| Specifications | goldfine |
| Business section |
|
|
|
|
|
||||||||||||||||||||||||||||||||||
|
|
|
|
|
||||||||||||||||||||||||||||||||||
| Specifications | goldfine |
| Business section |
| Specifications | goldfine |
| Outline | For Immediate Release For Details Contact: |
| Suggested Link Details/Purchase | |
| Content | 1 For Immediate Release For Details Contact: Edward J. Richardson Kathleen S. Dvorak Chairman and CEO EVP & CFO Phone: (630) 208-2340 (630) 208-2208 E-mail: info@rell.com RICHARDSON ELECTRONICS REPORTS INCREASED SALES AND EARNINGS PER SHARE FOR THE FIRST QUARTER FISCAL 2009 AND DECLARES CASH DIVIDEND LaFox, IL, October 8, 2008: Richardson Electronics, Ltd. (NASDAQ: RELL) today reported its results for the first quarter ended August 30, 2008, and declared its quarterly dividend. Net sales during the first quarter of fiscal 2009 were $138.9 million, up 7.3%, from net sales of $129.5 million during the first quarter last year. Operating income during the first quarter of fiscal 2009 increased to $4.5 million, compared to operating income of $2.7 million last year. Net income for the first quarter of fiscal 2009 was $3.7 million, or $0.20 per diluted common share, compared to a net loss during the first quarter of fiscal 2008 of $0.4 million. “This quarter’s results exceeded our expectations, driven by stronger-than-anticipated sales growth within our RFPD business combined with operating cost reductions throughout the company. Executing on our company-wide initiatives enabled us to make progress on many fronts during the quarter,” said Edward J. Richardson, Chairman, Chief Executive Officer and President of Richardson Electronics, Ltd. FINANCIAL HIGHLIGHTS THREE MONTHS ENDED AUGUST 30, 2008 • Net sales for the RF, Wireless & Power Division (“RFPD”) increased 14.9%, or $12.6 million, during the first quarter of fiscal 2009 compared to the first quarter of fiscal 2008 primarily due to a major communications infrastructure project within our Asian operations. Net sales for the Electron Device Group (“EDG”) and Display Systems Group (“DSG”) decreased 4.0% and 4.3%, respectively, during the first quarter of fiscal 2009 as compared to the first quarter last year. • Consolidated gross margin percentage declined to 23.5% during the first quarter of fiscal 2009 compared to 25.2% during the first quarter last year primarily due to the lower gross margin related to the communications infrastructure project within our Asian operations. Gross margin for DSG increased to 25.3% during the first quarter of fiscal 2009 compared to 21.3% during the first quarter of fiscal 2008 reflecting an increased focus on profitable sales. Gross margin for EDG decreased to 30.5% Corporate Headquarters 40W267 Keslinger Road PO Box 393 LaFox, IL 60147-0393 USA Phone: (630) 208-2200 Fax: (630) 208-2550 |
| Navigation | Previous Page / Next Page |
| Following Datasheets | 09Q1-Form-10Q (36 pages) 09Q2_Press_Release_Earnings_Release_Final (8 pages) 09Q2-Form-10Q (42 pages) 09Q3_Press_Release_Earnings_Release_FINAL (8 pages) 09Q3-Form10Q (39 pages) 09Q4_10-K (79 pages) 09Q4_Press_Release_Earnings_Release_Final (9 pages) 09salesreps (1 pages) 09_iiic_engfuellaw-08-h130-final (8 pages) 09_IIIC_EngFuelLaw_09_H130_Final (8 pages) |
Check in e-portals |
World-H-News Products Extensions Partners Automation Jet Parts |
| Sitemap Folder | group1 group2 group3 group4 group5 group6 group7 group8 group9 group10 group11 group12 group13 group14 group15 group16 group17 group18 group19 group20 group21 group22 group23 group24 group25 group26 group27 group28 group29 group30 group31 group32 group33 group34 group35 group36 group37 group38 group39 group40 group41 group42 group43 group44 group45 group46 group47 group48 group49 group50 group51 group52 group53 group54 group55 group56 group57 group58 group59 group60 group61 group62 group63 group64 group65 group66 group67 group68 group69 group70 group71 group72 group73 group74 group75 group76 group77 group78 group79 group80 group81 group82 group83 group84 group85 group86 group87 group88 group89 group90 group91 group92 group93 group94 group95 group96 group97 group98 group99 group100 Prewious Folder Next Folder |
