Methode Electronics is a global leader in the design and manufacturing of customized electronic components and solutions
The company specializes in providing innovative products for a variety of industries, including automotive, industrial, and medical sectors. With a focus on advanced technology and engineering, Methode develops a wide range of applications such as sensors, connectors, switches, and other electronic assemblies that enhance functionality and performance in complex systems. Their commitment to quality and innovation has positioned them as a key partner for customers seeking tailored electronic solutions that meet the evolving demands of modern technology.
Shares of custom-engineered solutions manufacturer Methode Electronics (NYSEMEI)
fell 28.4% in the afternoon session after the company reported weak third-quarter (fiscal 2025) results: revenue, EPS, and EBITDA all missed Wall Street's estimates, and next quarter's revenue guidance came in below expectations. The key highlight for the quarter was the ongoing weakness in the automotive segment, where sales dropped over 17% due to the phase-out of older EV lighting programs, combined with a broader slowdown in new EV model launches. This decline more than offset growth in the industrial segment, where power products for data centers saw strong demand.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Thursday. Below you can find the top gainers and losers in today's session.
Custom-engineered solutions manufacturer Methode Electronics (NYSEMEI) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 7.6% year on year to $239.9 million. Next quarter’s revenue guidance of $247.5 million underwhelmed, coming in 15.4% below analysts’ estimates. Its non-GAAP loss of $0.21 per share was significantly below analysts’ consensus estimates.
As the regular session of the US market on Wednesday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
Custom-engineered solutions manufacturer Methode Electronics (NYSEMEI)
will be announcing earnings results tomorrow afternoon. Here’s what investors should know.
Although Methode Electronics (currently trading at $10.98 per share) has gained 7.5% over the last six months, it has trailed the S&P 500’s 16.8% return during that period. This may have investors wondering how to approach the situation.
NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Methode Electronics Inc. (NYSEMEI) on behalf of long-term stockholders following a class action complaint that was filed against Methode Electronics on August 26, 2024 with a Class Period from December 2, 2021 to March 6, 2024. Our investigation concerns whether the board of directors of Methode Electronics have breached their fiduciary duties to the company.
PHILADELPHIA, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Grabar Law Office is investigating claims on behalf of Methode Electronics Inc. (NYSEMEI) shareholders. The investigation concerns whether certain officers of Methode Electronics have breached the fiduciary duties they owed to the company.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Hubbell (NYSEHUBB) and its peers.
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Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Methode Electronics, Inc. (NYSEMEI).
