Methode Electronics

Methode Electronics, Inc. engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface, Industrial, and Medical. The Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, construction, consumer, material handling, medical, military, mining, point-of-sale, and telecommunications markets. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars, and devices. The Medical segment refers to the medical device business. The company was founded by William Joseph McGinley in 1946 and is headquartered in Chicago, IL.

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MEI reports record sales in fiscal 2023, anticipates growth in EV market

MEI achieved record sales in fiscal 2023, particularly in the EV market, but faced challenges with declining profitability. The company's outlook for fiscal 2025 shows potential for significant organic growth, presenting opportunities for future expansion.

Methode Electronics faces operational challenges but secures significant EV programs

Methode Electronics faced operational challenges impacting earnings, leading to a decrease in full-year sales guidance. However, the company secured significant EV programs and remains confident in addressing operational issues. The decision to discontinue the Dabir business reflects a strategic move to address scalability and expense issues.

Methode Electronics reports resilient Q3 sales growth and strategic investments

Methode Electronics demonstrated resilience with sales growth despite challenges, driven by the Industrial segment and EV market focus.
Maintained financial strength with increased free cash flow, decreased debt, and revised revenue guidance upwards.
Facing challenges in data centers and commercial vehicles, but pursuing opportunities in EVs and LED lighting solutions.
Strategic investments and commitment to organic growth targets position the company for sustainable performance.
Client takeaway: Methode Electronics shows promise in navigating challenges and leveraging opportunities for future growth.

Methode Electronics reports record sales and strong EV focus

Methode Electronics delivered solid financial performance with a focus on EV programs and cash flow generation. Despite challenges from cost increases and debt due to acquisitions, the company is strategically positioned for growth with a strong sales outlook and opportunities in key markets.

Methode Electronics faces Q1 challenges, eyes EV growth opportunities

Methode Electronics faced operational challenges impacting earnings and revised full-year guidance downward. The company is strategically focusing on EV and sensors, discontinuing non-scalable businesses. Despite challenges, there are opportunities for growth in electric vehicle programs.

Methode Electronics navigates challenges, focuses on EV programs for growth

Methode Electronics faced sales challenges in Q2 due to various factors impacting earnings. Despite operational inefficiencies and debt increase, the company is focusing on EV programs and operational improvements for future growth and positive cash flow in fiscal '25.

Methode Electronics reports Q3 loss, focuses on restoring profitability

Methode Electronics faced a challenging quarter with declining sales, operational inefficiencies, and a net loss. The company is focused on restoring profitability through cost reduction and operational effectiveness. Avi Avula's leadership priorities aim to build a sustainable future for Methode based on its current foundation.

Methode Electronics reports Q4 loss, eyes EV growth and cost efficiency

Methode Electronics faced challenges in Q4 2024 with a sales decline and operational inefficiencies, leading to a net loss, but maintained a strong cash position and reduced net debt.
The company's focus on profitability improvement, cost reduction, and debt reduction for fiscal 2025, along with positive guidance for fiscal '26, signals a strategic turnaround effort.
Despite near-term hurdles, Methode Electronics is poised for growth with opportunities in the EV market, ongoing cost-saving initiatives, and a commitment to financial stability.

Methode Electronics reports Q1 loss, eyes growth through program launches

Methode Electronics navigated challenges in Q1 2025 with a focus on program launches and EV sales growth.
Despite headwinds in key markets, the company remains optimistic about achieving profitability in fiscal 2026.
Addressing inventory issues and optimizing operations are key priorities for sustaining growth and improving financial performance.

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NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 25, 2024 to file lead plaintiff applications in a securities class action lawsuit against Methode Electronics, Inc. (NYSE: MEI), if they purchased the Company's shares between June 23, 2022 and March 6, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Nor.

METHODE ELECTRONICS SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Methode Electronics, Inc. - MEI

NEW YORK--(BUSINESS WIRE)---- $MEI #MEI--Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of all purchasers of common stock of Methode Electronics, Inc. (NYSE: MEI) between June 23, 2022 and March 6, 2024. Methode describes itself as a company that “design[s], engineer[s], and produce[s] mechatronic products for OEMs utilizing our broad range of technologies for user interface, LED lighting system, power distribution and sensor applications.” For.

Rosen Law Firm Urges Methode Electronics, Inc. (NYSE: MEI) Stockholders to Contact the Firm for Information About Their Rights

LOS ANGELES, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the common stock of Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) between June 23, 2022 and March 6, 2024, inclusive (the “Class Period”). For more information, submit a form at Methode Electronics, Inc. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, or call us at (212) 951-2030.

METHODE ELECTRONICS, INC. (NYSE: MEI) INVESTOR ALERT: Investors With Large Losses in Methode Electronics, Inc. Should Contact Bernstein Liebhard LLP To Discuss Their Rights

ATLANTA, Aug. 27, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Methode Electronics, Inc. (“Methode” or “the Company”) (NYSE: MEI). The lawsuit alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (a) the Company had lost highly skilled and experienced employees during the COVID-19 pandemic necessary to successfully complete the Company's transition from its historic low mix, high volume production model to a high mix, low production model at its Monterrey facility; (b) Methode's attempts to replace its GM center console production with more diversified, specialized products for a wider array of vehicle manufacturers and OEMS, in particular in the EV space, had been plagued by production planning deficiencies, inventory shortages, vendor and supplier problems, and, ultimately, botched execution of the Company's strategic plans; (c) the Company's manufacturing systems at its critical Monterrey facility suffered from a variety of logistical defects, such as improper system coding, shipping errors, erroneous delivery times, deficient quality control systems, and failures to timely and efficiently procure necessary raw materials; (d) Methode had fallen substantially behind on the launch of new EV programs out of its Monterrey facility, preventing the Company from timely receiving revenue from new EV program awards; and (e) as a result of (a)-(d) above, Methode was not on track to achieve the 2023 diluted EPS guidance or the 3-year 6% organic sales CAGR represented to investors and such estimates lacked a reasonable factual basis.

SHAREHOLDER ALERT: Class Action Lawsuit Filed on Behalf of Methode Electronics, Inc. (MEI) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm

SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements concerning Methode business and prospects, resulting in its stock trading at inflated prices.

MEI INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Methode Electronics, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Class Action Lawsuit

SAN DIEGO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Methode Electronics, Inc. (NYSE: MEI) common stock between June 23, 2022 and March 6, 2024, both dates inclusive (the “Class Period”), have until October 25, 2024 to seek appointment as lead plaintiff of the Methode Electronics class action lawsuit. Captioned Salem v. Methode Electronics, Inc., No. 24-cv-07696 (N.D. Ill.), the Methode Electronics class action lawsuit charges Methode Electronics and certain of Methode Electronics' top former executive officers with violations of the Securities Exchange Act of 1934.

MEI INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Methode Electronics, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead the Methode Electronics Class Action Lawsuit

CHICAGO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced it will release its first quarter fiscal 2025 results for the period ended July 27, 2024, on Thursday, September 5, 2024, before the market opens.

Methode Electronics to Announce First Quarter Fiscal 2025 Results on Thursday, September 5, 2024

SAN DIEGO , Aug. 9, 2024 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Methode Electronics, Inc. ("Methode" or the "Company") (NYSE: MEI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.

Have you Lost Money in Methode Electronics? Contact Johnson Fistel to Learn More About Potentially Recovering Your Losses

SAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.

Methode Electronics: Johnson Fistel has Commenced a Class Action Investigation Following Significant News

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NEW YORK and CHICAGO , Aug. 2, 2024 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that is investigating potential claims against Methode Electronics, Inc. ("Methode" or the "Company") (NYSE: MEI). The investigation focuses on whether the Company issued false and/or misleading statements and/or did not disclose information pertinent to investors.

Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating Methode Electronics, Inc. for potential violations of federal securities laws

LOS ANGELES, CA / ACCESSWIRE / July 31, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Methode Electronics, Inc. ("Methode" or "the Company") (NYSE:MEI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

MEI Investors Can Join The Methode Electronics Inc Securities Fraud Investigation With The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / July 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Methode Electronics, Inc. ("Methode" or "the Company") (NYSE:MEI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

MEI Investors Can Participate In The Methode Electronics, Inc. Securities Fraud Investigation With The Schall Law Firm

NEW YORK, July 19, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) on behalf of Methode stockholders. Our investigation concerns whether Methode has violated the federal securities laws and/or engaged in other unlawful business practices.

METHODE ALERT: Bragar Eagel & Squire, P.C. is Investigating Methode Electronics, Inc. on Behalf of Methode Stockholders and Encourages Investors to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Methode investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Investigation of Methode Electronics, Inc. (MEI) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) investors concerning the Company's possible violations of federal securities laws. On July 14, 2023, Methode announced that its Chief Operating Officer, Joseph Khoury, had been placed on leave and that his “powers, authority and duties . . . were suspended.” Then, on December 7, 2023, Methode disclosed that Khoury had been ter.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Methode Electronics, Inc. (MEI) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On July 14, 2023, Methode announced that its Chief Operating Officer, Joseph Khoury, had been placed on leave and that his “powers, authority and duties . . . were suspe.

The Law Offices of Frank R. Cruz Continues Investigation of Methode Electronics, Inc. (MEI) on Behalf of Investors

Methode Electronics, Inc. (NYSE:MEI ) Q4 2024 Earnings Call Transcript July 11, 2024 11:00 AM ET Company Participants Robert Cherry - VP of IR Kevin Nystrom - Interim CEO Ron Tsoumas - CFO Conference Call Participants Luke Junk - Baird Saree Boroditsky - Jefferies Gary Prestopino - Barrington Research Operator Good day, and welcome to the Methode Electronics Fourth Quarter Fiscal 2024 Results Conference Call. At this time, all participants are in a listen-only mode.

Methode Electronics, Inc. (MEI) Q4 2024 Earnings Call Transcript

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U.S. stocks traded mostly lower toward the end of trading, with the Nasdaq Composite dipping 2% on Thursday.

Gold Rises Sharply; Methode Electronics Shares Spike Higher

Methode (MEI) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to earnings of $0.21 per share a year ago.

Methode (MEI) Reports Q4 Loss, Tops Revenue Estimates

SAN DIEGO , July 3, 2024 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Methode Electronics, Inc. ("Methode" or the "Company") (NYSE: MEI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws.

Legal Alert: Johnson Fistel has Commenced a Class Action Investigation Following Significant News

Methode Electronics to Announce Fourth Quarter  Fiscal 2024 Results on Thursday, July 11, 2024

Methode Electronics Appoints Jon DeGaynor as President and CEO

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NEW YORK, NY / ACCESSWIRE / June 9, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Methode Electronics Inc. ("Methode" or the "Company") (NYSE:MEI). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Methode Electronics Inc. - MEI

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