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 expanded its customer base through a supply agreement with TransAlta , one of Canada's largest power generators. The agreement involves delivering patented ULTRA3000® and ULTRAPEM™ pitch energy modules for GE wind turbines and SSB platforms across Canada and the United States throughout 2025.
These ultracapacitor-based modules replace traditional lead acid batteries in wind turbine electric pitch systems, managing blade angle adjustments for optimal turbine operation. TransAlta conducted a year-long trial of the technology across multiple machines at two sites before committing to a fleet-wide implementation.
According to TransAlta's supervisor, the solution addresses one of their leading causes of downtime and lost production on GE platforms, reducing necessary hub entries and climbs for technicians while increasing revenue potential.
Richardson Electronics (NASDAQ: RELL), a global provider of engineered solutions for green energy, power management, and custom display markets, has announced its participation in the Planet MicroCap Showcase: VEGAS 2025.
The company will deliver a presentation on April 23, 2025, at 11:30 AM PT at the Paris Hotel & Casino in Las Vegas. Investors can access the live presentation through a webcast and have the opportunity to schedule one-on-one meetings with Richardson Electronics representatives during the conference.
The event, organized in partnership with MicroCapClub, offers both in-person attendance options and virtual access to company presentations through the conference platform.
Richardson Electronics (NASDAQ: RELL) reported Q3 FY25 financial results with net sales of $53.8 million, up 2.7% year-over-year. The company achieved significant growth in key segments, with semiconductor wafer fab sales surging 139% and Canvys sales increasing 39.5%.
The quarter was marked by the strategic sale of Healthcare assets to DirectMed Imaging, resulting in a one-time $4.9 million charge. Excluding this charge, non-GAAP operating income rose to $2.2 million from $1.0 million last year. The company maintained strong financial health with $36.7 million in cash and no debt.
Gross margin improved to 31.0% compared to 29.5% in Q3 FY24. The Board declared a quarterly cash dividend of $0.06 per share. Backlog stood at $134.1 million, down from $142.6 million in Q2 FY25, primarily due to decreases in GES, Canvys, and Healthcare segments.
Richardson Electronics (NASDAQ: RELL) has scheduled the release of its third quarter fiscal year 2025 financial results on Wednesday, April 9, 2025, after market close. The company will host a conference call to discuss the results on Thursday, April 10, 2025, at 9:00 a.m. Central Time.
Chairman and CEO Edward J. Richardson and CFO Robert J. Ben will lead the conference call, which will include a Q&A session. The earnings release will be available through GlobeNewswire and on the company's website. A replay of the call will be accessible starting April 11, 2025, at 1:00 p.m. Central Time for seven days.
Richardson Electronics (NASDAQ: RELL) has announced a strategic asset sale of its Richardson Healthcare business unit to DirectMed Imaging. The transaction, completed on January 24, 2025, includes a 10-year global supply agreement where Richardson will provide DirectMed with repaired Siemens CT X-ray tubes.
The company will continue manufacturing ALTA CT X-ray tubes for DirectMed for approximately 12-18 months. The remaining healthcare operations, primarily focusing on CT X-ray tube manufacturing and repair, will be integrated into the company's PMT reportable segment.
This strategic move aligns with Richardson's focus on reallocating assets to support their growing Green Energy Solutions business, with management expecting the transaction to simplify operations and improve their financial model.
DirectMed Imaging has acquired Richardson Healthcare's Fort Mill, SC operation, a division of Richardson Electronics (NASDAQ: RELL). The acquisition strengthens DirectMed's position as the leading Canon/Toshiba aftermarket parts supplier and expands its MRI and CT parts expertise.
Key aspects of the deal include: DirectMed becoming the exclusive global distributor for Richardson Electronics' repaired Siemens Straton Z, MX, and MXP CT X-ray tubes, as well as the ALTA750 and ALTA 750G CT X-ray tubes. The company will also enter the Canon/Toshiba CT training market for engineers and biomedical professionals.
This marks DirectMed's sixth acquisition, adding to their inventory of over 100,000 parts. The company, backed by Frazier Healthcare Partners, will leverage Richardson's X-ray tube manufacturing infrastructure and engineering expertise to enhance their service offerings.
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.
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