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MEI Methode Electronics

Methode Electronics is an American Multinational company headquartered in Chicago, Illinois, with Engineering, Manufacturing and Sales Operations in more than 35 locations in 14 countries. The company employs around 4,566 people worldwide.

Company profile

Ticker
MEI
Exchange
CEO
Donald Duda
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
362090085

MEI stock data

(
)

Calendar

4 Mar 21
19 Jun 21
1 May 22
Quarter (USD)
Jan 21 Oct 20 Jul 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
May 20 Apr 19 Apr 18 Apr 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 218.7M 218.7M 218.7M 218.7M 218.7M 218.7M
Cash burn (monthly) 7.87M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 36.69M n/a n/a n/a n/a n/a
Cash remaining 182.01M n/a n/a n/a n/a n/a
Runway (months of cash) 23.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 May 21 Amit N Patel Common Stock Payment of exercise Dispose F No No 44.93 493 22.15K 4,607
22 Mar 21 Dawson Darren Common Stock Sell Dispose S No No 42.61 9,000 383.49K 10,000
18 Mar 21 Timothy Glandon Common Stock Discretionary Dispose I Yes No 45.66 1,079 49.27K 0
18 Mar 21 Timothy Glandon Common Stock Sell Dispose S No No 45.65 12,000 547.8K 30,000
18 Mar 21 Timothy Glandon Common Stock Option exercise Aquire M No No 37.01 12,000 444.12K 42,000
12 Mar 21 Duda Donald W Common Stock Sell Dispose S No No 45.39 13,979 634.51K 1,234,403
10 Mar 21 Duda Donald W Common Stock Discretionary Dispose I Yes No 45.49 36,811 1.67M 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

90.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 206 209 -1.4%
Opened positions 31 37 -16.2%
Closed positions 34 21 +61.9%
Increased positions 71 60 +18.3%
Reduced positions 66 77 -14.3%
13F shares
Current Prev Q Change
Total value 1.46B 1.35B +8.2%
Total shares 34.74M 35.2M -1.3%
Total puts 37.8K 21.6K +75.0%
Total calls 51K 63K -19.0%
Total put/call ratio 0.7 0.3 +116.2%
Largest owners
Shares Value Change
BLK Blackrock 6.57M $275.93M +8.9%
Vanguard 3.93M $165.13M +2.7%
Dimensional Fund Advisors 1.98M $83.12M -2.6%
LSV Asset Management 1.83M $76.73M +0.9%
SAMG Silvercrest Asset Management 1.25M $52.36M -19.9%
STT State Street 1.24M $52.13M +4.4%
Massachusetts Financial Services 1.18M $49.7M +3.7%
Investment Counselors Of Maryland 1.09M $45.85M +3.7%
Ariel Investments 1.03M $43.18M +0.3%
Neumeier Poma Investment Counsel 756.99K $31.78M 0.0%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 6.57M +536.26K +8.9%
Norges Bank 0 -503.8K EXIT
SAMG Silvercrest Asset Management 1.25M -310.8K -19.9%
Royce & Associates 354.61K -298.3K -45.7%
Clark Capital Management 530.18K -288.21K -35.2%
Allianz Asset Management GmbH 32.38K -236.27K -87.9%
Wellington Management 142.8K +142.8K NEW
Deprince Race & Zollo 245.93K +120.7K +96.4%
NFJ Investment 111.93K +111.93K NEW
Vanguard 3.93M +105.03K +2.7%

Financial report summary

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Competition
Stoneridge
Risks
  • The effects of a pandemic or widespread outbreak of an illness, such as the COVID-19 pandemic, has had and could continue to have a material adverse impact on our business, results of operations and financial condition.
  • We derive a substantial portion of our revenues from customers in the automotive, commercial vehicle, appliance, computer and communications industries and are susceptible to trends and factors affecting those industries, including the COVID-19 pandemic.
  • Our business is dependent on sales to GM and Ford. If we were to lose either of these customers or experienced a significant decline in the volume or price of products purchased by these customers, or if either of the customers declared bankruptcy, our future results could be adversely affected.
  • International trade disputes could result in tariffs and other protectionist measures that could adversely affect our business.
  • Any changes in U.S. trade policy could trigger retaliatory actions by affected countries, resulting in "trade wars."
  • Our inability, or our customers' inability, to effectively manage the timing, quality and cost of new program launches could adversely affect our financial performance.
  • Failure to attract and retain qualified personnel could affect our results.
  • Our Dabir Surfaces medical device products are emerging technologies. Our ability to successfully market and sell these products will depend on acceptance by the medical community.
  • A significant fluctuation between the U.S. dollar and other currencies could adversely impact our results of operations and financial condition.
  • A significant portion of our business activities are conducted in foreign countries, exposing us to additional risks that may not exist in the United States.
  • Our business is subject to costs associated with environmental, health and safety regulations.
  • Should a catastrophic event or other significant business interruption occur at any of our facilities, we could face significant reconstruction or remediation costs, penalties, third party liability and loss of production capacity, which could adversely affect our business.
  • Impairment charges relating to our goodwill and long-lived assets could adversely affect our financial statements.
  • Our inability to capitalize on prior or future acquisitions or any decision to strategically divest one or more current businesses may adversely affect our business.
  • Our ability to market our automotive and commercial vehicle products is subject to a lengthy sales cycle, which requires significant investment prior to significant sales revenues, and there is no assurance that our products will be implemented in any particular vehicle.
  • We are dependent on the availability and price of materials.
  • Disruption of our supply chain could have an adverse effect on our business, financial condition and results of operations.
  • Our judgments regarding the accounting for tax positions and the resolution of tax disputes may impact our results of operations and financial condition.
  • Changes in our effective tax rate may adversely impact our results of operations.
  • We may be unable to keep pace with rapid technological changes, which could adversely affect our business.
  • Products we manufacture may contain design or manufacturing defects that could result in reduced demand for our products or services and liability claims against us.
  • Reorganization activities may lead to additional costs and material adverse effects.
  • Our technology-based businesses and the markets in which we operate are highly competitive. If we are unable to compete effectively, our sales could decline.
  • If we are unable to protect our intellectual property or we infringe, or are alleged to infringe, on another person’s intellectual property, our business, financial condition and operating results could be materially adversely affected.
  • We cannot guarantee that the recently acquired Grakon businesses will be successful or that we can implement and profit from any new applications of the acquired technology.
  • Performance-based stock awards under our long-term incentive plan have required significant adjustments to compensation expense in our consolidated statements of income. Any future performance-based stock awards issued under our long-term incentive plan could require similar adjustments. The adjustments could be material our financial statements.
  • We have incurred a significant amount of indebtedness, and our level of indebtedness and restrictions under our indebtedness could adversely affect our operations and liquidity. The COVID-19 pandemic could also adversely impact our liquidity.
  • The replacement or modification of LIBOR as a reference rate could increase our interest expense in the future.
Management Discussion
  • A detailed comparison of our results of operations between fiscal 2019 and fiscal 2018 can be found in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our fiscal 2019 Annual Report on Form 10-K filed with the SEC on June 20, 2019.
  • Results of Operations for the Fiscal Year Ended May 2, 2020 compared to the Fiscal Year Ended April 27, 2019.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: accelerated, announced, breakeven, chip, Coast, contingency, contingently, critical, factory, fashion, forward, freight, functional, Gulf, hold, lesser, petrochemical, premium, rapidly, reallocate, remeasurement, resin, resolved, semiconductor, shifted, shortage, slowdown, speculative, surge, unfavorable, unrealized, worsen
Removed: hypothetical, light, move, opposite, sensitivity

Patents

APP
Utility
Joystick Comprising a Lever and a Housing
10 Jun 21
A joystick has a lever and a housing.
GRANT
Utility
Towing systems and methods using magnetic field sensing
25 May 21
A magneto-elastically-based active force sensor, used with a tow coupling between a towed and a towing vehicle or a coupling between a vehicle body and a suspension of the vehicle, which outputs a signal useful for determining forces acting on the coupling.
APP
Utility
Electronic Acceleromter-based Tilt Switch for Vehicles
20 May 21
An electronic accelerometer-based tilt switch for vehicles is capable of controlling the state of an electrical circuit according to the angle of inclination of the switch, for example to control power to a lamp.
GRANT
Utility
Locking bracket for vehicle accessory
23 Mar 21
A locking bracket for a vehicle accessory that has a main portion and a secondary portion, the main portion is configured to position the vehicle accessory in an operating position and includes opposite first and second faces extending between opposite ends, a spring leaf extending from the first face, first and second ribs extending from the second face, the first and second ribs being spaced from one another and having cooperating geometry to provide force to the spring leaf, at least first and second hinges separated by a distance, the first rib being located between the first and second hinges, and a locking mechanism provided on at least one of the ends, the locking mechanism being configured to maintain the vehicle accessory in the operating position.
GRANT
Utility
Magnetoelastic based sensor assembly
9 Mar 21
The invention provides a sensor assembly for force sensing, the sensor assembly comprising: a first portion having a first and a second through hole, a second portion having a third and fourth through hole, and a first pin and a second pin coupling the first portion to the second portion.