Methode Electronics, Inc. Reports Fiscal 2019 Third-Quarter Sales and Earnings
Methode Electronics, Inc. (MEI)
Last methode electronics, inc. earnings: 3/5 07:00 am
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Source: GlobeNewswire
CHICAGO, March 07, 2019 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom-engineered and application-specific products and solutions, announced financial results for the third quarter of Fiscal 2019 ended January 26, 2019. Third Quarter Fiscal 2019Methode's third-quarter Fiscal 2019 net sales increased $18.9 million, or 8.3 percent, to $246.9 million from $228.0 million in the same quarter of Fiscal 2018. Year over year, currency rate fluctuations decreased net sales $2.2 million. GAAP net income increased $55.0 million to $30.7 million, or $0.82 per share, in the third quarter of Fiscal 2019 from a loss of $24.3 million, or a loss of $0.65 per share, in the same period of Fiscal 2018. Adjusted net income, a non-GAAP financial measure, increased to $31.3 million, or $0.83 per share, in the third quarter of Fiscal 2019 from $27.5 million, or $0.74 per share, in the same period of Fiscal 2018. Adjusted net income excludes expenses for initiativ
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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
- 4/8/24 - Form 8-K
- 3/7/24 - Form 8-K
- 3/7/24 - Form 10-Q
- MEI's page on the SEC website