Richardson Electronics (RELL) Misses Q3 EPS by 4c
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Richardson Electronics Reports Third Quarter Fiscal 2015 Results and Declares Quarterly Cash Dividend
April 8, 2015 5:23 PM EDTLAFOX, Ill.--(BUSINESS WIRE)-- Richardson Electronics, Ltd. (NASDAQ: RELL), today reported sales and earnings for its third quarter ended February 28, 2015. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend.
Net sales for the third quarter of fiscal 2015 were $33.5 million, a 1.8% increase compared to net sales of $32.9 million in the prior year. Sales for the Company's EDG and Richardson Healthcare ("Healthcare") businesses increased 4.2% and 3.5%, respectively, while sales for its Canvys division were down 7.4%, compared to the prior year's quarter. Gross margin increased to $9.8 million, or... More
Canvys Announces ISO 13485 Certification
April 8, 2015 10:00 AM EDTBringing innovation and quality to custom displays
LAFOX, Ill.--(BUSINESS WIRE)-- Canvys®, a division of Richardson Electronics (NASDAQ: RELL), announced today that its North American Facility in Marlborough, MA has been awarded ISO 13485:2003 for its... More
