Richardson Electronics(RELL)

8.70+0.11+1.28%

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    • AI Earnings
      ·
      2023-07-31

      Richardson Electronics(RELL) 2023Q4 Earnings Summary

      Bullish Points: 1. Fiscal 2023 net sales were $262.7 million, up 16.9% compared to $224.6 million in fiscal 2022. 2. Operating income in fiscal 2023 was $25.0 million, compared to $16.0 million in fiscal 2022. 3. Net income in fiscal 2023 was $22.3 million, compared to $17.9 million in fiscal 2022. 4. Sales growth by segment: PMT increased by 5.7%, GES increased by 110.5%, Canvys increased by 11.8%, and Healthcare increased by 0.5%. 5. Company's strategy is to provide specialized technical expertise and engineered solutions based on core engineering and manufacturing capabilities. Bearish Points: 1. COVID-19 pandemic has had a negative impact on the company's business, results of operations, cash flows, and gross margins, particularly within the Canvys segment. 2. Global supply chain disru
      Richardson Electronics(RELL) 2023Q4 Earnings Summary
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      Yangon64
      ·
      2022-10-06
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      N30
      ·
      2021-09-20
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    • Company Profile

      Company Name
      Richardson Electronics
      Market
      NASDAQ
      Establishment Date
      - -
      Employees
      - -
      Office Location
      - -
      Zip Code
      - -
      Phone
      - -
      Fax
      - -
      Introduction
      Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare businesses in North America, the Asia Pacific, Europe, and Latin America. Its Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; technical services for microwave and industrial equipment; and power conversion and RF and microwave component for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications. The company's Canvys segment provides custom display solutions, such as touch screens, protective panels, all-in-one computers, custom enclosures, specialized cabinet finishes, application specific software packages, and certification services to corporate enterprise, financial, healthcare, industrial, and medical original equipment manufacturer markets. Its Healthcare segment manufactures and distributes diagnostic imaging replacement parts for CT and MRI systems; replacement CT and MRI tubes; MRI coils, cold heads, and RF amplifiers; hydrogen thyratrons, klystrons, and magnetrons; flat panel detector upgrades; pre-owned CT systems; and additional replacement solutions, as well as offers CT service training. It serves hospitals, medical centers, asset management companies, independent service organizations, and multi-vendor service providers. The company's products are used to control, switch, or amplify electrical power signals, as well as used as display devices in alternative energy, healthcare, aviation, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company was founded in 1947 and is headquartered in LaFox, Illinois.
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    High
    8.75
    Open
    8.59
    Volume%
    0.16
    Low
    8.59
    Close
    8.59
    T/O Rate
    0.04%