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Richardson Electrs Ltd - RELL STOCK NEWS

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 (RELL) delivers engineered solutions powering critical infrastructure across energy, healthcare, and industrial sectors. This dedicated news hub provides investors and industry professionals with official updates and analysis on RELL's global operations.

Access timely announcements including quarterly earnings, product launches, strategic partnerships, and technology innovations. Our curated collection ensures you stay informed about developments in power grid components, microwave technologies, green energy systems, and medical imaging solutions.

Key updates cover operational expansions, R&D advancements, and market-specific initiatives across RELL's core segments. Bookmark this page for direct access to verified financial disclosures, executive commentary, and milestone achievements from a NASDAQ-listed industry leader.

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Richardson Electronics, (RELL) reported a 18.7% sequential sales increase and a $0.06 per share quarterly cash dividend. Despite a 25.6% decrease in net sales, the company focuses on diversification strategies and improving profitability. The gross margin was 29.5% for the third quarter of fiscal 2024, and the company declared a cash dividend payable on May 29, 2024.
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Richardson Electronics, (RELL) will announce its Q3 financial results on April 10, 2024. The conference call on April 11, 2024, will be hosted by the CEO and CFO. Participants can register for the call and a replay will be available. The company's financial performance will be a key focus.
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Richardson Electronics, (NASDAQ:RELL) will be presenting at the Planet MicroCap Showcase: VEGAS 2024 on May 1, 2024, featuring a live Q&A session with Maj Soueidan from Geoinvesting.com. The event will be led by Edward J. Richardson, Chairman and CEO, and Wendy Diddell, COO. Investors can access the webcast to participate and schedule 1x1 meetings at the conference venue.
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Richardson Electronics, (RELL) partners with Ideal Power (IPWR) to distribute innovative B-TRAN™ device and SymCool™ power module globally. Ideal Power's efficient B-TRAN™ semiconductor switch and SymCool™ power module offer significant advantages for various industrial applications. Richardson Electronics' strong technical sales capability and global reach make them an ideal partner for Ideal Power's products.
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Richardson Electronics, Ltd. (RELL) achieves a milestone with over 50,000 installations of patented ULTRA3000® pitch energy modules for wind turbines. The ULTRA3000® significantly reduces environmental impact by replacing toxic lead-acid batteries, saving millions in maintenance costs and reducing CO2 production.
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Richardson Electronics, Ltd. (RELL) has announced a global agreement with Microwave Components, Inc. (MCI), a leading manufacturer of custom miniature electronic air coils. This partnership expands RELL's portfolio with high-performance products crucial to its customer base. The agreement supports RELL's strategy to partner with technology leaders in passive components and complements its active technology partners. The partnership is expected to enable MCI to expand its footprint within North America and internationally through RELL's global sales channel.
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Richardson Electronics, Ltd. (NASDAQ: RELL) reports challenging economic conditions, declining sales to semiconductor wafer fab customers, and project delays. The company's backlog increased 2% over the past three months, indicating stabilizing demand. The company declared a $0.06 per share quarterly cash dividend.
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Richardson Electronics, Ltd. (NASDAQ: RELL) will 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. On Thursday, January 11, 2024, at 9:00 a.m. Central Time, Edward J. Richardson, Chairman and Chief Executive Officer, and Robert J. Ben, Chief Financial Officer, will host a conference call to discuss the Company’s second quarter fiscal year 2024 results. A question-and-answer session will be included as part of the call’s agenda.
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Richardson Electronics, Ltd. (NASDAQ: RELL) announces a partnership with Integrated Power Services (IPS) in North America to supply and install Richardson's ULTRA3000® pitch energy module to key customers in the Renewable Energy market. This partnership aims to expand growth opportunities and bring new power management products to the wind turbine market.
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Richardson Electronics reports Q1 2024 financial results with net sales of $52.6 million, down 22.2% YoY. Gross margin was 32.8% of net sales. Operating income was $1.5 million, compared to $8.8 million in Q1 2023. Earnings per common share (diluted) were $0.09, down from $0.45 in Q1 2023. The Company's balance sheet remains strong with no debt outstanding, and cash and investments of $24.1 million as of September 2, 2023.
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Richardson Electrs Ltd

Nasdaq:RELL

RELL Rankings

RELL Stock Data

128.52M
11.95M
3.34%
72.42%
3.09%
Electronic Components
Wholesale-electronic Parts & Equipment, Nec
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United States
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