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, Ltd. (RELL) anticipates preliminary fourth quarter FY22 net sales between $60.5 million and $62.5 million, reflecting a 19.9%-23.8% year-over-year increase. For the full fiscal year, net sales are projected to be $222.0 million to $226.0 million, indicating 25.5%-27.7% growth. The company's backlog grew to $206.2 million from $175.6 million in the previous quarter and $110.0 million in the prior year. This marks the eighth consecutive quarter of sales growth, driven by strong demand and new product initiatives.
Richardson Electronics, Ltd. (NASDAQ: RELL) announced it will present at the LD Micro Invitational XII on June 8, 2022, at 2:30 P.M. PT / 5:30 P.M. ET. CEO Edward J. Richardson will lead the presentation, detailing the company's third quarter fiscal year 2022 performance and upcoming initiatives, including updates on its ULTRA3000 and ULTRAGEN3000 products. The conference runs from June 7-9, 2022, and features numerous presentations for investors.
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.
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.
