$RELL

RICHARDSON ELECTRONICS, LTD.

CIK:0000355948|SEC Filings

Unaudited Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Aug. 29, 2026	Aug. 30, 2025
Net sales	$ 64,923	$ 54,607
Cost of sales	42,431	37,678
Gross profit	22,492	16,929
Selling, general and administrative expenses	17,377	15,961
Operating income	5,115	968
Interest income	121	169
Foreign exchange (loss) gain	(188)	289
Other, net	(1)	904
Total other (expense) income	(68)	1,362
Income before income taxes	5,047	2,330
Income tax provision	988	421
Net income	4,059	1,909
Foreign currency translation (loss) gain, net of tax	(273)	1,054
Comprehensive income	$ 3,786	$ 2,963
Weighted average number of shares:
Common stock - Diluted	13,024	12,544
Common Stock
Net income per share:
Common stock - Basic	$ 0.28	$ 0.13
Common stock - Diluted	$ 0.27	$ 0.13
Weighted average number of shares:
Common stock - Basic	12,666	12,393
Common stock - Diluted	13,024	12,544
Common Class B
Net income per share:
Common stock - Basic	$ 0.25	$ 0.12
Common stock - Diluted	$ 0.25	$ 0.12
Weighted average number of shares:
Common stock - Basic	2,036	2,049
Common stock - Diluted	2,036	2,049

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Aug. 29, 2026	Aug. 30, 2025
Operating activities:
Net income	$ 4,059	$ 1,909
Adjustments to reconcile net income to cash provided by operating activities:
Unrealized foreign currency gain	(88)	(511)
Depreciation and amortization	907	971
Inventory provisions	94	102
Share-based compensation expense	695	641
Deferred income taxes	46	49
Change in assets and liabilities:
Accounts receivable	(1,744)	(2,654)
Inventories	(647)	(578)
Prepaid expenses and other assets	373	60
Accounts payable	3,062	1,626
Accrued liabilities	(1,039)	(150)
Other	155	(98)
Net cash provided by operating activities	5,873	1,367
Investing activities:
Capital expenditures	(1,697)	(1,025)
Net cash used in investing activities	(1,697)	(1,025)
Financing activities:
Proceeds from issuance of common stock	2,115	61
Cash dividends paid on common and Class B common stock	(880)	(857)
Other	(192)	(99)
Net cash provided by (used in) financing activities	1,043	(895)
Effect of exchange rate changes on cash and cash equivalents	(83)	306
Increase (decrease) in cash and cash equivalents	5,136	(247)
Cash and cash equivalents at beginning of period	31,779	35,901
Cash and cash equivalents at end of period	36,915	35,654
Non-cash activities:
Right of use assets obtained in exchange for lease liabilities	$ 2,466	$ 22

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 29, 2026	May 30, 2026
Current assets:
Cash and cash equivalents	$ 36,915	$ 31,779
Accounts receivable, less allowance for credit losses of $274 and $350, respectively	34,939	33,162
Inventories, net	103,280	103,020
Prepaid expenses and other assets	4,441	4,770
Total current assets	179,575	172,731
Non-current assets:
Property, plant and equipment, net	19,806	19,003
Intangible assets, net	270	285
Right of use lease assets, net	3,520	1,389
Deferred income tax assets, net	8,300	8,346
Other non-current assets	223	263
Total non-current assets	32,119	29,286
Total assets	211,694	202,017
Current liabilities:
Accounts payable	22,648	19,593
Accrued liabilities	14,938	15,989
Lease liabilities current	1,049	787
Total current liabilities	38,635	36,369
Non-current liabilities:
Deferred income tax liabilities	176	177
Lease liabilities non-current	2,471	602
Other non-current liabilities	1,187	1,168
Total non-current liabilities	3,834	1,947
Total liabilities	42,469	38,316
Commitments and contingencies (Note 3)
Stockholders’ Equity
Additional paid-in-capital	79,555	76,950
Retained earnings	85,463	82,284
Accumulated other comprehensive income	3,463	3,736
Total stockholders' equity	169,225	163,701
Total liabilities and stockholders’ equity	211,694	202,017
Common Stock
Stockholders’ Equity
Common stock value	642	629
Common Class B
Stockholders’ Equity
Common stock value	$ 102	$ 102