reports
Richardson Electronics, Ltd. Announces Large-Scale Pitch Energy Module...
Richardson Electronics, Ltd. Announces Large-Scale Pitch Energy Module Retrofit Program Richardson will be providing their patented Pitch Energy Module technology to Suzlon worldwide. LAFOX, Ill., April 30, 2024 (GLOBE NEWSWIRE) -- . (NASDAQ: RELL), a global provider of engineered solutions for renewable energy and other power management applications, announced a strategic partnership with Suzlon Energy Limited, India's largest renewable energy solutions provider. Richardson Electronics will develop pitch energy modules for Suzlon's global fleet of wind turbines, a testament to their en...
Richardson Electronics Ltd: 1 director
A director at Richardson Electronics Ltd bought 2,500 shares at 10.049USD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
Richardson Electronics Reports Third Quarter Fiscal 2024 Results and D...
Richardson Electronics Reports Third Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend Sales increased 18.7% sequentially, reflecting improving business conditions. Inventory decreased $4.0 million sequentially, reflecting focus on improving working capital levels. LAFOX, Ill., April 10, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its third quarter ended March 2, 2024. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. "The sequential increase...
Richardson Electronics Announces Date of Third Quarter Fiscal Year 202...
Richardson Electronics Announces Date of Third Quarter Fiscal Year 2024 Conference Call LAFOX, Ill., April 03, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its third quarter ended March 2, 2024 after the close of business on Wednesday, April 10, 2024. The release will be distributed by GlobeNewswire and will be available on the Company’s website at . On Thursday, April 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 co...
Richardson Electronics, Ltd. Announces Global Distribution Agreement w...
Richardson Electronics, Ltd. Announces Global Distribution Agreement with Ideal Power LAFOX, Ill., March 18, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: RELL) announced today a global distribution agreement with (NASDAQ: IPWR) for products including the discrete B-TRAN™ device and SymCool™ power module. Ideal Power is pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch. “We are excited to announce Richardson Electronics as the first distributor for our products. They have strong technical sales capabilit...
Richardson Electronics, Ltd. Completes Phase One of Largest Retrofit o...
Richardson Electronics, Ltd. Completes Phase One of Largest Retrofit of Ultracapacitors for Pitch Energy Modules in North America Company reaches milestone with over 50,000 units of patented ULTRA3000® installed LAFOX, Ill., March 14, 2024 (GLOBE NEWSWIRE) -- . (NASDAQ: RELL), a global provider of engineered solutions for renewable energy and other power management applications, has reached a significant milestone with the shipment and installation of over 50,000 patented pitch energy modules ("PEMs"). PEMs store and manage energy required to adjust the blade angles to ensure effective...
Microwave Components, Inc. Joins Richardson Electronics, Ltd. Portfoli...
Microwave Components, Inc. Joins Richardson Electronics, Ltd. Portfolio of Technology Partners Brings Increased Capabilities to the Company’s Portfolio of RF and Microwave Products LAFOX, Ill., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) announced today a global agreement has been reached with Microwave Components, Inc. (MCI). Microwave Components, Inc. of Dracut, Massachusetts is a Veteran-owned, U.S. company that has been a leading manufacturer of custom miniature electronic air coils since 1978. MCI coils are manufactured to meet its customers’ sp...
Richardson Electronics Reports Second Quarter Fiscal 2024 Results and ...
Richardson Electronics Reports Second Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend Results reflect challenging economic conditions as well as decline in sales to semiconductor wafer fab customers and project delays across the Company’s GES business. Backlog increased 2% over the past three months, which management believes indicates stabilizing demand. Company implements new ownership requirements for outside directors. LAFOX, Ill., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its second quarter e...
Richardson Electronics Announces Date of Second Quarter Fiscal Year 20...
Richardson Electronics Announces Date of Second Quarter Fiscal Year 2024 Conference Call LAFOX, Ill., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to 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 . 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...
Richardson Electronics, Ltd. and Integrated Power Services (IPS) Annou...
Richardson Electronics, Ltd. and Integrated Power Services (IPS) Announce Partnership to Bring Patented ULTRA3000® to Key Wind Owner Operators New partnership expands Company's growth opportunities within the Renewable Energy market LAFOX, Ill., Dec. 20, 2023 (GLOBE NEWSWIRE) -- . (NASDAQ: RELL), a global provider of engineered solutions for renewable energy applications, is pleased to announce a partnership with Integrated Power Services (IPS) in North America. This partnership allows IPS to supply and install Richardson's patented pitch energy module to key customers in North America...
Richardson Electronics Reports First Quarter Fiscal 2024 And Declares ...
Richardson Electronics Reports First Quarter Fiscal 2024 And Declares Quarterly Cash Dividend First Quarter Highlights Net sales of $52.6 million were down $15.0 million, or 22.2% from last year’s first quarter primarily due to a near-term reduction in sales to semiconductor wafer fab customers, and a timing-related reduction in ultracapacitor module sales to replace lead acid batteries in existing wind turbines. A challenging economic backdrop accounted for the remainder of the year-over-year decline in sales.Backlog totaled $148.1 million in the first quarter versus $160.4 million at t...
Richardson Electronics Announces Date of First Quarter Fiscal Year 202...
Richardson Electronics Announces Date of First Quarter Fiscal Year 2024 Conference Call LAFOX, Ill., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its first quarter ended September 2, 2023 after the close of business on Wednesday, October 11, 2023. The release will be distributed by GlobeNewswire and will be available on the Company’s website at . On Thursday, October 12, 2023, at 9:00 a.m. Central Time, Edward J. Richardson, Chairman and Chief Executive Officer, and Robert J. Ben, Chief Financial Officer, will ho...
Richardson Electronics, Ltd. Receives Patent for Its Ultracapacitor Ge...
Richardson Electronics, Ltd. Receives Patent for Its Ultracapacitor Generator Start Module - ULTRAGEN3000™ Newly issued patent to support the Company's growth opportunities within energy storage solutions LAFOX, Ill., Oct. 02, 2023 (GLOBE NEWSWIRE) -- . (NASDAQ: RELL), a global provider of engineered solutions for renewable energy, is pleased to announce the issuance of U.S. Patent No. 11,764,002 (the "’002 Patent"). The is a result of Richardson's innovative technology using ultracapacitors embedded in its ULTRAGEN3000™ generator start module or GSM. The ULTRAGEN3000™ is a compact GSM...
Richardson Electronics, Ltd. Introduces New Consumables for Fiber Lase...
Richardson Electronics, Ltd. Introduces New Consumables for Fiber Lasers at FABTECH 2023 See our new lineup of nozzles, protective windows and laminated bellows at booth A3315 LAFOX, Ill., Sept. 06, 2023 (GLOBE NEWSWIRE) -- . (NASDAQ: RELL) is introducing its new line of push-fit nozzles, F-Style nozzles with chrome plated tip, a new series of bellows with laminated covers for use in , and new protective windows for use in machines from leading fiber laser brands. This new lineup features the following: Our new line of push-fit nozzles includes the Classic style made of high-quality c...
Richardson Electronics, Ltd. to Present and Host 1x1 Investor Meetings...
Richardson Electronics, Ltd. to Present and Host 1x1 Investor Meetings at the 14th Annual Midwest IDEAS Investor Conference on August 23rd in Chicago, IL LAFOX, Ill., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions for the green energy, power management, custom display, and healthcare markets, today announced Edward J. Richardson, Chief Executive Officer, will present at the Midwest IDEAS Investor Conference on Wednesday, August 23, 2023, at The Gwen in Chicago, IL. Richardson Electronics’ presentation is scheduled t...
Richardson Electronics, Ltd. Upgrades Headquarters to Accommodate Grow...
Richardson Electronics, Ltd. Upgrades Headquarters to Accommodate Growing Green Energy Solutions Business Unit Investor open house and presentation planned for August 22, 2023 LAFOX, Ill., July 24, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: RELL), a global provider of engineered solutions for the green energy, power management, custom display and healthcare markets, announced today the completion of recent upgrades to its LaFox, IL Headquarters after investing several million dollars to expand its design, manufacturing and test capabilities and capacity. The expansion adds more than 16,000 squa...
Richardson Electronics Reports 16.9% Revenue Growth and a 56.6% Increa...
Richardson Electronics Reports 16.9% Revenue Growth and a 56.6% Increase in Operating Income for Fiscal 2023; Declares Quarterly Cash Dividend Green Energy Solutions net sales increase 61.7% over Q4 FY22 and 110.5% over Fiscal 2022 Fiscal 2023 Highlights For fiscal 2023, net sales increased 16.9% to $262.7 million.Operating income was $25.0 million for fiscal 2023, compared to $16.0 million for fiscal 2022.An income tax expense of $2.7 million and Non-GAAP income tax expense* of $5.0 million for fiscal 2023. The income tax expense was reduced by a one-time $1.8 million reversal of the...
Richardson Electronics Announces Date of Fourth Quarter Fiscal Year 20...
Richardson Electronics Announces Date of Fourth Quarter Fiscal Year 2023 Conference Call LAFOX, Ill., July 12, 2023 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its fourth quarter ended May 27, 2023 after the close of business on Wednesday, July 19, 2023. The release will be distributed by GlobeNewswire and will be available on the Company’s website at . On Thursday, July 20, 2023, 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 conf...
Richardson Electronics, Ltd. to Present at the TD Cowen Sustainability...
Richardson Electronics, Ltd. to Present at the TD Cowen Sustainability Week Investor Conference Fireside Chat on Friday, June 9 at 1:10 P.M. ET / 12:10 P.M. CT LAFOX, Ill., June 05, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: RELL), a global provider of engineered solutions for the green energy, power management, custom display and healthcare markets, announced today that it will be presenting at the TD Cowen Sustainability Week Investor Conference. Edward J. Richardson, Chairman and CEO of Richardson Electronics, will be hosting a fireside chat on Friday, June 9 at 1:10 p.m. ET / 12:10 p.m. CT....
Richardson Electronics’ Patented ULTRA3000® Selected by GE Vernova as ...
Richardson Electronics’ Patented ULTRA3000® Selected by GE Vernova as the Exclusive Pitch Energy Module Available on their Expanded Product Marketplace LAFOX, Ill., May 24, 2023 (GLOBE NEWSWIRE) -- . (Nasdaq: RELL) announced today that its Pitch Energy Module (PEM) has been selected by GE Vernova to be featured on their recently for onshore wind parts and essentials. GE’s marketplace specializes in onshore wind turbine parts, including parts for other OEM wind turbines. Richardson Electronics has worked with GE to make this product available to the owner/operators of GE wind turbines in...
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