Welcome to our dedicated page for Richardson Electrs news (Ticker: RELL), a resource for investors and traders seeking the latest updates and insights on Richardson Electrs stock.
Richardson Electronics, Ltd. (NASDAQ: RELL) news covers developments for a global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, power conversion, RF and microwave components, diagnostic imaging tubes, and customized display solutions. As a participant in business-to-business electronic markets and the wholesale trade sector, the company regularly releases updates that are relevant to investors, customers, and partners.
News about Richardson Electronics often includes quarterly and annual earnings results, where the company discusses net sales trends, segment performance across Power and Microwave Technologies (PMT), Green Energy Solutions (GES), and Canvys, and commentary from management. These releases may highlight factors such as growth in green energy solutions, semiconductor wafer fabrication-related sales, or customized display demand, as well as information on operating income, cash position, and the use of non-GAAP measures like EBITDA.
Investors following RELL news will also see announcements of quarterly cash dividends on common and Class B common stock, conference call schedules to discuss financial results, and participation in investor conferences. The company’s communications describe its strategy of providing specialized technical expertise and engineered solutions, and may reference developments in energy storage, power management, and partnerships in renewable energy applications.
In addition, Richardson Electronics issues news on business initiatives and partnerships, such as efforts to expand Made-in-USA contract manufacturing, collaborations in wind energy pitch control systems, and expansion of its green energy and power management offerings. For users tracking RELL, this news feed provides a centralized view of financial disclosures, strategic announcements, and operational updates. Bookmark this page to access an organized stream of Richardson Electronics news and related market communications.
Summary not available.
Richardson Electronics, Ltd. (NASDAQ: RELL) will present at the Sidoti & Company Virtual Micro Cap Investor Conference on May 11 and 12, 2022. Chairman and CEO Edward J. Richardson will deliver a presentation on May 11 at 12:15 P.M. ET. The company will discuss its performance for the third quarter of fiscal year 2022 and update investors on growth initiatives, including the ULTRA3000® Pitch Energy Module and other green energy solutions. Registration for the event is free, and a replay of the presentation will be available for 90 days.
Richardson Electronics will showcase its patented ULTRA3000® pitch energy module at the CLEANPOWER 2022 event on May 16-18 in San Antonio, TX. This ultracapacitor-based technology is designed for wind turbine power management, offering advantages over traditional lead-acid batteries including reduced installation costs and decreased downtime. With a robust operational history, the ULTRA3000® aligns with Richardson's 75-year legacy of providing engineered solutions in various industries. Attendees can visit booth #2122 for more insights into their innovations.
Summary not available.
Richardson Electronics, Ltd. (NASDAQ: RELL) reported net sales of $55.3 million for Q3 FY2022, up 22.3% year-over-year. All business units contributed to this growth, with backlog increasing to $175.6 million. Gross margin decreased to 31.8% due to product mix and rising freight costs. Operating income for the quarter was $3.6 million, significantly up from $0.3 million in Q3 FY2021, and net income rose to $2.9 million from $0.2 million.
The company declared a $0.06 quarterly cash dividend, reflecting confidence in continued growth.
Richardson Electronics, Ltd. (NASDAQ: RELL) will announce its financial results for the third quarter ended February 26, 2022, on April 6, 2022. The results will be available on its website and via GlobeNewswire. A conference call is scheduled for April 7, 2022, at 9:00 a.m. CT, where CEO Edward J. Richardson and CFO Robert J. Ben will discuss the results along with a Q&A session. The company specializes in engineered solutions across multiple sectors, including healthcare and alternative energy, with over 60% of products manufactured in the U.S. and Germany.
Richardson Electronics has announced the issuance of U.S. Patent No. 11,257,652, which covers a conductive coating applied to the insulator of X-ray tubes. This innovation aims to enhance manufacturing efficiency, reduce waste, and improve recyclability of components. The coating allows for lower temperature application, preserving sensitive insulator parts. According to Wendy Diddell, the COO, this development aims to lower healthcare costs and improve component sustainability. Richardson plans to integrate this technology into future CT tube manufacturing programs.
Richardson Electronics (NASDAQ: RELL) will showcase its patented ULTRA3000 pitch energy module at the ACP O&M and Safety Conference from March 8-10, 2022, in San Diego, CA. The ULTRA3000 technology enhances energy storage and power management for wind turbine systems, offering ease of installation and reduced downtime by replacing traditional lead-acid batteries. The company aims to expand its product portfolio with innovative solutions for clean energy. The conference addresses critical industry challenges related to health, safety, and operations.
Richardson Electronics (NASDAQ: RELL) announces the launch of SemiQ’s 1200V 80mΩ SiC MOSFETs, expanding their silicon carbide portfolio. These two new MOSFET models, GP2T080A120U and GP2T080A120H, enhance design flexibility for high-performance applications, including electric vehicles and data centers. The new products outperform legacy silicon IGBTs by providing faster switching and lower losses, which can lead to reduced system size and cooling needs. Samples are available upon request, reinforcing Richardson's commitment to supporting customers in developing cutting-edge technology.
Richardson Electronics (NASDAQ: RELL) reported a robust second quarter for fiscal 2022, with net sales of $54.0 million, reflecting a 27.3% increase year-over-year. Key growth areas included PMT, Canvys, and Healthcare, leading to an operating income of $4.5 million and net income of $4.1 million. Although gross margin decreased to 32.7% from 33.8% due to product mix and higher freight costs, the company announced a $0.06 quarterly dividend. Backlog rose to $146.9 million, indicating strong demand for its products.