depth, technical expertise, and operating performance,” said Edward Richardson, chairman, CEO, and president.