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Methode Electronics reports developments tied to its custom-engineered mechatronic solutions for OEM customers, including user interface systems, lighting, power distribution and sensor applications. The company serves transportation, cloud computing infrastructure, construction equipment and consumer appliance end markets through Automotive, Industrial and Interface segments.
Recurring news covers fiscal operating results, margin and sales commentary, transformation and portfolio-refinement actions, dividends, and investor conference appearances. Company updates also address power-solution strategy, facility-footprint actions, and completed divestitures such as the sale of the dataMate copper transceiver business.
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.