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.
Richardson Electronics (NASDAQ: RELL) reported Q2 FY25 results with net sales of $49.5 million, showing a 12.1% increase from $44.1 million in Q2 FY24. The growth was primarily driven by Green Energy Solutions (GES), which saw a 129% increase in sales, and the Power and Microwave Technologies Group (PMT) with a 9.9% increase.
The company maintained a strong financial position with $26.6 million in cash and no debt. Gross margin improved to 31.0% compared to 28.4% in Q2 FY24. Despite these improvements, the company reported a net loss of $0.8 million ($0.05 per share), better than the $1.8 million loss ($0.13 per share) in the prior year. The Board declared a quarterly cash dividend of $0.06 per share.
Backlog increased to $142.6 million from $137.4 million in Q1 FY25, with management expecting continued growth and higher year-over-year sales and profitability for FY25.
Richardson Electronics (NASDAQ: RELL) has announced it will release its second quarter fiscal year 2025 financial results after market close on Tuesday, January 7, 2025. The results will cover the period ended November 30, 2024.
The company will host a conference call on Wednesday, January 8, 2025, at 9:00 a.m. Central Time, featuring Chairman and CEO Edward J. Richardson and CFO Robert J. Ben. The call will include a question-and-answer session. A replay will be available from 1:00 p.m. Central Time on January 9, 2025, for seven days.
Richardson Electronics (NASDAQ: RELL) has secured two multi-million dollar production contracts with major North American wind farm operators for its patented ultracapacitor pitch energy modules (PEMs). The orders, expected to ship during calendar year 2025, include the company's patented ULTRA3000® units, which are drop-in replacements for lead-acid batteries in wind turbine electric pitch systems.
The ULTRA3000® technology offers improved lifespan, reduced maintenance requirements, and lower environmental impact compared to traditional lead-acid batteries. These PEMs are important for storing and managing energy needed to adjust wind turbine blade angles for effective operation.
Richardson Electronics (RELL) and Navitas Semiconductor have expanded their distribution partnership for next-generation silicon carbide (SiC) power semiconductors into Europe, the Middle East, and Africa (EMEA). The partnership focuses on Navitas' GeneSiC product line, including their latest Gen-3 Fast MOSFETs, which deliver up to 25°C lower case temperatures and up to 3x longer life than alternative SiC products. The portfolio ranges from 650V to 6,500V, targeting applications in renewable energy, motor drives, induction heating, battery charging, and high voltage DC-DC conversion.
Richardson Electronics (NASDAQ: RELL) has announced its participation in the upcoming Sidoti & Company Micro-Cap Virtual Conference scheduled for November 13-14, 2024. The company, which specializes in green energy, power management, custom display, and healthcare solutions, will be represented by Chairman and CEO Edward J. Richardson and COO Wendy Diddell. They will deliver a formal presentation and engage with investors on November 14 at 10:45 A.M. ET / 9:45 A.M. CT. The conference offers free registration and includes opportunities for one-on-one meetings with company executives.
Richardson Electronics (NASDAQ: RELL) reported a 2.2% increase in Q1 FY25 net sales, marking the first quarterly year-over-year increase since Q3 FY23. The company achieved positive operating cash flow for the second consecutive quarter, ending with $23.0 million in cash and no debt. Management expects year-over-year sales growth and higher profitability for FY25.
Key highlights include:
- Net sales of $53.7 million, up from $52.6 million in Q1 FY24
- Gross margin of 30.6%, compared to 32.8% in Q1 FY24
- Operating income of $0.3 million, down from $1.5 million in Q1 FY24
- Net income of $0.6 million, or $0.04 per diluted share
- EBITDA of $1.7 million, compared to $2.6 million in Q1 FY24
The company also declared a quarterly cash dividend of $0.06 per share for common stock holders.
Richardson Electronics, (NASDAQ: RELL) has announced the date for its first quarter fiscal year 2025 conference call. The company will release its financial results for the quarter ended August 31, 2024, after market close on Wednesday, October 9, 2024. The conference call is scheduled for Thursday, October 10, 2024, at 9:00 a.m. Central Time.
Edward J. Richardson, Chairman and CEO, and Robert J. Ben, CFO, will host the call, which will include a question-and-answer session. Participants can register for the call through a provided link. A replay of the call will be available from 1:00 p.m. Central Time on October 11, 2024, for seven days. The financial results release will be distributed via GlobeNewswire and available on the company's website at www.rell.com.
Richardson Electronics, (NASDAQ: RELL) has announced a global distribution agreement with Quantic MWD, a manufacturer of precision microwave and millimeter wave solutions. This partnership will expand Richardson Electronics' power and microwave technology portfolio and enhance the accessibility of Quantic MWD's products to a broader customer base.
The collaboration showcases an impressive list of technologies, including oscillators, integrated microwave assemblies, amplifiers, frequency mixers, and frequency multipliers, with product highlights up to 50 GHz and beyond. These solutions are designed for space, defense, and industrial applications, maximizing stability and minimizing noise under extreme environmental conditions.
Richardson Electronics will be showcasing its RF and Microwave product portfolio at the European Microwave Week (EuMW 2024) in Paris, France, from September 24-26, 2024, at Booth 715B.
Richardson Electronics (NASDAQ: RELL) has announced a global distribution agreement with Quantic Electronics, expanding access to advanced capacitor technologies for aerospace and defense systems. The partnership includes Quantic's US-based capacitor businesses: Evans, Eulex, Paktron, and UTC.
Key highlights:
- Quantic Evans offers power-dense hybrid wet tantalum capacitors
- Quantic Eulex provides high-frequency capacitors with up to 20x increased capacitance
- Quantic Paktron specializes in Multilayer Polymer (MLP) film capacitors
- Quantic UTC produces high-reliability multilayer ceramic chip capacitors (MLCCs)
This collaboration aims to drive innovation across critical sectors, including defense, aerospace, space exploration, and CUAS technologies.
Richardson Electronics, (NASDAQ: RELL) is set to exhibit its ultracapacitor pitch energy modules at the WindEnergy Hamburg Event from September 24-27, 2024. The company will introduce its ULTRAPEM™ and ULTRA3000® products to the European market, custom-designed for GE, Nordex, Senvion, Alstom, and Suzlon wind turbine platforms. The ULTRA3000® is a drop-in replacement for lead-acid batteries in wind turbine pitch systems, offering improved lifespan and reduced environmental impact. Richardson Electronics has already shipped and installed over 55,000 patented ULTRA3000® pitch energy modules in North America, marking the largest retrofit of ultracapacitors for PEMs in the region.
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