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Methode Electronics, Inc. Reports Fiscal 2018 Second-Quarter Sales and Earnings

METHODE ELECTRONICS (MEI)  More Company Research Source: GlobeNewswire
Last methode electronics earnings: 6/21 06:30 am Check Earnings Report
US:NYSE Investor Relations: methode.com/about/investor-relations.html
PDF CHICAGO, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a global developer of custom engineered and application specific products and solutions, announced financial results for the second quarter and first half of Fiscal 2018 ended October 28, 2017. Second Quarter Fiscal 2018Methode's second-quarter Fiscal 2018 net sales increased $20.8 million, or 9.9 percent, to $230.1 million from $209.3 million in the same quarter of Fiscal 2017. Year over year, currency rate fluctuations increased net sales $2.4 million. The second quarter of Fiscal 2018 includes net sales from new acquisitions in the Automotive segment of $7.0 million from Pacific Insight and $9.1 million from Procoplast. Net income decreased $0.7 million to $24.2 million, or $0.64 per share, in the second quarter of Fiscal 2018 from $24.9 million, or $0.66 per share, in the same period of Fiscal 2017. Year over year, Fiscal 2018 second-quarter net income was negatively affected by: acquisition-rel [Read more]

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