Methode Electronics (MEI) Tops Q2 EPS by 7c; Reaffirms Outlook

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Go back to Methode Electronics (MEI) Tops Q2 EPS by 7c; Reaffirms Outlook

Methode Electronics, Inc. Reports Fiscal 2023 First Quarter Financial Results

September 1, 2022 7:00 AM EDT

Record Industrial Segment Sales of $92 MillionOver $90 Million in Program AwardsFiscal 2023 Sales and Earnings Guidance Confirmed

CHICAGO, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the first quarter of fiscal 2023 ended July 30, 2022.

Fiscal First Quarter 2023 Highlights

Net sales were $282.4 million, of which electric and hybrid vehicle applications were 17 percentRecord Industrial segment sales of $92.1... More