Overview
Richardson Electronics Q4 FY25 sales rise 9.5% YoY, but miss analysts' expectations
However, adjusted EPS for Q4 FY25 beats estimates
Reports positive operating cash flow for a fifth consecutive quarter
Outlook
Company focuses on expanding GES and engineered solutions for growth
Richardson Electronics focused on driving growth amid dynamic conditions
Result Drivers
PMT DEMAND - Increased demand from semiconductor wafer fab customers drove PMT sales up 17.8% YoY
GES GROWTH - Higher sales of wind turbine battery modules boosted GES sales by 14.1% YoY
HEALTHCARE ASSET SALE - Sale of Healthcare assets reduced overall sales by $2.4 mln compared to prior year
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
$51.90 mln
$53.90 mln (2 Analysts)
Q4 Adjusted EPS
Beat
$0.12
$0.1 (2 Analysts)
Q4 EPS
$0.08
Q4 Net Income
$1.10 mln
Q4 Gross Margin
31.6%
Q4 Operating Income
$631,000
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the electronic equipment & parts peer group is "buy."
Wall Street's median 12-month price target for Richardson Electronics Ltd is $9.50, about 1.5% below its July 22 closing price of $9.64
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nGNX7Gnl9P
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)