Results reflect challenging economic conditions as well as decline in sales to semiconductor wafer fab customers and project delays across the Company’s GES business.
Backlog increased 2% over the past three months, which management believes indicates stabilizing demand.
Company implements new ownership requirements for outside directors.
LaFox, IL, JANUARY 10, 2024: Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its second quarter ended December 2, 2023. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend.
