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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 Inc Reports Q1 EPS Of $0.63
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Methode Electronics Inc ::METHODE ELECTRONICS, INC. REPORTS FISCAL 2019 FIRST-QUARTER SALES AND EARNINGS.Q1 EARNINGS PER SHARE $0.63.Q1 EARNINGS PER SHARE VIEW $0.60 -- THOMSON REUTERS I/B/E/S.SEES FY 2019 EARNINGS PER SHARE $2.81 TO $2.96.SEES FY 2019 SALES $950 MILLION TO $970 MILLION.Q1 REVENUE $223.4 MILLION VERSUS I/B/E/S VIEW $230.7 MILLION.FIRST-QUARTER FISCAL 2019 NET SALES INCREASED 11 PERCENT, TO $223.4 MILLION.METHODE ELECTRONICS - DELAYED LAUNCH TO FISCAL 2020 OF LAUNDRY PROGRAM IN INTERFACE SEGMENT TO RESULT IN LOWER EXPECTED REVENUES OF $7 MILLION IN FY 2019.  Full Article

Methode Announces Definitive Agreement To Acquire Grakon
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Methode Electronics Inc ::METHODE ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE GRAKON.METHODE ELECTRONICS INC - METHODE EXPECTS TO FUND TOTAL CONSIDERATION OF APPROXIMATELY $420 MILLION WITH A COMBINATION OF CASH ON HAND AND COMMITTED DEBT FINANCING.METHODE ELECTRONICS INC - TRANSACTION IS NOT SUBJECT TO A FINANCING CONDITION.METHODE - EXCLUDING PRE-TAX COSTS OF DEAL, METHODE EXPECTS ACQUISITION TO BE ACCRETIVE TO EARNINGS IN ITS CURRENT FISCAL YEAR ENDING APRIL 27, 2019.METHODE ELECTRONICS INC - METHODE EXPECTS TO UPDATE ITS FISCAL 2019 GUIDANCE TO INCLUDE ACQUISITION OF GRAKON WHEN THIRD-PARTY VALUATION IS FINALIZED.METHODE ELECTRONICS INC - METHODE ANTICIPATES PRE-TAX ACQUISITION AND RELATED COSTS IN RANGE OF $23 MILLION TO $26 MILLION.METHODE ELECTRONICS INC - METHODE INTENDS TO UTILIZE APPROXIMATELY $140 MILLION OF CASH ON HAND.METHODE ELECTRONICS INC - ENTERED INTO A DEBT COMMITMENT AGREEMENT WITH CERTAIN LENDERS.METHODE ELECTRONICS INC - LENDERS COMMITTED TO MAKE AVAILABLE TO METHODE AT CLOSING $250 MILLION TERM LOAN FACILITY & $200 MILLION REVOLVING CREDIT FACILITY.  Full Article

Methode Electronics’ Board Approves Increased Dividend
Friday, 15 Dec 2017 

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 

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