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.
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The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Allegion (NYSEALLE).
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The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Atkore (NYSEATKR).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Acuity Brands (NYSEAYI) and the rest of the electrical systems stocks fared in Q3.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Methode Electronics (NYSEMEI).
Shares of custom-engineered solutions manufacturer Methode Electronics (NYSEMEI)
jumped 33% in the morning session after the company reported impressive third-quarter earnings that blew past analysts' revenue, EPS, and EBITDA expectations. Sales were driven by higher volumes of power distribution products for data centers. However, the business also observed some softness in the automotive market in Asia. Looking ahead, the company reaffirmed its sales target for the full year (fiscal 2025) while raising its operating income guidance, reflecting a more optimistic outlook. Zooming out, we think this quarter featured some important positives.
Custom-engineered solutions manufacturer Methode Electronics (NYSEMEI) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 1.6% year on year to $292.6 million. Its non-GAAP profit of $0.14 per share was significantly above analysts’ consensus estimates.
