Richardson Electronics Reports Third Quarter Fiscal 2020 Operating Profit and Declares Quarterly Cash Dividend


Richardson Electronics, Ltd.
Net Sales and Gross Profit
For the Third Quarter and First Nine Months of Fiscal 2020 and Fiscal 2019
($ in thousands)
                
By Strategic Business Unit:                              
                                 
Net Sales                                
    Q3 FY 2020             Q3 FY 2019     % Change  
PMT $28,988      $29,725   -2.5%
Canvys  7,200       6,954   3.5%
Healthcare  2,061            2,339       -11.9 %
Total   $ 38,249             $ 39,018       -2.0 %
                                 
    YTD FY 2020             YTD FY 2019     % Change  
PMT   $ 89,158             $ 96,822       -7.9 %
Canvys     22,333               20,625       8.3 %
Healthcare     7,045               7,042       0.0 %
Total   $ 118,536             $ 124,489       -4.8 %
                                 
                                 
                                 
Gross Profit                                
    Q3 FY 2020     %   of   Net   Sales     Q3 FY 2019     % of Net Sales  
PMT   $ 9,519       32.8 %   $ 9,406       31.6 %
Canvys     2,362       32.8 %     2,281       32.8 %
Healthcare     789       38.3 %     612       26.2 %
Total   $ 12,670       33.1 %   $ 12,299       31.5 %
                                 
    YTD FY 2020     %   of   Net   Sales     YTD FY 2019     %   of   Net   Sales  
PMT   $ 28,547       32.0 %   $ 30,520       31.5 %
Canvys     7,268       32.5 %     6,726       32.6 %
Healthcare     2,486       35.3 %     1,977       28.1 %
Total   $ 38,301       32.3 %   $ 39,223       31.5 %

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