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Richardson Electronics, Ltd. - RELL STOCK NEWS

Welcome to our dedicated page for Richardson Electronics, Ltd. news (Ticker: RELL), a resource for investors and traders seeking the latest updates and insights on Richardson Electronics, Ltd. stock.

Richardson Electronics Ltd (NASDAQ: RELL) is a distinguished global provider of engineered solutions, power grid and microwave tubes, and related consumables. The company is known for its high-value displays, flat panel solutions, and replacement parts for diagnostic imaging equipment. Richardson Electronics has carved out a significant presence in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets.

The company's strategic focus is on offering specialized technical expertise and engineered solutions grounded in core engineering and manufacturing capabilities. Richardson Electronics enhances value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair, leveraging its robust global infrastructure.

Recent milestones include the installation of over 50,000 units of the patented ULTRA3000® and the announcement of a global agreement with Microwave Components, Inc. This collaboration broadens Richardson Electronics' portfolio with products crucial for RF and microwave applications. Furthermore, the company continues to expand its footprint in the green energy sector through partnerships and innovative solutions targeting wind, solar, hydrogen, and electric vehicles.

Financially, Richardson Electronics derives the majority of its revenue from its Power and Microwave Technologies (PMT) segment. Other notable segments include Canvys, which focuses on high-value display solutions, and Green Energy Solutions (GES), which caters to the growing energy storage and power management markets. The company's stock is traded on the NASDAQ Global Select Market under the ticker symbol RELL.

For more information, visit www.rell.com.

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Richardson Electronics (NASDAQ: RELL) has announced the date for its Fourth Quarter Fiscal Year 2024 Conference Call. The company will release its financial results for the quarter ended June 1, 2024, after market close on Wednesday, July 24, 2024. A conference call to discuss the results will be held on Thursday, July 25, 2024, at 9:00 a.m. Central Time.

The call will be hosted by Edward J. Richardson, Chairman and CEO, and Robert J. Ben, CFO. It will include a question-and-answer session. Participants can register for the call online, and a replay will be available for seven days starting at 1:00 p.m. Central Time on July 25, 2024. The financial results release and webcast link will be available on the company's website at www.rell.com.

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Richardson Electronics (NASDAQ: RELL) will showcase its latest RF and microwave technology partners at the 2024 IEEE MTT-S International Microwave Symposium in Washington, DC, from June 16-21, 2024. The company aims to present disruptive technologies applicable to various industries. This event is seen as an opportunity for Richardson Electronics to engage with customers and partners, highlighting their engineered solutions. The symposium is the largest global gathering for microwave professionals, featuring the RFIC Symposium and ARFTG. Richardson Electronics is known for providing innovative RF and microwave solutions and exceptional global support.

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RICHARDSON ELECTRONICS, (NASDAQ: RELL) announced a partnership with Suzlon Energy to provide pitch energy modules for wind turbines, showcasing their patented technology at upcoming events. Richardson Electronics leads in PEM design and manufacturing, aligning with Suzlon's expert wind turbine development. Suzlon, a global renewable energy provider, has 12,000+ turbines worldwide, including over 9,000 in India, boasting 20.5 GW of wind energy capacity.

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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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FAQ

What does Richardson Electronics Ltd specialize in?

Richardson Electronics Ltd specializes in engineered solutions, power grid and microwave tubes, high-value displays, and diagnostic imaging replacement parts.

What markets does Richardson Electronics serve?

The company serves alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets.

What are the main business segments of Richardson Electronics?

The main segments are Power and Microwave Technologies (PMT), Canvys, and Green Energy Solutions (GES).

What recent achievements has Richardson Electronics made?

They have installed over 50,000 units of their patented ULTRA3000® and entered a global agreement with Microwave Components, Inc.

Where is Richardson Electronics headquartered?

Richardson Electronics is headquartered in LaFox, Illinois, USA.

What is the ticker symbol for Richardson Electronics?

The ticker symbol is RELL, and it trades on the NASDAQ Global Select Market.

How does Richardson Electronics add value to its products?

The company adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair.

What industries benefit from Richardson Electronics' products?

Industries include alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor.

What is Richardson Electronics' strategy in the green energy market?

Their strategy involves designing and manufacturing solutions for energy storage and power management applications, focusing on wind, solar, hydrogen, and electric vehicles.

Where can I find more information about Richardson Electronics?

More details can be found on their official website: www.rell.com.

Richardson Electronics, Ltd.

Nasdaq:RELL

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