Richardson Electronics Forecasts Double-Digit GES Growth in FY2027
Richardson Electronics (RELL) is projecting double-digit growth for its Global Electronic Solutions segment during fiscal year 2027. The company reported a strong start to the year, with higher-than-expected sales and improved gross margins. CEO Edward Richardson highlighted an operating income of $5.1 million in Q1 FY2027, representing a fivefold increase from the previous year and accounting for 7.9% of total sales. The company also noted that approximately 75% of its current backlog is expected to ship during the fiscal year, which supports continued revenue momentum. Richardson Electronics remains optimistic about maintaining strong performance as it moves through FY2027.
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