Methode Electronics Inc (MEI) Faces Net Loss in Q3 Despite Positive Free Cash Flow [Yahoo! Finance]
Methode Electronics, Inc. (MEI)
Last methode electronics, inc. earnings: 3/5 07:00 am
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Source: Yahoo! Finance
Free Cash Flow : Achieved a positive free cash flow of $12.2 million. Stock Repurchase : Company repurchased 130,592 shares for $3.0 million. Debt Position : Debt increased to $331.3 million, with net debt rising to $208.4 million. Guidance : Forward-looking guidance has been suspended due to market and operational challenges. Warning! GuruFocus has detected 6 Warning Signs with MEI. On March 7, 2024, Methode Electronics Inc ( NYSE:MEI ), a global supplier of custom-engineered solutions for various applications, released its 8-K filing detailing the financial results for the third quarter of fiscal year 2024, which ended January 27, 2024. The company reported a decrease in net sales to $259.5 million, down from $280.1 million in the same quarter of the previous fiscal year. The net loss stood at $11.6 million, or $0.33 per diluted share, a significant downturn from the net income of $19.9 million, or $0.54 per diluted share, reported in the prior year's comparable quarter.
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MEI
News
- Methode Electronics, Inc. (NYSE: MEI) is now covered by analysts at Jefferies Financial Group Inc.. They set a "hold" rating and a $12.00 price target on the stock.MarketBeat
- Methode Electronics Announces CFO Transition Plan [Yahoo! Finance]Yahoo! Finance
- Methode Electronics Announces CFO Transition PlanGlobeNewswire
- Methode Electronics' (NYSE:MEI) Dividend Will Be $0.14 [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Methode Electronics Inc. - MEIGlobeNewswire
MEI
Earnings
- 3/7/24 - Miss
MEI
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- MEI's page on the SEC website