Methode Electronics (MEI) Tops Q3 EPS by 30c, Updates FY Guiadance
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Methode Electronics, Inc. Reports Fiscal 2019 Third-Quarter Sales and Earnings
March 7, 2019 6:30 AM ESTCHICAGO, March 07, 2019 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom-engineered and application-specific products and solutions, announced financial results for the third quarter of Fiscal 2019 ended January 26, 2019.
Third Quarter Fiscal 2019Methode's third-quarter Fiscal 2019 net sales increased $18.9 million, or 8.3 percent, to $246.9 million from $228.0 million in the same quarter of Fiscal 2018. Year over year, currency rate fluctuations decreased net sales $2.2 million.
GAAP net income increased $55.0 million to $30.7 million, or $0.82 per share, in the third quarter of Fiscal 2019 from a loss of $24.3 million,... More
