Methode Electronics (MEI) Misses Q3 EPS by 16c, Offers Guidance

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Go back to Methode Electronics (MEI) Misses Q3 EPS by 16c, Offers Guidance

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

March 9, 2023 7:00 AM EST

Record Electric and Hybrid Vehicle Application SalesStrong Free Cash Flow$8 Million in Share BuybacksAnnounced Cash Offer to Acquire Nordic Lights Group Corporation

CHICAGO, March 09, 2023 (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 third quarter of fiscal 2023 ended January 28, 2023.

Fiscal Third Quarter 2023 Highlights

Net sales were $280.1... More