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.

This value stock got a deserved boost following another strong quarter.

Why Richardson Electronics Stock Jumped Earlier Today

Richardson Electronics (RELL) delivered earnings and revenue surprises of 87.50% and 8.26%, respectively, for the quarter ended August 2022. Do the numbers hold clues to what lies ahead for the stock?

Richardson Electronics (RELL) Q1 Earnings and Revenues Surpass Estimates

Ninth Consecutive Quarter of Sequential Revenue Growth; Introduces New Green Energy Reporting Segment

Richardson Electronics Reports First Quarter Fiscal 2023 Net Income Of $6.3 Million Or 9.4% Of Sales; Declares Quarterly Cash Dividend

LAFOX, Ill., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) announced a new product adding to its portfolio of green energy solutions. The new ULTRAVOLTAGE3000 is a voltage discharge tool used for removing stored energy in ultracapacitors. Based on customers' needs, the ULTRAVOLTAGE3000 removes stored energy within various ultracapacitor applications, allowing technicians to work in otherwise hazardous enclosures without the risk of releasing stored energy or electrical energy shock.

Richardson Electronics, Ltd. Announces New Patent Pending ULTRAVOLTAGE3000 - A Voltage Discharge Device for Ultracapacitors

LAFOX, Ill., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its first quarter ended August 27, 2022 after the close of business on Wednesday, October 5, 2022. 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 2023 Conference Call

LAFOX, Ill., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) announced today the company will be exhibiting at WindEnergy Hamburg 2022. The event will be held at the Hamburg Messe und Congress GmbH in Hamburg, Germany on September 27-30, 2022. With over 1,400 attendees, this event brings together exhibitors focused on developing wind energy solutions for both on-shore and off-shore systems.

Richardson Electronics, Ltd. Participating in WindEnergy Hamburg 2022

A Drop-In Replacement Tool for Both Battery and Ultracapacitor Based Systems A Drop-In Replacement Tool for Both Battery and Ultracapacitor Based Systems

Richardson Electronics, Ltd. Announces New Patent Pending Shunt Resistor Accessory for ULTRA3000® Pitch Energy Module

Once given up for dead, then a successful turnaround, Richardson is now a legitimate growth company. It has four major new products with large TAMs in secular growth markets such as renewable energy, lab grown diamonds, and EVs.

Richardson Electronics New Products Should Drive Growth Right Through A Recession

Here is how Richardson Electronics (RELL) and Amtech Systems (ASYS) have performed compared to their sector so far this year.

Is Richardson Electronics (RELL) Outperforming Other Computer and Technology Stocks This Year?

LAFOX, Ill., Aug. 15, 2022 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) announced today the company will be exhibiting at the Korean Institute of Electromagnetic Engineering and Science (KIEES) 2022 Summer Symposium (Booth 39). The event will be held at the Ramada Plaza on Jeju Island in South Korea on August 17-20, 2022. With over 1000 attendees, this event will focus on the latest findings in Radio Frequency (RF) and Microwave topics, including:

Richardson Electronics Participating in 2022 KIEES Summer Academic Conference in South Korea

Here is how Richardson Electronics (RELL) and Sierra Wireless (SWIR) have performed compared to their sector so far this year.

Has Richardson Electronics (RELL) Outpaced Other Computer and Technology Stocks This Year?

Engineered with features specific to medical environment integration Engineered with features specific to medical environment integration

Canvys Launches New Medical 32-inch 4K Monitor with up to 12G-SDI

LAFOX, Ill., July 28, 2022 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) announces the addition of three new field sales engineers in North America, France, and Malaysia.

Richardson Electronics, Ltd. Strengthens Power & Microwave Technology in North America, France, and Malaysia with Field Engineering Support

Richardson Electronics, Ltd. (NASDAQ:RELL ) Q4 2022 Results Conference Call July 21, 2022 10:00 AM ET Company Participants Edward Richardson - Chief Executive Officer Robert Ben - Chief Financial Officer Wendy Diddell - Chief Operating Officer and General Manager for Richardson Healthcare Gregory Peloquin - General Manager of our Power & Microwave Technologies Group Jens Ruppert - Executive Vice President & General Manager at Canvys Conference Call Participants Anja Soderstrom - Sidoti & Company Ross Taylor - ARS Investment Partners Walter Schenker - MAZ Partners Operator Good day and thank you for standing by.

Richardson Electronics, Ltd. (RELL) CEO Edward Richardson on Q4 2022 Results - Earnings Call Transcript

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Strong Relative Price Strength Makes These 5 Stocks a Buy

Eighth Consecutive Quarter of Sequential Revenue Growth; Fiscal Year 2022 revenue growth of 26.9% over Fiscal Year 2021

Richardson Electronics Reports Fourth Quarter Fiscal 2022 Net Income of $8.3 Million and Fiscal Year 2022 Net Income of $17.9 Million; Declares Quarterly Cash Dividend

Richardson Electronics, long a “dog” stock with a lousy corporate governance structure, is having its day. It has a few new products that are finding eager audiences.

Richardson Electronics Is Having An Interesting Product Cycle

LAFOX, Ill., July 13, 2022 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its fourth quarter and fiscal year ended May 28, 2022 after the close of business on Wednesday, July 20, 2022. 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 Fourth Quarter Fiscal Year 2022 Conference Call

High-Performance Products Enhance RF & Microwave Portfolio High-Performance Products Enhance RF & Microwave Portfolio

Richardson Electronics, Ltd. Announces Global Sales Distribution Agreement with Altum RF

ALTA750® CT Tube Now Available for Sale in Canada ALTA750® CT Tube Now Available for Sale in Canada

Richardson Healthcare Receives MDSAP Certification and Expands CT Tube Business into Canada

If you want to beat the market, you have to own stocks that are outperforming the market.

The One Simple Measure to Identify Outperformers

LAFOX, Ill., June 15, 2022 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) announced today its Power & Microwave Technologies group will be participating in the International Microwave Symposium (IMS2022) conference in Denver, Colorado, June 21-23, 2022.

Richardson Electronics – Power & Microwave Technologies Participating in IMS2022 Conference

Engineered for medical and industrial applications Engineered for medical and industrial applications

Canvys Introduces New 18.5-inch Full HD Display for Custom OEM Display Solutions

Preliminary FY22 fourth quarter net sales expected to increase 19.9%-23.8% year-over-year to $60.5 – $62.5 million; total backlog increases to $206.2 million Preliminary FY22 fourth quarter net sales expected to increase 19.9%-23.8% year-over-year to $60.5 – $62.5 million; total backlog increases to $206.2 million

Richardson Electronics Sets New Quarterly Sales Record Since 2011

Presentation on Wednesday, June 8 at 2:30 P.M. PT / 5:30 P.M. ET Presentation on Wednesday, June 8 at 2:30 P.M. PT / 5:30 P.M. ET

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