Welcome to our dedicated page for Methode Ele news (Ticker: MEI), a resource for investors and traders seeking the latest updates and insights on Methode Ele stock.
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 (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 The event will be accessible via a webcast on the company's website, which will also include an archived version for later viewing.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%.
Methode Electronics (NYSE: MEI) announced a quarterly dividend of $0.14 per share, payable on July 29, 2022, to stockholders of record by July 15, 2022. Additionally, the board has authorized an increase in its share buyback program by $100 million, raising the total to $200 million. As of April 30, 2022, 1,593,139 shares were repurchased at a cost of $71.2 million. The buyback authorization has been extended to June 14, 2024, allowing purchases under varied market conditions. These initiatives aim to enhance shareholder value and confidence in the company’s financial future.
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.
