Richardson Electronics Ltd
NASDAQ:RELL

  • LAST PRICE
    9.9950
  • TODAY'S CHANGE (%)
    0.0350 (0.3514%)
  • Bid / Lots
    9.6700/ 3
  • Ask / Lots
    10.5000/ 1
  • Open / Previous Close
    9.9700 / 9.9600
  • Day Range
    9.8200
    10.1100
  • 52 Week Range
    8.0800
    19.5798
  • Volume
    214,822

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  • Apr 11, 2024

  • Apr 10, 2024

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    • 5:45PM ET on Wednesday Apr 10, 2024 by MT Newswires
      Companies Mentioned: RELL
      05:45 PM EDT, 04/10/2024 (MT Newswires) -- Richardson Electronics (RELL) reported fiscal Q3 earnings late Wednesday of $0.05 per diluted share, down from $0.40 a year earlier. One analyst polled by Capital IQ expected $0.02. Net sales for the quar...

    • 5:36PM ET on Wednesday Apr 10, 2024 by MT Newswires
      Companies Mentioned: RELL
      05:36 PM EDT, 04/10/2024 (MT Newswires) -- Price: 9.71, Change: +0.36, Percent Change: +3.85 ...

    • 4:15PM ET on Wednesday Apr 10, 2024 by MT Newswires
      Companies Mentioned: RELL
      04:15 PM EDT, 04/10/2024 (MT Newswires) -- ...

    • 4:15PM ET on Wednesday Apr 10, 2024 by Dow Jones
      Companies Mentioned: RELL
      Inventories 3,974 (3,638) (2,246) (21,764) Prepaid expenses and other assets 151 (153) (58) (578) Accounts payable (4,072) (12) (5,204) 784 Accrued liabilities 247 (661) 625 486 Other 121 (192) 164 397 ------ ------ ------ ------- Net cash used in operating activities (2,531) (4,260) (716) (11,413) ------ ------ ------ ------- Investing activities: Capital expenditures (401) (2,230) (3,057) (4,973) Proceeds from maturity of investments -- 5,000 -- 5,000 Proceeds from sale of property, plant & equipment -- -- -- 193 Net cash (used in) provided by investing activities (401) 2,770 (3,057) 220 ------ ------ ------ ------- Financing activities: Proceeds from issuance of common stock -- 511 342 3,413 Cash dividends paid on Common and Class B Common shares (844) (834) (2,532) (2,484) Proceeds from short-term borrowing 3,744 -- 3,744 -- Repayment of short-term borrowing (3,744) -- (3,744) -- Other -- -- (119) (69) ------ ------ ------ ------- Net cash (used in) provided by financing activities (844) (323) (2,309) 860 ------ ------ ------ ------- Effect of exchange rate changes on cash and cash equivalents (113) 352 (19) (517) ------ ------ ------ ------- Decrease in cash and cash equivalents (3,889) (1,461) (6,101) (10,850) Cash and cash equivalents at beginning of period 22,769 26,106 24,981 35,495 ------ ------ ------ ------- Cash and cash equivalents at end of period $18,880 $ 24,645 $18,880 $ 24,645 ====== ====== ====== ======= Richardson Electronics, Ltd. Unaudited Net Sales and Gross Profit For the Third Quarter and First Nine Months of Fiscal 2024 and 2023 ($ in thousands) By Strategic Business Unit Net Sales Three Months Ended ------------ --------------------------------- FY24 vs. February 25, FY23 % March 2, 2024 2023 Change --------------- ---------------- PMT $ 31,163 $ 46,822 -33.4% GES 11,531 11,471 0.5% Canvys 6,590 9,685 -32.0% Healthcare 3,091 2,386 29.5% ----------- --- ----------- Total $ 52,375 $ 70,364 -25.6% =========== === =========== Nine Months Ended ---------------------------------- FY24 vs. FY23 % March 2, 2024 February 25, 2023 Change --------------- ----------------- PMT $ 98,199 $ 132,761 -26.0% GES 18,534 32,275 -42.6% Canvys 23,770 30,177 -21.2% Healthcare 8,583 8,613 -0.3% ----------- --- ------------ Total $ 149,086 $ 203,826 -26.9% =========== === ============ Gross Profit Three Months Ended ----------- -------------------------------------------- % of % of March 2, Net February 25, Net 2024 Sales 2023 Sales ---------- ----- ------------- ------ PMT $ 8,815 28.3% $ 15,404 32.9% GES 3,070 26.6% 2,948 25.7% Canvys 2,265 34.4% 3,103 32.0% Healthcare 1,286 41.6% 950 39.8% ------ --- -------- Total $ 15,436 29.5% $ 22,405 31.8% ====== === ======== Nine Months Ended -------------------------------------------- % of % of March 2, Net February 25, Net 2024 Sales 2023 Sales ---------- ----- ------------- ------ PMT $ 29,231 29.8% $ 44,950 33.9% GES 5,411 29.2% 10,132 31.4% Canvys 8,070 34.0% 9,364 31.0% Healthcare 2,530 29.5% 2,837 32.9% ------ --- -------- Total $ 45,242 30.3% $ 67,283 33.0% ====== === ======== For Details Contact: 40W267 Keslinger Road Edward J. Richardson Robert J. Ben PO BOX 393 Chairman and CEO EVP & CFO LaFox, IL 60147-0393 USA Phone: (630) 208-2320 (630) 208-2203 (630) 208-2200 | Fax: (630) 208-2550

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