Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare businesses in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; technical services for microwave and industrial equipment; flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment; customized display solutions; and power conversion and RF and microwave component for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications. Its products are used to control, switch, or amplify electrical power signals, as well as are used as display devices in alternative energy, healthcare, aviation, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company's Canvys segment provides custom display solutions, such as touch screens, protective panels, all-in-one computers, custom enclosures, specialized cabinet finishes, application specific software packages, and certification services to corporate enterprise, financial, healthcare, industrial, and medical original equipment manufacturer markets. Its Healthcare segment manufactures and distributes diagnostic imaging replacement parts for CT and MRI systems; replacement CT and MRI tubes; MRI coils, cold heads, and RF amplifiers; hydrogen thyratrons, klystrons, and magnetrons; flat panel detector upgrades; pre-owned CT systems; and additional replacement solutions, as well as offers CT service training. It serves hospitals, medical centers, asset management companies, independent service organizations, and multi-vendor service providers. The company was founded in 1947 and is headquartered in LaFox, Illinois.
IPO Year: 1983
Exchange: NASDAQ
Website: rell.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/29/2024 | $13.00 | Outperform | Northland Capital |
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LAFOX, Ill. and TORRANCE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) and Navitas Semiconductor (NASDAQ:NVTS) announced today an expanded distribution partnership for next-gen silicon carbide (SiC) power semiconductors for Europe, the Middle East, and Africa (EMEA). Navitas is the only pure-play, next-generation power-semiconductor company and industry leader in next-generation GeneSiC™ silicon carbide (SiC) and GaNFast™ gallium nitride (GaN) power semiconductors. Enabled by 20 years of SiC innovation leadership, GeneSiC proprietary ‘trench-assisted planar' technology provides world-leading performance over temperature, delivering high-speed, c
LAFOX, Ill., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL), a global provider of engineered solutions for the green energy, power management, custom display, and healthcare markets, today announced that it will be presenting and hosting one-on-one meetings at the Sidoti & Company Micro-Cap Virtual Conference on November 13 to November 14, 2024. Edward J. Richardson, Chairman and CEO and Wendy Diddell, COO of Richardson Electronics, Ltd., will be giving a formal presentation and answering questions from investors on Thursday, November 14 at 10:45 A.M. ET / 9:45 A.M. CT. To register for the presentation or one-on-one meetings visit: https://sidoti.com/events.
Q1 FY25 net sales increase 2.2% YoY, the first quarterly YoY increase since Q3 FY23 Richardson Electronics ended Q1 with positive operating cash flow for the second consecutive quarter, $23.0 million in cash and cash equivalents and no debt Management expects YoY sales growth and higher profitability for FY25 LAFOX, Ill., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) today reported financial results for its first quarter ended August 31, 2024. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. "Our first quarter results are encouraging and benefited from the strategies underway to drive sales growth,
LAFOX, Ill., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) plans to release its financial results for its first quarter ended August 31, 2024 after the close of business on Wednesday, October 9, 2024. The release will be distributed by GlobeNewswire and will be available on the Company's website at www.rell.com. On Thursday, October 10, 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 first quarter fiscal year 2025 results. A question-and-answer session will be included as part of the call's agenda. Participant Instruc
LAFOX, Ill., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL), a global leader in engineered solutions, today announced a global distribution agreement with Quantic MWD (Microwave Dynamics), a business of Quantic® Electronics and a manufacturer of precision microwave and millimeter wave solutions. This new technology partnership network will enhance the accessibility of Quantic MWD's products to a broad range of customers. Quantic's solutions maximize stability and minimize noise under extreme environmental conditions, whether in space, defense, or industrial applications. "We are excited to include Quantic MWD's products in our power and microwave technology
Expanding access to cutting-edge capacitor technologies for next generation aerospace and defense systems EAST PROVIDENCE, R.I., Sept. 18, 2024 /PRNewswire/ -- Quantic® Electronics ("Quantic"), a portfolio company of Arcline Investment Management, today announced a global distribution agreement with Richardson Electronics, Ltd. (NASDAQ:RELL), a global leader in engineered solutions. This strategic partnership encompasses Quantic's premier US-based capacitor businesses: Quantic™ Evans, Quantic™ Eulex, Quantic™ Paktron, and Quantic™ UTC. Quantic Electronics' capacitor businesses
LAFOX, Ill., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL), a global leader in engineered solutions, today announced a global distribution agreement with Quantic® Electronics ("Quantic"), a portfolio company of Arcline Investment Management. This strategic partnership encompasses Quantic's premier US-based capacitor businesses: Quantic™ Evans, Quantic™ Eulex, Quantic™ Paktron, and Quantic™ UTC. This collaboration brings together Richardson's unparalleled distribution network and Quantic's state-of-the-art capacitor technologies, significantly expanding access to mission-critical capacitors for defense, aerospace, space, communications, and industrial applic
LAFOX, Ill., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL), a global provider of engineered solutions for renewable energy and other power management applications, will be exhibiting at the WindEnergy Hamburg Event (Stand # B2.OG.165) on September 24 – 27, in Hamburg, Germany. Richardson Electronics will showcase its line of ultracapacitor pitch energy modules (ULTRAPEM™ and ULTRA3000®) and other product solutions for wind turbine platforms. These solutions will be introduced to the European market and are custom-designed for the following wind turbine technologies*: GE, Nordex, Senvion, Alstom, and Suzlon. One of the products Richardson Electronics will sho
First year-over-year reduction in inventory since fiscal 2017, reflecting management's efforts to improve working capital levels Fourth quarter gross margin improved 320 basis points year-over-year Generated $7.2 million in operating cash flow during the fourth quarter, helping the Company end the year with $24.3 million in cash and cash equivalents and no debt Management expects to return to year-over-year sales growth and higher profitability in fiscal 2025 LAFOX, Ill., July 24, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) today reported financial results for its fourth quarter and fiscal year ended June 1, 2024. The Company also announced that its Board of Di
LAFOX, Ill., July 17, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) plans to release its financial results for its fourth quarter ended June 1, 2024 after the close of business on Wednesday, July 24, 2024. The release will be distributed by GlobeNewswire and will be available on the Company's website at www.rell.com. On Thursday, July 25, 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 fourth quarter and fiscal year 2024 results. A question-and-answer session will be included as part of the call's agenda. Participant Instructi
Q2 and FY21 Highlights Net sales of $42.4 million were up 7% from last year’s pre-COVID second quarter.Sales increased for PMG, Healthcare, and Semiconductor Wafer Fabrication equipment products in the second quarter of fiscal 2021 versus the second quarter of fiscal 2020.Gross margin improved to 33.8% of net sales for the second quarter of fiscal 2021 versus 32.0% of net sales in the prior year’s second quarter.Operating expenses increased $0.3 million to $13.5 million compared to the prior year’s second quarter. Legal expenses increased by $0.3 million.Operating income was $0.9 million compared to an operating loss of $0.5 million in last year’s second quarter.Earnings per common share (d
Richardson Electronics (NASDAQ:RELL) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $(0.04) by 150 percent. The company reported quarterly sales of $47.374 million which missed the analyst consensus estimate of $48.010 million by 1.32 percent. This is a 19.48 percent decrease over sales of $58.832 million the same period last year.
Northland Capital Markets initiates coverage on Richardson Electronics (NASDAQ:RELL) with a Outperform rating and announces Price Target of $13.
Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Lovesac The Trade: The Lovesac Company (NASDAQ:LOVE) EVP and CFO Keith R. Siegner acquired a total of 4,800 shares at an av
Gainers OMNIQ (NASDAQ:OMQS) shares rose 64.5% to $0.64 during Thursday's regular session. The company's market cap stands at $6.7 million. Edgio (NASDAQ:EGIO) shares rose 27.12% to $16.87. The company's market cap stands at $98.7 million. Alpha Technology Group (NASDAQ:ATGL) stock rose 20.55% to $3.05. The market value of their outstanding shares is at $46.5 million. Verb Tech (NASDAQ:VERB) stock rose 17.58% to $0.21. The market value of their outstanding shares is at $16.9 million. Richardson Electronics (NASDAQ:RELL) shares increased by 14.49% to $10.71. The company's market cap stands at $152.8 million. The company's, Q3 earnings came out yesterday. Alarum Technologies (NASDAQ:ALAR)
Richardson Electronics (NASDAQ:RELL) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.02 by 150 percent. This is a 88.64 percent decrease over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $52.38 million which missed the analyst consensus estimate of $56.00 million by 6.47 percent. This is a 25.57 percent decrease over sales of $70.36 million the same period last year.
Companies Reporting Before The Bell • Delta Air Lines (NYSE:DAL) is projected to report quarterly earnings at $0.35 per share on revenue of $12.55 billion. • Altamira Therapeutics (NASDAQ:CYTO) is estimated to report earnings for its Fiscal Year 2023. • Target Hospitality (NASDAQ:TH) is estimated to report quarterly loss at $0.12 per share on revenue of $20.10 million. • Theratechnologies (NASDAQ:THTX) is estimated to report quarterly loss at $0.12 per share on revenue of $20.10 million. • Root (NASDAQ:ROOT) is expected to report quarterly earnings at $0.30 per share on revenue of $114.70 million. Companies Reporting After The Bell • Rent the Runway (NASDAQ:RENT) is projected to repor
With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Delta Air Lines, Inc. (NYSE:DAL) to report quarterly earnings at 36 cents per share on revenue of $12.57 billion before the opening bell, according to data from Benzinga Pro. Delta Air shares gained 0.3% to $47.46 in after-hours trading. PriceSmart, Inc. (NASDAQ:PSMT) posted better-than-expected earnings for its second quarter. The company reported quarterly earnings of $1.31 per share, beating market estimates of $1.25 per share. PriceSmart shares climbed 4.7% to $87.01 in the after-hours trading session. Analysts are expecting Ric
The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the "Greed" zone on Tuesday. U.S. stocks closed mixed on Tuesday, with the Dow Jones index settling slightly lower during the session. Data on the March inflation rate will be released on Wednesday. Economists expect inflation to increase 0.3% month over Month. On the economic data front, the NFIB Small Business Optimism Index declined for a third straight month to a reading of 88.5 in March, compared to market estimates of 90.2. Shares of Cognyte Software Ltd. (NASDAQ:CGNT) fell around 14% on Tuesday after the company reported fourth-quarter results and issued FY25 guidanc
Ideal Power Inc (NASDAQ:IPWR) today announced an agreement with Richardson Electronics, Ltd (NASDAQ:RELL) to distribute Ideal Power's products globally, including the discrete B-TRAN device and SymCool power module. "We are excited to announce Richardson Electronics as the first distributor for our products. They have strong technical sales capability, expertise in demand creation and securing sales for new technologies, robust customer support, and global reach," CEO Dan Brdar said. "Our products are a perfect fit for Richardson Electronics' existing customer base needing medium and high voltage power semiconductors," Brdar added. Also Read: Ideal Power Launches SymCool Power Mod
Northland Capital initiated coverage of Richardson Elec with a rating of Outperform and set a new price target of $13.00
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Q1 FY25 net sales increase 2.2% YoY, the first quarterly YoY increase since Q3 FY23 Richardson Electronics ended Q1 with positive operating cash flow for the second consecutive quarter, $23.0 million in cash and cash equivalents and no debt Management expects YoY sales growth and higher profitability for FY25 LAFOX, Ill., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) today reported financial results for its first quarter ended August 31, 2024. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. "Our first quarter results are encouraging and benefited from the strategies underway to drive sales growth,
LAFOX, Ill., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) plans to release its financial results for its first quarter ended August 31, 2024 after the close of business on Wednesday, October 9, 2024. The release will be distributed by GlobeNewswire and will be available on the Company's website at www.rell.com. On Thursday, October 10, 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 first quarter fiscal year 2025 results. A question-and-answer session will be included as part of the call's agenda. Participant Instruc
First year-over-year reduction in inventory since fiscal 2017, reflecting management's efforts to improve working capital levels Fourth quarter gross margin improved 320 basis points year-over-year Generated $7.2 million in operating cash flow during the fourth quarter, helping the Company end the year with $24.3 million in cash and cash equivalents and no debt Management expects to return to year-over-year sales growth and higher profitability in fiscal 2025 LAFOX, Ill., July 24, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) today reported financial results for its fourth quarter and fiscal year ended June 1, 2024. The Company also announced that its Board of Di
LAFOX, Ill., July 17, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) plans to release its financial results for its fourth quarter ended June 1, 2024 after the close of business on Wednesday, July 24, 2024. The release will be distributed by GlobeNewswire and will be available on the Company's website at www.rell.com. On Thursday, July 25, 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 fourth quarter and fiscal year 2024 results. A question-and-answer session will be included as part of the call's agenda. Participant Instructi
Sales increased 18.7% sequentially, reflecting improving business conditions. Inventory decreased $4.0 million sequentially, reflecting focus on improving working capital levels. LAFOX, Ill., April 10, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) today reported financial results for its third quarter ended March 2, 2024. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. "The sequential increase in sales and profitability is encouraging, reflecting the benefits of our diversification strategies as well as our team's focus on enhancing profitability and strengthening our balance sheet. Sales growth
LAFOX, Ill., April 03, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) plans to release its financial results for its third quarter ended March 2, 2024 after the close of business on Wednesday, April 10, 2024. The release will be distributed by GlobeNewswire and will be available on the Company's website at www.rell.com. On Thursday, April 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 third quarter fiscal year 2024 results. A question-and-answer session will be included as part of the call's agenda. Participant Instruction
Results reflect challenging economic conditions as well as decline in sales to semiconductor wafer fab customers and project delays across the Company's GES business. Backlog increased 2% over the past three months, which management believes indicates stabilizing demand. Company implements new ownership requirements for outside directors. LAFOX, Ill., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) today reported financial results for its second quarter ended December 2, 2023. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. "Although our second quarter results fell short of expectations, we are conf
LAFOX, Ill., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) plans to 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. Participant
First Quarter Highlights Net sales of $52.6 million were down $15.0 million, or 22.2% from last year's first quarter primarily due to a near-term reduction in sales to semiconductor wafer fab customers, and a timing-related reduction in ultracapacitor module sales to replace lead acid batteries in existing wind turbines. A challenging economic backdrop accounted for the remainder of the year-over-year decline in sales.Backlog totaled $148.1 million in the first quarter versus $160.4 million at the end of the fourth quarter of fiscal 2023.Gross margin was 32.8% of net sales for the first quarter of fiscal 2024, compared to 34.1% in the prior year's first quarter. The decrease was driven pr
LAFOX, Ill., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ:RELL) plans to release its financial results for its first quarter ended September 2, 2023 after the close of business on Wednesday, October 11, 2023. The release will be distributed by GlobeNewswire and will be available on the Company's website at www.rell.com. On Thursday, October 12, 2023, 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 first quarter fiscal year 2024 results. A question-and-answer session will be included as part of the call's agenda. Participant Inst
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