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Richardson Electronics, Ltd. - RELL STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Richardson Electronics, Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Richardson Electronics, Ltd.'s position in the market.

News
Richardson Electronics Reports Third Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.08%
Tags
dividends earnings
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News
Richardson Electronics Announces Date of Third Quarter Fiscal Year 2024 Conference Call
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.37%
Tags
earnings
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News
Richardson Electronics to Present at the Planet MicroCap Showcase: VEGAS 2024 on May 1, 2024 and 1x1 Meetings on May 2, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.53%
Tags
conferences
News
Richardson Electronics, Ltd. Announces Global Distribution Agreement with Ideal Power
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
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News
Richardson Electronics, Ltd. Completes Phase One of Largest Retrofit of Ultracapacitors for Pitch Energy Modules in North America
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
none
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News
Microwave Components, Inc. Joins Richardson Electronics, Ltd. Portfolio of Technology Partners
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
none
News
Richardson Electronics Reports Second Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.04%
Tags
dividends earnings
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News
Richardson Electronics Announces Date of Second Quarter Fiscal Year 2024 Conference Call
Rhea-AI Summary
Richardson Electronics, Ltd. (NASDAQ: RELL) will 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
earnings
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News
Richardson Electronics, Ltd. and Integrated Power Services (IPS) Announce Partnership to Bring Patented ULTRA3000® to Key Wind Owner Operators
Rhea-AI Summary
Richardson Electronics, Ltd. (NASDAQ: RELL) announces a partnership with Integrated Power Services (IPS) in North America to supply and install Richardson's ULTRA3000® pitch energy module to key customers in the Renewable Energy market. This partnership aims to expand growth opportunities and bring new power management products to the wind turbine market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
partnership
News
Richardson Electronics Reports First Quarter Fiscal 2024 And Declares Quarterly Cash Dividend
Rhea-AI Summary
Richardson Electronics reports Q1 2024 financial results with net sales of $52.6 million, down 22.2% YoY. Gross margin was 32.8% of net sales. Operating income was $1.5 million, compared to $8.8 million in Q1 2023. Earnings per common share (diluted) were $0.09, down from $0.45 in Q1 2023. The Company's balance sheet remains strong with no debt outstanding, and cash and investments of $24.1 million as of September 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6%
Tags
dividends earnings
Stock RELL logo
Richardson Electronics, Ltd.

Nasdaq:RELL

RELL Rankings

#3986 Ranked by Market Cap
#4761 Ranked by Stock Gains
#1310 Ranked by Dividends

RELL Stock Data

139.79M
11.83M
3.21%
68.93%
5.14%
Business to Business Electronic Markets
Wholesale Trade
Link
United States
LaFox

About RELL

richardson electronics, ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; high value displays, flat panel solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. we serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific and semiconductor markets. the company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. the company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. more information is available online at www.rell.com. richardson electronics common stock trades on the nasdaq global select market under the ticker symbol rell. •we des