Welcome to our dedicated page for Methode Ele news (Ticker: MEI), a resource for investors and traders seeking the latest updates and insights on Methode Ele stock.
Methode Electronics, Inc. (NYSE: MEI) is described in its public communications as a global supplier of custom-engineered mechatronic solutions for user interface, lighting, power distribution and sensor applications. This news page aggregates coverage related to the company’s operations across its Automotive, Industrial and Interface segments, as well as its activity in transportation, cloud computing infrastructure, construction equipment and consumer appliance end markets.
Investors following MEI news will find regular earnings announcements, where Methode reports segment net sales, income from operations, non‑GAAP measures such as Adjusted EBITDA, Net Debt and Free Cash Flow, and commentary on factors like electric vehicle demand, program roll‑offs and transformation initiatives. Releases often discuss trends in automotive sensor and user interface products, power products for data centers, and lighting products for commercial vehicles and off‑road equipment.
News items also include dividend declarations, with the board of directors announcing quarterly cash dividends and related record and payment dates, as well as information about conference calls and webcasts where management reviews financial and operational highlights. Additional updates cover investor conference participation, leadership changes in areas such as accounting and investor relations, and governance events like the annual meeting of stockholders.
By reviewing the MEI news stream, readers can see how Methode communicates its transformation progress, cost‑reduction efforts, capital allocation decisions and risk considerations. This page can be useful for tracking how developments in automotive, commercial vehicle, electric and hybrid vehicle applications, and data center power products are reflected in the company’s public disclosures over time.
Methode Electronics (NYSE: MEI) reported record net sales of $300.8 million for Q2 fiscal 2021, up from $257.2 million year-over-year, driven by strong automotive segment growth and favorable foreign currency effects. Income from operations reached a record $45.0 million, while net income was $38.6 million ($1.01 per diluted share). The company generated $40.3 million in operating cash flow and reported a free cash flow of $36.7 million. For Q3, the outlook suggests net sales between $265 million to $285 million with EPS guidance of $0.69 to $0.85.
Methode Electronics, Inc. (NYSE: MEI) will release its second quarter fiscal 2021 results on December 3, 2020, before market opening. The report will cover the period ending October 31, 2020. Following the release, a conference call will be held at 10:00 a.m. CST, featuring President Donald W. Duda and CFO Ron Tsoumas discussing financial and operational highlights. Participation details include dialing (877) 407-8031 domestically or (201) 689-8031 internationally. A replay will be available until December 17, 2020.
Methode Electronics, Inc. (NYSE: MEI) updated its fiscal Q2 2021 guidance, expecting net sales between $270 million and $285 million, an increase from the previous estimate of $230 million to $250 million. The company also forecasts diluted EPS of $0.71 to $0.81, accounting for $3 million in restructuring costs. This revised projection is driven by improved customer demand, particularly in the automotive sector, despite ongoing risks related to COVID-19 disruptions.
On September 16, 2020, Methode Electronics (NYSE: MEI) announced a quarterly dividend of $0.11 per share, scheduled for payment on October 30, 2020. Stockholders of record as of October 16, 2020 are eligible for this dividend. Methode Electronics, a global provider of custom-engineered products, operates across various sectors including automotive and medical. The company has extensive manufacturing and design capabilities worldwide, which cater to multiple industries such as aerospace, consumer electronics, and transportation.
Methode Electronics (NYSE: MEI) will release its fourth quarter and full year Fiscal 2020 results on June 30, 2020. The results cover the period ended May 2, 2020. Following the earnings announcement, a conference call will be held at 10:00 a.m. CDT, led by CEO Donald W. Duda and CFO Ron Tsoumas. Investors can participate by dialing (844) 369-8770 domestically or (862) 298-0840 internationally. A replay will be available until July 14, 2020. Methode is a global developer of custom engineered products, operating across various industries.
Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.11 per share, payable on July 31, 2020, to shareholders on record by July 17, 2020. This decision highlights the company’s commitment to returning value to its investors amid its diverse operations in various markets including automotive, medical, and aerospace.
Methode Electronics develops custom-engineered solutions, operating globally with facilities in multiple countries. The company’s products utilize advanced technologies across numerous applications.
Methode Electronics (NYSE: MEI) reported preliminary financial results for Fiscal 2020, expecting net sales of approximately $1.02 billion, a 2% increase year-over-year, despite a negative impact of $85 million in the fourth quarter due to COVID-19 production shutdowns. The income before taxes is projected between $147 million and $149 million, and diluted earnings per share are expected to range from $3.22 to $3.28. The company has taken proactive steps to manage liquidity amidst uncertainties while forecasting a record year in sales.