Methode Electronics (MEI) Tops Q4 EPS by 7c; Guides FY17 Modestly Below the Street

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/4/2026

1. AMD
2. BKNG
3. AMGN
4. DOX
5. DUOL
6. SWKS
7. ANET
8. SPY
9. XYZ
10. CVS

Go back to Methode Electronics (MEI) Tops Q4 EPS by 7c; Guides FY17 Modestly Below the Street

Methode Electronics, Inc. Reports Fiscal 2016 Sales and Earnings

June 23, 2016 7:00 AM EDT

CHICAGO, IL -- (Marketwired) -- 06/23/16 -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced financial results for Fiscal 2016 ended April 30, 2016.

Fourth Quarter Fiscal 2016 Methode's fourth-quarter Fiscal 2016 net sales decreased $14.5 million, or 6.4 percent, to $212.8 million from $227.3 million in the same quarter of Fiscal 2015. Year over year, currency rate fluctuations increased net sales $2.7 million.

Net income decreased $4.0 million to $22.6 million, or $0.60 per share, in the fourth quarter of Fiscal 2016 from $26.6 million, or $0.68 per share, in the same period of Fiscal... More