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Richardson Electronics Ltd

Richardson Electronics Ltd (RELL)

11.79
-0.05
(-0.42%)
Closed June 22 4:00PM
11.78
-0.01
(-0.08%)
After Hours: 7:59PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
11.79
Bid
10.51
Ask
13.00
Volume
109,074
11.59 Day's Range 11.89
8.08 52 Week Range 18.40
Market Cap
Previous Close
11.84
Open
11.81
Last Trade Time
Financial Volume
$ 1,285,078
VWAP
11.7817
Average Volume (3m)
107,128
Shares Outstanding
14,278,441
Dividend Yield
2.04%
PE Ratio
7.53
Earnings Per Share (EPS)
1.56
Revenue
262.66M
Net Profit
22.33M

About Richardson Electronics Ltd

Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion and RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customize... Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion and RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. It has PMT(Power and Microwave Technologies Group), Canvys, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment. Its geographical segments include North America, Asia Pacific, Europe, and Latin America. Show more

Sector
Electronic Parts,eq-whsl,nec
Industry
Electronic Parts,eq-whsl,nec
Website
Headquarters
Wilmington, Delaware, USA
Founded
1970
Richardson Electronics Ltd is listed in the Electronic Parts,eq-whsl sector of the NASDAQ with ticker RELL. The last closing price for Richardson Electronics was $11.84. Over the last year, Richardson Electronics shares have traded in a share price range of $ 8.08 to $ 18.40.

Richardson Electronics currently has 14,278,441 shares outstanding. The market capitalization of Richardson Electronics is $168.20 million. Richardson Electronics has a price to earnings ratio (PE ratio) of 7.53.

RELL Latest News

Richardson Electronics, Ltd. to Showcase New RF and Microwave Technology Partners at the 2024 International Microwave Symposium

LAFOX, Ill., June 17, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), an industry-leading global provider of engineered solutions and RF and Microwave technologies, will be...

Richardson Electronics, Ltd. Announces Large-Scale Pitch Energy Module Retrofit Program

LAFOX, Ill., April 30, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions for renewable energy and other power management...

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...

U.S. Index Futures Show Mixed Trend Ahead of Key Inflation Data Release, Oil Prices Edge Higher

U.S. index futures are showing a mixed trend in Wednesday’s pre-market trading. Investors are eagerly awaiting fundamental US inflation data, which should provide crucial insights into the...

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...

Richardson Electronics, Ltd. Announces Global Distribution Agreement with Ideal Power

LAFOX, Ill., March 18, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) announced today a global distribution agreement with Ideal Power (NASDAQ: IPWR) for products including...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.030.25510204081611.7612.13511.236797111.69903654CS
41.1110.39325842710.6812.13510.6457165311.38218233CS
122.5828.0130293169.2112.135910712810.43022873CS
26-1.48-11.15297663913.2713.798.0812930510.02011441CS
52-6.49-35.503282275718.2818.48.0813531111.85219663CS
1563.7246.09665427518.0727.247.214019615.38269371CS
2606.53124.1444866925.2627.243.110219413.73930946CS

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RELL Discussion

View Posts
Bunti Bunti 7 months ago
$RELL current price crossed 50 days moving average price.
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Bunti Bunti 9 months ago
Inverse head and shoulder chart pattern was formed on the weekly chart.
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Bunti Bunti 10 months ago
https://www.rell.com/press-news/richardson-electronics-ltd-introduces-new-consumables-for-fiber-lasers-at-fabtech-2023/
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Bunti Bunti 10 months ago
$RELL Fundamental Analysis:
Market Cap : $173.411M
PE Ratio (TTM) : 7.85
EPS (TTM) : 1.55
Earnings Date : Oct 03, 2023 - Oct 09, 2023
Enterprise Value : 158.16M
Trailing P/E : 8.17
Forward P/E : 13.05
PEG Ratio (5 yr expected) : 0.65
Profit Margin : 8.50%
Operating Margin (ttm) : 9.51%
Return on Assets (ttm) : 8.26%
Return on Equity (ttm) : 15.13%
Revenue (ttm) : $262.66M
Revenue Per Share (ttm) : 18.77
Gross Profit (ttm) : 83.69M
Net Income Avi to Common (ttm) : 22.33M
Total Cash (mrq) : $24.98M
Total Cash Per Share (mrq) : 1.75
Total Debt (mrq) : $2.46M
Float : 11.8M
% Held by Insiders : 3.00%
% Held by Institutions : 72.05%
50-Day Moving Average : 13.90
200-Day Moving Average : 19.00
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crudeoil24 crudeoil24 2 years ago
Possible 15.00+ in AH. Outstanding revenue growth and net profits are super catalysts.

RELL
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crudeoil24 crudeoil24 2 years ago
RELL up 16% > hits 52 week hi. > Richardson Electronics (NASDAQ:RELL) reported quarterly earnings of $0.30 per share. This is a 500 percent increase over earnings of $0.05 per share from the same period last year. The company reported $54.00 million in sales this quarter. This is a 27.30 percent increase over sales of $42.42 million the same period last year.
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fishhunter fishhunter 3 years ago
Never saw the $1.x mil legal settlement coming. Sold my trading shares and will hold my core for another 3 months.
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fishhunter fishhunter 3 years ago
By the way, it is going up for the right reason. It is fundamentally undervalued below $10.

Revenue is trending up, EPS is trending up. Also for the right reasons, 5G equipment and CT bulbs and simply the booming construction going on in all sectors.

Then add in the rock solid fortress like balance sheet with a ton of cash and a decent 4% dividend.

$6 was a joke, $8 is a joke, it is easily worth $12 today. But if it spikes, I sell.....then buy back.....I hope.
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fishhunter fishhunter 3 years ago
KaBOOM....going way UP!
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fishhunter fishhunter 3 years ago
Agree!
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Jess070283 Jess070283 3 years ago
Load em up!$$$
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fishhunter fishhunter 3 years ago
Beautiful trend up is happening right before our eyes! Long way to go!
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fishhunter fishhunter 3 years ago
Every day including today!
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fishhunter fishhunter 3 years ago
I buy 2000 shares every day!
Fair value right now is $9 in my view.
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fishhunter fishhunter 3 years ago
Great cc, read the transcript.
Stock will have a great 2021 and 2022!
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fishhunter fishhunter 3 years ago
Nice Quarterly report.
Should pop a little tomorrow.
It is worth $12 right now.
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fishhunter fishhunter 3 years ago
A few value investors buying today!
Nice Green Day.
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fishhunter fishhunter 4 years ago
Started buying RELL about a week ago.
Added more today!
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ValueInvestor15 ValueInvestor15 7 years ago
Multiple valuation analyses imply Richardson Electronics $RELL is highly undervalued... earnings Tuesday:

Fair Value Source
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james1844 james1844 8 years ago
RELL valued at $110 M under current conditions.

http://www.thousandaire.com/richardson-electronics-rell/
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RELLValue RELLValue 8 years ago
Well known Value Investor, John Rogers (Ariel Investments, LLC.) establishes new position in RELL worth $6,807,000 (1,153,810 shares).

"Richardson Electronics, Ltd. (RELL) – trading below cash with no debt, we view Richardson as an extremely mis- priced net asset value situation. The company manufactures and distributes replacement parts used in large electronic equipment in the healthcare, military, scientific, satellite communications, and semiconductor markets. A recent decision to undertake a significant share repurchase program has added to the stock’s appeal."

http://docdro.id/IHBQXN9

https://www.arielinvestments.com
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RELLValue RELLValue 8 years ago
Latest 8K from RELL:

http://www.rell.com/webfoo/wp-content/uploads/2016/01/PressRelease-Q2-16.pdf
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RELLValue RELLValue 8 years ago
Here is the research I mentioned earlier that I conducted. It shows the current value opportunity compared to an earlier time period where value was not present.

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RELLValue RELLValue 8 years ago
Here is a visual of what occurred from 6/30/15 - 9/30/15 during the large institutional sell off that drove the price down of RELL and created a buying opportunity for the first time in over a decade.

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RELLValue RELLValue 8 years ago
RELL is a new position for me and I hope to find other people on this board that I can share a discussion regarding it.

Here is a spreadsheet I converted to .pdf for anyone that has interest in reading: bit.ly/1OE0Xs6

It shows that, contrary to previous investors sentiments, RELL has only now become a buying opportunity. It outlines how RELL has been focused on increasing the tangible value of their assets while they increase their scope on organic growth to build long term cash flow for the business.

RELL has experienced unexpected situations lately, and there's no denying that, but what they've done by increasing their net worth from a negative NCAV value in 2009 to over $8 per share today is quite remarkable. Unfortunately for many investors, stock purchases were made too early before an opportunity had arisen.

For example: both RGM Captial, llc. & Gates capital Management, Inc., both adhering to the value principles of investing, made their purchases above $11 per share when a value opportunity clearly was not present. I was asked to analyze RELL back in 2010 when I was approached by a value practitioner and I quickly realized that no opportunity was present at the time. Not until recently, within the last few months, has there been an opportunity for entry at a point where the share price is trading for less than a growing NCAV value.

I look forward to sharing ideas and perspectives about this business.
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Rawnoc Rawnoc 14 years ago
Richardson Electronics Awarded Top Distributor of the Year

Overall performance recognized by leading RF & Microwave supplier

LA FOX, Ill., Jul 20, 2010 (BUSINESS WIRE) -- Richardson Electronics, Ltd.
(RELL), today announced it has received the "Top Distributor of the Year" award
for 2010 from TriQuint Semiconductor, Inc., a leading RF front-end product
manufacturer and foundry services provider. The award recognizes Richardson
Electronics' superior overall performance, including support, service, design
wins and responsiveness to global customers. Award winners were chosen based on
nominations by members of TriQuint's executive sales team and announced at
TriQuint's annual sales conference.

"We are excited that TriQuint recognizes and values our global strategy of
engineer focused distribution," said Greg Peloquin, Executive Vice President and
General Manager of RF, Wireless and Power Division. "Our teams generated
tremendous growth in a short time and we will see this continue as our key
markets are growing and are showing continued signs of investment."

Todd DeBonis, Vice President of Global Sales & Strategic Development at TriQuint,
congratulated Richardson Electronics and thanked them for their support in
helping continue to grow TriQuint's business. "The markets for our products --
Wireless Infrastructure, Mobile Devices, Defense Radar and Aerospace Satellites
-- are continuing to grow. Our solutions are not only in the devices, but also in
the backhaul networks transporting the data, voice and video. This is an exciting
time to be part of this business."

About the RF, Wireless & Power Division (RFPD) of Richardson Electronics, Ltd.

RFPD, a division of Richardson Electronics, LTD. (RELL), is a global provider of
engineered solutions and a global distributor of electronic components to the RF
and wireless communications market and the industrial power conversion market.
RFPD designs, manufactures and distributes discrete devices, components, and
assemblies used in RF and wireless infrastructure communications networks,
digital broadcasting, defense, and power conversion. More information is
available online at http://www.rell.com.

SOURCE: Richardson Electronics, Ltd.

Erika Engers
Director, Marketing Communications
RF, Wireless & Power Division
Email : erika@rell.com


Copyright Business Wire 2010
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makesumgravy makesumgravy 15 years ago
The share buyback of common stock was announced in Jan of this year. The actual share count for its common stock is 14,865,370

REDUCING DEBT During the second quarter of fiscal 2009, we retired $3.3 million of our 8% convertible senior subordinated notes at a discount of 29%, resulting in a net gain of $849,000. The retirement of the notes was financed through cash generated from operating activities.

SHARE REPURCHASE PROGRAM On January 6, 2009, the Company’s Board of Directors approved a share repurchase program authorizing the Company to purchase up to $12.6 million of its outstanding common stock. Stock repurchases under this program may be made on the open market or in privately negotiated transactions, depending on factors including market conditions and other factors. The stock repurchase program does not have an expiration date and may be suspended or discontinued at any time.

“We believe an investment in our stock at this time represents an excellent opportunity for us to return value to our shareholders,” said Mr. Richardson.

OUTLOOK “The second quarter financial results reflect continued progress in many key areas of our business. While the current economic crisis limits our visibility to future sales, we remain committed to improving gross margin and reducing costs throughout the company” added Mr. Richardson.

CASH DIVIDEND The Company today also announced that its Board of Directors voted to declare a $0.02 cash dividend per share to all holders of common stock and a $0.018 cash dividend per share to all holders of Class B common stock. The dividend will be payable on February 20, 2009, to all common stockholders of record on February 11, 2009. The Company currently has 14,865,370 outstanding shares of common stock and 3,048,258 outstanding shares of Class B common stock.

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makesumgravy makesumgravy 15 years ago
As of April 6, 2009, there were outstanding 14,865,370 shares of Common Stock, $0.05 par value and 3,048,258 shares of Class B Common Stock, $0.05 par value, which are convertible into Common Stock of the registrant on a share for share basis.


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makesumgravy makesumgravy 15 years ago
Richardson Electronics Awarded "Distributor of the Year" by Microsemi Corporation
On Tuesday April 28, 2009, 10:07 am EDT
Buzz up! Print Related:Richardson Electronics Ltd.
LAFOX, Ill.--(BUSINESS WIRE)--Richardson Electronics, Ltd. (NASDAQ:RELL - News), today announces that it has been named “Distributor of the Year” by Microsemi Corporation’s Power Products Group. This distinction, presented annually by the Microsemi Sales and Marketing teams, goes to the distributor who has consistently shown exemplary design, sales and logistics support to Microsemi’s global customer base.

Related Quotes
Symbol Price Change
RELL 3.94 +0.11


In presenting the award to Richardson Electronics, Microsemi’s Director of Global Sales, Scott Lindberg, stated: “Richardson’s success with Microsemi over the years is attributed to consistently doing the right things, the right way, with the right timing. Microsemi congratulates Richardson and all of its employees on receiving the Microsemi Distributor of the Year award.”

“This award is special in that it is voted by the Microsemi sales and product groups located throughout the world. We are proud to accept this award, on behalf of our employees, and we thank our friends at Microsemi for honoring us in this way. We look forward to continuing our high levels of service and support to Microsemi, and to our mutual customers throughout the globe,” says Greg Peloquin, Executive Vice President and General Manager for Richardson’s RF, Wireless & Power Division.

About Microsemi Corporation

Microsemi Corporation, with corporate headquarters in Irvine, California, is a leading designer, manufacturer and marketer of high performance analog and mixed-signal integrated circuits and high reliability semiconductors. The company's semiconductors manage and control or regulate power, protect against transient voltage spikes and transmit, receive and amplify signals. Microsemi's products include individual components as well as integrated circuit solutions that enhance customer designs by improving performance and reliability, battery optimization, reducing size or protecting circuits. The principal markets the company serves include implanted medical, defense/aerospace and satellite, notebook computers, monitors and LCD TVs, automotive and mobile connectivity applications. More information may be obtained by contacting the company directly or by visiting its website at http://www.microsemi.com.

About the RF, Wireless & Power Division (RFPD) of Richardson Electronics, Ltd.

RFPD, a division of Richardson Electronics, LTD. (NASDAQ:RELL - News), is a global provider of engineered solutions and a global distributor of electronic components to the RF and wireless communications market and the industrial power conversion market. RFPD designs, manufactures and distributes discrete devices, components, and assemblies used in RF and wireless infrastructure communications networks, digital broadcasting, defense, and power conversion. More information is available online at www.rell.com.




Contact:
Richardson Electronics, Ltd.
Greg Peloquin, Executive Vice President
and General Manager, RFPD
Phone: 630-208-2631
Email: gregp@rell.com
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makesumgravy makesumgravy 15 years ago
Richardson Electronics Reports Third Quarter Fiscal 2009 Results and Declares Cash Dividend
On Wednesday April 8, 2009, 6:05 pm EDT
http://finance.yahoo.com/news/Richardson-Electronics-bw-14886420.html?.v=1
Buzz up! Print Related:Richardson Electronics Ltd.
LAFOX, Ill.--(BUSINESS WIRE)--Richardson Electronics, Ltd. (NASDAQ:RELL - News) today reported net sales for the third quarter ended February 28, 2009, of $110.3 million, a 20.6% decrease from net sales of $138.9 million for the third quarter of fiscal 2008. The net loss for the third quarter of fiscal 2009 was $11.4 million, compared to a net loss of $2.2 million in the prior year. The net loss of $11.4 million for the third quarter of fiscal 2009 includes $9.7 million of significant charges primarily due to the write-off of $5.8 million of software development costs as a result of the decision that it would be too costly and disruptive to proceed with the related system implementation. Excluding the $9.7 million of significant charges, net loss would have been $1.7 million. A complete reconciliation of these items is provided within this press release under the heading “Certain Non-GAAP Financial Information.”

Related Quotes
Symbol Price Change
RELL 3.94 +0.11


Gross margin was $23.7 million, or 21.5%, during the third quarter of fiscal 2009, which includes $2.0 million of expense for increased inventory reserves related to exiting certain markets and product lines, low-margin customers, and the analog to digital broadcast conversion. The gross margin percentage during the third quarter reflects the fact that sales within the Company’s higher-margin businesses, specifically the Electron Device Group and Canvys, declined at a faster rate than sales for the RF, Wireless and Power Division.

Selling, general, and administrative (“SG&A”) costs during the third quarter of fiscal 2009 were $27.7 million, or 25.1% of net sales. The SG&A costs for the third quarter of fiscal 2009 include $1.2 million of severance expense and $0.7 million of expense related to the write-off of a long-term note receivable. Excluding these items, SG&A for the third quarter would have been $25.8 million.

“Given our sales decline, we aggressively reduced our operating cost structure. We accelerated staffing reductions, acted upon underperforming business lines and customers, and reduced discretionary spending. We believe these actions, the majority of which are permanent, should lead to significantly improved financial performance,” said Edward J. Richardson, Chairman, Chief Executive Officer and President of Richardson Electronics, Ltd.

FINANCIAL SUMMARY ─ THREE MONTHS ENDED FEBRUARY 28, 2009


Net sales for the third quarter of fiscal 2009 were $110.3 million, down 20.6%, compared to net sales of $138.9 million during the third quarter of last year.
Gross margin as a percent of net sales decreased to 21.5% during the third quarter of fiscal 2009, compared to 22.5% during the third quarter of last year. The gross margin percent of 21.5% includes $2.0 million of additional inventory reserves recorded during the third quarter.
SG&A expenses decreased to $27.7 million during the third quarter of fiscal 2009, including $1.2 million of severance expense and $0.7 million of expense related to the write-off of a note receivable, compared to $32.0 million during the third quarter of last year.
Operating loss during the third quarter of fiscal 2009 was $9.7 million, compared to an operating loss of $0.7 million during the third quarter of last year.
Net loss during the third quarter of fiscal 2009 was $11.4 million versus a net loss of $2.2 million during the third quarter of last year.

FINANCIAL SUMMARY ─ NINE MONTHS ENDED FEBRUARY 28, 2009


Net sales for the first nine months of fiscal 2009 were $381.8 million, down 7.6%, compared to net sales of $413.3 million during the first nine months of last year.
Gross margin as a percent of net sales decreased slightly to 23.5% during the first nine months of fiscal 2009, compared to 23.6% during the first nine months of last year.
SG&A decreased to $84.1 million during the first nine months of fiscal 2009, compared to $93.3 million during the first nine months of last year.
Operating loss during the first nine months of fiscal 2009 was $0.3 million, compared to operating income of $4.4 million during the first nine months of last year.
Net loss during the first nine months of fiscal 2009 was $1.8 million, compared to a net loss of $3.2 million during the first nine months of last year.

FOCUS ON WORKING CAPITAL MANAGEMENT AND CASH FLOWS

Cash flows used in operating activities were $2.0 million during the third quarter of fiscal 2009, compared to cash flows used in operating activities of $0.4 million during the third quarter of last year.

“Despite the challenges of the current global economy and market conditions, we have maintained a strong cash position. Improvements in working capital, combined with stronger financial performance will allow us to return positive operating cash flow during the fourth quarter,” said Kathleen S. Dvorak, Executive Vice President and Chief Financial Officer.

During the third quarter, the Company did not repurchase any shares of its common stock under the share repurchase program. The share repurchase program was approved by the Company’s Board of Directors in January 2009. The share repurchase program does not have an expiration date and may be cancelled at any time.

OUTLOOK

“Despite the weakening economy, our focus for the fourth quarter and for fiscal 2010 will continue to be on capturing new sales opportunities while keeping tight controls on expenses. We believe that our lower cost structure positions us to significantly improve profitability as the industry and overall economic conditions improve,” concluded Mr. Richardson.

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makesumgravy makesumgravy 15 years ago
http://finance.aol.com/company/richardson-electronics-ltd/rell/nas
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makesumgravy makesumgravy 15 years ago
http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=300248&capId=300246&previousCapId=300246&previousTitle=Richardson%20Electronics%20Ltd.
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mccoy mccoy 15 years ago
Thanks MAKESUMGRAVY im in DRYS also.
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makesumgravy makesumgravy 15 years ago
Richardson Electronics Reports Second Quarter Fiscal 2009 Results, Announces Share Repurchase Program, & Declares Cash Dividend




Richardson Electronics, Ltd. (NASDAQ: RELL) today reported second quarter fiscal 2009 net income of $5.9 million, or $0.31 per diluted common share, on sales of $132.6 million, compared with a net loss of $0.7 million on sales of $145.0 million last year.

SG&A costs during the second quarter declined to $28.2 million, or 21.3% of net sales, compared to $31.3 million, or 21.6% of net sales last year. Operating income during the second quarter was $5.0 million, or 3.7% of net sales, compared to operating income of $2.5 million, or 1.7% of net sales last year. Cash provided by operating activities during the second quarter was $4.5 million, compared to $2.7 million of cash provided by operating activities during the second quarter last year.

“While our sales have been impacted by the weakening economic conditions, I am pleased with the significant progress we have made in driving costs out of the company. Our progress is reflected in the operating income of $5.0 million during the second quarter and $9.4 million for the first half of this fiscal year,” said Edward J. Richardson, Chairman, Chief Executive Officer and President of Richardson Electronics, Ltd.

“In light of the uncertainty surrounding the current global economic environment, we will continue to make adjustments to our cost structure and business model to enhance our profitability,” added Mr. Richardson.


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makesumgravy makesumgravy 15 years ago
Market Capitalisation 53.4 mil
Latest Shares Outstanding 17.9 mil
Earnings pS (EPS) -0.48 $
Dividend pS (DPS) 0.12 ¢
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makesumgravy makesumgravy 15 years ago
Richardson Announces Date of Second Quarter Fiscal 2009 Conference Call




Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for the second quarter ended November 29, 2008, after the close of business on Wednesday, January 7, 2009. The release will be distributed by Business Wire and will be available on the Company’s website at www.rell.com.

On Thursday, January 8, 2009, at 9:00 a.m. CT, Edward J. Richardson, Chairman and Chief Executive Officer, and Kathleen S. Dvorak, Chief Financial Officer, will host a conference call to discuss the Company’s second quarter fiscal 2009 results. A question and answer session will be included as part of the call’s agenda. To listen to the call, please dial 888-419-5570 and enter passcode 18839404 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 11:00 a.m. CT on January 8, 2009, for seven days. The telephone numbers for the replay are (USA) 888-286-8010 and (International) 617-801-6888; access code 71779862.


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makesumgravy makesumgravy 15 years ago
Richardson Electronics and RADIALL Offer “Service +”

12/10/08


Richardson Electronics, Ltd. (NASDAQ: RELL), today announces that it has entered into an agreement with RADIALL (a global manufacturer of interconnect components) to promote and distribute “Service +”, an innovative and automated program for ordering, manufacturing and delivering RF cable assemblies.

“RADIALL’s Service + provides Richardson the opportunity to better serve our customers who need customized RF cable assemblies,” says Kevin McCormack, Vice President of RF Interconnect and Passive Products for Richardson’s RF, Wireless & Power Division. “In today’s market, we need to rapidly and accurately respond to customer inquiries and Service + gives Richardson the extra capabilities needed to out-perform customer expectations.” RADIALL’s Service + program includes: A quick-turn cable assembly operation with dedicated resources.

Easy access to a broad range of standard connectors and cables.

Same day quotation and associated Technical Data Sheet.

Delivery in as fast as 1 week.

Standard electrical performance guaranteed in each cable assembly.

Full quality control in an ISO 9001 facility.

“Richardson Electronics is a valued worldwide distribution partner for our interconnect components,” says Guy Clairet, the Vice President of Sales for RADIALL, North America. “Working alongside Richardson’s industry-leading service, support, and delivery capabilities, Service + becomes a truly outstanding and unique tool in the microwave industry.” Richardson Electronics has been distributing RADIALL’s cable assembly products for over 10 years. To view and purchase the complete RADIALL product line on Richardson’s website please visit www.rell.com/radiall.

About RADIALL (NYSE Euronext : RLL) RADIALL designs, develops and manufactures electronic components intended for applications in wireless communication, automobile telematics and military and aeronautical equipment. Presentation of the company: www.radiall.com Code ISIN: FR0000050320 - Eurolist B About the RF, Wireless & Power Division (RFPD) of Richardson Electronics, Ltd.

RFPD, a division of Richardson Electronics, LTD. (NASDAQ: RELL), is a global provider of engineered solutions and a global distributor of electronic components to the RF and wireless communications market and the industrial power conversion market. RFPD designs, manufactures and distributes discrete devices, components, and assemblies used in RF and wireless infrastructure communications networks, digital broadcasting, defense, and power conversion.

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makesumgravy makesumgravy 15 years ago
Richardson Electronics’ Display Systems Group Unveils New Brand Identity — Canvys




Richardson Electronics, Ltd. (NASDAQ: RELL) formally announced today a new brand identity for its Display Systems Group. Canvys – Visual Technology Solutions signifies the company’s evolution to a market-driven solutions focus.

As a global leader in the consultation, design, implementation and support of visual technologies, Canvys also combines decades of engineering and manufacturing expertise. Composed of three longtime industry leaders—Pixelink, A.C.T. Kern and Image Systems—Canvys is committed to finding the right solution for every customer’s visual technology needs.

“Our various display companies have long successful histories and are well-known and respected globally for the unique value-added capabilities each has to offer,” explained Doug Albregts, Vice President and General Manager of Canvys. “By bringing them together under one name, with one identity strengthens our position in the marketplace for delivering truly comprehensive visual technology solutions.” “The name Canvys was created because we approach every new project as a blank canvas—a unique situation with its own distinct business challenges,” continued Albregts. “Our business model expands beyond distribution, as we have successfully migrated to represent much more than simple pre-packaged solutions.” Canvys will continue to leverage its strong relationships with leading component and finished-goods manufacturers worldwide. These hardware and software partnerships allow Canvys to maintain a “vendor-agnostic” approach, which enables the utilization of virtually any product or technology to craft the best solution for each customer’s requirements.

As part of developing the right solution, Canvys provides a variety of services including 24/7 support, on-site solution audits, product demonstrations, installations, and QC/QA testing to ensure that every system is installed properly and delivers consistent and superior performance.

“Canvys is committed to understanding our customer’s visual technology needs and delivering solutions that exceed their expectations,” noted Todd Fender, Director of Global Product Marketing for Canvys. “What makes Canvys different than other display companies is our collaborative, customer-focused approach, the broad range of services we offer and our global reach.” Canvys is supported by a network of strategically located sales offices and stocking locations in North America, Europe, Asia/Australia and Latin America, as well as Technology Innovation Centers in North America and Europe.

Discover the Canvys Advantage at www.canvys.com.

About Canvys, a Division of Richardson Electronics, Ltd. (NASDAQ: RELL) Canvys, a global value-added integrator and manufacturer, specializes in creating comprehensive visual technology solutions for healthcare, Original Equipment Manufacturers (OEMs) and digital signage applications. Our collaborative approach allows us to evaluate each customer’s unique needs and craft the right solution—whether custom-engineered, value-added outsourced, or modified off-the-shelf. In addition, we provide complete post-sale service and support, including installation, maintenance, troubleshooting, calibration and conformance. For more information, visit us at www.canvys.com.

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makesumgravy makesumgravy 16 years ago
Richardson Declares Cash Dividend for its Fourth Quarter
Date : 07/28/2008 @ 12:45PM
Source : Business Wire
Stock : Richardson Electronics, Ltd. (RELL)
Quote : 6.56 0.15 (2.34%) @ 11:53AM


Richardson Declares Cash Dividend for its Fourth Quarter




Richardson Electronics, Ltd. (NASDAQ:RELL) announced that on July 22, 2008, its Board of Directors voted to declare a $0.02 cash dividend per share to all holders of common stock and a $0.018 cash dividend per share to all holders of Class B common stock. The dividend will be payable on August 8, 2008, to all common stockholders of record on July 28, 2008. The Company currently has 14,864,561 outstanding shares of common stock and 3,048,258 outstanding shares of Class B common stock.

About Richardson Electronics Richardson Electronics, Ltd. is a global provider of “Engineered Solutions,” serving the RF, Wireless & Power Conversion; Electron Device; and Display Systems markets. The Company delivers engineered solutions for its customers’ needs through product manufacturing, systems integration, prototype design and manufacture, testing and logistics. Press announcements and other information about Richardson are available at www.rell.com.

Richardson Electronics common stock trades on the NASDAQ Global Market under the ticker symbol RELL.

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makesumgravy makesumgravy 16 years ago
Richardson Electronics and Laird Technologies Expand Global Distribution Relationship
Date : 06/19/2008 @ 7:01AM
Source : Business Wire
Stock : Richardson Electronics, Ltd. (RELL)
Quote : 5.85 -0.02 (-0.34%) @ 11:21AM
<< Back Quote Chart Financials Trades


Richardson Electronics and Laird Technologies Expand Global Distribution Relationship




Richardson Electronics, Ltd. (NASDAQ:RELL) announced today it has expanded its global distribution agreement with Laird Technologies, Inc., a global leader in the design and supply of critical components and systems for advanced electronics and wireless products.

As announced at the IEEE MTT-S International Microwave Symposium 2008 in Atlanta on Wednesday afternoon, Richardson Electronics will expand its distribution of Laird’s wireless, microwave, and RF antenna products for all sectors of the electronics industry worldwide, including telecommunications, data transfer and information technology, automotive, aerospace, defense, consumer, medical, and industrial markets.

As a leading distributor of RF and Microwave components, Richardson Electronics is known for its technical expertise, value-added customer service, and technical sales force that works side-by-side with customers for design-wins.

“We are excited by the expansion of Richardson’s role in our sales channel network to include additional products sold on a global basis,” said Andy Coyle, Laird Technologies Global Director of Channel Sales. “We anticipate significant sales growth due to their established global presence, long-standing industry relationships, and technical expertise.” Coyle went on to add, “Richardson’s global network of more than 40 offices and three regional stocking facilities in Asia, Europe, and the Americas complements Laird Technologies’ established channel with little overlap in sales coverage.” Kevin McCormack, Vice President of Richardson Electronics’ RF Interconnect & Passive Components Group, said of the agreement, “The global franchise expansion with Laird Technologies will further enhance our engineered solutions for design and development of high performance antenna solutions, as well as other passive RF products for RFID, WLAN Broadband Wireless Access and In–Building Cellular applications.” More information about Laird Technologies products available from Richardson Electronics can be found online at http://www.rell.com/laird.

About Laird Technologies, Inc.

Laird Technologies designs and supplies customized, performance-critical products for wireless and other advanced electronics applications. The company is a global market leader in the design and supply of electromagnetic interference (EMI) shielding, thermal management products, mechanical actuation systems, signal integrity components, and wireless antennae solutions, as well as radio frequency (RF) modules and systems. Custom products are supplied to all sectors of the electronics industry including the handset, telecommunications, data transfer and information technology, automotive, aerospace, defense, consumer, medical, and industrial markets. Laird Technologies, a unit of Laird PLC, employs over 14,000 employees in more than 40 facilities located in 14 countries.

About Richardson Electronics, Ltd.

Richardson Electronics, Ltd. (NASDAQ:RELL) is a global provider of engineered solutions and electronic components to the RF and wireless communications, industrial power conversion, electron device, and display systems markets. Richardson designs, manufactures and distributes discrete devices, components, and assemblies used in RF and wireless infrastructure, networks, digital broadcasting, defense, and power conversion. More information is available online at http://www.rell.com.



<< Back
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makesumgravy makesumgravy 16 years ago
Richardson Electronics' Vice President and General Manager of DSG, Doug Albregts, to Present at the 2008 DisplaySearch Flat Pane




Richardson Electronics (NASDAQ:RELL) today announced that Doug Albregts, Vice President and General Manager of the Display Systems Group (DSG), will be a featured presenter at the DisplaySearch Digital Signage Conference on Wednesday, May 28, 2008 at the Hyatt Regency in Chicago.

He will be speaking during the mid-morning session: “Digital Signage at Work Today.” This session is devoted to presentations from the top integrators and operators of Digital Signage.

As a global leader in the consultation, design, implementation and support of digital signage networks and solutions, Richardson Electronics is a Silver Sponsor of the Conference’s Digital Signage Walking Tour and will also exhibit at the event.

About the Display Systems Group Richardson Electronics’ Display Systems Group (DSG) is a global provider of integrated display systems and products to the Financial, Industrial, Healthcare, and Public Information markets. DSG operates Technology Integration Centers in North America and Europe, which allow customers to add a wide range of customized features to liquid crystal display (LCD), plasma, and cathode ray tube (CRT) monitors. The company offers post-sale support and extended warranty programs with its comprehensive TekLink® support services.


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makesumgravy makesumgravy 16 years ago
Image Systems 2MP & 3MP High Bright Color LCDs Enhance Workflow for Applications Requiring Both Grayscale and Color
Thursday May 15, 3:14 pm ET
Richardson Electronics adds to its multi-modality display portfolio


LAFOX, Ill.--(BUSINESS WIRE)--Richardson Electronics (NASDAQ: RELL - News) today announced the release of the Image Systems high bright color LCD series for medical imaging. The FP2202CHBP (2MP) and FP2080CHBP (3MP) offer exceptionally high brightness and contrast ratios, making them ideal for diagnostic imaging and clinical applications requiring a fusion of grayscale and color imaging, such as PET, 3D, Cardiology and Nuclear Medicine.
ADVERTISEMENT


Both displays emit a peak brightness of 600 cd/m2, which equates to a sustainable calibrated brightness of 450 - 500 cd/m2. The 21.3" FP2202CHBP provides a contrast ratio of 500:1 and 1200 x 1600 standard resolution. The 3MP FP2080CHBP offers a 20.8" screen with a 600:1 contrast ratio and standard resolution of 2048 x 1536.

“The Image Systems high bright color displays are an excellent complement to our existing line of diagnostic and clinical grayscale displays,” stated Chris Kane, Director of Marketing and Product Management for Richardson Electronics Healthcare.

“Backlight stabilization circuitry, an embedded front sensor and Image Systems’ exclusive CFS calibration software allow users to perform their own color point calibration and color-matching,” added Kane. “This helps healthcare facilities ensure they maintain AAPM TG18 and DICOM compliance throughout the useful life of their displays.”

As with all Image Systems’ displays, the high bright color LCDs include a 3-year warranty and free HotSwap Advance Product Replacement service. More information about the FP2080CHBP and FP2202CHBP series high bright color LCDs is available in the “Featured Products” section at www.healthcare.rell.com.

About Image Systems

Since its founding in 1988, and acquisition by Richardson Electronics in 2005, the Image Systems brand of products has evolved to provide a complete line of medical imaging display solutions for the healthcare IT market, including monochrome and color LCDs, video graphics cards, calibration hardware and software, touch panels, custom LCD and CRT displays, mounting solutions and accessories. Image Systems products are exclusively distributed by Richardson Electronics. Information about Image Systems products is available online at www.healthcare.rell.com.

About Richardson Electronics


The Display Systems Group’s Healthcare Division of Richardson Electronics (NASDAQ: RELL - News) delivers sophisticated imaging platforms and display systems to hundreds of healthcare facilities, medical OEMs and physicians. Richardson Electronics’ display solutions meet the most critical agency certifications, technical requirements and user needs for PACS, Modality Specific Imaging, Bedside Patient Monitoring, Electronic Medical Records and General Purpose Data Display. The Healthcare Division also offers unique combinations of displays from the top manufacturers, the latest integration technologies and IT products, and a comprehensive knowledge in medical imaging requirements for diagnostic and clinical review, 3-D and post processing, surgical suites and modality specific imaging. To learn more, please visit our website at www.healthcare.rell.com.



Contact:
Richardson Electronics
Chris Kane
Director of Marketing and Product Management—Healthcare
Phone : 630-208-2318
E-mail: chrisk@rell.com

--------------------------------------------------------------------------------
Source: Richardson Electronics


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kittycattttt kittycattttt 16 years ago
Nice
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makesumgravy makesumgravy 16 years ago
Wed, Apr 09, 2008 6:28 PM

Richardson Electronics Reports Third Quarter Fiscal 2008 Results and Declares Cash Dividend
Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions, today reported its results for the third quarter ended March 1, 2008. Net sales for the third quarter of fiscal 2008 were $138.9 million, up 3.7% from $133.9 million during the third quarter of fiscal 2007. Gross profit, which includes a significant inventory write-down primarily due to changes in business focus within the Display Systems Group, declined to $31.2 million during the third quarter of fiscal 2008 compared with $32.1 million during the third quarter of fiscal 2007. Net loss was $2.2 million during the third quarter of fiscal 2008, or $0.12 per diluted common share, as compared to net income of $1.0 million, or $0.06 per diluted common share, in the third quarter of fiscal 2007.

“Our sales growth during the quarter represents growth in all three of our core businesses,” said Edward J. Richardson, Chairman, Chief Executive Officer and President of Richardson Electronics, Ltd. “Excluding several significant items, on a non-GAAP basis, gross margin as a percentage of net sales improved by 0.5% while operating income during the third quarter improved to $3.5 million, compared to $1.4 million during the third quarter of fiscal 2007.”

“We have made significant changes to reduce the fixed costs within the Display Systems Group during the third quarter. There were more than 30 positions eliminated in the Display Systems Group that we expect will result in annual cost savings of over $3 million. In addition, we are aggressively addressing our challenges and taking advantage of other opportunities to improve the overall financial condition of our company. We are undertaking a realignment of our support structure that we believe will reduce our cost base and help us create a stronger company positioned to deliver sustainable, long-term growth and value for our shareholders,” added Mr. Richardson.

FINANCIAL HIGHLIGHTS ─ THREE MONTHS ENDED MARCH 1, 2008

Cash flows used in operating activities were $0.4 million during the third quarter of fiscal 2008 while cash flows used in operating activities were $5.6 million during the third quarter of fiscal 2007.
Net sales for the RF, Wireless & Power Division, the Electron Device Group, and the Display Systems Group increased 4.7%, 1.8%, and 0.1%, respectively, during the third quarter of fiscal 2008 compared to the third quarter of fiscal 2007.
Gross margin percentage for the RF, Wireless & Power Division, the Electron Device Group, and the Display Systems Group decreased by 0.6%, 0.4%, and 10.1%, respectively, during the third quarter of fiscal 2008 compared to the third quarter of fiscal 2007.
Operating loss during the third quarter of fiscal 2008 was $0.7 million compared to operating income of $3.8 million generated during the third quarter of fiscal 2007.
Net loss during the third quarter of fiscal 2008 was $2.2 million compared to net income of $1.0 million generated during the third quarter of fiscal 2007.
FINANCIAL HIGHLIGHTS ─ NINE MONTHS ENDED MARCH 1, 2008

Cash flows provided by operating activities were $8.3 million during the first nine months of fiscal 2008 while cash flows used in operating activities were $8.8 million during the first nine months of fiscal 2007.
Net sales for the RF, Wireless & Power Division and the Electron Device Group increased 1.0% and 3.0%, respectively, during the first nine months of fiscal 2008 compared to the first nine months of fiscal 2007. Net sales for the Display Systems Group decreased 4.7% during the first nine months of fiscal 2008 compared to the first nine months of fiscal 2007.
Gross margin percentage for the RF, Wireless & Power Division, the Electron Device Group, and the Display Systems Group decreased by 0.2%, 0.3%, and 4.3%, respectively, during the first nine months of fiscal 2008 compared to the first nine months of fiscal 2007.
Operating income generated during the first nine months of fiscal 2008 was $4.4 million compared to operating income of $9.9 million generated during the first nine months of fiscal 2007.
Net loss during the first nine months of fiscal 2008 was $3.2 million compared to net income of $1.0 million generated during the first nine months of fiscal 2007.
IMPROVED WORKING CAPITAL MANAGEMENT AND CASH FLOWS

Cash and cash equivalents were $30.5 million at March 1, 2008, as compared to $17.4 million at June 2, 2007. The increase in overall cash and cash equivalents during the first nine months of fiscal 2008 reflects $9.6 million of cash provided from improved working capital management. This is a $25.9 million improvement compared to cash used by working capital of $16.3 million during the first nine months of fiscal 2007.

Total debt less cash as of March 1, 2008, was $35.1 million, compared to $42.1 million as of June 2, 2007.

“Our improved cash flow reflects the progress we are making in re-negotiating better terms with our suppliers, accelerating cash collections, and increasing our focus on inventory management,” said Kathleen S. Dvorak, Executive Vice President and Chief Financial Officer.

NON-GAAP FINANCIAL INFORMATION


Richardson Electronics, Ltd.
Unaudited Gross Profit, SG&A Expense, and Operating Income / (Loss) Reconciliations
(In millions)

Three Months Ended Three Months Ended
March 1, 2008 March 3, 2007
Percent Percent
Amount of Net Sales Amount of Net Sales

GAAP Gross Profit, as reported $ 31.2 22.5 % $ 32.1 24.0 %
Adjustments:
Inventory write-downs 2.8 2.0 % - -
Adjusted Gross Profit $ 34.0 24.5 % $ 32.1 24.0 %


GAAP SG&A Expense, as reported $ 32.0 23.1 % $ 30.7 23.0 %
Adjustments:
Severance expense 1.5 1.1 % - -
Adjusted SG&A Expense $ 30.5 22.0 % $ 30.7 23.0 %


GAAP Operating Income/(Loss), as reported $ (0.7 ) (0.5 %) $ 3.8 2.8 %
Adjustments:
Inventory write-downs 2.8 2.0 % - -
Severance expense 1.5 1.1 % - -
Less gain on disposal of assets 0.1 - 2.4 1.8 %
Adjusted Operating Income $ 3.5 2.5 % $ 1.4 1.0 %

In addition to disclosing results that are determined in accordance with Generally Accepted Accounting Principles (“GAAP”), the company provides certain non-GAAP financial information relating to charges that the company believes impacts the comparability of its results of operations.

The company believes that such non-GAAP financial information is useful to investors to assist in assessing and understanding the company’s operating performance and underlying trends in the company’s business because management considers these charges and credits to be outside the company’s core operating results.

OUTLOOK

“While the outlook for the economy remains uncertain, we continue to make progress on several key initiatives and expect to improve our financial performance over the next several quarters. Our disciplined focus on reducing our fixed costs and improving working capital efficiency should help us continue to improve our overall cash flows,” said Ms. Dvorak.

“We look forward to delivering improved operating performance, continued sales growth, and creating value for our shareholders,” added Mr. Richardson.

CASH DIVIDEND

The Company today also announced that its Board of Directors voted to declare a $0.02 cash dividend per share to all holders of common stock and a $0.018 cash dividend per share to all holders of Class B common stock. The dividend will be payable on May 23, 2008, to all common stockholders of record on May 9, 2008. The Company currently has 14,816,914 outstanding shares of common stock and 3,048,258 outstanding shares of Class B common stock.

CONFERENCE CALL INFORMATION

On Thursday, April 10, 2008, at 9:00 a.m. CT, Edward J. Richardson; Chairman and Chief Executive Officer, and Kathleen S. Dvorak; Chief Financial Officer, will host a conference call to discuss the Company’s third quarter results. A question and answer session will be included as part of the call's agenda. To listen to the call, please dial 888-481-7939 and enter passcode 17692794 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 11:00 a.m. CT on April 10, 2008, for seven days. The telephone numbers for the replay are (USA) 888-286-8010 and (International) 617-801-6888; access code 68949466.

FORWARD-LOOKING STATEMENTS

This release includes certain “forward-looking” statements as defined by the Securities and Exchange Commission. Statements in this press release regarding the Company’s business which are not historical facts represent “forward-looking” statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K for the most recently ended fiscal year. The Company assumes no responsibility to update the forward-looking statements in this release as a result of new information, future events, or otherwise.

ABOUT RICHARDSON ELECTRONICS, LTD.

Richardson Electronics, Ltd. is a global provider of “Engineered Solutions,” serving the RF, Wireless & Power Conversion; Electron Device; and Display Systems markets. The Company delivers engineered solutions for its customers’ needs through product manufacturing, systems integration, prototype design and manufacture, testing and logistics. Press announcements and other information about Richardson are available at www.rell.com.

Richardson Electronics, Ltd.’s common stock trades on the NASDAQ Global Market under the ticker symbol RELL.


Richardson Electronics, Ltd.
Unaudited Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)

Three Months Ended Nine Months Ended
March 1, March 3, March 1, March 3,
Statements of Operations 2008 2007 2008 2007

Net sales $ 138,866 $ 133,894 $ 413,316 $ 411,045
Cost of sales 107,625 101,780 315,637 311,545
Gross profit 31,241 32,114 97,679 99,500
Selling, general, and administrative expenses 32,029 30,739 93,312 91,747
Gain on disposal of assets (81 ) (2,418 ) (70 ) (2,098 )
Operating income (loss) (707 ) 3,793 4,437 9,851

Other (income) expense:
Interest expense 1,371 1,169 5,615 4,211
Investment (income) loss 45 (71 ) (571 ) (885 )
Foreign exchange (gain) loss (249 ) 127 1,552 281
Retirement of long-term debt expenses - - - 2,540
Other, net 25 (11 ) 33 2
Total other expense 1,192 1,214 6,629 6,149
Income (loss) from continuing operations before income taxes (1,899 ) 2,579 (2,192 ) 3,702
Income tax provision 267 1,055 1,045 1,656
Income (loss) from continuing operations (2,166 ) 1,524 (3,237 ) 2,046
Income (loss) from discontinued operations, net of tax (10 ) (487 ) 45 (1,026 )
Net income (loss) $ (2,176 ) $ 1,037 $ (3,192 ) $ 1,020

Net income (loss) per common share – basic:
Income (loss) from continuing operations $ (0.12 ) $ 0.09 $ (0.18 ) $ 0.12
Income (loss) from discontinued operations (0.00 ) (0.03 ) 0.00 (0.06 )
Net income (loss) per common share – basic $ (0.12 ) $ 0.06 $ (0.18 ) $ 0.06

Net income (loss) per common share – diluted:
Income (loss) from continuing operations $ (0.12 ) $ 0.09 $ (0.18 ) $ 0.12
Income (loss) from discontinued operations (0.00 ) (0.03 ) 0.00 (0.06 )
Net income (loss) per common share – diluted $ (0.12 ) $ 0.06 $ (0.18 ) $ 0.06

Weighted average number of shares:
Common shares – basic 14,805 14,559 14,790 14,493
Class B common shares - basic 3,048 3,048 3,048 3,048
Common shares – diluted (1) 14,805 17,732 14,790 17,638
Class B common shares - diluted 3,048 3,048 3,048 3,048

Dividends per common share $ 0.020 $ 0.040 $ 0.100 $ 0.120
Dividends per Class B common share $ 0.018 $ 0.036 $ 0.090 $ 0.108

(1) Total common stock equivalents and Class B common stock for the three and nine months ended March 1, 2008, are excluded from the diluted earnings per share calculation because their impact would be anti-dilutive.




Richardson Electronics, Ltd.
Unaudited Condensed Consolidated Balance Sheets
(in thousands, except per share amounts)

March 1, June 2,
2008 2007
Assets
Current assets:
Cash and cash equivalents $ 30,542 $ 17,436
Restricted cash - 61,899
Receivables, less allowance of $1,602 and $1,574 104,463 105,709
Inventories 107,433 110,174
Prepaid expenses 4,663 5,129
Deferred income taxes 2,475 2,131
Current assets of discontinued operations held for sale - 242
Total current assets 249,576 302,720

Non-current assets:
Property, plant and equipment, net 29,902 29,278
Goodwill 12,729 11,611
Other intangible assets, net 817 1,581
Non-current deferred income taxes 1,066 389
Assets held for sale - 1,429
Other assets 1,597 2,058
Non-current assets of discontinued operations held for sale - 5
Total non-current assets 46,111 46,351
Total assets $ 295,687 $ 349,071

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable $ 57,974 $ 55,530
Accrued liabilities 19,173 31,330
Current portion of long-term debt - 65,711
Current liabilities of discontinued operations held for sale - 2,737
Total current liabilities 77,147 155,308

Non-current liabilities:
Long-term debt, less current portion 65,683 55,683
Long-term income tax liabilities 6,848 -
Non-current liabilities 1,479 1,535
Total non-current liabilities 74,010 57,218
Total liabilities 151,157 212,526

Commitments and contingencies - -

Stockholders’ equity
Common stock, $0.05 par value; issued 15,929 shares at
March 1, 2008 and 15,920 shares at June 2, 2007 797 796
Class B common stock, convertible, $0.05 par value; issued 3,048
at March 1, 2008 and 3,048 shares at June 2, 2007 152 152
Preferred stock, $1.00 par value, no shares issued - -
Additional paid-in-capital 119,626 118,880
Common stock in treasury, at cost, 1,112 shares at March 1, 2008
and 1,179 shares at June 2, 2007 (6,592 ) (6,989 )
Retained earnings 16,683 21,631
Accumulated other comprehensive income 13,864 2,075
Total stockholders’ equity 144,530 136,545
Total liabilities and stockholders’ equity $ 295,687 $ 349,071

Richardson Electronics, Ltd.
Unaudited Condensed Consolidated Statements of Cash Flows
(in thousands)

Three Months Ended Nine Months Ended
March 1, March 3, March 1, March 3,
2008 2007 2008 2007
Operating activities:
Net income (loss) $ (2,176 ) $ 1,037 $ (3,192 ) $ 1,020
Adjustments to reconcile net income (loss) to cash provided by
(used in) operating activities:
Depreciation and amortization 1,367 1,538 3,940 4,655
Gain on disposal of assets (81 ) (2,418 ) (70 ) (2,098 )
Retirement of long-term debt expenses - - - 2,540
Write-off of deferred financing costs - - 643 62
Stock compensation expense 176 198 523 774
Deferred income taxes 49 646 (930 ) 417
Receivables 2,401 1,708 7,801 5,016
Inventories 10,115 (6,966 ) 8,686 (14,797 )
Accounts payable and accrued liabilities (11,755 ) (1,978 ) (6,909 ) (6,517 )
Other liabilities 47 492 (130 ) 606
Other (548 ) 116 (2,104 ) (467 )
Net cash provided by (used in) operating activities (405 ) (5,627 ) 8,258 (8,789 )

Investing activities:
Capital expenditures (301 ) (1,991 ) (4,193 ) (4,716 )
Proceeds from sale of assets 620 3,066 1,007 3,109
Contingent purchase price consideration (160 ) - (160 ) -
(Gain) loss on sale of investments 121 (10 ) 129 (670 )
Proceeds from sales of available-for-sale securities 188 - 345 3,682
Purchases of available-for-sale securities (31 ) - (188 ) (182 )
Net cash provided by (used in) investing activities 437 1,065 (3,060 ) 1,223

Financing activities:
Proceeds from borrowings 51,800 64,600 163,200 202,011
Payments on debt (41,800 ) (51,840 ) (218,840 ) (181,650 )
Restricted cash - - 61,899 -
Proceeds from issuance of common stock - 35 69 755
Cash dividends (351 ) (692 ) (1,756 ) (2,071 )
Payments on retirement of long-term debt - (8,700 ) - (15,915 )
Other - (16 ) (95 ) (674 )
Net cash provided by financing activities 9,649 3,387 4,477 2,456
Effect of exchange rate changes on cash and cash equivalents 661 (72 ) 3,431 463
Increase (decrease) in cash and cash equivalents 10,342 (1,247 ) 13,106 (4,647 )
Cash and cash equivalents at beginning of period 20,200 13,610 17,436 17,010
Cash and cash equivalents at end of period $ 30,542 $ 12,363 $ 30,542 $ 12,363

Richardson Electronics, Ltd.
Unaudited Net Sales and Gross Profit
For the Third Quarter and First Nine Months of Fiscal 2008 and 2007
(In thousands)

By Business Unit:
Net Sales Gross Profit (1)
% GP% of
GP% of

Third Quarter FY 2008 FY 2007 Change FY 2008 Sales FY 2007 Sales
RF, Wireless & Power Division $ 93,415 $ 89,241 4.7 % $ 20,990 22.5 % $ 20,576 23.1 %
Electron Device Group 24,812 24,384 1.8 % 7,954 32.1 % 7,922 32.5 %
Display Systems Group 19,609 19,592 0.1 % 2,737 14.0 % 4,713 24.1 %
Corporate 1,030 677 (440 ) (1,097 )
Total $ 138,866 $ 133,894 3.7 % $ 31,241 22.5 % $ 32,114 24.0 %

% GP% of GP% of
Nine Months FY 2008 FY 2007 Change FY 2008 Sales FY 2007 Sales
RF, Wireless & Power Division $ 273,207 $ 270,567 1.0 % $ 62,457 22.9 % $ 62,431 23.1 %
Electron Device Group 76,774 74,552 3.0 % 24,471 31.9 % 23,972 32.2 %
Display Systems Group 59,871 62,801 (4.7 %) 11,634 19.4 % 14,870 23.7 %
Corporate 3,464 3,125 (883 ) (1,773 )
Total $ 413,316 $ 411,045 0.6 % $ 97,679 23.6 % $ 99,500 24.2 %

Note: Corporate consists of freight and other non-specific net sales.


(1) Included in Gross Profit for the third quarter and first nine months of fiscal 2008 are inventory write-downs of $0.9 million in the RF, Wireless & Power Division and $1.9 million in the Display Systems Group.





Richardson Electronics, Ltd.
Edward J. Richardson
Chairman and CEO
Phone: (630) 208-2340
E-mail: info@rell.com
or
Kathleen S. Dvorak
EVP & CFO
(630) 208-2208





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makesumgravy makesumgravy 16 years ago
Gotta love it this company has been in business for 61 years, hardly the same as in 1947 or shortly after WW11, we have gone thru some changes.....:))) What a testament!!
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makesumgravy makesumgravy 16 years ago
Press Release Source: Richardson Electronics, Ltd.


Richardson Announces Date of Third Quarter Fiscal 2008 Conference Call
Wednesday April 2, 7:00 pm ET


LAFOX, Ill.--(BUSINESS WIRE)--Richardson Electronics, Ltd. (NASDAQ: RELL - News) plans to release its financial results for the third quarter ended March 1, 2008, after the close of business on Wednesday, April 9, 2008. The release will be distributed by Business Wire and will be available on the Company's website at www.rell.com.
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On Thursday, April 10, 2008, at 9:00 a.m. CT, Edward J. Richardson; Chairman and Chief Executive Officer, and Kathleen S. Dvorak; Chief Financial Officer, will host a conference call to discuss the Company’s third quarter financial results. A question and answer session will be included as part of the call's agenda. To listen to the call, please dial 888-481-7939 and enter passcode 17692794 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 11:00 a.m. on April 10, 2008, for seven days. The telephone numbers for the replay are (USA) 888-286-8010 and (International) 617-801-6888; access code 68949466.

About Richardson Electronics

Richardson Electronics, Ltd. is a global provider of “Engineered Solutions,” serving the RF, Wireless & Power Conversion; Electron Device; and Display Systems markets. The Company delivers engineered solutions for its customers’ needs through product manufacturing, systems integration, prototype design and manufacture, testing and logistics. Press announcements and other information about Richardson are available at www.rell.com.

Richardson Electronics, Ltd. trades on the NASDAQ Global Market under the symbol RELL.



Contact:
Richardson Electronics, Ltd.
Edward J. Richardson
Chairman and CEO
Phone: (630) 208-2340
E-mail: info@rell.com
or
Kathleen S. Dvorak
EVP & CFO
(630) 208-2208

--------------------------------------------------------------------------------
Source: Richardson Electronics, Ltd.


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