Richardson Electronics Reports Third Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend [Yahoo! Finance]
Richardson Electronics, Ltd. (RELL)
US:NASDAQ Investor Relations:
rell.com/investor-relations
Company Research
Source: Yahoo! Finance
LAFOX, Ill., April 10, 2024 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its third quarter ended March 2, 2024. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend. "The sequential increase in sales and profitability is encouraging, reflecting the benefits of our diversification strategies as well as our team's focus on enhancing profitability and strengthening our balance sheet. Sales growth at GES is even more impressive, considering last year's third quarter benefited from a large order to an EV rail customer. Overall, our net sales continue to reflect the cyclical nature of sales to semiconductor wafer fab customers that had an $11.5 million negative impact on sales during the quarter. As we navigate this period, the success of our GES business demonstrates the importance of our diversification strategies as well as our focus on providing more engineered solutions to ou
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RELL
News
- Richardson Electronics, Ltd. (NASDAQ: RELL) is now covered by analysts at Northland Securities. They set an "outperform" rating and a $13.00 price target on the stock.MarketBeat
- Calculating The Intrinsic Value Of Richardson Electronics, Ltd. (NASDAQ:RELL) [Yahoo! Finance]Yahoo! Finance
- Richardson Electronics (NASDAQ:RELL) Is Due To Pay A Dividend Of $0.06 [Yahoo! Finance]Yahoo! Finance
- Richardson Electronics Reports Third Quarter Fiscal 2024 Results and Declares Quarterly Cash DividendGlobeNewswire
- Investing in Richardson Electronics (NASDAQ:RELL) five years ago would have delivered you a 84% gain [Yahoo! Finance]Yahoo! Finance
RELL
Earnings
- 4/10/24 - Beat
RELL
Analyst Actions
- 4/29/24 - Northland Securities
RELL
Sec Filings
- 4/23/24 - Form 4
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- RELL's page on the SEC website