Richardson Electronics

Richardson Electronics Ltd. engages in the provision of engineered solutions and distributes electronic components to the electron device marketplace. It operates through the following segments: Power and Microwave Technologies Group (PMT), Canvys, and Healthcare. The PMT segment provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair-all through its existing global infrastructure. The Canvys segment offers customized display solutions serving the corporate enterprise, financial, healthcare, industrial, and medical original equipment manufacturers markets. The Healthcare segment manufactures, refurbishes, and distributes replacement parts for the healthcare market including hospitals, medical centers, asset management companies, independent service organizations, and multi-vendor service providers. The company was founded on May 31, 1947 and is headquartered in LaFox, IL.

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Richardson Electronics reports robust Q2 growth, eyes green energy

Richardson Electronics delivered strong financial results in Q2 2023, driven by sales growth in key segments and strategic investments in innovation and customer relationships.
Challenges in healthcare and supply chain management require attention, but the company's focus on growth areas like green energy and electric vehicles bodes well for future performance.
Overall, Richardson Electronics remains optimistic about future prospects, emphasizing profitability, innovation, and market expansion as key drivers of success.

RELL reports challenging Q1, anticipates sales reacceleration and expansion opportunities

RELL faced challenges in Q1 fiscal year 2024, with declining net sales and impacted divisions. However, the company is actively pursuing opportunities for sales reacceleration, expansion, and new production orders, while maintaining stable performance in Canvys.

Richardson Electronics reports record FY 2023 performance and eyes green energy growth

Richardson Electronics had a standout year in FY 2023, driven by organic growth strategies and the successful launch of Green Energy Solutions.
While facing challenges in the semiconductor market, the company is optimistic about leveraging green energy projects for future growth.
Strong performance in Canvys and Richardson Healthcare, coupled with inventory management strategies, supported financial stability.
Opportunities lie in expanding the Green Energy Solutions business, potential stock buybacks, and meeting high demand for specific products.

Richardson Electronics reports Q1 challenges and opportunities for growth

Richardson Electronics faced challenges in Q1 2024 due to economic conditions and semiconductor market downturn, impacting GES sales.
Despite lower sales, the company improved gross margin and remained profitable, with strengths in PMT and Canvys segments.
Opportunities lie in GES projects' revenue potential, stock buybacks, and Board restructuring for enhanced shareholder value.
Addressing challenges in GES sales delays and market undervaluation while leveraging strengths in PMT and Canvys segments.

Richardson Electronics faces Q2 losses but eyes growth opportunities

Richardson Electronics faces challenges from economic conditions but maintains a strong balance sheet and focus on growth initiatives.
The company is optimistic about future growth opportunities in green energy solutions and the electric locomotive market.
Despite Q2 financial setbacks, Richardson Electronics is strategically positioned for anticipated demand recovery in 2024.
Operational improvements in Canvys sales and product expansions signal potential for revenue growth in upcoming quarters.

Richardson Electronics (RELL) returns to profitability, eyes growth opportunities

Richardson Electronics (RELL) showcased a strong performance in Q3 2024, returning to profitability and reporting sales growth.
The company's strengths lie in inventory management improvements, strong sales in GES and healthcare divisions, and ongoing market programs.
Challenges include semiconductor sales decline, stock buyback considerations, and addressing cyclicality in the business.
Opportunities abound with partnerships like Ideal Power, offering avenues for product development and market expansion.

Richardson Electronics addresses challenges, focuses on margin improvement

Richardson Electronics navigated challenges in fiscal 2024 by focusing on margin improvement and reducing inventory. Despite lower sales, the company ended the year with no debt and $24.3 million in cash. Strong bookings and backlog growth were observed in GES and PMT, with Healthcare division sales increasing.

Richardson Electronics reports mixed Q1 results, eyes growth opportunities

Richardson Electronics' Q1 performance reflects mixed results across segments, with notable growth in green energy and healthcare businesses.
While facing challenges in gross margin and operating income, the company maintains a strong cash position and positive operating cash flow.
Opportunities lie in the GES segment's strong growth, healthcare division expansion, and strategic focus on green energy and semiconductor markets.
Careful cash flow management and inventory optimization are key priorities amidst growth initiatives and market opportunities.

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Richardson Electronics Ltd. engages in the provision of engineered solutions. It operates through the following segments: Power and Microwave Technologies Group (PMT), Green Energy Solutions GES), Canvys, and Healthcare. The PMT segment provides engineering solutions capabilities, power grid, and microwave tube business. The GES segment focuses on products for numerous green energy applications. The Canvys segment offers customized display solutions serving the corporate enterprise, financial, healthcare, industrial, and medical original equipment manufacturers markets. The Healthcare segment manufactures, refurbishes, and distributes replacement parts for the healthcare market including hospitals, medical centers, asset management companies, independent service organizations, and multi-vendor service providers. The company was founded on May 31, 1947 and is headquartered in LaFox, IL.

Brings Increased Capabilities to the Company's Portfolio of RF and Microwave Products Brings Increased Capabilities to the Company's Portfolio of RF and Microwave Products

Microwave Components, Inc. Joins Richardson Electronics, Ltd. Portfolio of Technology Partners

Richardson Electronics, Ltd. (RELL) Q2 2024 Earnings Call Transcript

Richardson Electronics (RELL) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.39 per share a year ago.

Richardson Electronics (RELL) Reports Q2 Loss, Misses Revenue Estimates

Results reflect challenging economic conditions as well as decline in sales to semiconductor wafer fab customers and project delays across the Company's GES business.

Richardson Electronics Reports Second Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend

LAFOX, Ill., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its second quarter ended December 2, 2023 after the close of business on Wednesday, January 10, 2024. The release will be distributed by GlobeNewswire and will be available on the Company's website at www.rell.com.

Richardson Electronics Announces Date of Second Quarter Fiscal Year 2024 Conference Call

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New partnership expands Company's growth opportunities within the Renewable Energy market New partnership expands Company's growth opportunities within the Renewable Energy market

Richardson Electronics, Ltd. and Integrated Power Services (IPS) Announce Partnership to Bring Patented ULTRA3000® to Key Wind Owner Operators

Richardson Electronics, Ltd. (NASDAQ:RELL ) Q1 2024 Earnings Call Transcript October 12, 2023 10:00 AM ET Company Participants Edward Richardson - Chairman of the Board, CEO & President Robert Ben - Chief Financial Officer Greg Peloquin - General Manager, Power & Microwave Technologies Group, Green Energy Solutions Wendy Diddell - Chief Operating Officer and General Manager for Richardson Healthcare Jens Ruppert - General Manager, Canvys Conference Call Participants Anja Soderstrom - Sidoti P.

Richardson Electronics, Ltd. (RELL) Q1 2024 Earnings Call Transcript

Richardson Electronics (RELL) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.45 per share a year ago.

Richardson Electronics (RELL) Q1 Earnings and Revenues Beat Estimates

First Quarter Highlights Net sales of $52.6 million were down $15.0 million, or 22.2% from last year's first quarter primarily due to a near-term reduction in sales to semiconductor wafer fab customers, and a timing-related reduction in ultracapacitor module sales to replace lead acid batteries in existing wind turbines. A challenging economic backdrop accounted for the remainder of the year-over-year decline in sales.

Richardson Electronics Reports First Quarter Fiscal 2024 And Declares Quarterly Cash Dividend

Richardson Electronics has experienced rapid success in its Green Energy Solutions segment, which has grown from $10mm to $50mm in 3 years. RELL's distribution capabilities and expertise in niche technologies position it well to benefit from the long-term trends in green energy. The company's capital allocation strategy favors organic growth and conservative acquisitions, but it is poised for aggressive expansion given the large opportunity set.

Richardson Electronics: A Niche Specialist

LAFOX, Ill., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its first quarter ended September 2, 2023 after the close of business on Wednesday, October 11, 2023. The release will be distributed by GlobeNewswire and will be available on the Company's website at www.rell.com.

Richardson Electronics Announces Date of First Quarter Fiscal Year 2024 Conference Call

Newly issued patent to support the Company's growth opportunities within energy storage solutions Newly issued patent to support the Company's growth opportunities within energy storage solutions

Richardson Electronics, Ltd. Receives Patent for Its Ultracapacitor Generator Start Module - ULTRAGEN3000™

Richardson Electronics (RELL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Richardson Electronics (RELL) Q1 Earnings Expected to Decline

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Presentation on Tuesday, October 3rd at 10:30 A.M. PT / 1:30 P.M.

Richardson Electronics, Ltd. to Attend the LD Micro Invitational XVI

Richardson Electronics has potential for long-term growth in its Green Energy Solutions Business, but short-term risks include dependence on the semiconductor market. The company has pursued organic growth strategies and improved its financials, with increased sales and net income. However, challenges include the cyclical nature of the semiconductor market, supply chain disruptions, and the need for skilled engineering talent. Quarterly performance has shown a decline in revenue and net income.

Richardson Electronics: Softer Sales Guidance, Semiconductor Headwinds (Rating Downgrade)

Richardson Electronics' stock priced has dropped significantly, providing a potential buying opportunity. The company might be undervalued, as the market does not seem to recognize its fast growth in green energy solutions. There are some risks concerned with this stock though, especially a build-up in inventory.

Richardson Electronics: Pivoting Into A Green Energy Solutions Company?

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Richardson Electronics, Ltd. Introduces New Consumables for Fiber Lasers at FABTECH 2023

Investors need to pay close attention to Richardson Electronics (RELL) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Richardson Electronics (RELL) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Richardson Electronics (RELL) Right Now?

LAFOX, Ill., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions for the green energy, power management, custom display, and healthcare markets, today announced Edward J. Richardson, Chief Executive Officer, will present at the Midwest IDEAS Investor Conference on Wednesday, August 23, 2023, at The Gwen in Chicago, IL. Richardson Electronics' presentation is scheduled to begin at 1:20 P.M. CT. The presentation will be webcast and can be accessed through the conference host's main website: https://www.threepartadvisors.com/midwest and in the investor relations section of the Company's website: Investor Relations | Financial News | Richardson Electronics (rell.com).

Richardson Electronics, Ltd. to Present and Host 1x1 Investor Meetings at the 14th Annual Midwest IDEAS Investor Conference on August 23rd in Chicago, IL

LAFOX, Ill., July 24, 2023 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd.

Richardson Electronics, Ltd. Upgrades Headquarters to Accommodate Growing Green Energy Solutions Business Unit

Richardson Electronics, Ltd. (NASDAQ:RELL ) Q4 2023 Results Conference Call July 20, 2023 10:00 AM ET Company Participants Ed Richardson - Chairman of the Board, CEO & President Robert Ben - Chief Financial Officer Wendy Diddell - Chief Operating Officer and General Manager for Richardson Healthcare Greg Peloquin - General Manager, Power & Microwave Technologies Group, Green Energy Solutions Jens Ruppert - General Manager, Canvys Conference Call Participants Michael Hughes - SGF Capital Management Anja Soderstrom - Sidoti Ross Taylor - ARS Investment Partners Barry Mendel - Mendel Money Management Operator Good day, and thank you for standing by.

Richardson Electronics, Ltd. (RELL) Q4 2023 Earnings Call Transcript

Richardson Electronics' recent Q4 report arrived with weaker-than-expected sales and earnings. The stock looks cheaply valued by some metrics, but it's hard to tell where the business is heading next.

Why Richardson Electronics Stock Is Plummeting Today

Richardson Electronics (RELL) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.31 per share a year ago.

News for Richardson Electronics Stock (RELL)