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Richardson Electronics (RELL) investor relations material

Richardson Electronics 17th Annual Southwest IDEAS Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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17th Annual Southwest IDEAS Conference summary19 Nov, 2025

Company overview and business structure

  • Nearly 80-year-old international company with 450 employees and 60+ global locations, focused on engineered solutions.

  • Three business units: Power & Microwave Technology (legacy and semiconductor), Green Energy Solutions (wind and EV rail), and Canvas (custom medical displays).

  • Vertically integrated operations with in-house design, manufacturing, and global logistics capabilities.

  • Fiscal year runs June 1 to May 31; currently finishing Q2 of FY 2026.

Strategic focus and growth initiatives

  • Major investment in green energy and energy storage solutions, targeting commercial/industrial markets rather than large tech firms.

  • Expanding wind turbine retrofit modules beyond GE to other manufacturers and international markets, including new orders from India.

  • Made in America campaign launched to attract manufacturing business and improve gross margin absorption.

  • Actively developing new products for EV rail and energy storage, with several programs expected to book by year-end and more in 2026.

Market opportunities and competitive positioning

  • Wind turbine retrofit market opportunity estimated at $500 million, with current market share still small and minimal competition.

  • Energy storage solutions market opportunity estimated at $25 billion, with initial installations and state rebates supporting growth.

  • Focus on engineered solutions with proprietary technology and patents, especially in wind modules (ULTRA3000).

  • Customer base includes major names in energy, rail, and medical sectors; strategy is to solve customer problems and scale solutions.

Healthcare business profitability post-FY26
Inventory as a future cash source
Made in America program revenue potential
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Frequently asked questions

Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare businesses in North America, the Asia Pacific, Europe, and Latin America. The company operates through four segments: Power and Microwave Technologies Group; Optronics Group; Custom Solutions Group; and Healthcare Technology Group. The Power and Microwave Technologies Group offers power electronics modules that convert mains voltages to regulated low voltage for further distribution within buildings. It also provides power conversion products consisting of inverters, drivers, and DC-to-DC converters; power management system components that offer microcontrollers with set features for PWM and analogue signal conditioning; motor control products sought for consumer applications such as washing machines, fans, and vacuum cleaners; electronic control systems used for industrial applications such as conveyors and rollers; telecommunications peripheral products for audio output amplifiers; high-current transformers for systems such as cathodic protection of pipelines; RF power amplifiers used in satellite communications systems such as uplink tracking is part of its operations. Richardson Electronics is based in LaFox, Illinois.

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