Methode Electronics (MEI) Misses Q4 EPS by 3c; Guides In-Line

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Go back to Methode Electronics (MEI) Misses Q4 EPS by 3c; Guides In-Line

Methode Electronics, Inc. Reports Fiscal 2017 Sales and Earnings

June 22, 2017 6:30 AM EDT

CHICAGO, IL -- (Marketwired) -- 06/22/17 -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application-specific products and solutions, announced financial results for the fourth quarter and Fiscal 2017 ended April 29, 2017.

Fourth Quarter Fiscal 2017 Methode's fourth-quarter Fiscal 2017 net sales increased $6.9 million, or 3.2 percent, to $219.7 million from $212.8 million in the same quarter of Fiscal 2016. Year over year, currency rate fluctuations decreased net sales $2.2 million.

Net income increased $0.4 million to $23.1 million, or $0.62 per share, in the fourth quarter of Fiscal 2017 from $22.7 million, or $0.61 per share, in... More