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| Specifications | goldfine |
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| Specifications | goldfine |
| Outline | For Immediate Release For Details Contact: |
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| 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 SECOND QUARTER FISCAL 2009 RESULTS, ANNOUNCES SHARE REPURCHASE PROGRAM, AND DECLARES CASH DIVIDEND LaFox, IL, January 7, 2009: Richardson Electronics, Ltd. (NASDAQ: RELL) today reported second quarter fiscal 2009 net income of $5.9 million, or $0.31 per diluted common share, on sales of $132.6 million, compared with a net loss of $0.7 million on sales of $145.0 million last year. SG&A costs during the second quarter declined to $28.2 million, or 21.3% of net sales, compared to $31.3 million, or 21.6% of net sales last year. Operating income during the second quarter was $5.0 million, or 3.7% of net sales, compared to operating income of $2.5 million, or 1.7% of net sales last year. Cash provided by operating activities during the second quarter was $4.5 million, compared to $2.7 million of cash provided by operating activities during the second quarter last year. “While our sales have been impacted by the weakening economic conditions, I am pleased with the significant progress we have made in driving costs out of the company. Our progress is reflected in the operating income of $5.0 million during the second quarter and $9.4 million for the first half of this fiscal year,” said Edward J. Richardson, Chairman, Chief Executive Officer and President of Richardson Electronics, Ltd. “In light of the uncertainty surrounding the current global economic environment, we will continue to make adjustments to our cost structure and business model to enhance our profitability,” added Mr. Richardson. FINANCIAL HIGHLIGHTS THREE MONTHS ENDED NOVEMBER 29, 2008 • Consolidated net sales for the quarter were $132.6 million, compared to $145.0 million last year. Net sales for the RF, Wireless & Power Division (“RFPD”) declined 2.1%, or $2.0 million, during the second quarter of fiscal 2009 compared to the second quarter of fiscal 2008. Net sales for the Electron Device Group (“EDG”) and Canvys (formerly known as Display Systems Group “DSG”) decreased 22.8% and 13.7%, respectively, during the second quarter of fiscal 2009 as compared to the second quarter last year. Corporate Headquarters 40W267 Keslinger Road PO Box 393 LaFox, IL 60147-0393 USA Phone: (630) 208-2200 Fax: (630) 208-2550 |
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| Following Datasheets | 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) 09_nmea_connectfest2 (3 pages) 09_sc-conf-report (52 pages) |
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