See more : Hulamin Limited (HLM.JO) Income Statement Analysis – Financial Results
Complete financial analysis of Methode Electronics, Inc. (MEI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Methode Electronics, Inc., a leading company in the Hardware, Equipment & Parts industry within the Technology sector.
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Methode Electronics, Inc. (MEI)
About Methode Electronics, Inc.
Methode Electronics, Inc. designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers. Its products include integrated center consoles, hidden switches, ergonomic switches, transmission lead-frames, and LED-based lighting and sensors, which incorporate magneto-elastic sensing and other technologies that monitor the operation or status of a component or system. The Industrial segment manufactures lighting solutions; industrial safety radio remote controls; braided flexible cables; current-carrying laminated busbars and devices; custom power-product assemblies, such as PowerRail solution; high-current low-voltage flexible power cabling systems; and powder-coated busbars that are used in various markets and applications comprising aerospace, cloud computing, commercial vehicles, industrial, military, power conversion, and transportation. The Interface segment provides various copper-based transceivers and related accessories for the cloud computing hardware equipment and telecommunications broadband equipment markets; user interface solutions for the appliance, commercial food service, and point-of-sale equipment markets; and fluid-level sensors for the marine/recreational vehicle and sump pump markets. The Medical segment offers Dabir Surfaces, a surface support technology aimed at pressure injury prevention for use by patients who are immobilized or otherwise at risk for pressure injuries, including patients undergoing long-duration surgical procedures. Methode Electronics, Inc. was incorporated in 1946 and is headquartered in Chicago, Illinois.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.11B | 1.18B | 1.16B | 1.09B | 1.02B | 1.00B | 908.30M | 816.50M | 809.10M | 881.10M | 772.80M | 519.84M | 465.10M | 428.22M | 377.65M | 428.85M | 552.95M | 450.02M | 422.69M | 394.45M | 361.00M | 364.08M | 321.60M | 362.14M | 422.15M | 403.70M | 379.30M | 343.10M | 307.50M | 270.70M | 213.30M | 172.00M | 148.10M | 149.40M | 132.80M | 122.20M | 112.70M | 95.70M | 96.00M |
| Cost of Revenue | 935.70M | 915.50M | 898.70M | 813.90M | 741.00M | 734.50M | 668.70M | 598.20M | 596.20M | 662.30M | 616.10M | 428.20M | 381.98M | 339.04M | 297.71M | 356.50M | 428.36M | 359.91M | 336.41M | 306.62M | 287.80M | 289.68M | 267.57M | 296.42M | 302.61M | 282.10M | 260.30M | 229.60M | 207.60M | 185.10M | 143.40M | 116.80M | 104.10M | 107.50M | 97.50M | 92.80M | 79.80M | 67.80M | 65.50M |
| Gross Profit | 178.80M | 264.10M | 264.90M | 274.10M | 282.90M | 265.80M | 239.60M | 218.30M | 212.90M | 218.80M | 156.70M | 91.64M | 83.11M | 89.17M | 79.94M | 72.35M | 124.60M | 90.11M | 86.28M | 87.83M | 73.20M | 74.40M | 54.02M | 65.72M | 119.54M | 121.60M | 119.00M | 113.50M | 99.90M | 85.60M | 69.90M | 55.20M | 44.00M | 41.90M | 35.30M | 29.40M | 32.90M | 27.90M | 30.50M |
| Gross Profit Ratio | 16.04% | 22.39% | 22.77% | 25.19% | 27.63% | 26.57% | 26.38% | 26.74% | 26.31% | 24.83% | 20.28% | 17.63% | 17.87% | 20.82% | 21.17% | 16.87% | 22.53% | 20.02% | 20.41% | 22.27% | 20.28% | 20.43% | 16.80% | 18.15% | 28.32% | 30.12% | 31.37% | 33.08% | 32.49% | 31.62% | 32.77% | 32.09% | 29.71% | 28.05% | 26.58% | 24.06% | 29.19% | 29.15% | 31.77% |
| Research & Development | 49.10M | 35.00M | 35.70M | 37.10M | 34.90M | 41.20M | 37.90M | 27.80M | 27.80M | 24.50M | 25.70M | 23.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 155.90M | 154.90M | 134.10M | 126.90M | 116.80M | 142.90M | 115.70M | 107.50M | 103.20M | 94.00M | 81.40M | 66.34M | 69.95M | 70.85M | 62.43M | 57.47M | 61.55M | 50.18M | 50.18M | 46.87M | 40.34M | 39.09M | 41.00M | 44.97M | 58.05M | 54.80M | 51.10M | 44.30M | 39.60M | 36.10M | 28.50M | 25.50M | 23.20M | 24.40M | 21.20M | 20.60M | 20.00M | 17.70M | 16.70M |
| Other Expenses | 85.80M | 18.80M | 19.10M | 19.30M | 19.00M | 5.10M | 6.40M | 4.70M | 500.00K | 200.00K | 2.60M | -1.26M | -272.00K | 2.40M | 2.30M | 6.93M | 7.49M | 5.09M | 5.38M | 4.31M | 3.91M | 2.24M | 12.77M | 10.99M | 20.71M | 19.90M | 19.90M | 16.70M | 14.00M | 12.10M | 10.00M | 8.70M | 7.30M | 6.60M | 5.70M | 5.10M | 4.70M | 4.20M | 3.30M |
| Operating Expenses | 292.50M | 173.70M | 153.20M | 146.20M | 135.80M | 159.00M | 121.30M | 107.50M | 103.20M | 95.50M | 81.40M | 68.13M | 71.76M | 73.25M | 64.72M | 64.40M | 69.04M | 55.27M | 55.56M | 51.19M | 44.26M | 41.33M | 53.77M | 55.96M | 78.76M | 74.70M | 71.00M | 61.00M | 53.60M | 48.20M | 38.50M | 34.20M | 30.50M | 31.00M | 26.90M | 25.70M | 24.70M | 21.90M | 20.00M |
| Cost & Expenses | 1.23B | 1.09B | 1.05B | 960.10M | 876.80M | 893.50M | 790.00M | 705.70M | 699.40M | 757.80M | 697.50M | 496.33M | 453.74M | 412.29M | 362.44M | 420.90M | 497.39M | 415.18M | 391.97M | 357.80M | 332.06M | 331.01M | 321.34M | 352.38M | 381.37M | 356.80M | 331.30M | 290.60M | 261.20M | 233.30M | 181.90M | 151.00M | 134.60M | 138.50M | 124.40M | 118.50M | 104.50M | 89.70M | 85.50M |
| Interest Income | 0.00 | 4.00M | 3.70M | 5.20M | 10.10M | 8.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 16.70M | 2.70M | 3.50M | 5.20M | 10.10M | 8.30M | 900.00K | 400.00K | 700.00K | 700.00K | 300.00K | 30.00K | 288.00K | 198.00K | 0.00 | 1.38M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 57.90M | 49.50M | 52.60M | 51.50M | 48.30M | 43.30M | 28.10M | 24.30M | 23.90M | 23.40M | 23.90M | 18.81M | 16.16M | 15.76M | 19.41M | 37.04M | 28.16M | 24.00M | 22.85M | 21.43M | 20.78M | 16.62M | 16.26M | 16.70M | 20.71M | 19.90M | 19.90M | 16.70M | 14.00M | 12.10M | 10.00M | 8.70M | 7.30M | 6.60M | 5.70M | 5.10M | 4.70M | 4.20M | 3.30M |
| EBITDA | -52.80M | 151.60M | 174.60M | 191.60M | 207.10M | 169.00M | 152.80M | 135.10M | 133.60M | 149.80M | 99.20M | 56.76M | 27.52M | 31.70M | 27.73M | -73.37M | 77.84M | 58.84M | 53.57M | 58.08M | 28.94M | 33.07M | 254.00K | 9.76M | 56.10M | 62.50M | 67.90M | 69.20M | 60.30M | 49.50M | 41.40M | 29.70M | 20.80M | 17.50M | 14.10M | 8.80M | 12.90M | 10.20M | 13.80M |
| EBITDA Ratio | -4.74% | 12.06% | 15.01% | 17.61% | 20.23% | 15.01% | 16.12% | 16.55% | 16.51% | 17.04% | 13.17% | 5.12% | 5.92% | 7.09% | 11.09% | 38.50% | 16.93% | 13.71% | 12.78% | 14.12% | 13.46% | 14.12% | 7.62% | 7.17% | 13.02% | 15.48% | 16.37% | 18.36% | 18.02% | 16.92% | 18.24% | 16.28% | 13.84% | 10.58% | 9.94% | 6.71% | 10.91% | 10.03% | 13.54% |
| Operating Income | -112.00M | 90.40M | 111.70M | 127.90M | 147.10M | 106.80M | 118.30M | 110.80M | 109.70M | 112.20M | 73.60M | 39.18M | 11.36M | 15.94M | 7.44M | -111.71M | 50.40M | 32.82M | 30.72M | 36.64M | 28.94M | 33.07M | 254.00K | 9.76M | 40.77M | 46.90M | 48.00M | 52.50M | 46.30M | 37.40M | 31.40M | 21.00M | 13.50M | 10.90M | 8.40M | 3.70M | 8.20M | 6.00M | 10.50M |
| Operating Income Ratio | -10.05% | 7.66% | 9.60% | 11.76% | 14.37% | 10.68% | 13.02% | 13.57% | 13.56% | 12.73% | 9.52% | 7.54% | 2.44% | 3.72% | 1.97% | -26.05% | 9.12% | 7.29% | 7.27% | 9.29% | 8.02% | 9.08% | 0.08% | 2.70% | 9.66% | 11.62% | 12.65% | 15.30% | 15.06% | 13.82% | 14.72% | 12.21% | 9.12% | 7.30% | 6.33% | 3.03% | 7.28% | 6.27% | 10.94% |
| Total Other Income/Expenses | -16.10M | -300.00K | 6.80M | 7.00M | 1.60M | -3.20M | 5.50M | 5.10M | 1.20M | 8.60M | 2.30M | 14.45M | 16.00K | -1.48M | 376.00K | 903.00K | -926.00K | 2.15M | 1.65M | 1.81M | -436.00K | -1.11M | 2.35M | 9.44M | 165.00K | -1.86M | 5.60M | 5.90M | 4.70M | 3.40M | 2.10M | 1.50M | 100.00K | 1.10M | 200.00K | -100.00K | 0.00 | -100.00K | 100.00K |
| Income Before Tax | -128.10M | 90.10M | 118.50M | 134.90M | 148.70M | 103.60M | 123.80M | 115.90M | 110.90M | 120.80M | 75.90M | 37.95M | 11.37M | 14.46M | 7.82M | -110.80M | 49.48M | 35.78M | 32.37M | 38.45M | 28.51M | 31.96M | 2.61M | 19.20M | 46.99M | 50.70M | 53.60M | 58.40M | 51.00M | 40.80M | 33.50M | 22.50M | 13.60M | 12.00M | 8.60M | 3.60M | 8.20M | 5.90M | 10.60M |
| Income Before Tax Ratio | -11.49% | 7.64% | 10.18% | 12.40% | 14.52% | 10.36% | 13.63% | 14.19% | 13.71% | 13.71% | 9.82% | 7.30% | 2.45% | 3.38% | 2.07% | -25.84% | 8.95% | 7.95% | 7.66% | 9.75% | 7.90% | 8.78% | 0.81% | 5.30% | 11.13% | 12.56% | 14.13% | 17.02% | 16.59% | 15.07% | 15.71% | 13.08% | 9.18% | 8.03% | 6.48% | 2.95% | 7.28% | 6.17% | 11.04% |
| Income Tax Expense | -4.80M | 13.00M | 16.30M | 12.60M | 25.30M | 12.00M | 66.60M | 23.00M | 26.30M | 19.80M | -20.30M | -2.49M | 3.24M | -4.08M | -5.96M | 1.68M | 9.72M | 9.79M | 15.32M | 12.91M | 8.83M | 10.09M | -1.20M | 6.44M | 16.10M | 17.90M | 18.30M | 21.20M | 18.60M | 14.70M | 12.50M | 7.80M | 4.10M | 4.10M | 3.50M | 1.40M | 3.10M | 3.00M | 4.70M |
| Net Income | -123.30M | 77.10M | 102.20M | 122.30M | 123.40M | 91.60M | 57.20M | 92.90M | 84.60M | 101.10M | 96.10M | 40.74M | 8.38M | 19.50M | 13.66M | -112.48M | 39.75M | 26.08M | 17.05M | 25.53M | 19.68M | 21.87M | 3.81M | 19.35M | 30.89M | 32.80M | 35.30M | 37.20M | 32.40M | 26.10M | 21.00M | 15.40M | 4.60M | 7.90M | 5.10M | 2.20M | 5.10M | 2.90M | 5.90M |
| Net Income Ratio | -11.06% | 6.54% | 8.78% | 11.24% | 12.05% | 9.16% | 6.30% | 11.38% | 10.46% | 11.47% | 12.44% | 7.84% | 1.80% | 4.55% | 3.62% | -26.23% | 7.19% | 5.80% | 4.03% | 6.47% | 5.45% | 6.01% | 1.18% | 5.34% | 7.32% | 8.12% | 9.31% | 10.84% | 10.54% | 9.64% | 9.85% | 8.95% | 3.11% | 5.29% | 3.84% | 1.80% | 4.53% | 3.03% | 6.15% |
| EPS | -3.48 | 2.14 | 2.74 | 3.22 | 3.28 | 2.45 | 1.53 | 2.49 | 2.21 | 2.61 | 2.53 | 1.09 | 0.22 | 0.53 | 0.37 | -3.05 | 1.07 | 0.72 | 0.47 | 0.71 | 0.55 | 0.60 | 0.11 | 0.54 | 0.87 | 0.93 | 1.00 | 1.06 | 0.93 | 0.75 | 0.61 | 0.45 | 0.14 | 0.24 | 0.15 | 0.07 | 0.16 | 0.09 | 0.19 |
| EPS Diluted | -3.48 | 2.10 | 2.70 | 3.19 | 3.26 | 2.43 | 1.52 | 2.48 | 2.20 | 2.57 | 2.51 | 1.08 | 0.22 | 0.52 | 0.37 | -3.05 | 1.06 | 0.71 | 0.47 | 0.71 | 0.55 | 0.60 | 0.11 | 0.54 | 0.87 | 0.93 | 1.00 | 1.06 | 0.93 | 0.75 | 0.61 | 0.45 | 0.14 | 0.24 | 0.15 | 0.07 | 0.16 | 0.09 | 0.19 |
| Weighted Avg Shares Out | 35.47M | 36.02M | 37.23M | 38.04M | 37.57M | 37.41M | 37.28M | 37.28M | 38.33M | 38.69M | 37.97M | 37.41M | 37.37M | 37.13M | 36.91M | 36.88M | 37.07M | 36.23M | 36.27M | 35.96M | 35.78M | 36.45M | 34.59M | 35.84M | 35.50M | 35.29M | 35.30M | 35.24M | 34.97M | 34.67M | 34.43M | 34.22M | 32.86M | 32.92M | 34.00M | 31.43M | 31.88M | 32.22M | 31.05M |
| Weighted Avg Shares Out (Dil) | 35.47M | 36.78M | 37.82M | 38.31M | 37.84M | 37.67M | 37.54M | 37.49M | 38.47M | 39.27M | 38.22M | 37.89M | 37.59M | 37.84M | 36.91M | 36.88M | 37.49M | 36.74M | 36.27M | 36.07M | 35.78M | 36.45M | 34.59M | 35.84M | 35.50M | 35.29M | 35.30M | 35.24M | 34.97M | 34.90M | 34.43M | 34.22M | 32.86M | 32.92M | 34.00M | 31.43M | 31.88M | 32.22M | 31.05M |
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of October 25, 2024 in Methode Electronics Lawsuit - MEI
NEW YORK, NY / ACCESSWIRE / October 16, 2024 / If you suffered a loss on your Methode Electronics, Inc. (NYSE:MEI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for...
MEI SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Methode Electronics, Inc. Shareholders Have Opportunity to Lead Class Action Lawsuit!
NEW YORK CITY, NY / ACCESSWIRE / October 16, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Methode Electronics, Inc. ("Methode Electronics" or "the Company")...
Contact Levi & Korsinsky by October 25, 2024 Deadline to Join Class Action Against Methode Electronics, Inc.(MEI)
NEW YORK, NY / ACCESSWIRE / October 15, 2024 / If you suffered a loss on your Methode Electronics, Inc. (NYSE:MEI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for...
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 Lawsuits Against Methode Electronics, Inc. - MEI
NEW ORLEANS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- 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...
Lost Money on Methode Electronics, Inc.(MEI)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky
NEW YORK, NY / ACCESSWIRE / October 15, 2024 / If you suffered a loss on your Methode Electronics, Inc. (NYSE:MEI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for...
ROSEN, A TOP-RANKED LAW FIRM, Encourages Methode Electronics, Inc. Investors to Secure Counsel Before Important October 25 Deadline in Securities Class Action – MEI
NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Methode Electronics, Inc. (NYSE: MEI) between June 23, 2022 and March 6, 2024, both dates inclusive...
Investors who lost money on Methode Electronics, Inc.(MEI) should contact Levi & Korsinsky about pending Class Action - MEI
NEW YORK, NY / ACCESSWIRE / October 15, 2024 / If you suffered a loss on your Methode Electronics, Inc. (NYSE:MEI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for...
Levi & Korsinsky Notifies Methode Electronics, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - MEI
NEW YORK, NY / ACCESSWIRE / October 15, 2024 / If you suffered a loss on your Methode Electronics, Inc. (NYSE:MEI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for...
SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Methode Electronics, Inc. - MEI
class action lawsuit has been filed against Methode Electronics, Inc.. ("Methode" or the "Company") (NYSE:MEI).
Shareholders that lost money on Methode Electronics, Inc.(MEI) should contact Levi & Korsinsky about pending Class Action - MEI
NEW YORK, NY / ACCESSWIRE / October 15, 2024 / If you suffered a loss on your Methode Electronics, Inc. (NYSE:MEI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for...
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