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Methode Electronics Inc (MEI.N)

MEI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Methode Electronics Enters Amended And Restated Credit Agreement
Thursday, 13 Sep 2018 08:22am EDT 

Sept 13 (Reuters) - Methode Electronics Inc ::METHODE ELECTRONICS - ON SEPTEMBER 12, CO ENTERED INTO AN AMENDED AND RESTATED CREDIT AGREEMENT - SEC FILING.METHODE ELECTRONICS - ENTERED CREDIT AGREEMENT THAT PROVIDES A TERM LOAN FACILITY OF UP TO $250 MILLION.METHODE ELECTRONICS - NEW CREDIT AGREEMENT AMENDS AND RESTATES CREDIT AGREEMENT, DATED NOVEMBER 18, 2016.METHODE ELECTRONICS - CREDIT FACILITIES UNDER CREDIT AGREEMENT MATURE ON SEPTEMBER 12, 2023.METHODE ELECTRONICS - AMENDED CREDIT AGREEMENT INCREASES MULTICURRENCY REVOLVING CREDIT COMMITMENTS UNDER EXISTING CREDIT AGREEMENT TO $200 MILLION.  Full Article

Methode Electronics Announces CFO Change
Monday, 12 Mar 2018 08:25pm EDT 

March 12 (Reuters) - Methode Electronics Inc ::METHODE ELECTRONICS, INC. ANNOUNCES CFO CHANGE.‍CHIEF FINANCIAL OFFICER JOHN HRUDICKA HAS LEFT COMPANY EFFECTIVE TODAY TO PURSUE OTHER OPPORTUNITIES​.RONALD TSOUMAS, CURRENTLY METHODE’S CONTROLLER AND TREASURER, HAS BEEN PROMOTED TO SUCCEED HRUDICKA.  Full Article

Methode Electronics Inc. Reports Q3 Loss Per Share $0.65
Thursday, 1 Mar 2018 06:30am EST 

March 1 (Reuters) - Methode Electronics Inc ::METHODE ELECTRONICS, INC. REPORTS FISCAL 2018 THIRD-QUARTER SALES AND EARNINGS.Q3 LOSS PER SHARE $0.65.SEES FY 2018 SALES $900 MILLION TO $910 MILLION.Q3 REVENUE $228 MILLION.IN Q3, INCOME TAX EXPENSE INCREASED TO $63.4 MILLION PRIMARILY DUE TO ENACTMENT OF U.S. TAX REFORM.SEES 2018 EARNINGS PER SHARE RANGE OF $1.23 TO $1.33.‍U.S. TAX REFORM CHARGE WILL NEGATIVELY IMPACT FISCAL 2018 EARNINGS PER SHARE BY $1.52​.SEES 2018 PRE-TAX INCOME FROM OPERATIONS TO RANGE OF $125 TO $130 MILLION.  Full Article

Methode Electronics’ Board Approves Increased Dividend
Friday, 15 Dec 2017 08:01am EST 

Dec 15 (Reuters) - Methode Electronics Inc ::METHODE ELECTRONICS’ BOARD APPROVES INCREASED DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.11PER SHARE.NEW QUARTERLY DIVIDEND REPRESENTS INCREASE OF $0.02 FROM PRIOR DIVIDEND.  Full Article

Methode Electronics Reports Q2 Earnings Per Share $0.64
Thursday, 7 Dec 2017 06:30am EST 

Dec 7 (Reuters) - Methode Electronics Inc ::METHODE ELECTRONICS, INC. REPORTS FISCAL 2018 SECOND-QUARTER SALES AND EARNINGS.Q2 EARNINGS PER SHARE $0.64.Q2 EARNINGS PER SHARE VIEW $0.64 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 EARNINGS PER SHARE $2.43 TO $2.63.SEES FY 2018 SALES $880 MILLION TO $900 MILLION.Q2 REVENUE $230.1 MILLION VERSUS I/B/E/S VIEW $216 MILLION.FY2018 EARNINGS PER SHARE VIEW $2.59, REVENUE VIEW $877.1 MILLION -- THOMSON REUTERS I/B/E/S.METHODE ELECTRONICS - Q2 FISCAL 2018 INCLUDES NET SALES FROM NEW ACQUISITIONS OF $7 MILLION FROM PACIFIC INSIGHT & $9.1 MILLION FROM PROCOPLAST.  Full Article

ISS supports plan of arrangement between Pacific Insight Electronics and Methode Electronics
Friday, 15 Sep 2017 08:00am EDT 

Sept 15 (Reuters) - Methode Electronics Inc :Pacific Insight Electronics - Institutional Shareholder Services supports plan of arrangement between Pacific Insight Electronics and Methode Electronics.  Full Article

Pacific Insight ‍confirms receipt of proposal from Shenzhen Kaizhong
Thursday, 7 Sep 2017 08:26am EDT 

Sept 7 (Reuters) - Pacific Insight Electronics Corp ::Pacific Insight Electronics Corp - ‍confirmed that it received a written proposal from Shenzhen Kaizhong Precision Technology September 6​.Pacific Insight Electronics Corp - ‍proposal from Shenzhen Kaizhong offering to enter into arrangement agreement with co to acquire all of co's shares ​.Pacific Insight Electronics Corp - ‍Kaizhong Proposal cannot be a "superior proposal" within meaning of agreement with Methode​.Pacific Insight Electronics-‍directors of co, CEO unanimously confirmed, continue to support transaction with Methode as being in best interests of co.  Full Article

Methode Electronics reports Q1 earnings per share $0.55
Thursday, 31 Aug 2017 06:30am EDT 

Aug 31 (Reuters) - Methode Electronics Inc :Methode Electronics, Inc. reports fiscal 2018 first-quarter sales and earnings.Q1 earnings per share $0.55.Q1 sales $201.2 million versus I/B/E/S view $189.4 million.Q1 earnings per share view $0.48 -- Thomson Reuters I/B/E/S.Sees FY 2018 earnings per share $2.43 to $2.63.Sees FY 2018 sales $807 million to $827 million.FY2018 earnings per share view $2.46, revenue view $819.9 million -- Thomson Reuters I/B/E/S.Methode Electronics Inc - Anticipates increased 10 gig copper transceiver sales in latter half of fiscal 2018.Methode Electronics Inc- Q1 net income was negatively affected by unfavorable commodity pricing in automotive and power products segments of $0.5 million.Methode Electronics - Expects 9 months of revenues from procoplast of $22 million for fiscal 2018 versus 7 months previously assumed in original guidance.  Full Article

Methode Electronics Q4 earnings per share $0.62
Thursday, 22 Jun 2017 06:30am EDT 

June 22 (Reuters) - Methode Electronics Inc ::Methode Electronics Inc reports fiscal 2017 sales and earnings.Q4 earnings per share $0.62.Q4 sales $219.7 million versus I/B/E/S view $214.4 million.Sees FY 2018 sales $807 million to $827 million.Q4 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.Sees FY 2018 earnings per share $2.43 to $2.63.Enters into stock purchase agreement for acquisition of Procoplast S.A.Exits connectivity and active energy solutions reporting units.FY 2018 earnings per share view $2.62, revenue view $820.6 million -- Thomson Reuters I/B/E/S.  Full Article

Methode Electronics Q3 earnings per share $0.63
Thursday, 2 Mar 2017 06:30am EST 

Methode Electronics Inc : Company revised fiscal 2017 guidance for income from operations in range of $115 to $120 million . Company revised fiscal 2017 guidance for earnings per share in range of $2.45 to $2.54 from $2.30 to $2.45 . Methode electronics, inc. Reports fiscal 2017 third-quarter sales and earnings . Q3 earnings per share $0.63 . Q3 sales $195.6 million versus i/b/e/s view $195.2 million . Sees fy 2017 earnings per share $2.45 to $2.54 . Q3 earnings per share view $0.53 -- Thomson Reuters I/B/E/S . Methode electronics inc - methode revised its fiscal 2017 guidance for sales in range of $810 million to $820 million . Fy2017 earnings per share view $2.40, revenue view $816.2 million -- Thomson Reuters I/B/E/S . Methode electronics inc -expect deterioration in data group, which is projected to be about $10 million lower in sales y-o-year, will continue into 2018 .Methode electronics inc says revised its fiscal 2017 guidance for sales due to prolonged weakness in its data solutions group, among others.  Full Article