Methode Ele Stock Price, News & Analysis

Methode Electronics, Inc. (NYSE: MEI) will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9 at 9:20 a.m. EDT. This event will showcase the company's custom-engineered solutions for user interface, LED lighting, and power distribution applications. A live webcast will be available on their Investors page and archived for later access. Methode Electronics operates globally, serving sectors such as automotive, cloud computing, and medical devices, with a focus on diverse markets.

Methode Electronics, Inc. (NYSE: MEI) is set to present at the Oppenheimer 16th Annual Industrial Growth Conference on May 5, 2021, at 12:00 p.m. EDT. Interested investors can access a live webcast on the company’s website under the Investors page, which will also host an archived version post-event. Methode Electronics specializes in custom engineered products across various sectors, including automotive, industrial, and medical, with a global manufacturing presence in multiple countries.

Methode Electronics (NYSE: MEI) has authorized a new share buyback program allowing for the repurchase of up to $100 million of its outstanding common stock through March 31, 2023. Purchases will be made on the open market or through private transactions, subject to market conditions and other factors. There is no guarantee on the timing or extent of purchases. This initiative is aimed at boosting shareholder value by potentially increasing earnings per share (EPS) and demonstrates the board's confidence in the company's financial health and future prospects.

Methode Electronics, Inc. (NYSE: MEI) announced the election of Janie Goddard to its board of directors. Chairman Walter J. Aspatore expressed confidence in Goddard's extensive business experience, highlighting her leadership in strategic marketing and product development. Goddard currently serves as Divisional Chief Executive for the Medical and Environmental Sector at Halma plc, and has held significant roles at Novanta, Welch Allyn, Covidien, and Johnson & Johnson. Her addition is expected to support Methode's growth strategy.

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.11 per share. This dividend will be payable on April 30, 2021, to stockholders on record as of April 16, 2021. The company specializes in custom engineered products, with operations across multiple countries including the US, Canada, and China.

With significant involvement in various sectors such as automotive, industrial, and medical, Methode continues to strengthen its market presence.

Methode Electronics, Inc. (NYSE: MEI) reported fiscal Q3 2021 results with net sales of $295.3 million, reflecting a 7.6% increase adjusted for foreign currency. Electric and hybrid vehicle applications contributed over 12% to net sales. Net income stood at $31.9 million ($0.83 per diluted share), down from $41.2 million a year earlier. The company achieved free cash flow of $82.2 million and reduced debt to $244.6 million. Looking ahead, Q4 guidance estimates net sales between $270 million and $300 million, influenced by ongoing supply chain challenges.

Methode Electronics, Inc. (NYSE: MEI) will release its third quarter fiscal 2021 results on March 4, 2021, before the market opens. The results will cover the period ending January 30, 2021. Following the release, a conference call led by CEO Donald W. Duda and CFO Ronald Tsoumas is scheduled for 10:00 a.m. CST to discuss financial and operational highlights. Participants can join the call by dialing 888-506-0062 or 973-528-0011 for international calls. A replay will be available until March 18, 2021, via a dedicated phone line and the company's website.

Methode Electronics (NYSE: MEI) will present at the 23rd Annual Needham Virtual Growth Conference on January 12, 2021, at 10:00 a.m. EST. Interested parties can access a simultaneous webcast via the company’s website on the Investors page, where it will also be archived for later viewing.

As a global leader in custom engineered products, Methode operates across various sectors, including Automotive and Medical. The company boasts manufacturing facilities in multiple countries, emphasizing its extensive market reach and technology in electronics and sensing solutions.

Methode Electronics, Inc. (NYSE: MEI) has declared a quarterly dividend of $0.11 per share, payable on January 29, 2021. Shareholders of record as of January 15, 2021 will be eligible for this dividend. Methode Electronics specializes in custom engineered products across various sectors, including automotive, industrial, and medical markets. With a global presence and extensive manufacturing capabilities, the company continues to expand its product offerings in advanced technologies.