Methode Electronics (MEI)

Methode Electronics, Inc. is a global developer of custom engineered and application specific products and solutions with manufacturing, design and testing facilities in Belgium, Canada, China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States. The company designs, manufactures and markets devices employing electrical, electronic, LED lighting, sensor, and radio remote control technologies. Its business is managed on a segment basis, with those segments being Automotive, Industrial, Interface and Medical.

Company profile

Ticker

MEI

Exchange

NYSE

Website

www.methode.com

CEO

Donald Duda

Incorporated

Delaware

Location

Illinois

Fiscal year end

Apr 30

Sector

Manufacturing > Electronic Connector Manufacturing

Industry (SIC)

Electronic Connectors

Amphenol • RF Industries • IEH ...

SEC CIK

0000065270

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

ABAS, Inc. • Active Energy • Advanced Molding and Decoration S.A. de C.V. • Alsentis LLC • BMAC Limited • Dabir Surfaces, Inc. • Floduval S.A. • Grakon Parent, Inc. • Grakon Intermediate Holdings, LLC • Grakon, LLC ...

IRS number

362090085

MEI stock data

1M 1Y 5Y

News

From Benzinga Pro

Stocks That Hit 52-Week Lows On Friday

1 Jul 22

On Friday, 319 stocks hit new 52-week lows.

Methode Electronics Earnings Perspective: Return On Capital Employed

28 Jun 22

According to Benzinga Pro, during Q4, Methode Electronics (NYSE:MEI) earned $16.20 million, a 44.9% increase from the preceding quarter. Methode Electronics's sales decreased to $288.70 million, a 0.99% change since Q3.

Methode Electronics Clocks 4% Revenue Decline In Q4 Due To Lower Sales Volumes In Auto Segment

23 Jun 22

Recap: Methode Electronics Q4 Earnings

23 Jun 22

Methode Electronics Q4 EPS $0.43 Misses $0.56 Estimate, Sales $288.70M Miss $289.48M Estimate

23 Jun 22

Press releases

From Benzinga Pro

NIRI Chicago Elects 2022-2023 Officers and Directors

29 Jun 22

The Chicago Chapter of the National Investor Relations Institute (NIRI Chicago) has elected 12 officers and directors to its board for the 2022-2023 term, effective July 1. "Over the past year, our chapter has been

Methode Electronics, Inc. Reports Fiscal 2022 Fourth Quarter and Full Year Financial Results

23 Jun 22

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

Methode Electronics' Board Approves Dividend and Authorizes $100 Million Increase to Existing Share Buyback Program

16 Jun 22

CHICAGO, June 16, 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, announced

Methode Electronics, Inc. Announces Preliminary Financial Results for Fiscal 2022

14 Jun 22

Analyst ratings and price targets

Last 3 months

Calendar

23 Jun 22

2 Jul 22

30 Apr 23

Financial summary

Financial statements Chart MEI financial data

Quarter (USD)	Apr 22	Jan 22	Oct 21	Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Apr 22	May 21	May 20	Apr 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	172M	172M	172M	172M	172M	172M
Cash burn (monthly)	(no burn)	5.1M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	10.71M	n/a	n/a	n/a	n/a
Cash remaining	n/a	161.29M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	31.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

MEI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Jun 22	Khoury Joseph Elias	Common Stock	Sell	Dispose S	No	No	38.55	8,000	308.4K	396,420
30 Apr 22	Amit N Patel	Common Stock	Payment of exercise	Dispose F	No	No	44.61	807	36K	7,000
29 Apr 22	Aspatore Walter J	Phantom Stock	Grant	Acquire A	Yes	No	44.61	9.36	417.55	2,992.61
29 Apr 22	Lindsey Mary A	Phantom Stock	Grant	Acquire A	Yes	No	44.61	9.36	417.55	2,992.61
29 Apr 22	Cadwallader Brian J	Phantom Stock	Grant	Acquire A	Yes	No	44.61	9.36	417.55	2,992.61

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

MEI institutional ownership history Ownership history

91.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	195	197	-1.0%
Opened positions	14	18	-22.2%
Closed positions	16	21	-23.8%
Increased positions	54	65	-16.9%
Reduced positions	90	69	+30.4%

13F shares	Current	Prev Q	Change
Total value	1.65B	1.91B	-13.3%
Total shares	35.05M	35.38M	-1.0%
Total puts	42.2K	48.4K	-12.8%
Total calls	4.9K	17.8K	-72.5%
Total put/call ratio	8.6	2.7	+216.7%

Largest owners	Shares	Value	Change
BLK Blackrock	6M	$259.39M	-2.1%
Vanguard	4.05M	$174.96M	+0.7%
Massachusetts Financial Services	2.21M	$95.61M	+69.0%
Dimensional Fund Advisors	2.03M	$87.66M	+2.3%
FMR	1.96M	$84.82M	-20.9%
LSV Asset Management	1.44M	$62.09M	-7.3%
STT State Street	1.35M	$58.22M	+0.9%
William Blair Investment Management	1.07M	$46.09M	+0.4%
Ariel Investments	1.05M	$45.43M	-2.8%
SAMG Silvercrest Asset Management	902.72K	$39.04M	-11.1%

Largest transactions	Shares	Bought/sold	Change
Massachusetts Financial Services	2.21M	+902.74K	+69.0%
FMR	1.96M	-518.69K	-20.9%
Norges Bank	0	-404.71K	EXIT
Deprince Race & Zollo	677.07K	+360.43K	+113.8%
Earnest Partners	251.26K	+251.26K	NEW
IVZ Invesco	247.31K	-197.04K	-44.3%
BLK Blackrock	6M	-128.27K	-2.1%
First Trust Advisors	146.55K	-121.71K	-45.4%
LSV Asset Management	1.44M	-113.68K	-7.3%
WHG Westwood	760.51K	+113.6K	+17.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Stoneridge

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: advertising, affirming, analogy, buyback, certiorari, Circuit, commensurate, concentrated, concentration, CRSP, cyberwarfare, disclaim, Dow, driven, EMEA, exacerbate, extraterritorial, Fabrinet, hearing, ID, inflationary, Interbank, invaded, invasion, largest, opposed, Overnight, Patrick, permissible, petition, population, premium, receipt, recruitment, Russia, saving, slower, SOFR, Solicitor, standing, Supreme, Suzhou, Ukraine, vaccinated

Removed: ambient, apply, deemed, direction, diversify, expand, Ford, forma, GILTI, Grakon, headquartered, important, methodology, modification, Motor, noted, overhead, Parent, prepaid, pro, registration, relation, revalued, SAB, safe, Seattle, software, spending, styled, Washington

From filing 10-K 2022 FY

Financial reports

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