Methode Electronics (MEI) Tops Q1 EPS by 7c, Maintains Guidance

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Go back to Methode Electronics (MEI) Tops Q1 EPS by 7c, Maintains Guidance

Methode Electronics, Inc. Reports Fiscal 2018 First-Quarter Sales and Earnings

August 31, 2017 6:30 AM EDT

CHICAGO, IL -- (Marketwired) -- 08/31/17 -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced financial results for the first quarter of Fiscal 2018 ended July 29, 2017.

First Quarter Fiscal 2018 Methode's first-quarter Fiscal 2018 net sales increased $9.3 million, or 4.8 percent, to $201.2 million from $191.9 million in the same quarter of Fiscal 2017. Year over year, currency rate fluctuations decreased net sales $0.3 million.

Net income decreased $0.7 million to $20.5 million, or $0.55 per share, in the first quarter of Fiscal 2018 from $21.2 million, or $0.57... More