Methode Electronics: Q2 Earnings Insights

Shares of Methode Electronics MEI were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share were up 60.94% over the past year to $1.03, which beat the estimate of $0.80.

Revenue of $300,800,000 rose by 16.95% from the same period last year, which beat the estimate of $276,600,000.

Outlook

Q3 EPS expected to be between $0.69 and $0.85.

Q3 revenue expected to be between $265,000,000 and $285,000,000.

How To Listen To The Conference Call

Date: Dec 03, 2020

Time: 11:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/2152/38912

Price Action

52-week high: $41.70

Company's 52-week low was at $21.76

Price action over last quarter: Up 20.63%

Company Overview

Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized in various business segments: Automotive, Industrial, interface and Medical. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables and custom power-product assemblies. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions. The Medical segment is made up of the Company's medical device business, Dabir Surfaces, its surface support technology aimed at pressure injury prevention.