Richardson Electronics Announces 4th-Quarter Sales Results
LAFOX, Ill.
Richardson Electronics Ltd. announces preliminary sales for the fourth quarter and full year of fiscal 2006, which ended June 3. Sales in the fourth quarter are expected to be approximately $172 million, representing a 17-percent increase compared to sales of $147 million in the fourth quarter of last year. This would be 9-percent higher than any other quarter in the company’s history
Sales growth was led by increased sales in the Display Systems Group of 40 percent and increased sales in the RF, Wireless and Power Division of 21 percent.
Overall sales during 2006 are expected to finish at approximately $638 million. This would be 10-percent higher than 2005. Sales increased by 22 percent in the Display Systems Group, 13 percent in the RF, Wireless and Power Division, 3 percent in the Security Systems Division and 3 percent in the Electron Device Group.
Because of the ongoing evaluation of previously announced accounting errors, Richardson Electronics has not yet filed its Form 10-Q for its fiscal quarter ending March 4 of this year. The firm will file the report on Form 10-Q for that period and will amend reports for prior periods at that time.
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