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

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Go back to Methode Electronics, Inc. Reports Fiscal Second Quarter 2021 Financial Results

Methode Electronics (MEI) Tops Q2 EPS by 21c, Revenues Beat; Offers 3Q EPS/Revenue Guidance

December 3, 2020 7:08 AM EST

Methode Electronics (NYSE: MEI) reported Q2 EPS of $1.01, $0.21 better than the analyst estimate of $0.80. Revenue for the quarter came in at $300.8 million versus the consensus estimate of $276.6 million.

Fiscal Second Quarter 2021 Highlights

Net sales were a record $300.8 millionElectric and hybrid vehicle applications were over 9 percent of net salesIncome from operations was a record $45.0 million, or 15.0 percent of net salesNet income was $38.6 million, or $1.01 per diluted share, and... More