Methode Electronics (MEI) Tops Q1 EPS by 28c

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Go back to Methode Electronics (MEI) Tops Q1 EPS by 28c

Methode Electronics, Inc. Reports Fiscal First Quarter 2021 Financial Results

September 3, 2020 7:00 AM EDT

Late Quarter Rebound in Automotive SalesCost Saving Actions Partially Reduced COVID-19 Pandemic ImpactElectric and Hybrid Vehicle Programs Increasing

CHICAGO, Sept. 03, 2020 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced financial results for the fiscal first quarter of 2021 ended August 1, 2020.

Fiscal First Quarter 2021 Highlights

Net sales were $190.9 millionSelling and administrative expense decreased $5.8 million from fiscal first quarter 2020Net income was $20.7 million, or $0.54 per diluted share, and included $2.8... More