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RICHARDSON ELECTRONICS, LTD. REPORTSTHIRD QUARTER AND FISCAL 1993 RESULTS

 LAFOX, Ill., March 17 /PRNewswire/ -- Richardson Electronics, Ltd. (NASDAQ-NMS: RELL) reported revenues and earnings results for the third quarter and nine months ended Feb. 28, 1993.
 The company announced sales for the third quarter of $38,086,000, down 5 percent from last year's total of $40,045,000. Sales for the nine month period were $115,893,000, compared to $117,668,000 the prior year. The sales decline was attributable to economic conditions, particularly in Europe, which have severely impacted sales of power grid tubes for the broadcast and industrial markets.
 The consolidation of U.S. manufacturing operations into the company's Brive, France facility was projected to eliminate under- absorption by the third quarter of fiscal 1993. The plan is running behind schedule, primarily due to production yield problems which generated an under-absorption of $711,000 in the third quarter and $1,619,000 for the first nine months of the year. The company hopes to eliminate under-absorption in Brive as the consolidation is completed in fiscal 1994.
 Net income for the third quarter was $236,000 or $.02 per share, compared with net income of $222,000 or $.02 per share for the same period last year. For the nine month period earnings increased to $2,379,000 or $.21 per share, up from last year's $778,000 or $.07 per share.
 Edward J. Richardson, chairman and CEO of Richardson Electronics stated, "While sales in Europe and Latin America were disappointing, sales in the United States were up for the quarter and year to date periods, mainly due to continued growth by the Display Products and Solid State and Components strategic business units."
 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)
 Period Ended Three Months Nine Months
 Feb. 28/29 Feb. 28/29
 1993 1992 1993 1992
 Net sales $ 38,086 40,045 115,893 117,668
 Costs and Expenses:
 Cost of
 products sold 26,786 27,707 79,961 81,786
 Selling, general and
 administrative 9,718 10,154 27,659 30,058
 Other expenses,
 net 1,206 1,567 4,494 4,266
 37,710 39,428 112,114 116,110
 Income before
 income taxes 376 617 3,779 1,558
 Income Taxes 140 395 1,400 780
 Net Income 236 222 2,379 776
 Net Income
 per share .02 .02 .21 .07
 Dividends declared per
 common share .04 .04 .12 .12
 Average shares
 outstanding 11,417 11,263 11,331 11,211
 -0- 3/17/93
 /CONTACT: Edward J. Richardson, chairman & CEO of Richardson Electronics, Ltd., 708-208-2200/
 (RELL)


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

LD -- NY095 -- 7227 03/17/93 18:42 EST
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Date:Mar 17, 1993
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