Methode Ele Stock Price, News & Analysis

Methode Electronics (NYSE: MEI) has appointed Brad Corrodi as Chief Strategy Officer (CSO), effective March 10, 2025. Corrodi brings over 30 years of experience in strategic, investment, and operating roles to the global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications.

Based at the company's Chicago headquarters, Corrodi will focus on driving organic growth opportunities and exploring future M&A activities. A key aspect of his role will be identifying opportunities to expand Methode's power solutions enterprise into new and growing markets, supporting the company's broader transformation efforts to regain industry leadership.

Methode Electronics (NYSE: MEI), a global supplier of custom-engineered solutions for user interface, lighting system and power distribution applications, has scheduled its third quarter fiscal 2025 results release for March 5, 2025, after market close. The earnings period covers through February 1, 2025.

The company will host a conference call and webcast on March 6, 2025, at 10:00 a.m. CST, featuring President and CEO Jon DeGaynor and CFO Laura Kowalchik. Investors can join via phone (888-506-0062 domestic, 973-528-0011 international) or through the company's website. A replay will be available until March 20, 2025, using passcode 52027.

Methode Electronics (NYSE: MEI) has appointed Karen Keegans as its new Chief Human Resources Officer (CHRO), effective February 3, 2025. Keegans, who brings over 30 years of leadership experience including CHRO roles at Fortune 500 companies like Rockwell Automation, Pentair, and Praxair, will succeed Andrea Barry, who has served as CHRO since 2017.

Based at the company's Chicago headquarters, Keegans will focus on aligning culture and talent with business objectives, building organizational capabilities, and shifting the culture to be more globally aligned and performance-focused. These changes are part of Methode's broader strategy to regain industry leadership position.

Methode Electronics (NYSE: MEI), a global supplier of custom-engineered solutions specializing in user interface, lighting, and power distribution applications, has announced a quarterly dividend declaration. The dividend of $0.14 per share will be paid on January 31, 2025, to stockholders of record as of the close of business on January 17, 2025.

Methode Electronics (NYSE: MEI) reported fiscal Q2 2025 results with net sales of $292.6 million, showing a slight increase from $288.0 million in Q2 2024. The company posted a net loss of $1.6 million ($0.05 per share), improving from a $55.3 million loss in the prior year. Electric and hybrid vehicle applications represented 20% of net sales.

Key financial metrics include adjusted pre-tax income of $6.2 million and adjusted net income of $5.2 million ($0.14 per share). The company maintained full compliance with debt covenants, though net debt increased to $243.6 million. Management raised fiscal 2025 adjusted pre-tax income guidance to approximately breakeven and reaffirmed fiscal 2026 expectations for higher sales and notably greater pre-tax income.

Methode Electronics (NYSE: MEI) has scheduled the release of its second quarter fiscal 2025 financial results for Thursday, December 5, 2024, before market opening. The company will host a conference call and webcast at 10:00 a.m. CST featuring CEO Jon DeGaynor and CFO Laura Kowalchik to discuss the results for the period ended November 2, 2024. Methode Electronics, a global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, will provide dial-in options for both domestic and international participants.

Methode Electronics (NYSE: MEI) has appointed Lars Ullrich as Senior Vice President, Global Automotive Business, effective December 2, 2024. In this newly created position, Ullrich will oversee global strategic, launch, and commercial activities for the company's automotive business. Ullrich brings over 20 years of business and strategic leadership experience from multinational companies, including positions at Infineon Technologies and Robert Bosch. He most recently served as Head of Region Americas and Chief Business Officer at Larsen and Toubro Semiconductor Technologies.

Rigrodsky Law, P.A. has announced an investigation into potential claims against the officers and directors of Methode Electronics, Inc. (NYSE: MEI) on behalf of stockholders. The investigation focuses on shareholders who purchased or acquired Methode shares on or before December 2, 2021. Interested parties are encouraged to visit the law firm's website or contact Leah Wihtelin for more information about the investigation and their rights.

Methode Electronics, Inc. (NYSE: MEI), a global supplier of custom-engineered solutions, has announced a planned transition in its Board leadership. Mark Schwabero has been appointed as the new Chairman of the Board, succeeding Walter Aspatore, who is retiring after 16 years of service. Schwabero, previously appointed as Vice Chairman in May 2024, has been a director at Methode since 2019. He brings valuable experience from his former role as Chairman, CEO, and Director of Brunswick , a recreational marine products company, from 2016 to 2018. This transition marks a significant change in Methode's leadership structure, potentially influencing the company's future direction and strategy.