Methode Electronics’s shares are extremely volatile and have had 36 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not ...
CHICAGO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, lighting and power distribution ...
The stock now trades at $8.87, marking a 27.2% gain. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move. Is there a buying ...
Methode Electronics has a large and diversified customer base, but I believe its exposure to a weak automotive industry has led to a 70% decline in its stock price. The slowdown in manufacturing ...
Methode is "affirming our expectation for sales to be in a range of $900 million to $1 billion" for fiscal 2026, with EBITDA guidance of $70 million to $80 million. Management expects the second half ...
Methode Electronics Inc. Methode Electronics, Inc. engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface, Industrial, and ...
Methode Electronics’ stock is down about 10% today as the company warned that lower-than-expected demand for electric vehicles cut into its sales forecast for the coming year. It joined the growing ...
Jonathan B. DeGaynor, President and CEO, highlighted a year of transformation, stating the company "delivered $26 million in free cash flow in the quarter" and achieved "records for the quarter and ...
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Adjusted operating loss improved by $1.6 million year-over-year despite a $19.6 million decline in sales, highlighting material cost reductions and productivity gains. Gross profit increased by $4 ...