Methode Ele Stock Price, News & Analysis

Methode Electronics (NYSE: MEI) reported preliminary financial results for the fiscal year ending April 30, 2022, with net sales expected at approximately $1,164 million, a 7% increase from the prior year. However, earnings per share (EPS) guidance was reduced to $2.68 to $2.72, down from previous estimates of $3.05 to $3.15, due to challenges like supply chain disruptions and geopolitical tensions. For fiscal 2023, the company anticipates net sales between $1,160 million and $1,210 million and EPS guidance of $2.70 to $3.10.

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.14 per share, scheduled for payment on April 29, 2022. Shareholders must be on record by the close of business on April 14, 2022. This decision reflects the company's commitment to return value to its investors. Methode is a global supplier specializing in custom-engineered solutions for applications in user interface, LED lighting, and power distribution, with operations across North America, Europe, the Middle East, and Asia.

Methode Electronics, Inc. (NYSE: MEI) reported its third-quarter fiscal 2022 results, showing net sales of $291.6 million, a 1.3% decrease year-over-year. Electric and hybrid vehicle applications reached a record 19% of net sales. Net income stood at $29.4 million, or $0.78 per diluted share, impacted by restructuring costs of $2.7 million. The company initiated $21.3 million in share buybacks and expects annual sales from new programs to surpass $100 million. Full-year sales guidance was raised to $1,160-$1,170 million, while EPS guidance was narrowed to $3.05-$3.15.

Methode Electronics, Inc. (NYSE: MEI) announced its upcoming release of third-quarter fiscal 2022 results for the period ending January 29, 2022, scheduled for March 3, 2022, before market opens. The financial and operational highlights will be discussed in a conference call at 10:00 a.m. CST, led by President and CEO Donald W. Duda and CFO Ronald L. G. Tsoumas. Interested participants can dial in or access a webcast through the company’s website. A replay of the call will be available until March 17, 2022.

Methode Electronics, Inc. (NYSE: MEI) will present at the Sidoti Small Cap Virtual Investor Conference on January 19, 2022, at 4:00 p.m. EST. The presentation will be accessible through the company's website, www.methode.com, where a recorded version will also be available post-event.

Methode Electronics specializes in custom-engineered solutions for user interfaces, LED lighting, and power distribution, serving diverse markets including automotive, medical devices, and construction equipment. Their operations extend across North America, Europe, the Middle East, and Asia.

Methode Electronics (NYSE: MEI) has announced a quarterly dividend of $0.14 per share, to be paid on January 28, 2022. Shareholders of record by the close of business on January 14, 2022 will receive this dividend. The company specializes in custom-engineered solutions involving user interface, LED lighting, and power distribution across various industries, including automotive and medical devices. With operations in North America, Europe, the Middle East, and Asia, Methode continues to support a range of end markets.

Methode Electronics, Inc. (NYSE: MEI) reported Q2 fiscal 2022 net sales of $295.5 million, down 1.8% year-over-year, with electric and hybrid vehicle applications hitting a record 16% of total sales. Net income decreased to $27.5 million or $0.72 per diluted share, down from $38.6 million in Q2 2021. The Automotive segment saw a 9.1% decline in sales due to semiconductor shortages, while the Industrial segment rose 18.9%. Full-year sales guidance was revised lower to $1,140-$1,160 million, with EPS guidance adjusted to $3.00-$3.20.

Methode Electronics, Inc. (NYSE: MEI) will release its second quarter fiscal 2022 results for the period ended October 30, 2021, on December 2, 2021, before market opening. A conference call led by CEO Donald W. Duda and CFO Ronald L. G. Tsoumas will discuss the financial highlights at 10:00 a.m. CST. Participants can join by calling 888-506-0062 or 973-528-0011. A replay will be available until December 16, 2021. Methode specializes in custom-engineered solutions for user interfaces, LED lighting, and power distribution applications across various sectors.

Methode Electronics, Inc. (NYSE: MEI) will present at the Sidoti Fall Virtual Investor Conference on September 23, 2021, at 10:45 a.m. EDT. Investors can access a live webcast via the company’s website, which will also be archived for later viewing. Methode Electronics specializes in custom-engineered solutions in user interfaces, LED lighting, and power distribution, serving various sectors including transportation, cloud computing, and medical devices. The company operates globally with facilities in North America, Europe, the Middle East, and Asia.