Methode Electronics (MEI)
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About
Business overview of Methode Electronics (MEI)
Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized into various business segments: Automotive, Industrial, Interface, and Medical. The Automotive segment which generates maximum revenue, supplies electronic and electro-mechanical devices and related products to automobiles. The products manufactured in the automotive segment include overhead and center consoles, hidden and ergonomic switches, insert molded components, LED-based lighting, and sensors. Geographically, the company generates maximum revenue from North America and the rest from Europe, the Middle East & Africa (EMEA), and Asia.
Key Insights
Critical company metrics and information
Share Price
$11.32Market Cap
$398.97 MillionTotal Outstanding Shares
35.25 Million SharesTotal Employees
7,500Dividend
$0.14 Per Share QuarterlyIPO Date
July 1, 1985SIC Description
Electronic ConnectorsHomepage
https://www.methode.com
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
July 28, 2023 to July 27, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Investing Activities | $-17.30 Million |
| Exchange Gains/Losses | $-3.70 Million |
| Net Cash Flow From Financing Activities, Continuing | $-79.60 Million |
| Net Cash Flow From Operating Activities | $64.00 Million |
| Net Cash Flow From Operating Activities, Continuing | $64.00 Million |
| Net Cash Flow, Continuing | $-32.90 Million |
| Net Cash Flow | $-36.60 Million |
| Net Cash Flow From Financing Activities | $-79.60 Million |
| Net Cash Flow From Investing Activities, Continuing | $-17.30 Million |
Income Statement
July 28, 2023 to July 27, 2024
| Metric | Value |
|---|---|
| Preferred Stock Dividends And Other Adjustments | $0.00 |
| Selling, General, and Administrative Expenses | $162.60 Million |
| Diluted Earnings Per Share | $4.02 |
| Operating Expenses | $292.70 Million |
| Diluted Average Shares | $106.33 Million |
| Net Income/Loss | $-142.50 Million |
| Other Operating Expenses | $81.00 Million |
| Net Income/Loss Attributable To Parent | $-142.50 Million |
| Gross Profit | $169.40 Million |
| Interest Income/Expense Operating, Net | $-18.70 Million |
| Income/Loss From Continuing Operations Before Tax | $-142.20 Million |
| Operating Income/Loss | $-123.30 Million |
| Nonoperating Income/Loss | $200000.00 |
| Income Tax Expense/Benefit | $300000.00 |
| Basic Earnings Per Share | $4.02 |
| Interest Income/Expense After Provision For Losses | $-18.70 Million |
| Net Income/Loss Attributable To Noncontrolling Interest | $0.00 |
| Costs And Expenses | $1.23 Billion |
| Benefits Costs and Expenses | $1.23 Billion |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
| Cost Of Revenue | $913.90 Million |
| Provision For Loan, Lease, And Other Losses | $0.00 |
| Income/Loss From Continuing Operations After Tax | $-142.50 Million |
| Net Income/Loss Available To Common Stockholders, Basic | $-142.50 Million |
| Common Stock Dividends | $0.56 |
| Revenues | $1.08 Billion |
| Basic Average Shares | $106.33 Million |
Balance Sheet
July 28, 2023 to July 27, 2024
| Metric | Value |
|---|---|
| Long-term Debt | $296.00 Million |
| Equity | $744.40 Million |
| Equity Attributable To Noncontrolling Interest | $0.00 |
| Current Liabilities | $260.80 Million |
| Liabilities | $633.50 Million |
| Inventory | $219.90 Million |
| Noncurrent Liabilities | $372.70 Million |
| Current Assets | $611.80 Million |
| Fixed Assets | $213.80 Million |
| Noncurrent Assets | $766.10 Million |
| Other Non-current Assets | $300.10 Million |
| Equity Attributable To Parent | $744.40 Million |
| Liabilities And Equity | $1.38 Billion |
| Other Current Assets | $391.90 Million |
| Other Current Liabilities | $63.40 Million |
| Assets | $1.38 Billion |
| Other Non-current Liabilities | $76.70 Million |
| Intangible Assets | $252.20 Million |
| Accounts Payable | $161.10 Million |
| Wages | $36.30 Million |
Historical Dividends
Current dividend: $0.14 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Sep 11, 2024 | Nov 1, 2024 | Oct 18, 2024 | $0.14 | Quarterly |
| Jun 13, 2024 | Jul 26, 2024 | Jul 12, 2024 | $0.14 | Quarterly |
| Mar 14, 2024 | Apr 26, 2024 | Apr 12, 2024 | $0.14 | Quarterly |
| Dec 6, 2023 | Jan 26, 2024 | Jan 12, 2024 | $0.14 | Quarterly |
| Sep 13, 2023 | Oct 27, 2023 | Oct 13, 2023 | $0.14 | Quarterly |
| Jun 15, 2023 | Jul 28, 2023 | Jul 14, 2023 | $0.14 | Quarterly |
| Mar 16, 2023 | Apr 28, 2023 | Apr 14, 2023 | $0.14 | Quarterly |
| Dec 15, 2022 | Jan 27, 2023 | Jan 13, 2023 | $0.14 | Quarterly |
| Sep 14, 2022 | Oct 28, 2022 | Oct 14, 2022 | $0.14 | Quarterly |
| Jun 16, 2022 | Jul 29, 2022 | Jul 15, 2022 | $0.14 | Quarterly |
| Mar 17, 2022 | Apr 29, 2022 | Apr 14, 2022 | $0.14 | Quarterly |
| Dec 9, 2021 | Jan 28, 2022 | Jan 14, 2022 | $0.14 | Quarterly |
| Sep 15, 2021 | Oct 29, 2021 | Oct 15, 2021 | $0.14 | Quarterly |
| Jun 17, 2021 | Jul 30, 2021 | Jul 16, 2021 | $0.14 | Quarterly |
| Mar 18, 2021 | Apr 30, 2021 | Apr 16, 2021 | $0.11 | Quarterly |
| Dec 14, 2020 | Jan 29, 2021 | Jan 15, 2021 | $0.11 | Quarterly |
| Sep 16, 2020 | Oct 30, 2020 | Oct 16, 2020 | $0.11 | Quarterly |
| Jun 18, 2020 | Jul 31, 2020 | Jul 17, 2020 | $0.11 | Quarterly |
| Mar 19, 2020 | May 1, 2020 | Apr 17, 2020 | $0.11 | Quarterly |
| Dec 11, 2019 | Jan 31, 2020 | Jan 17, 2020 | $0.11 | Quarterly |
| Sep 12, 2019 | Oct 25, 2019 | Oct 11, 2019 | $0.11 | Quarterly |
| Jun 13, 2019 | Jul 26, 2019 | Jul 12, 2019 | $0.11 | Quarterly |
| Mar 15, 2019 | Apr 26, 2019 | Apr 12, 2019 | $0.11 | Quarterly |
| Dec 13, 2018 | Jan 25, 2019 | Jan 11, 2019 | $0.11 | Quarterly |
| Sep 13, 2018 | Oct 26, 2018 | Oct 12, 2018 | $0.11 | Quarterly |
| Jun 14, 2018 | Jul 27, 2018 | Jul 13, 2018 | $0.11 | Quarterly |
| Mar 15, 2018 | Apr 27, 2018 | Apr 13, 2018 | $0.11 | Quarterly |
| Dec 15, 2017 | Jan 26, 2018 | Jan 12, 2018 | $0.11 | Quarterly |
| Sep 14, 2017 | Oct 27, 2017 | Oct 13, 2017 | $0.09 | Quarterly |
| Jun 15, 2017 | Jul 28, 2017 | Jul 14, 2017 | $0.09 | Quarterly |
| Mar 16, 2017 | Apr 28, 2017 | Apr 14, 2017 | $0.09 | Quarterly |
| Dec 15, 2016 | Jan 27, 2017 | Jan 13, 2017 | $0.09 | Quarterly |
| Sep 15, 2016 | Oct 28, 2016 | Oct 14, 2016 | $0.09 | Quarterly |
| Jun 16, 2016 | Jul 29, 2016 | Jul 15, 2016 | $0.09 | Quarterly |
| Mar 16, 2016 | Apr 29, 2016 | Apr 15, 2016 | $0.09 | Quarterly |
| Dec 17, 2015 | Jan 29, 2016 | Jan 15, 2016 | $0.09 | Quarterly |
| Sep 17, 2015 | Oct 30, 2015 | Oct 16, 2015 | $0.09 | Quarterly |
| Jun 18, 2015 | Jul 31, 2015 | Jul 17, 2015 | $0.09 | Quarterly |
| Mar 19, 2015 | Apr 29, 2015 | Apr 15, 2015 | $0.09 | Quarterly |
| Dec 5, 2014 | Jan 30, 2015 | Jan 16, 2015 | $0.09 | Quarterly |
| Sep 18, 2014 | Oct 31, 2014 | Oct 17, 2014 | $0.09 | Quarterly |
| Jun 19, 2014 | Aug 1, 2014 | Jul 18, 2014 | $0.09 | Quarterly |
| Mar 13, 2014 | May 2, 2014 | Apr 18, 2014 | $0.09 | Quarterly |
| Dec 12, 2013 | Jan 31, 2014 | Jan 17, 2014 | $0.07 | Quarterly |
| Sep 12, 2013 | Oct 25, 2013 | Oct 11, 2013 | $0.07 | Quarterly |
| Jun 14, 2013 | Jul 26, 2013 | Jul 12, 2013 | $0.07 | Quarterly |
| Mar 15, 2013 | Apr 26, 2013 | Apr 12, 2013 | $0.07 | Quarterly |
| Dec 4, 2012 | Dec 21, 2012 | Dec 14, 2012 | $0.07 | Quarterly |
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