Richardson Electronics, Ltd. Share News

Brings Increased Capabilities to the Company's Portfolio of RF and Microwave Products Brings Increased Capabilities to the Company's Portfolio of RF and Microwave Products

Richardson Electronics, Ltd. (RELL) Q2 2024 Earnings Call Transcript

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.

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 www.rell.com.

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New partnership expands Company's growth opportunities within the Renewable Energy market New partnership expands Company's growth opportunities within the Renewable Energy market

Richardson Electronics, Ltd. (NASDAQ:RELL ) Q1 2024 Earnings Call Transcript October 12, 2023 10:00 AM ET Company Participants Edward Richardson - Chairman of the Board, CEO & President Robert Ben - Chief Financial Officer Greg Peloquin - General Manager, Power & Microwave Technologies Group, Green Energy Solutions Wendy Diddell - Chief Operating Officer and General Manager for Richardson Healt...

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-ov...