Richardson Electronics Q4 sales rise 9.5% but fall short of estimates
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
