Barry Mendel's questions to RICHARDSON ELECTRONICS (RELL) leadership • Q3 2025
Question
Inquired about the status of projects with locomotive companies Progress Rail and Wabtec, the size of a recent large order, progress on an Australian project, and the potential magnitude of ongoing losses from the remaining healthcare business.
Answer
A large locomotive company placed a significant order ($1.3 million) that will begin shipping in FY '26. The Progress Rail project for a large electric vehicle is ongoing, with shipments expected to conclude in FY '26. The Australian project with Progress Rail has faced delays, with the first vehicle now anticipated to ship in the fall. The company declined to quantify future losses from the healthcare segment but stated its objective is to minimize them and complete the AltaTube commitments before the end of FY '26.