Methode Electronics Expects FY25 Net Sales To Be Similar To FY24 Of $1.115B Vs $1.044B Est And FY26 Net Sales Greater Than FY25 Net Sales

7/11/24 7:05:22 AM ET

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Guidance

For fiscal 2025, the company expects net sales to be similar to fiscal 2024 and adjusted pre-tax income to be approaching breakeven. The adjusted pre-tax income for the second half of fiscal 2025 is expected to be significantly stronger than the first half, with the first quarter of fiscal 2025 being similarly negative as the fourth quarter of fiscal 2024. For fiscal 2026, the company expects net sales to be greater than fiscal 2025 and pre-tax income to be positive and notably greater than fiscal 2025.

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Recent Analyst Ratings for
$MEI

Date	Price Target	Rating	Analyst
4/9/2024	$12.00	Hold	Jefferies
3/7/2024	$17.00	Buy → Neutral	Sidoti
11/22/2022	$52.00	Buy	Jefferies
1/20/2022		Mkt Perform	Barrington Research

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Methode Electronics to Announce Second Quarter Fiscal 2025 Results on Thursday, December 5, 2024
CHICAGO, Nov. 21, 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 second quarter fiscal 2025 results for the period ended November 2, 2024, on Thursday, December 5, 2024, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its President and Chief Executive Officer, Jon DeGaynor, and Chief Financial Officer, Laura Kowalchik, at 10:00 a.m. CST. To participate in the conference call, please dial 888-506-0062
11/21/24 4:05:00 PM ET
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Methode Electronics Appoints Lars Ullrich as Senior Vice President, Global Automotive Business
CHICAGO, Nov. 20, 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 today that Lars Ullrich has been appointed as Senior Vice President, Global Automotive Business, effective December 2, 2024. The newly created position will oversee all global strategic, launch, and commercial activities for the company's automotive business. Mr. Ullrich most recently held the position of Head of Region Americas and Chief Business Officer for Larsen and Toubro Semiconductor Technologies, a semiconductor start-up company. He has over 20 years of busine
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Methode Electronics' Board of Directors Names New Chairman of the Board
CHICAGO, Sept. 12, 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 today that as part of a planned transition resulting from the retirement of the former Chairman of the Board, Walter Aspatore, the company's Board of Directors has appointed Mark Schwabero as the new chairman of the board. Mr. Schwabero was previously appointed Methode's Vice Chairman of the Board in May 2024 and has been a director at the company since 2019. He was formerly Chairman, Chief Executive Officer and Director of Brunswick Corporation, a recreational mar
9/12/24 4:05:00 PM ET
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Methode Electronics to Announce Second Quarter Fiscal 2025 Results on Thursday, December 5, 2024
CHICAGO, Nov. 21, 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 second quarter fiscal 2025 results for the period ended November 2, 2024, on Thursday, December 5, 2024, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its President and Chief Executive Officer, Jon DeGaynor, and Chief Financial Officer, Laura Kowalchik, at 10:00 a.m. CST. To participate in the conference call, please dial 888-506-0062
11/21/24 4:05:00 PM ET
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Methode Electronics' Board Approves Dividend
CHICAGO, Sept. 11, 2024 (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 today that its board of directors has declared a quarterly dividend of $0.14 per share to be paid on November 1, 2024, to common stockholders of record at the close of business on October 18, 2024. About Methode Electronics, Inc.Methode Electronics, Inc. (NYSE:MEI) is a leading global supplier of custom-engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East and Asia. We design, engineer, and produce mechatronic produc
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Methode Electronics to Announce First Quarter Fiscal 2025 Results on Thursday, September 5, 2024
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. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its Chief Executive Officer, Jon DeGaynor, and Interim Chief Financial Officer, David Rawden, at 10:00 a.m. CDT. To participate in the conference call, please dial 888-506-0062 (domestic) or 9
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During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector. Xerox Holdings Corporation (NASDAQ:XRX) Dividend Yield: 8.41% Citigroup anal
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Russell 2000 Index Notches Strongest Week Of Year, Hits 31-Month Highs: Outlook Is 'Clouded By Fed's Concerns Over Labor Market,' Analyst Warns
The Russell 2000 index of small caps, tracked by the iShares Russell 2000 ETF (NYSE:IWM), recorded its best weekly performance since October 2023, surging over 6% and reaching its highest level since January 2022. The rally was largely driven by Thursday’s session, where the Russell 2000 posted a remarkable 3.6% daily gain. This spike followed lower-than-expected June inflation data, which fueled speculation of potential interest rate cuts. However, Quincy Krosby, chief global strategist for LPL Financial, advises caution, suggesting that Russell 2000’s rate cut message may be “clouded by Fed’s concerns over labor market.” Krosby thinks a weaker labor market would still hurt the eco
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Gold Rises Sharply; Methode Electronics Shares Spike Higher
U.S. stocks traded mostly lower toward the end of trading, with the Nasdaq Composite dipping 2% on Thursday. The Dow traded up 0.07% to 39,748.00 while the NASDAQ fell 2% to 18,274.88 . The S&P 500 also fell, dropping, 0.94% to 5,581.00. Check This Out: Top 4 Real Estate Stocks That Could Lead To Your Biggest Gains In Q3 Leading and Lagging SectorsReal estate shares jumped by 2.4% on Thursday. In trading on Thursday, information technology shares fell by 2.7%. Top Headline Delta Air Lines, Inc. (NYSE:DAL) posted downbeat second-quarter earnings and issued lower-than-expected third-quarter earnings outlook. Delta Air Lines reported quarterly earnings of $2.36 per share w
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Methode Electronics Appoints Lars Ullrich as Senior Vice President, Global Automotive Business
CHICAGO, Nov. 20, 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 today that Lars Ullrich has been appointed as Senior Vice President, Global Automotive Business, effective December 2, 2024. The newly created position will oversee all global strategic, launch, and commercial activities for the company's automotive business. Mr. Ullrich most recently held the position of Head of Region Americas and Chief Business Officer for Larsen and Toubro Semiconductor Technologies, a semiconductor start-up company. He has over 20 years of busine
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Methode Electronics Appoints Laura Kowalchik as Chief Financial Officer
CHICAGO, Aug. 28, 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 today that Laura Kowalchik has been appointed Chief Financial Officer (CFO), effective October 1, 2024. Ms. Kowalchik succeeds David Rawden, a director at AlixPartners LLP, who has served as interim CFO since July 12, 2024. Ms. Kowalchik, currently the CFO of Communication & Power Industries (CPI), is a seasoned financial executive with more than 25 years of experience in strategic, management, and financial roles at public and private companies in the automotive and
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Methode Electronics Expects FY25 Net Sales To Be Similar To FY24 Of $1.115B Vs $1.044B Est And FY26 Net Sales Greater Than FY25 Net Sales

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Recent Analyst Ratings for $MEI

$MEI Press Releases

Fastest customizable press release news feed in the world

Methode Electronics to Announce Second Quarter Fiscal 2025 Results on Thursday, December 5, 2024

Methode Electronics Appoints Lars Ullrich as Senior Vice President, Global Automotive Business

Methode Electronics' Board of Directors Names New Chairman of the Board

$MEI SEC Filings

Methode Electronics Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

Methode Electronics Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

Methode Electronics Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

$MEI Financials

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Methode Electronics to Announce Second Quarter Fiscal 2025 Results on Thursday, December 5, 2024

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Jefferies initiated coverage on Methode Electronics with a new price target

Methode Electronics downgraded by Sidoti with a new price target

Jefferies initiated coverage on Methode Electronics with a new price target

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Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks With Over 3% Dividend Yields

Russell 2000 Index Notches Strongest Week Of Year, Hits 31-Month Highs: Outlook Is 'Clouded By Fed's Concerns Over Labor Market,' Analyst Warns

Gold Rises Sharply; Methode Electronics Shares Spike Higher

Director Lindsey Mary A bought $100,108 worth of shares (8,800 units at $11.38), increasing direct ownership by 51% to 25,970 units (SEC Form 4)

Director Blom David P bought $100,749 worth of shares (9,320 units at $10.81), increasing direct ownership by 33% to 37,531 units (SEC Form 4)

Duda Donald W bought $506,636 worth of shares (23,245 units at $21.80) (SEC Form 4)

Amendment: SEC Form SC 13G/A filed by Methode Electronics Inc.

Amendment: SEC Form SC 13G/A filed by Methode Electronics Inc.

Amendment: SEC Form SC 13G/A filed by Methode Electronics Inc.

Director Bobek Therese M was granted 402 units of Phantom Stock (SEC Form 4)

Director Goddard Janie was granted 353 units of Phantom Stock (SEC Form 4)

Director Dawson Darren was granted 402 units of Phantom Stock (SEC Form 4)

$MEI Leadership Updates

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Methode Electronics Appoints Lars Ullrich as Senior Vice President, Global Automotive Business

Methode Electronics Appoints Laura Kowalchik as Chief Financial Officer

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