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Corporation
ELECTRONICS | Electrical Products
rell.com

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Founded Year

1947

Stage

IPO | IPO

Market Cap

0.20B

Stock Price

14.92

About Richardson Electronics

Richardson Electronics is a global provider of engineered solutions, power grid and microwave tubes and related consumables; power conversion and RF and microwave components, flat panel detector solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. The company serves customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific and semiconductor markets.

Richardson Electronics Headquarter Location

40W267 Keslinger Road

LaFox, Illinois, 60147,

United States

630-208-2200

Latest Richardson Electronics News

Richardson Electronics Stock (RELL): Why The Price Jumped

Jan 7, 2022

The stock price of Richardson Electronics, Ltd. (NASDAQ: RELL) increased by 13.61% in the most recent trading session. This is why it happened. The stock price of Richardson Electronics, Ltd. (NASDAQ: RELL) increased by 13.61% in the most recent trading session. Investors responded positively to Richardson Electronics’ financial results for the second quarter ended November 27, 2021. And the company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. Q2 Highlights — Net sales of $54.0 million were up 27.3% from last year’s second quarter. — Sales increased for PMG, Canvys, Healthcare and Semiconductor Wafer Fabrication Equipment products in the second quarter of fiscal 2022 versus the second quarter of fiscal 2021. — Backlog increased to $146.9 million in the second quarter versus $126.5 million at the end of the first quarter. — Gross margin was 32.7% of net sales for the second quarter of fiscal 2022 versus 33.8% of net sales in the prior year’s second quarter primarily due to product mix and higher global freight costs. — Operating expenses decreased $0.4 million to $13.1 million compared to the prior year’s second quarter. This decrease was due to lower legal fees, partially offset by increased employee compensation expense, including higher incentive expense due to the substantially improved performance. — Operating income was $4.5 million for the second quarter of fiscal 2022 compared to an operating income of $0.9 million in the second quarter of fiscal 2021. — Earnings per common share (diluted) were $0.30 for the second quarter of fiscal 2022 compared to $0.05 per common share (diluted) in the second quarter of fiscal 2021. — Cash and investments increased to $39.7 million as of November 27, 2021 versus $36.4 million on August 28, 2021. KEY QUOTE: “Our strong second quarter financial and operating performance is encouraging, as we produced our sixth consecutive quarter of increased revenues and our highest quarterly operating profit in 11 years. Our second quarter results reflect the success of our multiple growth strategies as well as strong performance of new products, including our new ULTRA3000. In addition, we are experiencing favorable demand trends across many of our global markets. I am also pleased by the significant improvement in profitability, which we believe demonstrates the power of our compelling financial model. With continued growth in our backlog, we remain confident that fiscal year 2022 will be a strong year of sales growth and improved profitability.” — Edward J. Richardson, Chairman, Chief Executive Officer, and President Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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Richardson Electronics Patents

Richardson Electronics has filed 4 patents.

The 3 most popular patent topics include:

  • Capacitors
  • Computer memory
  • Energy conversion
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/4/2021

12/7/2021

Capacitors, Computer memory, Energy conversion, Energy storage, Wind turbines

Grant

Application Date

6/4/2021

Grant Date

12/7/2021

Title

Related Topics

Capacitors, Computer memory, Energy conversion, Energy storage, Wind turbines

Status

Grant

Richardson Electronics Web Traffic

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Page Views per Million (PVPM)
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