MEI - Earnings announcements

Net sales of $233.7 million, down 2.6% year-over-yearNet loss of $15.9 million or 6.8% of net sales; adjusted EBITDA margin of 3.1%Narrowed FY26 sales guidance, lowered adjusted EBITDA guidance to $58 to $62 millionFinalized agreement for the sale of Harwood Heights, IL facilitySubsequent to quarter-end, closed on the sale of dataMate business, purchase price of $16 million SOUTHFIELD, Mich., March 05, 2026 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, today announced financial results for the third quarter of fiscal 2026 ended January 31, 2026.

SOUTHFIELD, Mich., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, announced it will conduct a conference call and webcast on Friday, March 6, 2026, at 11:00 a.m. EST to review its third quarter fiscal 2026 results. President and Chief Executive Officer, Jon DeGaynor, and Chief Financial Officer, Laura Kowalchik will lead the call. The presentation will be webcast live on the company's investor relations website at https://ir.methode.com. Participants are encouraged to log on to the webcast approximately 10 minutes before the start of the pres

Net sales of $246.9 million down 15.6% year-over-year; up 2.6% on a sequential quarter basisNet loss of $9.9 million or 4.0% of net sales; adjusted EBITDA margin of 7.1%Reaffirming fiscal 2026 guidance for net sales of $900 million to $1 billion and adjusted EBITDA of $70 to $80 million CHICAGO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, today announced financial results for the second quarter of fiscal 2026 ended November 1, 2025. President and Chief Executive Officer Jon DeGaynor said, "Methode's transformation journey made further pr

CHICAGO, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a leading global supplier of custom-engineered solutions for user interface, lighting system, and power distribution applications, announced it will conduct a conference call and webcast on Thursday, December 4, 2025, at 10:00 a.m. CDT to review its second quarter fiscal 2026 results. President and Chief Executive Officer, Jon DeGaynor, and Chief Financial Officer, Laura Kowalchik will lead the call. The presentation will be webcast live on the company's investor relations website at https://ir.methode.com. Participants are encouraged to log on to the webcast approximately 10 minutes before the start of the p

Power Product Sales GrowthIncome from Operations Up $8.6 MillionThird Straight Quarter of Strong Free Cash Flow and Net Debt ReductionFiscal 2026 Guidance Affirmed CHICAGO, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, today announced financial results for the first quarter of fiscal 2026 ended August 2, 2025. Fiscal First Quarter 2026 Results Net sales were $240.5 millionElectric and hybrid vehicle applications were 19% of net salesIncome from operations was $1.1 millionPre-tax loss was $6.1 million; adjuste

CHICAGO, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a leading global supplier of custom-engineered solutions for user interface, lighting system and power distribution applications, announced today that it has postponed the release of its financial results for the first quarter of fiscal 2026, which had previously been scheduled for September 3, 2025. Methode will release its first quarter fiscal 2026 results for the period ended August 2, 2025, on Tuesday, September 9, 2025, after market close. The company will conduct a conference call and webcast the following day, Wednesday, September 10, 2025, at 10:00 a.m. CDT to review financial and operational highlig

CHICAGO, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a leading global supplier of custom-engineered solutions for user interface, lighting system and power distribution applications, announced it will release its first quarter fiscal 2026 results for the period ended August 2, 2025, on Wednesday, September 3, 2025, after market close. The company will conduct a conference call and webcast the following day, Thursday, September 4, 2025, at 10:00 a.m. CDT to review financial and operational highlights led by its President and Chief Executive Officer, Jon DeGaynor, and Chief Financial Officer, Laura Kowalchik. To participate in the conference call, please dial 88

Record Power Product Sales for Data Centers for Quarter and Full YearPositive Free Cash Flow for Quarter; Highest Quarter Since Fiscal 2023Total and Net Debt Reduced from Fiscal 2025 Third QuarterFiscal 2026 EBITDA Expected to Improve Over 100%Corporate Actions AnnouncedBoard of Directors Declares Quarterly Dividend of $0.07 CHICAGO, July 09, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, today announced financial results for the fourth quarter and full year ended May 3, 2025. Fiscal Fourth Quarter 2025 Results Net sales were $257.1 mill

CHICAGO, July 03, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a leading global supplier of custom-engineered solutions for user interface, lighting system and power distribution applications, announced it will release its fourth quarter and full year fiscal 2025 results for the period ended May 3, 2025, on Wednesday, July 9, 2025, after market close. The company will conduct a conference call and webcast the following day, Thursday, July 10, 2025, at 10:00 a.m. CDT to review financial and operational highlights led by its President and Chief Executive Officer, Jon DeGaynor, and Chief Financial Officer, Laura Kowalchik. To participate in the conference call, please dial

CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a leading global supplier of custom-engineered solutions for user interface, lighting system and power distribution applications, announced it will release its third quarter fiscal 2025 results for the period ended February 1, 2025, on Wednesday, March 5, 2025, after market close. The company will conduct a conference call and webcast the following day, Thursday, March 6, 2025, at 10:00 a.m. CST to review financial and operational highlights led by its President and Chief Executive Officer, Jon DeGaynor, and Chief Financial Officer, Laura Kowalchik. To participate in the conference call, please dial 888-506-

CHICAGO, Nov. 21, 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 second quarter fiscal 2025 results for the period ended November 2, 2024, on Thursday, December 5, 2024, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its President and Chief Executive Officer, Jon DeGaynor, and Chief Financial Officer, Laura Kowalchik, at 10:00 a.m. CST. To participate in the conference call, please dial 888-506-0062

CHICAGO, Aug. 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 first quarter fiscal 2025 results for the period ended July 27, 2024, on Thursday, September 5, 2024, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its Chief Executive Officer, Jon DeGaynor, and Interim Chief Financial Officer, David Rawden, at 10:00 a.m. CDT. To participate in the conference call, please dial 888-506-0062 (domestic) or 9

Positive Fourth Quarter Free Cash FlowNet Debt at Lowest Level of the Fiscal Year Over $140 Million in Program Awards in Fourth QuarterFiscal 2025 Actions Expected to Reposition Company for Growth in Fiscal 2026 Jon DeGaynor Appointed President, CEO and a Member of the Board of Directors CHICAGO, July 11, 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 fourth quarter and full year ended April 27, 2024. Fiscal Fourth Quarter 2024 Highlights Net sales were $277.3 millionElectric and hybrid vehicle applicatio

Methode Electronics to Announce Fourth Quarter Fiscal 2024 Results on Thursday, July 11, 2024 Seasoned CEO Brings Deep Experience in Engineered Products and Track Record of Driving Successful Strategic Transformation CHICAGO, June 25, 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 today that Jon DeGaynor has been appointed President, Chief Executive Officer (CEO) and a member of the Board of Directors, effective July 15, 2024. Mr. DeGaynor succeeds Kevin Nystrom, a partner and managing director at AlixPartners LLP, who has served

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 cash flow was $12.2 millionCompany purchased 130,592 shares of its common stock for $3.0 millionForward-looking guidance suspended Management CommentsPresident and Chief Executive Officer Avi Avula

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 by its President and Chief Executive Officer, Avi Avula, and Chief Financial Officer, Ronald L. G. Tsoumas, at 10:00 a.m. CST. To participate in the conference call, please dial 888-506-0062 (dome

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 European Automotive Reporting UnitsNet loss was $55.3 million, or $1.55 per diluted shareAdjusted net income was $2.4 million, or $0.06 per diluted shareThe impact of the UAW strike on earnings was

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 led by its President and Chief Executive Officer, Donald W. Duda, and Chief Financial Officer, Ronald L. G. Tsoumas, at 10:00 a.m. CST. To participate in the conference call, please dial 888-506-0

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 net income was $2.0 million, or $0.06 per diluted shareCompany was awarded programs with expected annual sales of over $70 million Management CommentsPresident and Chief Executive Officer Donald

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. Methode's Board of Directors, with the assistance of executive search firm Spencer Stuart, has already begun an external search process to identify Mr. Duda's successor. Mr. Duda has agreed to offer h

CHICAGO, Aug. 24, 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 first quarter fiscal 2024 results for the period ended July 29, 2023, on Thursday, September 7, 2023, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its President and Chief Executive Officer, Donald W. Duda, and Chief Financial Officer, Ronald L. G. Tsoumas, at 10:00 a.m. CDT. To participate in the conference call, please dial 888-506-0062

Record Electric and Hybrid Vehicle Application Sales in Fiscal Fourth QuarterStrong Cash Flow in Fiscal Fourth QuarterOver $250 Million in Program Awards in Fiscal Fourth QuarterNordic Lights Group Corporation Acquisition Nearing CompletionInvesting in Fiscal 2024 to Transition Further into Lighting and Power Solutions CHICAGO, June 22, 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 fourth quarter and full year of fiscal 2023 ended April 29, 2023. Fiscal Fourth Quarter 2023 Highlights Net sales were $301.

CHICAGO, June 12, 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, today announced preliminary, unaudited financial results for the fiscal year ended April 29, 2023, and provided a preliminary outlook for fiscal years 2024 and 2025. "We delivered a record year for sales, our sixth in a row," said Donald W. Duda, Methode Electronics President and Chief Executive Officer. "We expect lower sales and earnings in fiscal 2024 due to program roll-offs as well as market headwinds in commercial vehicles, data centers, and e-bikes. However, given the st

Record Electric and Hybrid Vehicle Application SalesStrong Free Cash Flow$8 Million in Share BuybacksAnnounced Cash Offer to Acquire Nordic Lights Group Corporation CHICAGO, March 09, 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 third quarter of fiscal 2023 ended January 28, 2023. Fiscal Third Quarter 2023 Highlights Net sales were $280.1 million, of which electric and hybrid vehicle applications were a record 24 percentCompared to the third quarter of fiscal 2022, net sales were down 3.9%. Excluding fo

CHICAGO, Feb. 24, 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 third quarter fiscal 2023 results for the period ended January 28, 2023, on Thursday, March 9, 2023, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its President and Chief Executive Officer, Donald W. Duda, and Chief Financial Officer, Ronald L. G. Tsoumas, at 10:00 a.m. CST. To participate in the conference call, please dial 888-506-0062

Record Sales of $316 MillionRecord Electric and Hybrid Vehicle Application SalesRecord Industrial Segment Sales of $104 Million$20 Million in Share Buybacks CHICAGO, Dec. 01, 2022 (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 2023 ended October 29, 2022. Fiscal Second Quarter 2023 Highlights Net sales were a record $315.9 million, of which electric and hybrid vehicle applications were 20 percentRecord Industrial segment net sales of $103.8 millionNet income was $27.6 million, or $0.75

CHICAGO, Nov. 17, 2022 (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 2023 results for the period ended October 29, 2022, on Thursday, December 1, 2022, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its President and Chief Executive Officer, Donald W. Duda, and Chief Financial Officer, Ronald L. G. Tsoumas, at 10:00 a.m. CST. To participate in the conference call, please dial 888-506-0

Record Industrial Segment Sales of $92 MillionOver $90 Million in Program AwardsFiscal 2023 Sales and Earnings Guidance Confirmed CHICAGO, Sept. 01, 2022 (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 2023 ended July 30, 2022. Fiscal First Quarter 2023 Highlights Net sales were $282.4 million, of which electric and hybrid vehicle applications were 17 percentRecord Industrial segment sales of $92.1 millionNet income was $21.5 million, or $0.58 per diluted shareCompany p

CHICAGO, Aug. 18, 2022 (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 first quarter fiscal 2023 results for the period ended July 30, 2022, on Thursday, September 1, 2022, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its President and Chief Executive Officer, Donald W. Duda, and Chief Financial Officer, Ronald L. G. Tsoumas, at 10:00 a.m. CDT. To participate in the conference call, please dial 888-506-

Strong Free Cash Flow in Fiscal Fourth QuarterOver $100 Million in Program Awards in Fiscal Fourth QuarterRecord Fiscal 2022 Net Sales of $1,164 Million3-Year Organic Sales Target Announced CHICAGO, June 23, 2022 (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 fourth quarter and full year of fiscal 2022 ended April 30, 2022. Fiscal Fourth Quarter 2022 Highlights Net sales were $288.7 million, of which electric and hybrid vehicle applications were 17 percentNet income was $16.2 million, or $0.43 per

CHICAGO, June 14, 2022 (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, today announced preliminary, unaudited financial results for the fiscal year ended April 30, 2022, and provided a preliminary outlook for fiscal year 2023. "We delivered a record year for sales, our fifth in a row," said Donald W. Duda, Methode Electronics President and Chief Executive Officer. "The Methode team continued to navigate market disruptions, supply chain constraints and other cost headwinds, but those challenges accelerated toward the end of the fourth quarter. As a

Record Electric and Hybrid Vehicle Application Sales$21 Million in Share BuybacksOver $100 Million in New Program Awards CHICAGO, March 03, 2022 (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 2022 ended January 29, 2022. Fiscal Third Quarter 2022 Highlights Net sales were $291.6 millionElectric and hybrid vehicle applications were a record 19 percent of net salesNet income was $29.4 million, or $0.78 per diluted share, and included $2.7 million of restructuring costs, or $0.07 per

CHICAGO, Feb. 17, 2022 (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 2022 results for the period ended January 29, 2022, on Thursday, March 3, 2022, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its President and Chief Executive Officer, Donald W. Duda, and Chief Financial Officer, Ronald L. G. Tsoumas, at 10:00 a.m. CST. To participate in the conference call, please dial 888-506-0062

Record Electric and Hybrid Vehicle Application SalesStrong Industrial Segment Sales$34.8 Million in Share Buybacks CHICAGO, Dec. 02, 2021 (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 2022 ended October 30, 2021. Fiscal Second Quarter 2022 Highlights Net sales were $295.5 millionElectric and hybrid vehicle applications were 16 percent of net sales, a record in dollarsNet income was $27.5 million, or $0.72 per diluted shareCompany purchased 807,516 shares of its common stock for $34.8

CHICAGO, Nov. 18, 2021 (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 2022 results for the period ended October 30, 2021, on Thursday, December 2, 2021, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its President and Chief Executive Officer, Donald W. Duda, and Chief Financial Officer, Ronald L. G. Tsoumas, at 10:00 a.m. CST. To participate in the conference call, please dial 888-506-0

Net Sales Up 51%Electric and Hybrid Vehicle Application Sales GrowthIncome from Operations Up 147%Continued Share Buyback CHICAGO, Sept. 02, 2021 (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 2022 ended July 31, 2021. Fiscal First Quarter 2022 Highlights Net sales were $287.8 millionElectric and hybrid vehicle applications were 16 percent of net salesIncome from operations was $34.1 millionNet income was $29.1 million, or $0.76 per diluted shareCompany purchased 157,513 shares of its c

CHICAGO, Aug. 19, 2021 (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 first quarter fiscal 2022 results for the period ended July 31, 2021, on Thursday, September 2, 2021, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its President and Chief Executive Officer, Donald W. Duda, and Chief Financial Officer, Ronald L. G. Tsoumas, at 10:00 a.m. CDT. To participate in the conference call, please dial 844-602-