Methode Electronics (MEI) Tops Q2 EPS by 5c

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Go back to Methode Electronics (MEI) Tops Q2 EPS by 5c

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

December 6, 2018 7:00 AM EST

Forms Industrial SegmentIncludes Six Weeks of Grakon Acquisition

CHICAGO, Dec. 06, 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 second quarter of Fiscal 2019 ended October 27, 2018.

Second Quarter Fiscal 2019Methode's second-quarter Fiscal 2019 net sales increased $33.9 million, or 14.7 percent, to $264.0 million from $230.1 million in the same quarter of Fiscal 2018. Year over year, currency rate fluctuations increased net sales $1.6 million.

GAAP net income decreased $9.6 million to... More