Methode Electronics Announces CEO Transition Kevin Nystrom Appointed Interim Chief Executive Officer Mark Schwabero Appointed Vice Chairman of the Board CHICAGO, May 06, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that Kevin Nystrom, a partner and managing director at AlixPartners LLP, has been appointed interim CEO, effective immediately. The company has previously disclosed its ongoing engagement with AlixPartners for...
Methode Electronics Announces CFO Transition Plan CHICAGO, April 08, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that Ronald L. G. Tsoumas, Chief Financial Officer (CFO), is retiring from the company effective July 12, 2024, following the filing of Methode’s fiscal 2024 annual report. The company has begun a search process with the assistance of a leading executive search firm to identify Mr. Tsoumas’ permanent successor....
Methode Electronics’ Board Approves Dividend CHICAGO, March 14, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting, and power distribution applications, announced today that its board of directors has declared a quarterly dividend of $0.14 per share to be paid on April 26, 2024, to common stockholders of record at the close of business on April 12, 2024. About Methode Electronics, Inc.Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions with ...
Methode Electronics, Inc. Reports Fiscal 2024 Third Quarter Financial Results CHICAGO, March 07, 2024 (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 2024 ended January 27, 2024. Fiscal Third Quarter 2024 Highlights Net sales were $259.5 millionElectric and hybrid vehicle applications were 19 percent of net salesNet loss was $11.6 million, or $0.33 per diluted shareFree cash flow was $1...
Methode Electronics to Announce Third Quarter Fiscal 2024 Results on Thursday, March 7, 2024 CHICAGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced it will release its third quarter fiscal 2024 results for the period ended January 27, 2024, on Thursday, March 7, 2024, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led...
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Methode Electronics Appoints Avi Avula as New CEO Seasoned Electronics Industry Leader Brings More than 20 Years of Experience Driving Transformational Growth and Value Creation Initiatives to Methode CHICAGO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that Avi Avula has been appointed as Methode’s new President and Chief Executive Officer (CEO), starting on January 29, 2024. Mr. Avula’s appointment follows th...
Methode Electronics, Inc. Reports Fiscal 2024 Second Quarter Financial Results CHICAGO, Dec. 07, 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 second quarter of fiscal 2024 ended October 28, 2023. Fiscal Second Quarter 2024 Highlights Net sales were $288.0 millionElectric and hybrid vehicle applications were 19 percent of net salesGoodwill impairment of $56.5 million in North American and European Autom...
Methode Electronics’ Board Approves Dividend CHICAGO, Dec. 06, 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, announced today that its board of directors has declared a quarterly dividend of $0.14 per share to be paid on January 26, 2024, to common stockholders of record at the close of business on January 12, 2024. About Methode Electronics, Inc.Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions wi...
Methode Electronics to Announce Second Quarter Fiscal 2024 Results on Thursday, December 7, 2023 CHICAGO, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced it will release its second quarter fiscal 2024 results for the period ended October 28, 2023, on Thursday, December 7, 2023, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlig...
Methode Electronics to Present at the Sidoti Small-Cap Virtual Conference CHICAGO, Sept. 14, 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, will present at the Sidoti Small-Cap Virtual Conference on Thursday, September 21 at 2:30 p.m. EDT. A simultaneous webcast can be accessed through the company’s website, , by selecting the Investors page. The webcast will also be archived on the same Investors page. About Methode Electronics, Inc.Methode...
Methode Electronics’ Board Approves Dividend CHICAGO, Sept. 13, 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, announced today that its board of directors has declared a quarterly dividend of $0.14 per share to be paid on October 27, 2023, to common stockholders of record at the close of business on October 13, 2023. About Methode Electronics, Inc.Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions w...
Methode Electronics, Inc. Reports Fiscal 2024 First Quarter Financial Results CHICAGO, Sept. 07, 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 first quarter of fiscal 2024 ended July 29, 2023. Fiscal First Quarter 2024 Highlights Net sales were $289.7 millionElectric and hybrid vehicle applications were 22 percent of net salesNet income was $0.9 million, or $0.02 per diluted shareAdjusted net income was...
Methode Electronics Announces Planned CEO Retirement CHICAGO, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that Donald W. Duda, President and Chief Executive Officer, will retire from Methode. He will continue to lead the company until a successor has been named and will work with the new CEO through a transition period, which is expected to conclude during fiscal 2025. Methode's Board of Directors, with the assi...
Methode Electronics to Announce First Quarter Fiscal 2024 Results on Thursday, September 7, 2023 CHICAGO, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced it will release its first quarter fiscal 2024 results for the period ended July 29, 2023, on Thursday, September 7, 2023, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights...
Methode Electronics Releases Inaugural Corporate Social Responsibility (CSR) Report CHICAGO, July 17, 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, released its fiscal 2023 CSR report outlining Methode’s approach to environmental, social, and governance (ESG) initiatives. Methode’s ESG strategy builds upon its robust governance framework, commitment to a safe work environment, and focus on people. From progress made on waste management initiativ...
Methode Electronics Initiates Discontinuation of Dabir Surfaces, Inc. CHICAGO, July 13, 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, announced today the initiation of the discontinuation of the Dabir Surfaces, Inc. business. The Company is executing a wind down process of the Dabir business. The impact from severance, asset impairments, and other associated costs to fiscal year 2024 pre-tax income is expected to be between $1.5 million and $3...
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