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RICHARDSON ELECTRONICS, LTD. REPORTS FOURTH QUARTER AND FISCAL 1993 RESULTS AND FIRST QUARTER CASH DIVIDEND

 /Following is a repeat from yesterday to points needed./
 LAFOX, Ill., July 15 /PRNewswire/ -- Richardson Electronics, Ltd. (NASDAQ-NMS: RELL) reported revenues and earnings results for the fourth quarter and fiscal year ended May 31, 1993.
 The company announced sales for the quarter of $43,322,000, up 5 percent from last year's total of $41,121,000. Fourth quarter sales for Solid State & Components were up 18 percent, to $9,021,000, and the Electron Device Group's sales were up 7 percent, to $26,591,000. Display Products sales were down 4 percent from a very strong fourth quarter in fiscal 1992, to $5,237,000. Security Systems' sales were down 26 percent, to $2,473,000, reflecting a more competitive market. Sales for fiscal 1993 were $159,215,000, up slightly from $158,789,000 for the prior year.
 Gross margin for the fourth quarter declined to 26.9 percent in fiscal 1993 from 32.4 percent of sales in fiscal 1992. Contributing to the lower margin in the current quarter were continued manufacturing inefficiencies at the company's Brive, France facility, changes in product mix, and annual adjustments to estimated provisions for LIFO and overstock charges. Brive's manufacturing underabsorption totaled $1,451,000 in the current quarter versus $210,000 last year. Gross margin for the full year declined to 29.9 percent of sales in fiscal 1993 from 31.0 percent of sales in fiscal 1992.
 The net income for the fourth quarter was $423,000 or $.04 per share, compared with net income of $929,000 or $.08 per share for the same period last year. Net income for the year was $2,802,000 or $.25 per share, compared to $1,707,000 or $.15 per share for the prior year.
 Edward J. Richardson, chairman & CEO of Richardson commented, "Fiscal 1993 was a year of slow and steady improvement, although sales and earnings were well below plan. The experiences and results of fiscal 1993 indicate that the 5 year sales objectives announced at our annual meeting last year may not be obtainable in our original time frame. However, we are seeking ways and opportunities to correct the situation. We are encouraged by the sales growth in the fourth quarter. In particular, the Electron Device Group appears to have turned the corner, with their best quarter since the dissolution of the Vasco partnership with Varian Associates in 1991. Our greatest challenge is in Brive, where we will continue to focus our efforts on improving specific product yields and overall labor performance. In addition, spending in other areas is being evaluated for potential savings."
 The company also announced that its board of directors voted to declare a cash dividend for the first quarter to all holders of common stock. A dividend of $.04 per share will be payable Sept. 15, 1993 to all shareholders of record Aug. 25, 1993. The company currently has 8,019,757 shares of common stock outstanding. A dividend of 90 percent of the dividend paid on the common stock will be paid to the holders of the 3,247,543 shares of Class B Common Stock.
 Richardson Electronics, Ltd. is a leading international distributor and manufacturer of electron tubes and power semiconductors with 20 locations throughout the world. Its stock is traded on the NASDAQ National Market System under the symbol "RELL."
 RICHARDSON ELECTRONICS, LTD.
 Consolidated Condensed Statements of Income
 (In thousands, except per share amounts)
 Periods ended May 31 Three Months Year

 1993 1992 1993 1992
 Net sales $43,322 $41,121 $159,215 $158,789
 COST OF EXPENSES:
 Cost of products sold 31,659 27,814 111,620 109,600
 Selling, general and
 administrative expenses 10,411 10,889 38,070 40,947
 Other expenses, net 529 1,119 5,023 5,385
 Total 42,599 39,822 154,713 155,932
 Income before income taxes 723 1,299 4,502 2,857
 Income taxes 300 370 1,700 1,150
 Net income $ 423 $ 929 $ 2,802 $ 1,707
 Net income per share $ .04 $ .08 $ .25 $ .15
 Dividends declared per
 common share $ .04 $ .04 $ .16 $ .16
 Average shares outstanding 11,345 11,285 11,335 11,230
 -0- 7/15/93 R
 /CONTACT: Edward J. Richardson, president & CEO of Richardson Electronics, Ltd., 708-208-2200/
 (RELL)


CO: Richardson Electronics, Ltd. ST: Illinois IN: CPR SU: ERN

TM -- NY111 -- 2346 07/16/93 09:06 EDT
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Date:Jul 16, 1993
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