Richardson Electronics, Ltd. (RELL) Q1 2025 Earnings Call Transcript

Richardson Electronics, Ltd. (NASDAQ:RELL) Q1 2025 Earnings Name Transcript October 10, 2024 10:00 AM ET

Firm Members

Ed Richardson – CEO
Bob Ben – CFO
Greg Peloquin – GM, Energy & Microwave Applied sciences Group, Inexperienced Vitality Options
Wendy Diddell – COO & GM for Richardson Healthcare
Jens Ruppert – GM, Canvys

Convention Name Members

Bobby Brooks – Northland
Anja Soderstrom – Sidoti
Andrew Rem – Odinson Companions
Ross Taylor – ARS Funding Companions

Operator

Good day, and thanks for standing by. Welcome to the Richardson Electronics Earnings Convention Name for the First Quarter of Fiscal Yr 2025. Presently, all contributors are in a listen-only mode. After the speaker’s presentation, there can be a question-and-answer session. [Operator Instructions] Please be suggested that in the present day’s convention is being recorded. I might now like handy the convention over to your speaker in the present day, Ed Richardson, CEO. Please go forward.

Ed Richardson

Good morning and thanks all for becoming a member of Richardson Electronics convention name for the primary quarter of fiscal 2025. Becoming a member of me in the present day are Bob Ben, Chief Monetary Officer; Wendy Diddell, Chief Working Officer and Basic Supervisor for Richardson Healthcare; Greg Peloquin, Basic Supervisor of our Energy and Microwave Applied sciences Group, which incorporates Inexperienced Vitality Options; and Jens Ruppert, Basic Supervisor of Canvys.

As a reminder, this name is being recorded and can be out there for playback. I might additionally prefer to remind you that we’re making forward-looking statements. They’re based mostly on present expectations and contain dangers and uncertainties. Due to this fact, our precise outcomes could possibly be materially totally different. Please consult with our press launch and SEC filings for an evidence of our threat components.

I am happy to report that we had a stable begin to fiscal 12 months with web gross sales exceeding each our inner projections and exceeding our efficiency from the prior