Methode Electronics

Methode Electronics, Inc. engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface, Industrial, and Medical. The Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, construction, consumer, material handling, medical, military, mining, point-of-sale, and telecommunications markets. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars, and devices. The Medical segment refers to the medical device business. The company was founded by William Joseph McGinley in 1946 and is headquartered in Chicago, IL.

Earnings data Q4 2021

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MEI reports record sales in fiscal 2023, anticipates growth in EV market

MEI achieved record sales in fiscal 2023, particularly in the EV market, but faced challenges with declining profitability. The company's outlook for fiscal 2025 shows potential for significant organic growth, presenting opportunities for future expansion.

Methode Electronics faces operational challenges but secures significant EV programs

Methode Electronics faced operational challenges impacting earnings, leading to a decrease in full-year sales guidance. However, the company secured significant EV programs and remains confident in addressing operational issues. The decision to discontinue the Dabir business reflects a strategic move to address scalability and expense issues.

Methode Electronics reports resilient Q3 sales growth and strategic investments

Methode Electronics demonstrated resilience with sales growth despite challenges, driven by the Industrial segment and EV market focus.
Maintained financial strength with increased free cash flow, decreased debt, and revised revenue guidance upwards.
Facing challenges in data centers and commercial vehicles, but pursuing opportunities in EVs and LED lighting solutions.
Strategic investments and commitment to organic growth targets position the company for sustainable performance.
Client takeaway: Methode Electronics shows promise in navigating challenges and leveraging opportunities for future growth.

Methode Electronics reports record sales and strong EV focus

Methode Electronics delivered solid financial performance with a focus on EV programs and cash flow generation. Despite challenges from cost increases and debt due to acquisitions, the company is strategically positioned for growth with a strong sales outlook and opportunities in key markets.

Methode Electronics faces Q1 challenges, eyes EV growth opportunities

Methode Electronics faced operational challenges impacting earnings and revised full-year guidance downward. The company is strategically focusing on EV and sensors, discontinuing non-scalable businesses. Despite challenges, there are opportunities for growth in electric vehicle programs.

Methode Electronics navigates challenges, focuses on EV programs for growth

Methode Electronics faced sales challenges in Q2 due to various factors impacting earnings. Despite operational inefficiencies and debt increase, the company is focusing on EV programs and operational improvements for future growth and positive cash flow in fiscal '25.

Methode Electronics reports Q3 loss, focuses on restoring profitability

Methode Electronics faced a challenging quarter with declining sales, operational inefficiencies, and a net loss. The company is focused on restoring profitability through cost reduction and operational effectiveness. Avi Avula's leadership priorities aim to build a sustainable future for Methode based on its current foundation.

Methode Electronics reports Q4 loss, eyes EV growth and cost efficiency

Methode Electronics faced challenges in Q4 2024 with a sales decline and operational inefficiencies, leading to a net loss, but maintained a strong cash position and reduced net debt.
The company's focus on profitability improvement, cost reduction, and debt reduction for fiscal 2025, along with positive guidance for fiscal '26, signals a strategic turnaround effort.
Despite near-term hurdles, Methode Electronics is poised for growth with opportunities in the EV market, ongoing cost-saving initiatives, and a commitment to financial stability.

Methode Electronics reports Q1 loss, eyes growth through program launches

Methode Electronics navigated challenges in Q1 2025 with a focus on program launches and EV sales growth.
Despite headwinds in key markets, the company remains optimistic about achieving profitability in fiscal 2026.
Addressing inventory issues and optimizing operations are key priorities for sustaining growth and improving financial performance.

Methode Electronics reports robust Q2 earnings amidst market challenges

Methode Electronics delivered strong Q2 results driven by Power Products and cost efficiencies.
Despite challenges in the commercial vehicle market and a subpoena from the SEC, the company remains committed to growth and transparency.
Opportunities lie in expanding EV sales, managing debt covenants, and executing program launches for future profitability.

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CHICAGO, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced it will release its second quarter fiscal 2021 results for the period ended October 31, 2020, on Thursday, December 3, 2020, before the market opens.

Methode Electronics to Announce Second Quarter Fiscal 2021 Results on Thursday, December 3, 2020

CHICAGO, Sept.  24, 2020  (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced an update today to its fiscal second quarter 2021 financial guidance.

Methode Electronics, Inc. Updates Sales Guidance and Initiates Earnings Guidance for Fiscal Second Quarter 2021

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CHICAGO, Sept.  16, 2020  (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced today that its board of directors has declared a quarterly dividend of $0.11 per share to be paid on October 30, 2020 to common stockholders of record at the close of business on October 16, 2020.

Methode Electronics’ Board Approves Dividend

Methode Electronics Operating In A Changing Marketplace With Risks Attached

Methode Electronics, Inc. (MEI) CEO Don Duda on Q1 2021 Results - Earnings Call Transcript

Shares of Methode Electronics (NYSE:MEI) rose 2% in pre-market trading after the company reported Q1 results.

Methode Electronics: Q1 Earnings Insights

CHICAGO, Sept.  03, 2020  (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced financial results for the fiscal first quarter of 2021 ended August 1, 2020.

Methode Electronics, Inc. Reports Fiscal First Quarter 2021 Financial Results

On Thursday, September 03, Methode Electronics (NYSE: MEI) will release its latest earnings report.

A Preview Of Methode Electronics's Earnings

CHICAGO, Aug.  20, 2020  (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced it will release its first quarter fiscal 2021 results for the period ended August 1, 2020, on Thursday, September 3, 2020, before the market opens.

Methode Electronics to Announce First Quarter Fiscal 2021 Results on Thursday, September 3, 2020

Methode Electronics, Inc.'s (MEI) CEO Don Duda on Q4 2020 Results - Earnings Call Transcript

CHICAGO, June  30, 2020  (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced financial results for the fourth quarter and full year of Fiscal 2020 ended May 2, 2020.

Methode Electronics, Inc. Reports Fiscal 2020 Fourth Quarter and Record Full Year Financial Results

Methode (MEI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Methode (MEI) Earnings Expected to Grow: Should You Buy?

Analysts Estimate Methode (MEI) to Report a Decline in Earnings: What to Look Out for

CHICAGO, May  28, 2020  (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced preliminary, unaudited financial results for the fiscal year ended May 2, 2020 (Fiscal 2020) and provided comments on the impact to its business from the COVID-19 pandemic.

Methode Electronics, Inc. Announces Preliminary Financial Results for Fiscal 2020

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Methode (MEI) Stock Undervalued Right Now?

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Should Value Investors Buy Methode (MEI) Stock?

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Let's see if Methode Electronics (MEI) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Choose Methode Electronics Now (MEI)?

Methode Electronics' Potentially Premature Reaffirmation

CHICAGO, March  19, 2020  (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced today that its board of directors has declared a quarterly dividend of $0.11 per share to be paid on May 1, 2020 to common stockholders of record at the close of business on April 17, 2020.

METHODE ELECTRONICS’ BOARD - APPROVES DIVIDEND

Methode Electronics (MEI) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

Looking for Value? Why It Might Be Time to Try Methode Electronics (MEI)

Methode Electronics (MEI) gains more than 2% on Mar 5 after the company's Q3 top- and bottom-line numbers exceed expectations and mark year-over-year improvement as well.

News for Methode Electronics Stock (MEI)