Richardson Electronics, Ltd. (NASDAQ:RELL) Q3 2021 Earnings Conference Call April 8, 2021 10:00 AM ET Company Participants Edward Richardson - Chairman, Chief Executive Officer, Chief Operating Officer and President Robert Ben - Executive Vice President, Chief Financial Officer and Corporate Secretary Gregory Peloquin - Executive Vice President, Power & Microwave Technologies Wendy Diddell - Executive Vice President and Chief Operating Officer Jens Ruppert - Executive Vice President and General Manager, Can ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q 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 RICHARDSON ELECTRONICS, LTD. (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 27, 2021 (Exact name of registrant as specified in its charter) Delaware 36-2096643 (State or other ...

Richardson Electronics, Ltd. (NASDAQ:RELL) Q2 2021 Earnings Conference Call January 7, 2021 10:00 AM ET Company Participants Edward Richardson - CEO Robert Ben - CFO Greg Peloquin - General Manager, Power & Microwave Technologies Group Wendy Diddell - COO and General Manager, Richardson Healthcare Jens Ruppert - General Manager, Canvys Conference Call Participants Eric Landry - BML Capital William Wilson - Operator Ladies and gentlemen, thank you for standing by and welcome to the Richardson Electronics Ea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 28, 2020 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 RICHARDSON ELECTRONICS, LTD. (Exact name of registrant as specified in its charter) Delaware 36-2096643 (State or other ...

Richardson Electronics, Ltd. (NASDAQ:RELL) Q1 2021 Earnings Conference Call October 8, 2020 10:00 AM ET Company Participants Edward Richardson - Chairman, President and Chief Executive Officer Robert Ben - Executive Vice President and Chief Financial Officer Greg Peloquin - Executive Vice President, General Manager of Power & Microwave Technologies Group Wendy Diddell - Executive Vice President, Chief Operating Officer and General Manager for Richardson Healthcare Jens Ruppert - Executive Vice President and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 29, 2020 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 RICHARDSON ELECTRONICS, LTD. | Securities registered pursuant to Section 12(b) of the Act: | | | | --- | --- | --- | | Tit ...

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 30, 2020 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 ...

Richardson Electronics, Ltd. (NASDAQ:RELL) Q4 2020 Earnings Conference Call July 23, 2020 10:00 AM ET Company Participants Edward Richardson - Chairman, President, and CEO Robert Ben - EVP and CFO Greg Peloquin - EVP, General Manager of Power & Microwave Technologies Group Wendy Diddell - EVP and COO Jens Ruppert - EVP and General Manager, Canvys Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to the Richardson Electronics Fourth Quarter Fiscal Year 2020 Ear ...

Financial Data and Key Metrics Changes - The company reported an operating income of $11,000 for Q3 FY 2020, compared to an operating loss of $0.8 million in Q3 FY 2019 [9][15] - Total net sales for Q3 FY 2020 decreased by 2% to $38.2 million from $39.0 million in the prior year [10] - Gross margin improved to 33.1% in Q3 FY 2020 from 31.5% in Q3 FY 2019, attributed to a favorable product mix and improved manufacturing performance [13] - The company had a net loss of $0.1 million for Q3 FY 2020, an improvement from a net loss of $1.1 million in Q3 FY 2019 [17] Business Line Data and Key Metrics Changes - Canvys net sales increased by $0.3 million or 3.5% in Q3 FY 2020 [10] - PMT net sales decreased by $0.7 million or 2.5%, primarily due to economic softness in the power grid tube market and lower sales in China due to COVID-19 [11] - Richardson Healthcare net sales decreased by $0.2 million or 11.9%, with a significant decline in equipment sales in Latin America, partially offset by a 135% increase in sales of the ALTA750 CT Tube [12][35] Market Data and Key Metrics Changes - More than 20% of the company's business comes from Asia, which was significantly impacted by the Coronavirus during the quarter [5] - The company experienced a decline in sales in Latin America due to ongoing economic issues [36] Company Strategy and Development Direction - The company continues to focus on cash management and has significant cash on hand to weather the impact of COVID-19 [57] - The management believes in the solid healthcare strategy and plans to support RF and wireless technologies for critical infrastructure expansion [58] - The company is positioned to support the rollout of 5G capabilities post-COVID-19, leveraging its unique global go-to-market strategy [33] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the uncertainty surrounding the COVID-19 situation and is prepared to adapt to changing market conditions [68] - There is an expectation of pent-up demand for healthcare products once the pandemic is under control [41][89] - The management is optimistic about future growth opportunities in the RF and microwave markets despite current challenges [28][52] Other Important Information - The company paid $0.8 million in dividends in Q3 FY 2020 and declared a $0.06 per common share quarterly dividend for Q4 FY 2020 [24] - Cash and investments at the end of Q3 FY 2020 were $43.9 million, down from $49.4 million at the end of Q3 FY 2019 [22] Q&A Session Summary Question: Concerns about executive compensation and cash management - A shareholder expressed concerns about the CEO's salary and suggested a reduction to set an example during tough times, to which the CEO responded that executive incentives have been cut dramatically [61][63] Question: Future cash usage amid COVID-19 - The CEO indicated a wait-and-see approach regarding cash usage and emphasized the importance of cash flow neutrality in the near term [67][68] Question: Operating profit or loss for Canvys - The General Manager of Canvys confirmed that the segment is making an operating contribution and growing year-over-year [73] Question: Synergy between Canvys and other business lines - Management acknowledged the need for better integration and mentioned ongoing improvements to the Canvys website [74][76] Question: Inventory write-downs due to demand falling - The CEO stated that there are no anticipated major write-downs outside of potential impacts from COVID-19 [84] Question: Growth in CT tube sales - Management clarified that the growth in CT tube sales is due to proactive sales efforts and not directly related to COVID-19 [88]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2020 OR 40W267 Keslinger Road, P.O. Box 393 LaFox, Illinois 60147-0393 (Address of principal executive offices) Registrant's telephone number, including area code: (630) 208-2200 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transit ...