Methode Electronics, Inc. Reports Record Sales and Earnings for Fiscal 2015

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Go back to Methode Electronics, Inc. Reports Record Sales and Earnings for Fiscal 2015

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

June 25, 2015 6:36 AM EDT

(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... More