Methode Electronics (MEI) Tops Q4 EPS by 25c, Revenues Beat; Offers FY19 Guidance

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Go back to Methode Electronics (MEI) Tops Q4 EPS by 25c, Revenues Beat; Offers FY19 Guidance

Methode Electronics, Inc. Reports Fiscal 2018 Fourth-Quarter and Full-Year Sales and Earnings

June 21, 2018 6:38 AM EDT

CHICAGO, June 21, 2018 (GLOBE NEWSWIRE) -- 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 full year of Fiscal 2018 ended April 28, 2018.

Fourth Quarter Fiscal 2018Methode's fourth-quarter Fiscal 2018 net sales increased $29.3 million, or 13.3 percent, to $249.0 million from $219.7 million in the same quarter of Fiscal 2017. Year over year, currency rate fluctuations increased net sales $6.6 million.

Net income increased $13.7 million to $36.8 million, or $0.98 per share, in the fourth quarter of Fiscal 2018 from income of $23.1 million, or $0.62... More