UPDATE: Methode Electronics (MEI) Posts Q4 EPS of 68c; Issues Light FY16 Outlook

June 25, 2015 6:36 AM
(Updated - June 25, 2015 6:38 AM EDT)

Methode Electronics (NYSE: MEI) reported Q4 EPS of $0.68, which may not compare with the analyst estimate of $0.68. Revenue for the quarter came in at $227.3 million versus the consensus estimate of $228.07 million.

Excluding the fourth-quarter impacts of goodwill and intangible asset impairments, sales of businesses/investments, and tax credits/valuation allowances, Methode's Fiscal 2015 fourth-quarter net income was $20.1 million, or $0.51 per share, and Fiscal 2014 fourth-quarter net income was $14.6 million, or $0.38 per share. The details regarding the excluded items follow:

Guidance:

Methode anticipates sales in the range of $830 million to $865 million, income from operations in the range of $108 to $119 million and earnings per share in the range of $2.07 to $2.22. (Consensus estimates call for FY16 revenue of $918 million and EPS of $2.75.) The guidance ranges for Fiscal 2016 are based upon management's expectations regarding a variety of factors and involve a number of risks and uncertainties, including the following significant factors considered by management in preparing this guidance:

For earnings history and earnings-related data on Methode Electronics (MEI) click here.

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