Methode Electronics (MEI) Tops Q1 EPS by 3c

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Go back to Methode Electronics (MEI) Tops Q1 EPS by 3c

Methode Electronics, Inc. Reports Fiscal 2019 First-Quarter Sales and Earnings

August 30, 2018 6:45 AM EDT

CHICAGO, Aug. 30, 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 first quarter of Fiscal 2019 ended July 28, 2018.

First Quarter Fiscal 2019Methode's first-quarter Fiscal 2019 net sales increased $22.2 million, or 11.0 percent, to $223.4 million from $201.2 million in the same quarter of Fiscal 2018. Year over year, currency rate fluctuations increased net sales $2.7 million.

Net income increased $3.2 million to $23.7 million, or $0.63 per share, in the first quarter of Fiscal 2019 from income of $20.5 million, or $0.55 per share, in the same... More