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.

Earnings data Q3 2021

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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.

LAFOX, Ill., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), announces a global distribution agreement with Wakefield Thermal Management products, expanding its range of heat sinks and related products for thermal management applications.

Richardson Electronics, Ltd. Continues Expansion of Power Management Capabilities with Wakefield Thermal Management

LAFOX, Ill., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), announces a new global distribution agreement with Maury Microwave.

Richardson Electronics Continues Expansion of 5G and Wireless, Test & Measurement Capabilities with Maury Microwave

Includes showcasing products at Key Energy – Renewable Energy Expo in Italy Includes showcasing products at Key Energy – Renewable Energy Expo in Italy

Richardson Electronics Announces European Expansion for ULTRA3000® Series - Energy Storage and Power Delivery Modules

Richardson Electronics, Ltd. (RELL) CEO Ed Richardson on Q1 2022 Results - Earnings Call Transcript

PMT, Canvys and Healthcare Revenues Grow Versus Q1 FY21

Richardson Electronics Reports First Quarter Fiscal 2022 Net Income of $2.6 Million and Declares Quarterly Cash Dividend

Presentation on Wednesday, October 13, 2021 at 10:30 A.M. PT / 1:30 P.M. ET Presentation on Wednesday, October 13, 2021 at 10:30 A.M. PT / 1:30 P.M. ET

Richardson Electronics, Ltd. to Present at LD Micro Main Event

LAFOX, Ill., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its first quarter ended August 28, 2021 after the close of business on Wednesday, October 6, 2021. The release will be distributed by GlobeNewswire and will be available on the Company's website at w w w.rell.com .

Richardson Electronics Announces Date of First Quarter Fiscal Year 2022 Conference Call

LAFOX, Ill., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions for numerous applications including renewable energy, semiconductor wafer fabrication components, replacement parts and tubes for CT scanners and MRI equipment, and custom displays is pleased to announce it has retained SM Berger & Company, Inc. to lead its investor relations strategy.

Richardson Electronics Selects SM Berger & Company, Inc. to Lead Strategic Investor Relations Program

Richardson is a turnaround situation with accelerating revenues, a strong balance sheet, and rapidly increasing earnings.

Richardson Electronics Is Cutting Edge ESG, Profitable, And Growing Yet Trades Below Book

LAFOX, Ill., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today announced that it will be presenting at the Sidoti Virtual Investor Conference on Wednesday, August 18, 2021 from 1:30 p.m. to 2 p.m. CDT. Edward J. Richardson, Chairman and CEO, will be presenting and meeting with investors throughout the day on August 18th and 19th. The company will be discussing its recent fiscal year performance as well as highlighting its growth initiatives and launch of its patented ULTRA3000® Pitch Energy Module (PEM), an ultracapacitor-based plug and play replacement for batteries within GE wind turbine pitch systems.

Richardson Electronics, Ltd. to Present at the Sidoti Virtual Investor Conference on August 18, 2021

Newly Issued Patent to Allow Replacement of Wind Turbine Batteries with Ultracapacitors Newly Issued Patent to Allow Replacement of Wind Turbine Batteries with Ultracapacitors

Richardson Electronics Receives Patent for a Pitch Energy System for Wind Turbines

Richardson Electronics, Ltd. (RELL) CEO Edward Richardson on Q4 2021 Results - Earnings Call Transcript

Richardson Electronics Ltd (NASDAQ: RELL) reported fourth-quarter FY21 net sales growth of 35.1% year-on-year to $50.5 million, beating the analyst consensus of $37.36 million. Sales growth for Healthcare, PMG, Canvys, and Semiconductor Wafer Fabrication Equipment products drove the numbers.

Richardson Electronics Beats On Q4 Revenue, Declares Dividend

Healthcare, PMG, Canvys and Semiconductor Wafer Fab Revenues Grow Versus Q4 FY20;  Higher ALTA750™  Tube Sales

Richardson Electronics Reports Fourth Quarter Fiscal 2021 Net Income of $1.9 Million; Fiscal 2021 Net Income of $1.7 Million and Non-GAAP Net Income* of $3.3 Million; Declares Quarterly Cash Dividend

LAFOX, Ill., July 14, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its fourth quarter and fiscal year ended May 29, 2021 after the close of business on Wednesday, July 21, 2021. The release will be distributed by GlobeNewswire and will be available on the Company's website at w w w.rell.com .

Richardson Electronics Announces Date of Fourth Quarter Fiscal Year 2021 Conference Call

Custom Display Solution for Medical and Industrial Applications Custom Display Solution for Medical and Industrial Applications

Canvys Announces New 10.1″ HD Monitor

LAFOX, Ill., June 02, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) will be exhibiting in both the in-person and virtual International Microwave Symposium (IMS) 2021 events. The in-person IMS show will be in Atlanta Georgia at the Georgia World Congress Center from June 7th to June 10th. Richardson Electronics will be located at Booth# 1310. The virtual event will be held June 20-25, 2021.

Richardson Electronics, Ltd. to Showcase Key RF and Microwave Suppliers at the 2021 International Microwave Symposium

Generator Start Module Solution for Wireless Telecom Industry Generator Start Module Solution for Wireless Telecom Industry

Richardson Electronics, Ltd. Signs Exclusive Manufacturing and Distribution Agreement with Battery Street Energy

LAFOX, Ill., April 14, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) announced today they are now offering two of Quantum Microwave's newest components, a cryogenic bias tee and a cryogenic choke, both of which operate over a frequency range of 3 MHz to 10 GHz.

Richardson Electronics, Ltd. Announces Availability of New Cryogenic Components from Quantum Microwave

Richardson Electronics, Ltd. (RELL) CEO Edward Richardson on Q3 2021 Results - Earnings Call Transcript

LAFOX, Ill., April 08, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) announces the FET-Jet calculator by UnitedSiC, an excellent tool to find the most optimized SiC device in the early stages of power design.

Richardson Electronics Highlights New UnitedSiC FET-Jet Calculator

Healthcare, PMG and Semiconductor Wafer Fab Revenues Grow Versus Q3 FY20; Higher  ALTA750™  Tube Sales

Richardson Electronics Reports Third Quarter Fiscal 2021 Net Income of $0.2 Million and Non-GAAP Net Income* of $1.8 Million; Declares Quarterly Cash Dividend

LAFOX, Ill., March 31, 2021 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its third quarter ended February 27, 2021 after the close of business on Wednesday, April 7, 2021. The release will be distributed by GlobeNewswire and will be available on the Company's website at w w w.rell.com .

Richardson Electronics Announces Date of Third Quarter Fiscal Year 2021 Conference Call

Custom Display Solution for Smart Industrial and Medical Applications Custom Display Solution for Smart Industrial and Medical Applications

Canvys Announces New 15.6 inch Display with FHD Resolution

0.8mm Connectors for Applications Up To 145 GHz 0.8mm Connectors for Applications Up To 145 GHz

News for Richardson Electronics Stock (RELL)