LAFOX, Ill., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Governor JB Pritzker, the Illinois Department of Commerce and Economic Opportunity (DCEO), and Richardson Electronics, Ltd. (NASDAQ:RELL),– a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes and more – today announced the Company will expand its operations at its manufacturing headquarters in La Fox, Illinois. Richardson Electronics plans to make a capital investment of more than $8.5 million over the ne ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to Commission File Number: 0-12906 (Exact name of registrant as specified in its charter) Delaware 36-2096643 (State or other jurisdiction of incorporation or organization ...

Core Insights - Richardson Electronics, Ltd. (RELL) has successfully transformed from a niche parts distributor to a company that designs and builds complex, high-reliability equipment for military systems, clean-energy projects, and large-scale applications [1] Company Overview - The company focuses on producing objective, data-driven research primarily about small- to mid-cap companies, which are often overlooked by many investors [1] - Occasionally, the company also analyzes large-cap names to provide a broader perspective on the equity markets [1]

Financial Data and Key Metrics Changes - In Q4 FY 2025, total sales increased to $51.9 million, up from $47.4 million in Q4 FY 2024, marking a 9.5% year-over-year growth [10][6] - Gross margin improved by 50 basis points to 31.6% compared to 31.1% in the same quarter last year [11][7] - Operating income for Q4 was $600,000, a turnaround from an operating loss of $100,000 in Q4 FY 2024 [13] - Net income for Q4 was $1.1 million, compared to a net loss of $100,000 in the prior year [13] - For FY 2025, net sales were $208.9 million, a 6.3% increase from $196.5 million in FY 2024 [14] Business Line Data and Key Metrics Changes - PMT sales grew by 17.8% year-over-year in Q4, driven by demand from semiconductor wafer fab customers [11] - GES sales increased by 14.1% in Q4, attributed to higher demand for wind turbine modules [11] - Canvas reported Q4 revenue of $9.5 million, up from $8.7 million in the same quarter last year [31] Market Data and Key Metrics Changes - The company faced elevated inflation and supply chain pressures, particularly in Europe and Asia, but managed to achieve growth across all business units [5][6] - GES backlog grew to $42.5 million in Q4, contributing to a combined backlog of over $99 million for GES and PMT [23] Company Strategy and Development Direction - The company is focused on expanding its green energy products and enhancing its manufacturing capabilities in the U.S. [41][40] - Strategic initiatives include faster design-to-production cycles and the establishment of a new design center in Texas [22] - The company aims to leverage technology partnerships to fill gaps and reduce tariff risks [24][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating a challenging global environment and highlighted the importance of maintaining operational agility [5][6] - The company anticipates continued growth in FY 2026, supported by a strong backlog and strategic initiatives [29][30] - Management acknowledged the potential impact of new tariffs but emphasized their ability to adapt and mitigate risks [27][24] Other Important Information - The company reported a strong cash position of $35.9 million at the end of FY 2025, providing flexibility for operations and growth opportunities [16] - The Board declared a quarterly cash dividend of $0.06 per common share, reflecting confidence in financial stability [18] Q&A Session Summary Question: Update on selling ultracapacitor products to GE turbines - The company is in discussions with GE regarding final testing and paperwork, which is currently pending [48][49] Question: Potential customer list after GE agreement - The agreement could increase the serviceable available market by approximately 35%, opening up significant opportunities [51] Question: Product wins in green energy solutions - The company highlighted market share gains and several key agreements, including those with RWE and TransAlta, contributing to growth [55][56] Question: Competitive advantages in PMT - The company noted that its main competitors include industrial distributors and highlighted its unique demand creation and design capabilities [62][68] Question: Strategic opportunities and acquisitions - The company is focusing on expanding green energy products and is open to future acquisition opportunities that align with its strategic goals [69]

Financial Performance - FY2025 net sales increased by 63% year-over-year to $2089 million, driven by higher sales in the company's three continuing business segments[58] - Non-GAAP net income for fiscal year 2025 was $32 million, compared to $05 million in fiscal year 2024[59] - The company's cash and cash equivalents stand at $359 million with no debt[61] Strategic Initiatives - Richardson Electronics sold most of its Healthcare assets to DirectMed Imaging in January 2025 for $82 million, retaining CT tube engineering and manufacturing under an exclusive supply agreement[15] - The company intends to use proceeds from the Healthcare asset sale to invest in growth initiatives, primarily within its GES reportable segment[15] - Total backlog at the end of Q4 FY2025 was $1342 million, up more than 125% since FY2019[70] Business Segments - Power & Microwave Technology (PMT) revenue for FY2025 was $1378 million[19] - Green Energy Solutions (GES) revenue for FY2025 was $287 million[19] - Canvys revenue for FY2025 was $331 million[19] Market Opportunities - The company sees a $454 million global Total Addressable Market (TAM) opportunity in wind turbine pitch energy modules[39] - The global market for battery deployments is projected to grow to $114 billion by 2032, reflecting a CAGR of 21% over 8 years[46]

Richardson Electronics (RELL) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +140.00%. A quarter ago, it was expected that this electronic components and communication products company would post earnings of $0.08 per share when it actually produced earnings of $0.11, delivering a su ...

EXHIBIT 99.1 Ended Q4 FY25 with positive operating cash flow for the 5th consecutive quarter Press Release For Immediate Release Edward J. Richardson Robert J. Ben PO BOX 393 For Details Contact: 40W267 Keslinger Road Chairman and CEO EVP & CFO LaFox, IL 60147-0393 USA Phone: (630) 208-2320 (630) 208-2203 (630) 208-2200 | Fax: (630) 208-2550 RICHARDSON ELECTRONICS REPORTS FOURTH QUARTER RESULTS; DECLARES QUARTERLY CASH DIVIDEND Q4 FY25 net sales increased YoY for the 4th consecutive quarter; non-GAAP operat ...

Q4 FY25 net sales increased YoY for the 4th consecutive quarter; non-GAAP operating income* at $0.8 million FY25 annual net sales grew 6.3% YoY, led by a 23.6% increase in Green Energy Solutions Ended Q4 FY25 with positive operating cash flow for the 5th consecutive quarter LAFOX, Ill., July 23, 2025 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its fourth quarter and fiscal year ended May 31, 2025. The Company also announced that its Board of Directo ...

LAFOX, Ill., July 16, 2025 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its fourth quarter ended May 31, 2025 after the close of business on Wednesday, July 23, 2025. The release will be distributed by GlobeNewswire and will be available on the Company’s website at www.rell.com. On Thursday, July 24, 2025, at 9:00 a.m. Central Time, Edward J. Richardson, Chairman and Chief Executive Officer, and Robert J. Ben, Chief Financial Officer, will host a ...

Core Insights - Richardson Electronics has entered a global technology partner agreement with Pakal Technologies to supply advanced 650V and 1200V silicon-based power switches, enhancing efficiency for customers worldwide [1][3] - Pakal Technologies has introduced the IGTO(t) - a new high-voltage silicon power semiconductor, which offers up to 30% lower conduction losses compared to modern IGBTs, making it suitable for various applications including electric vehicles and renewable energy systems [2][8] - The partnership aims to leverage Richardson Electronics' global reach and experience in launching high-performance power products to bring Pakal's innovative technology to market [3] Company Overview - Richardson Electronics, Ltd. is a global manufacturer specializing in engineered solutions, green energy products, and power conversion components, with over 50% of its products manufactured in the U.S. and Germany [4] - The company has a strong focus on providing specialized technical expertise and engineered solutions across various markets, including alternative energy, healthcare, and industrial sectors [4][6] - Pakal Technologies is a pioneering power semiconductor company based in San Francisco, known for its proprietary IGTO(t) architecture that supports next-generation electrification in multiple sectors [8]