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Richardson Electronics (RELL)
NASDAQ:RELL
Earnings Data
Report Date
Apr 09, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.11Last Year’s EPS
0.05Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 07, 2025
|% Change Since: -25.56%
|Next Earnings Date:Apr 09, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong performance in Green Energy Solutions and overall sales growth, with improved cash flow and operating metrics. However, challenges remain in healthcare and Canvys segments, resulting in a net loss for the quarter.Company Guidance
During the second quarter of fiscal year 2025, Richardson Electronics reported significant progress in its multiyear growth strategy, with consolidated net sales increasing by 12.1% to $49.5 million, up from $44.1 million in the previous year. This growth was driven by a 129% increase in sales for the Green Energy Solutions business and a 9.9% increase in the Power & Microwave Technologies Group (PMT) sales, primarily due to higher sales to semiconductor wafer fab customers. However, this was partially offset by a 6.0% decrease in cannabis sales and a 22.8% decline in healthcare sales. The company's gross margin improved to 31% from 28.4%, with operating expenses as a percentage of net sales improving to 32.3% from 32.8%. The operating loss for the quarter was reduced to $0.7 million compared to $2.0 million in the prior year, while the net loss decreased to $0.8 million from $1.8 million. Additionally, EBITDA was approximately breakeven, compared to negative $1.2 million in the previous year. The company ended the quarter with cash and cash equivalents of $26.6 million, and free cash flow for the quarter was $4.9 million.Significant Growth in Green Energy Solutions
Green Energy Solutions sales grew by 129% to $5.9 million, with strong bookings and increased backlog by over 16% in Q2.
Overall Sales Increase
Consolidated net sales for the second quarter of fiscal 2025 increased by 12.1% to $49.5 million compared to $44.1 million in the prior year second quarter.
Improvement in Gross Margin
Consolidated gross margin for the second quarter was 31% of net sales compared to 28.4% during the second quarter of fiscal 2024.
Positive Operating Cash Flow
Operating cash flow was $5.5 million compared to $0.8 million in the prior year second quarter, marking the third consecutive quarter of positive operating cash flow.
Strong Backlog in PMT and GES
Combined GES and PMT backlog increased to over $101 million in Q2.
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RELL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RELL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 07, 2025 | $14.67 | $12.80 | -12.75% |
| Oct 09, 2024 | $12.80 | $12.47 | -2.58% |
| Jul 24, 2024 | $10.98 | $11.24 | +2.37% |
| Apr 10, 2024 | $9.17 | $10.55 | +15.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Richardson Electronics (RELL) report earnings?
Richardson Electronics (RELL) is schdueled to report earning on Apr 09, 2025, TBA Not Confirmed.
What is Richardson Electronics (RELL) earnings time?
Richardson Electronics (RELL) earnings time is at Apr 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RELL EPS forecast?
RELL EPS forecast for the fiscal quarter 2025 (Q3) is 0.11.
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