RICHARDSON ELECTRONICS REPORTS RECORD QUARTERLY SALES; RF/WIRELESS DEMAND FUELS GROWTH
Richardson Electronics Ltd. reports record sales of $98.9 million for the third quarter of fiscal 2000, ended Feb. 29, up 28 percent from $77.1 million in the prior fiscal period. For the nine-month period, sales increased 24 percent to $292 million from $235.4 million. The Solid State and Components group, up 75 percent to $38.5 million in the quarter and 51 percent to $101.5 million for the nine months, led sales gains. The Security Systems Division achieved 16-percent growth in the quarter, to $20.6 million, and a 23-percent gain to $62.4 million for the nine months. In addition, net earnings were 20 cents per share in the third quarter, compared to 5 cents per share in the prior year.
“Results were particularly encouraging in Solid States and Components with the group reporting an all-time sales high. Demand in the RF/wireless communication market was the main driver behind the growth,” says Edward J. Richardson, chairman and CEO. Richardson Electronics is a specialized international distributor of electronic components, equipment and assemblies, including electronic security products.
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!