Methode Electronics (MEI) Tops Q3 EPS by 10c

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Go back to Methode Electronics (MEI) Tops Q3 EPS by 10c

Methode Electronics, Inc. Reports Fiscal 2017 Third-Quarter Sales and Earnings

March 2, 2017 6:30 AM EST

CHICAGO, IL -- (Marketwired) -- 03/02/17 -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced financial results for the third quarter and first nine months of Fiscal 2017 ended January 28, 2017.

Third Quarter Fiscal 2017 Methode's third-quarter Fiscal 2017 net sales increased $11.0 million, or 6.0 percent, to $195.6 million from $184.6 million in the same quarter of Fiscal 2016. Year over year, currency rate fluctuations decreased net sales $1.8 million.

Net income increased $6.5 million to $23.7 million, or $0.63 per share, in the third quarter of Fiscal 2017 from... More