RICHARDSON ELECTRONICS REPORTS STRONG FIRST QUARTER RESULTS; DECLARES QUARTERLY CASH DIVIDEND

First quarter net sales increased 18.9% year over year, with growth across all three business units

First quarter net income increased 112.6% to $4.1 million, or $0.27 per common share (diluted)

Company generated free cash flow of $4.2 million for first quarter

Backlog at August 29, 2026 was $184.4 million, up 36.9% year-over-year

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