MARKET COMPOSITE
MEI - Methode Electronics, Inc.7:59:58 PM 3/28/2024
Price
$12.17
+ 0.39 (3.31%)
Methode Electronics is an American Multinational company headquartered in Chicago, Illinois, with Engineering, Manufacturing and Sales Operations in more than 35 locations in 14 countries. The company employs around 4,566 people worldwide.
Financials
Quarterly financials
(USD)Jan 2024Q/Q
Revenue259.5MM-10%
Gross Profit37MM-29%
Cost Of Revenue222.5MM-6%
Operating Income-3MM-94%
Operating Expenses40MM-
Net Income-11.6MM-79%
G&A33.9MM-17%
Amortization6.1MM-2%
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Stock news

    CHICAGO, March 14, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting, and power distribution applications, announced today that its board of directors has declared a quarterly dividend of $0.14 per share to be paid on April 26, 2024, to common stockholders of record at the close of business on April 12, 2024. About Methode Electronics, Inc.Methode Electronics, Inc. (NYSE: MEI) is a leading glo

    CHICAGO, March 07, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the third quarter of fiscal 2024 ended January 27, 2024. Fiscal Third Quarter 2024 Highlights Net sales were $259.5 millionElectric and hybrid vehicle applications were 19 percent of net salesNet loss was $11.6 million, or $0.33 per diluted shareFree c

    CHICAGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced it will release its third quarter fiscal 2024 results for the period ended January 27, 2024, on Thursday, March 7, 2024, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led

    Seasoned Electronics Industry Leader Brings More than 20 Years of Experience Driving Transformational Growth and Value Creation Initiatives to MethodeCHICAGO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that Avi Avula has been appointed as Methode’s new President and Chief Executive Officer (CEO), starting on January 29

    CHICAGO, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the second quarter of fiscal 2024 ended October 28, 2023. Fiscal Second Quarter 2024 Highlights Net sales were $288.0 millionElectric and hybrid vehicle applications were 19 percent of net salesGoodwill impairment of $56.5 million in North American and

    CHICAGO, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced it will release its second quarter fiscal 2024 results for the period ended October 28, 2023, on Thursday, December 7, 2023, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights

    Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day September Small-Cap Conference taking place Wednesday and Thursday, September 20-21, 2023. The presentation schedule is subject to change.

    CHICAGO, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, will present at the Sidoti Small-Cap Virtual Conference on Thursday, September 21 at 2:30 p.m. EDT. A simultaneous webcast can be accessed through the company’s website, www.methode.com, by selecting the Investors page. The webcast will also be archived on the same Investors page. About Me

    CHICAGO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the first quarter of fiscal 2024 ended July 29, 2023. Fiscal First Quarter 2024 Highlights Net sales were $289.7 millionElectric and hybrid vehicle applications were 22 percent of net salesNet income was $0.9 million, or $0.02 per diluted shareAdjusted

    CHICAGO, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that Donald W. Duda, President and Chief Executive Officer, will retire from Methode. He will continue to lead the company until a successor has been named and will work with the new CEO through a transition period, which is expected to conclude during fiscal 2025. Me