Last $9.14 USD
Change Today -0.1101 / -1.19%
Volume 22.9K
RELL On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
OTC US
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

richardson elec ltd (RELL) Snapshot

Open
$9.18
Previous Close
$9.25
Day High
$9.19
Day Low
$9.06
52 Week High
03/24/14 - $11.40
52 Week Low
02/6/15 - $9.03
Market Cap
126.5M
Average Volume 10 Days
8.2K
EPS TTM
$-0.15
Shares Outstanding
11.7M
EX-Date
02/4/15
P/E TM
--
Dividend
$0.24
Dividend Yield
2.63%
Current Stock Chart for RICHARDSON ELEC LTD (RELL)

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richardson elec ltd (RELL) Details

Richardson Electronics, Ltd. provides engineered solutions, power grid microwave tubes and related components, and customized display solutions. The company’s Electron Device Group segment offers engineered solutions; and distributes electronic components, including electron tubes and related components, microwave generators, subsystems used in semiconductor manufacturing, and visual technology solutions. These products are used to control, switch, or amplify electrical power signals, as well as are used as display devices in various alternative energy, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. It also focuses on various applications, including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology. In addition, this segment offers technical services for microwave and industrial equipment. Its Canvys segment provides custom display solutions, such as touch screens, protective panels, custom enclosures, specialized cabinet finishes, and application specific software packages. It serves corporate enterprise, financial, healthcare, industrial, and medical original equipment manufacturer markets. This segment also offers picture archiving communication systems and patient monitoring displays under the Image Systems brand name; and specializes in creating solutions for diagnostic and clinical review, 3-D and post processing, surgical suites, and modality-specific applications. It provides design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical repair and services. The company operates in North America, the Asia Pacific, Europe, Latin America, and internationally. Richardson Electronics, Ltd. was founded in 1947 and is headquartered in LaFox, Illinois.

293 Employees
Last Reported Date: 07/25/14
Founded in 1947

richardson elec ltd (RELL) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $686.0K
Chief Financial Officer, Chief Strategy Offic...
Total Annual Compensation: $398.4K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $306.8K
Senior Vice President of Global Supply Chain
Total Annual Compensation: $198.0K
Chief Accounting Officer and Corporate Contro...
Total Annual Compensation: $209.9K
Compensation as of Fiscal Year 2014.

richardson elec ltd (RELL) Key Developments

Richardson Electronics, Ltd. Appoints BDO USA, LLP as Independent Registered Public Accounting Firm Replacing Ernst & Young, LLP

On January 22, 2015, Richardson Electronics Ltd. dismissed its independent registered public accounting firm, Ernst & Young, LLP. The Audit Committee of the company's board of directors made the decision to dismiss EY and engage BDO USA, LLP, as the company's independent registered public accounting firm for the fiscal year ending May 30, 2015.

Richardson Electronics, Ltd. Declares Quarterly Cash Dividend, Payable on February 20, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 29, 2014; Provides Sales Guidance for the Third Quarter of Fiscal 2015

Richardson Electronics Ltd. announced that its Board of Directors declared a $0.06 quarterly dividend per share to holders of common stock and a $0.054 cash dividend per share to holders of Class B common stock. The dividend will be payable on February 20, 2015, to common stockholders of record on February 6, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended November 29, 2014. Net sales for the second quarter of fiscal 2015 were $33.8 million, a 4.5% decrease compared to net sales of $35.4 million in the prior year. Operating loss for the second quarter of fiscal 2015 was $2.2 million, compared to operating income for the second quarter of fiscal 2014 of $0.5 million. Loss from continuing operations for the second quarter of fiscal 2015 was $1.1 million, compared to income from continuing operations of $0.6 million, or $0.04 per diluted common share during the second quarter of fiscal 2014. Net loss during the second quarter of fiscal 2015 was $1.1 million, compared to net income of $0.5 million, or $0.03 per diluted common share, during the second quarter of fiscal 2014. Loss from continuing operations before income taxes was $1,943,000 compared to income of $788,000 a year ago. Net cash used in operating activities was $2,008,000 compared to net cash provided by operating activities of $249,000 a year ago. Capital expenditures were $1,102,000 compared to $540,000 a year ago. Net sales for the first six months of fiscal 2015 were $68.5 million, a decrease of 1.7%, compared to net sales of $69.7 million during the first six months of fiscal 2014. Operating loss during the first six months of fiscal 2015 was $2.7 million, compared to operating income of $0.7 million, or 0.9% of net sales, during the first six months of fiscal 2014. Loss from continuing operations during the first six months of fiscal 2015 was $1.2 million, compared to income from continuing operations of $2.6 million, or $0.18 per diluted common share, during the first six months of fiscal 2014. Net loss during the first six months of fiscal 2015 was $1.1 million, compared to net income of $2.5 million, or $0.17 per diluted common share, during the first six months of fiscal 2014. Loss from continuing operations before income taxes was $2,161,000 compared to income of $3,215,000 a year ago. Net cash used in operating activities was $2,336,000 compared to $936,000 a year ago. Capital expenditures were $1,936,000 compared to $981,000 a year ago. The company provided sales guidance for the third quarter of fiscal 2015. Third quarter sales should again be in the range of $34 to $36 million.

Richardson Electronics Ltd. to Report Q2, 2015 Results on Jan 07, 2015

Richardson Electronics Ltd. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jan 07, 2015

 

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