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Methode Electronics, Inc. (MEI) delivers innovative engineering solutions across automotive, industrial, and medical markets since 1946. This news hub provides investors and industry professionals with centralized access to official corporate announcements, financial disclosures, and strategic developments.
Track MEI's latest earnings reports, product launches, and partnership announcements alongside updates on sensor technologies, power distribution systems, and automotive interface innovations. Our curated collection ensures timely access to material developments affecting MEI's position in custom-engineered components markets.
Discover updates spanning MEI's core operational segments including automotive electronics, industrial interface systems, and medical device components. Content is rigorously verified to provide accurate insights into leadership changes, manufacturing expansions, and technological advancements.
Bookmark this page for streamlined monitoring of MEI's progress in developing mission-critical solutions for global OEM partners. Return regularly for unfiltered access to primary source materials essential for informed market analysis.
Methode Electronics, Inc. (NYSE: MEI) has announced a public tender offer for Nordic Lights Group Corporation at EUR 6.30 per share, valuing the acquisition at approximately EUR 132 million. Nordic Lights specializes in high-quality LED lighting solutions for heavy-duty equipment, serving sectors such as mining and construction. Methode anticipates that the acquisition will positively impact earnings and free cash flow in fiscal 2024, funded through cash reserves and existing credit. The deal requires over 90% shareholder acceptance for completion and is expected to finalize in H2 2023, pending customary conditions and regulatory approvals.
Methode Electronics, Inc. (NYSE: MEI) will release its third quarter fiscal 2023 results on March 9, 2023, before the market opens. The results will cover the period ending January 28, 2023. Following the release, a conference call led by President and CEO Donald W. Duda and CFO Ronald L. G. Tsoumas is scheduled for 10:00 a.m. CST. Interested parties can join the call at 888-506-0062 (domestic) or 973-528-0011 (international), or access a webcast on the company's website. A replay will be available until March 23, 2023.
Methode Electronics specializes in custom-engineered solutions across various sectors, including automotive, industrial, and medical.
Methode Electronics (NYSE: MEI) will participate in the 25th Annual Needham Growth Conference on January 11, 2023, at 8:00 a.m. EST. The event will showcase the company's innovative solutions for user interfaces, LED lighting, and power distribution. A live webcast will be available on their website, and an archived version will also be accessible later. Methode Electronics specializes in custom-engineered solutions across various sectors, including transportation, cloud computing, and medical devices, with operations spanning North America, Europe, the Middle East, and Asia.
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.
