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

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

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

June 25, 2015 6:30 AM EDT

CHICAGO, IL -- (Marketwired) -- 06/25/15 -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced financial results for the Fiscal 2015 fourth quarter and year ended May 2, 2015.

Fourth-Quarter Fiscal 2015 Methode's fourth-quarter Fiscal 2015 net sales grew $2.4 million, or 1.1 percent, to $227.3 million from $224.9 million in the same quarter of Fiscal 2014. Year over year, in the fourth quarter of Fiscal 2015, the strengthening of the US dollar compared to the Euro had the effect of reducing net sales by $7.5 million, or 3.2... More