Richey Electronics Inc.: The Garden Grove company,...

Richey Electronics Inc.: The Garden Grove company, doing business as Richey Cypress Electronics, posted net income of $680,000, or 12 cents a share, for the first quarter, 92% higher than the $355,000, or 6 cents a share, reported for the 1994 first quarter. Sales rose 32% to $26.6 million from $20.2 million.