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.
Richardson Electronics (NASDAQ: RELL) has announced a new patent-pending shunt resistor accessory for the ULTRA3000 Pitch Energy Module (PEM), which serves as a drop-in replacement for OEM shunt resistors in utility-scale wind turbines. This device enhances turbine operation by monitoring current feedback during pitch events, potentially reducing failures in pitch motor scenarios and decreasing downtime. The shunt is compatible with both battery and ultracapacitor systems and comes with installation hardware.
Richardson Electronics, Ltd. (NASDAQ: RELL) will showcase its engineered solutions at the KIEES 2022 Summer Symposium in South Korea from August 17-20, 2022. Celebrating 75 years in business, the company will engage with over 1000 attendees, highlighting innovations in RF and Microwave technology. The exhibition will feature topics including 5G Infrastructure, IoT, and Satellite Communication. Richardson’s executive, Greg Peloquin, emphasized the importance of local presence in delivering value through their products and services.
Canvys has launched a 32-inch 4K Ultra HD monitor designed for medical environments, featuring a brightness of 850 nits and high-performance controllers. The lightweight monitor (under 30 pounds) has a flat glass screen for easy cleaning, making it ideal for healthcare use. It boasts a resolution of 3840 × 2160 pixels, 10-bit color depth, and compliance with DICOM. Connectivity includes multiple input options like DVI, Display Port, and optional 12G-SDI support. The monitor can also come with a multi-touch PCAP touchscreen.
Richardson Electronics announces the hiring of three new field sales engineers across North America, France, and Malaysia. Dominik Norquist, with 20 years of experience, will focus on the Mountain States region; Emmanuel De Azevedo will manage French accounts; and Marina Getrie Parrot will operate from Malaysia. These additions aim to strengthen the company's demand creation model and support market growth initiatives. Richardson Electronics offers engineered solutions and is a leading manufacturer in several sectors, including healthcare and alternative energy, with over 60% of products manufactured in key locations worldwide.
Richardson Electronics (RELL) reported a stellar fiscal 2022, achieving 26.9% revenue growth to $224.6 million. The fourth quarter net sales reached $61.6 million, up 22.1% year-over-year, marking the eighth consecutive quarter of sequential revenue growth. Operating income surged to $5.0 million from $2.3 million in the prior year, and net income improved to $8.3 million. The quarterly cash dividend was declared at $0.06 per share. Despite rising costs, the company maintains a robust backlog of $206.2 million heading into fiscal 2023.
On July 20, 2022, Richardson Electronics, Ltd. (NASDAQ: RELL) will release its financial results for the fourth quarter and fiscal year ending May 28, 2022. A conference call is scheduled for July 21, 2022, at 9:00 a.m. CT, featuring Chairman and CEO Edward J. Richardson and CFO Robert J. Ben to discuss the results and answer questions.
Richardson Electronics manufactures engineered solutions, power grid, microwave tubes, and components, with over 60% of products made in the U.S. and Germany.
Richardson Electronics (NASDAQ: RELL) has entered into a global sales distribution agreement with Altum RF, enhancing its RF and microwave product offerings. This partnership focuses on high-performance RF to millimeter-wave semiconductor solutions, supporting applications in 5G/6G, SATCOM, and defense sectors. Altum RF aims to leverage Richardson's 75 years of experience for better design-in support and logistics, while Richardson continues to provide comprehensive solutions globally. This collaboration marks a significant step in expanding both companies' market reach.
Richardson Electronics has announced the availability of its ALTA750® CT Tube in Canada after receiving MDSAP certification and a Canadian Device License. This certification streamlines regulatory audits for medical device manufacturers, ensuring compliance with multiple jurisdictions. The company demonstrated its commitment to quality through rigorous audits of its processes. This achievement allows Richardson to cater to the Canadian healthcare market, affirming its 75-year legacy of quality in medical products.
Richardson Electronics, Ltd. (NASDAQ: RELL) will participate in the International Microwave Symposium (IMS2022) in Denver, Colorado, from June 21-23, 2022. This premier event focuses on recent advancements in RF and microwave technologies, emphasizing areas like 5G and telecom applications. Celebrating its 75th anniversary, the company plans to showcase its technology partners and innovations at booth 3006. Richardson Electronics specializes in engineered solutions and components for various industries, with over 60% of products manufactured in the U.S. and Europe.
Canvys, a division of Richardson Electronics, has launched a new 18.5-inch Full HD monitor designed for both medical and industrial applications. This display features a resolution of 1920 x 1080 pixels and offers customization options for OEMs. Key specifications include a brightness of 500 cd/m², a typical contrast ratio of 1,000 to 1, and a 10-point touchscreen option. It complies with medical device certifications and is designed to prevent dust and liquid intrusion. For more details, visit Canvys website.
