Methode Ele Stock Price, News & Analysis

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.14 per share, scheduled for payment on January 27, 2023. Stockholders must be on record by the close of business on January 13, 2023 to receive this dividend. The company is a leading global supplier specializing in custom-engineered solutions across various sectors including automotive and medical devices, with a diverse product range such as user interfaces and power distribution applications.

Methode Electronics reported record net sales of $315.9 million for Q2 fiscal 2023, up 6.9% year-over-year. Sales in the electric and hybrid vehicle sector accounted for 20% of total revenue, while the Industrial segment achieved net sales of $103.8 million. Net income stood at $27.6 million, or $0.75 per diluted share. The company announced a $20 million share buyback program, purchasing 508,179 shares. Full-year guidance was revised to $1,170 - $1,200 million in sales, with EPS guidance lowered to $2.70 - $2.90 due to inflation and supply chain issues.

Methode Electronics (NYSE: MEI) will announce its Q2 fiscal 2023 results for the period ending October 29, 2022, on December 1, 2022, before market opens. Following the earnings release, a conference call led by CEO Donald W. Duda and CFO Ronald L. G. Tsoumas will discuss financial and operational highlights at 10:00 a.m. CST. Interested participants may join via phone or through a webcast available on the company’s website. A replay of the call will be accessible until December 15, 2022.

CHICAGO, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Methode Electronics (NYSE: MEI) will present at the Sidoti Small Cap Virtual Conference on September 21st at 12:15 p.m. EDT. Interested parties can access a simultaneous webcast on the company’s website, where it will also be archived.

Methode Electronics is a global supplier of custom-engineered solutions for user interface, LED lighting, and power distribution applications, with operations across North America, Europe, the Middle East, and Asia.

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.14 per share, to be paid on October 28, 2022, to stockholders who are on record by October 14, 2022. The company specializes in custom-engineered solutions for user interface, LED lighting, and power distribution. Operating in diverse sectors including automotive, industrial, and medical, Methode Electronics maintains a global presence across North America, Europe, the Middle East, and Asia.

Methode Electronics, Inc. (NYSE: MEI) reported net sales of $282.4 million for the first quarter of fiscal 2023, a decrease of 1.9% year-over-year. Despite challenges, the Industrial segment achieved record sales of $92.1 million, driven by power distribution solutions. Net income fell to $21.5 million, or $0.58 per diluted share, impacted by a foreign currency loss of $2.9 million. The company confirmed fiscal 2023 guidance for net sales between $1,160 to $1,210 million and diluted EPS of $2.70 to $3.10, citing continued supply chain disruptions and market volatility.

Methode Electronics, Inc. (NYSE: MEI) announced it will release its first quarter fiscal 2023 results, ending July 30, 2022, on September 1, 2022, before market opens. Following this, a conference call will be held at 10:00 a.m. CDT to discuss financial and operational highlights, led by President Donald W. Duda and CFO Ronald L. G. Tsoumas. Investors can participate by calling 888-506-0062 domestically or 973-528-0011 internationally. A webcast will also be available on the company’s website.

Methode Electronics (NYSE: MEI) will present at the 2022 J.P. Morgan Automotive Conference on August 10 at 4:30 p.m. EDT. The event will be accessible via a webcast on the company's website, which will also include an archived version for later viewing.

As a global leader in custom-engineered solutions, Methode Electronics specializes in user interfaces, LED lighting, and power distribution. The company serves various markets, including automotive, cloud computing, and medical devices, with operations across North America, Europe, the Middle East, and Asia.

Methode Electronics (NYSE: MEI) announced Q4 fiscal 2022 results, reporting net sales of $288.7 million, down 4.1% year-over-year. The decrease was driven by lower automotive sales impacted by supply chain constraints and reduced demand in North America and Europe due to the Ukraine conflict. Net income fell to $16.2 million or $0.43 per diluted share. Free cash flow improved to $33.6 million. The company expects fiscal 2023 net sales between $1,160 million and $1,210 million, with a 3-year organic sales CAGR target of 6%.