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. (NASDAQ: RELL) news covers developments for a global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, power conversion, RF and microwave components, diagnostic imaging tubes, and customized display solutions. As a participant in business-to-business electronic markets and the wholesale trade sector, the company regularly releases updates that are relevant to investors, customers, and partners.
News about Richardson Electronics often includes quarterly and annual earnings results, where the company discusses net sales trends, segment performance across Power and Microwave Technologies (PMT), Green Energy Solutions (GES), and Canvys, and commentary from management. These releases may highlight factors such as growth in green energy solutions, semiconductor wafer fabrication-related sales, or customized display demand, as well as information on operating income, cash position, and the use of non-GAAP measures like EBITDA.
Investors following RELL news will also see announcements of quarterly cash dividends on common and Class B common stock, conference call schedules to discuss financial results, and participation in investor conferences. The company’s communications describe its strategy of providing specialized technical expertise and engineered solutions, and may reference developments in energy storage, power management, and partnerships in renewable energy applications.
In addition, Richardson Electronics issues news on business initiatives and partnerships, such as efforts to expand Made-in-USA contract manufacturing, collaborations in wind energy pitch control systems, and expansion of its green energy and power management offerings. For users tracking RELL, this news feed provides a centralized view of financial disclosures, strategic announcements, and operational updates. Bookmark this page to access an organized stream of Richardson Electronics news and related market communications.
Richardson Electronics, Ltd. (Nasdaq: RELL) will present at the 14th annual LD Micro Main Event on October 13, 2021, at 10:30 a.m. PT / 1:30 p.m. ET in Los Angeles. CEO Edward J. Richardson will discuss the company's fiscal year 2021 and first quarter fiscal year 2022 performance, along with growth initiatives and the launch of the ULTRA3000® Pitch Energy Module for GE wind turbines. The conference runs from October 12-14, 2021, featuring around 150 companies.
Richardson Electronics, Ltd. (NASDAQ: RELL) will release its financial results for the first quarter ending August 28, 2021, after market close on October 6, 2021. The results will be available on the company's website and via GlobeNewswire. A conference call is scheduled for October 7, 2021, at 9:00 a.m. CDT, hosted by CEO Edward J. Richardson and CFO Robert J. Ben, featuring a Q&A session. The company's focus is on providing engineered solutions across various sectors, including healthcare and alternative energy.
Richardson Electronics (NASDAQ: RELL) has announced its partnership with SM Berger & Company to enhance its investor relations strategy. This collaboration aims to effectively communicate the company's growth in sectors like renewable energy and semiconductors. CEO Edward Richardson emphasized the firm's strong balance sheet and potential for sustainable value creation. Established in 1984, SM Berger specializes in assisting small-cap companies in capital market engagement. This strategic move seeks to broaden Richardson's investor outreach and support shareholder interests.
Richardson Electronics, Ltd. (NASDAQ: RELL) will present at the Sidoti Virtual Investor Conference on August 18, 2021, from 1:30 to 2 p.m. CDT. CEO Edward J. Richardson will discuss the company's fiscal performance and growth initiatives, including the launch of the ULTRA3000 Pitch Energy Module, a replacement for batteries in GE wind turbines. Investors can register for presentations and meetings via provided web links. For detailed information about their services across various markets, visit www.rell.com.
Richardson Electronics announced the issuance of U.S. Patent No. 11,073,130, which allows the replacement of lead-acid batteries in wind turbine pitch systems with ultracapacitors. The patented product, ULTRA3000® Pitch Energy Module (PEM), offers a plug-and-play solution for General Electric’s wind turbine systems, facilitating easy installation without modifications. The company aims to present the ULTRA3000® at two upcoming industry events in 2021, emphasizing its commitment to renewable energy innovation.
Richardson Electronics (NASDAQ: RELL) reported significant growth in Q4 FY21, with net sales of $50.5 million, an increase of 35.1% year-over-year. This growth was driven by strong demand across all business units, particularly in Richardson Healthcare, where sales surged 92.3% due to the ALTA750™ Tubes. Operating income reached $2.3 million, compared to a loss of $1.3 million in the previous year. The gross margin improved to 32.4%. For fiscal year 2021, net sales rose 13.5% to $176.9 million, with earnings per share at $0.14 for Q4 and $0.13 for the year.
Richardson Electronics, Ltd. (NASDAQ: RELL) will release its financial results for the fourth quarter and fiscal year ending May 29, 2021, on July 21, 2021. The results will be available on their website and via GlobeNewswire. A conference call, led by CEO Edward J. Richardson and CFO Robert J. Ben, is scheduled for July 22, 2021, at 9:00 a.m. CDT to discuss the results with a Q&A session. The company specializes in engineered solutions and serves multiple industries, including healthcare and alternative energy.
Canvys, a division of Richardson Electronics, has introduced a new 10.1-inch display designed for medical and industrial applications. This monitor features an HD resolution of 1280 x 800 pixels and offers customization options for various requirements. The display is available in true-flat and PCAP touch versions with an anti-glare coating, ensuring usability even with gloves. It has IP 54 splash protection, making it suitable for medical environments. Input options include DVI, display port, and HDMI, with a brightness of 500 cd/m² and a contrast ratio of 800:1.
Richardson Electronics, Ltd. (NASDAQ: RELL) will participate in the International Microwave Symposium (IMS) 2021, both in-person from June 7-10 in Atlanta, Georgia, and virtually from June 20-25. The company will showcase innovative technologies in booth #1310, highlighting its partnerships and product offerings. Greg Peloquin, Executive VP, expressed excitement for the event, noting it as a prime opportunity for customer interaction and product display. The IMS serves as a significant networking platform in the RF and microwave industry.
Richardson Electronics (NASDAQ: RELL) announced an exclusive partnership with Battery Street Energy to manufacture ultracapacitor-based generator start modules. These eco-friendly modules will replace hazardous lead-acid batteries in backup systems and cater to the wireless telecom sector. The ultracapacitors offer advantages such as a wider operating temperature range and up to 18 years of lifespan, significantly reducing downtime during critical power requirements. The modules will be produced at Richardson's facility in Illinois, leveraging BSE's innovative technology.