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Last $46.00 USD
Change Today +1.30 / 2.91%
Volume 486.3K
MEI On Other Exchanges
Symbol
Exchange
Munich
New York
As of 4:15 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

methode electronics inc (MEI) Snapshot

Open
$44.82
Previous Close
$44.70
Day High
$46.16
Day Low
$44.76
52 Week High
03/24/15 - $47.26
52 Week Low
04/28/14 - $26.73
Market Cap
1.8B
Average Volume 10 Days
409.3K
EPS TTM
$3.13
Shares Outstanding
38.3M
EX-Date
04/13/15
P/E TM
14.7x
Dividend
$0.36
Dividend Yield
0.78%
Current Stock Chart for METHODE ELECTRONICS INC (MEI)

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methode electronics inc (MEI) Details

Methode Electronics, Inc. designs, manufactures, and markets components and subsystem devices worldwide. Its Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers. This segment’s products include control switches for electrical power and signals, connectors for electrical devices, integrated control components, switches and sensors that monitor the operation or status of a component or system, and packaging electrical components. The company’s Interconnect segment provides various copper and fiber-optic interconnect and interface solutions for the aerospace, appliance, commercial, computer, construction, consumer, material handling, medical, military, mining, networking, storage, and telecommunications markets. This segment’s solutions include conductive polymers, connectors, custom cable assemblies, industrial safety radio remote controls, optical and copper transceivers, personal computer and express card packaging and terminators, solid-state field effect interface panels, and thick film inks; and services comprise the design and installation of fiber optic and copper infrastructure systems, and manufacturing active and passive optical components. Its Power Products segment manufactures braided flexible cables, current-carrying laminated bus devices, custom power-product assemblies, high-current low voltage flexible power cabling systems, and powder coated bus bars for aerospace, computers, industrial and power conversion, inverters and battery systems, insulated gate bipolar transistor solutions, military, telecommunications, and transportation markets. The company’s Other segment designs and manufactures magnetic torque sensing products. Methode Electronics, Inc. was founded in 1946 and is headquartered in Chicago, Illinois.

4,566 Employees
Last Reported Date: 06/26/14
Founded in 1946

methode electronics inc (MEI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $664.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $331.3K
Chief Operating Officer
Total Annual Compensation: $433.2K
Vice President and General Manager of Europea...
Total Annual Compensation: $309.8K
Vice President and General Manager of North A...
Total Annual Compensation: $275.2K
Compensation as of Fiscal Year 2014.

methode electronics inc (MEI) Key Developments

Methode Electronics to Pay Quarterly Dividend on Common Stock, Payable on April 29, 2015

Methode Electronics (MEI) will pay a quarterly dividend on its common stock of $0.09 per share on April 29, 2015, to shareholders of record on April 15, 2015.

Methode Electronics, Inc. Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended January 31, 2015; Revises Earnings Guidance for the Fiscal Year 2015

Methode Electronics, Inc. announced consolidated unaudited earnings results for the third quarter and nine months ended January 31, 2015. For the quarter, the company reported net sales of $206 million against $189.8 million a year ago. Income from operations was $34.7 million against $16.4 million a year ago, due primarily to increased sales and manufacturing efficiencies as well as decreased selling and administrative expenses. Income before income taxes was $35.2 million against $16 million a year ago. Net income increased $12.5 million to $27.1 million, or $0.68 per diluted share, in the third quarter of fiscal 2015 from $14.6 million, or $0.38 per diluted share, in the same period of Fiscal 2014. Third-quarter net income benefitted from: higher sales in the Automotive and Power Products segments; increased manufacturing efficiencies due to higher automotive and power products segment sales; manufacturing improvements at the company's captive molding business; increased production at the lower-cost Egyptian manufacturing operation; lower compensation expense related to the long-term incentive plan of $1.8 million; increased net foreign exchange gain of $0.6 million; and lower legal fees of $0.2 million. Third-quarter net income was negatively affected by: higher income tax expense of $6.7 million; increased total salary and bonus expense of $1.0 million; higher professional fees of $0.4 million and lower sales, decreased manufacturing efficiencies and higher development costs in the Interface segment. For the nine months, the company reported net sales of $653.8 million against $547.9 million a year ago. Income from operations was $97.7 million against $53.3 million a year ago, due primarily to increased sales volumes and manufacturing efficiencies, partially offset by increased selling and administrative expenses. Income before income taxes was $98.3 million against $52.2 million a year ago. Net income attributable to company was $74.5 million against $48 million a year ago. Diluted net income per share was $1.90 against $1.26 a year ago. Net cash provided by operating activities was $108.6 million against $49.4 million a year ago. Purchases of property, plant and equipment was $12.8 million against $23.5 million a year ago. Nine months net income benefitted from: higher sales in the Automotive and Power Products segments; increased manufacturing efficiencies due to higher automotive and power products segment sales; manufacturing improvements at AMD; increased production at the lower-cost Egyptian manufacturing operation; reimbursement related to the cancellation of a program in the automotive segment of $1.3 million; and increased net foreign exchange gain of $1.0 million. Net income was negatively affected by: higher income tax expense of $19.6 million; increased total compensation expense of $3.5 million; higher travel and other general expenses of $2.3 million; increased legal expense of $1.8 million; higher stock-based compensation of $0.9 million; and lower sales, decreased manufacturing efficiencies and higher development costs in the Interface segment. In the first nine months of fiscal 2015, the company spent $12.8 million for capital expenditures. The company reaffirmed fiscal 2015 sales guidance in the range of $870 to $885 million, but increases its guidance for fiscal 2015 income from operations to a range of $130 to $135 million and earnings per share to a range of $2.50 to $2.60, not including the gain on the sale of Trace Laboratories. The guidance ranges for Fiscal 2015 are based upon management's current expectations regarding a variety of factors and involve a number of risks and uncertainties. The company expects capital spending to be between $20 million and $22 million. The company expects the full year depreciation and amortization to be between $22 million and $25 million. The company expects EBITDA to remain in the 18% range and be between $157 million and $160 million for the full year. The company expects fiscal 2015 free cash flow to be between $102 million and $108 million.

Methode Electronics, Inc. to Report Q3, 2015 Results on Mar 05, 2015

Methode Electronics, Inc. announced that they will report Q3, 2015 results at 10:00 AM, Central Standard Time on Mar 05, 2015

 

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Industry Analysis

MEI

Industry Average

Valuation MEI Industry Range
Price/Earnings 14.3x
Price/Sales 2.0x
Price/Book 4.0x
Price/Cash Flow 13.8x
TEV/Sales 1.7x
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