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LAFOX, Illinois - Richardson Electronics , Ltd. (NASDAQ:RELL) reported third quarter results, sending shares up 5.1% in after-hours trading. The electronic components manufacturer posted adjusted earnings and revenue that was lower than analyst forecasts, but showed strong growth in key segments.
For the third quarter ended March 1, 2025, Richardson Electronics reported adjusted earnings per share of $0.11, lower than the analyst consensus estimate of $0.12 by $0.01. Revenue came in at $53.8 million, lower than expectations of $58.45 million.
The company saw significant YoY growth across major business units. Semiconductor wafer fab sales surged 139%, while Canvys sales increased 39.5%. Overall net sales rose 2.7% compared to the same quarter last year.
"We are encouraged by our fiscal Q3 2025 results despite the one-time $4.9 million Healthcare charge," said Edward J. Richardson, Chairman, CEO, and President. He noted that excluding this charge, non-GAAP operating income more than doubled to $2.2 million from $1.0 million last year.
Richardson Electronics ended the quarter with $36.7 million in cash and no debt. The company's board declared a quarterly cash dividend of $0.06 per share.
Looking ahead, management expressed optimism about pursuing higher growth opportunities, particularly in the Green Energy Solutions segment. The company's backlog stood at $134.1 million at quarter-end.
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