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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, Ltd. (NASDAQ: RELL) announced its participation in the Sidoti & Company Small-Cap Virtual Investor Conference on March 22-23, 2023. CEO Edward J. Richardson will present on March 23 at 12:15 p.m. ET, discussing the company's business and financial overview, including updates on green energy initiatives for wind and solar as well as solutions for electric vehicles and synthetic diamond production.
Investors can register for the event at www.sidoti.com/events. A replay of the presentation will be available for 90 days following the event.
Richardson Healthcare has launched the ALTA750G CT tube, a replacement for Canon Medical Systems’ CXB-750G tube. This product will be showcased at the European Congress of Radiology in Vienna from March 1-5, 2023. The ALTA750G is compatible with Canon CT scanners like the Aquilion Prime S and SP, meeting FDA and IEC radiation standards. The company now offers a broader range of replacement tubes, enhancing support for hospitals seeking alternatives to OEM services. The ALTA750G comes with a 12-month or 200,000 slice count limited warranty. This expansion follows extensive beta testing and is aimed at improving diagnostic imaging services.
Richardson Electronics (RELL) posted strong financial results for Q2 FY23, with net sales of $65.9 million, a 22.1% increase from the prior year. The increase was driven by substantial growth in Green Energy Solutions, up 150.3%, and Power and Microwave Technologies. Gross margin rose to 33.2% from 32.7%, while operating income improved to $7.2 million. Net income reached $5.5 million, marking a significant growth compared to $4.1 million in Q2 FY22. The Board declared a $0.06 per share cash dividend, reinforcing shareholder value.
Richardson Electronics, Ltd. (NASDAQ: RELL) will release its financial results for the second quarter ended November 26, 2022, on January 4, 2023. The results will be available on the company’s website. A conference call scheduled for January 5, 2023, at 9:00 a.m. CT will feature Chairman and CEO Edward J. Richardson and CFO Robert J. Ben discussing the results, followed by a Q&A session. A replay of the call will be accessible later that day for seven days.
Richardson Electronics has entered a global distribution agreement with Gallium Semiconductor, a supplier of RF Gallium Nitride (GaN) semiconductor solutions for various applications, including 5G communications. This collaboration aims to leverage Gallium's advanced GaN product offerings, which include HEMTs and amplifiers, to enhance Richardson's market presence in RF technology. The partnership is expected to benefit customers worldwide by providing high-performing RF GaN products, aligning with both companies' commitment to innovation.
Richardson Electronics (NASDAQ:RELL) will present at the Southwest IDEAS Investor Conference on November 16, 2022, at 2:15 PM CT in Dallas, TX. CEO Edward J. Richardson and COO Wendy Diddell will discuss the company's new Green Energy Solutions unit, focusing on power management for wind and solar, EV locomotives, and sustainable products. The presentation will be available via live webcast on the conference website and the company's investor relations page.
Richardson Electronics reported a strong first quarter for fiscal 2023, with net sales of $67.6 million, reflecting a 25.8% year-over-year increase. This marks the ninth consecutive quarter of sequential revenue growth, driven by all four business units, especially the new Green Energy Solutions segment, which saw a staggering 230.7% sales increase.
Gross margins improved to 34.1% from 30.3% last year, while operating income rose to $8.8 million. Earnings per share reached $0.45, up from $0.20. The company declared a $0.06 cash dividend.
Richardson Electronics, Ltd. (NASDAQ: RELL) has launched the ULTRAVOLTAGE3000, a voltage discharge tool designed for ultracapacitors. This product allows technicians to safely remove stored energy, minimizing hazards in the workplace. It features a lightweight design, voltage monitoring software, and compatibility with various ultracapacitor brands. The ULTRAVOLTAGE3000 complies with industry standards and is engineered for safety, addressing customer needs for energy management.
Richardson Electronics, Ltd. (NASDAQ: RELL) will release its financial results for the first quarter ending August 27, 2022, after market close on October 5, 2022. Investors can access the information on the Company's website. A conference call will follow on October 6, 2022, at 9:00 a.m. Central Time, hosted by CEO Edward J. Richardson and CFO Robert J. Ben, including a Q&A session. The Company focuses on engineered solutions across various industries, with over 60% of products manufactured in the U.S. and Germany. For more information, visit www.rell.com.
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