Methode Electronics, Inc. Reports Fiscal Third Quarter 2021 Financial Results
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Methode Electronics (MEI) Tops Q3 EPS by 4c, Revenues Beat; Offers 4Q EPS/Revenue Outlook
March 4, 2021 7:10 AM ESTMethode Electronics (NYSE: MEI) reported Q3 EPS of $0.83, $0.04 better than the analyst estimate of $0.79. Revenue for the quarter came in at $295.3 million versus the consensus estimate of $277.7 million.
Fiscal Third Quarter 2021 Highlights
Net sales were $295.3 millionElectric and hybrid vehicle applications were over 12 percent of net salesNet income was $31.9 million, or $0.83 per diluted shareNet cash provided by operating activities was $87.1 millionDebt was $244.6 million, compared to $352.1 million at the... More