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.

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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.

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CHICAGO, June 02, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system, and power distribution applications, will present at the Stifel 2021 Virtual Cross Sector Insight Conference on Wednesday, June 9 at 9:20 a.m. EDT.

Methode Electronics to Present at the Stifel 2021 Virtual Cross Sector Insight Conference

CHICAGO, April 28, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, will present at the Oppenheimer 16th Annual Industrial Growth Conference on Wednesday, May 5 at 12:00 p.m. EDT.

Methode Electronics to Present at the Oppenheimer 16th Annual Industrial Growth Conference

CHICAGO, March 31, 2021 (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 authorized a new share buyback program.

Methode Electronics' Board Authorizes $100 Million Share Buyback Program

CHICAGO, March 18, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced today the election of Janie Goddard as a director of the company.

Methode Electronics Adds Janie Goddard to its Board of Directors

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Methode Electronics, Inc. (MEI) CEO Don Duda on Q3 2021 Results - Earnings Call Transcript

Methode (MEI) delivered earnings and revenue surprises of 5.06% and 5.30%, respectively, for the quarter ended January 2021. Do the numbers hold clues to what lies ahead for the stock?

Methode (MEI) Surpasses Q3 Earnings and Revenue Estimates

CHICAGO, March 04, 2021 (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 third quarter of 2021 ended January 30, 2021.

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

CHICAGO, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced it will release its third quarter fiscal 2021 results for the period ended January 30, 2021, on Thursday, March 4, 2021, before the market opens.

Methode Electronics to Announce Third Quarter Fiscal 2021 Results on Thursday, March 4, 2021

Is Methode Electronics (MEI) a great pick from the value investor's perspective right now? Read on to know more.

Can Value Investors Pick Methode Electronics (MEI) Stock Now?

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) a Great Value Stock Right Now?

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CHICAGO, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, will present at the 23rd Annual Needham Virtual Growth Conference on Tuesday, January 12 at 10:00 a.m. EST.

Methode Electronics to Present at the 23rd Annual Needham Virtual Growth Conference

Shares of U.S. electronics components company Methode Electronics Inc. (NYSE:MEI) are up nearly 60% over the last three months. However, the company's stock has yet to fully recover from the decline experienced earlier in the year.

Does Methode Electronics Have Room Left to Run?

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Are Investors Undervaluing Methode (MEI) Right Now?

Methode Electronics, Inc. (MEI) CEO Don Duda on Q2 2021 Results - Earnings Call Transcript

Shares of Methode Electronics (NYSE:MEI) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 60.94% over the past year to $1.03, which beat the estimate of $0.80.

Methode Electronics: Q2 Earnings Insights

CHICAGO, Dec. 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 second quarter of 2021 ended October 31, 2020.

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

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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.

News for Methode Electronics Stock (MEI)