Stock MEI METHODE ELECTRONICS, INC.
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Company Methode Electronics, Inc.

Equities

MEI

US5915202007

Electronic Equipment & Parts

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
12.22 USD +0.74% Intraday chart for Methode Electronics, Inc. +5.07% -46.24%
Apr. 08 Methode Electronics CFO to Retire; Shares Fall After Hours MT
Apr. 08 Methode Electronics Announces CFO Changes CI

Business Summary

Methode Electronics, Inc. is a supplier of custom engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East, and Asia. The Company operates through four segments: Automotive, Industrial, Interface and Medical. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers (OEMs). The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars and devices, custom power-product assemblies, such as its PowerRail solution, high-current low-voltage flexible power cabling systems and powder-coated busbars. The Interface segment provides a variety of copper-based transceivers and user interface solutions. The Medical segment is made up of its medical device business, Dabir Surfaces, with its surface support technology aimed at pressure injury prevention.

Number of employees: 6,700

Sales per Business

USD in Million2022Weight2023Weight Delta
Automotive
62.9 %
786 67.6 % 742 62.9 % -5.62%
Industrial
34.2 %
326 28.0 % 403 34.2 % +23.79%
Interface
4.7 %
60 5.1 % 55 4.7 % -7.86%
Eliminations/Corporate
-2.1 %
-12 -1.1 % -24 -2.1 % +96.77%
Medical
0.3 %
4 0.4 % 4 0.3 % -14.29%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
40.1 %
547 47.0 % 473 40.1 % -13.66%
China
20.3 %
224 19.3 % 240 20.3 % +6.95%
Malta
17.1 %
178 15.3 % 201 17.1 % +12.78%
Other
9.7 %
70 6.0 % 115 9.7 % +63.34%
Mexico
6.7 %
76 6.5 % 79 6.7 % +3.41%
Egypt
6.2 %
67 5.8 % 73 6.2 % +8.04%

Managers

Managers TitleAgeSince
Ronald Tsoumas DFI
 Director of Finance/CFO 63 98-06-30
Andrea Barry ADM
 Chief Administrative Officer 61 16-12-31
Robert K. Cherry IRC
 Investor Relations Contact - -
Kerry Vyverberg LAW
 General Counsel - 22-05-31
Kevin Martin PRN
 Corporate Officer/Principal - 19-12-31
Anil V. Shetty PRN
 Corporate Officer/Principal 58 10-12-31
Mark Shermetaro PRN
 Corporate Officer/Principal - 94-12-31
Amit Patel AUD
 Comptroller/Controller/Auditor - 19-01-31
Timothy Glandon PRN
 Corporate Officer/Principal 60 01-07-31

Members of the board

Members of the board TitleAgeSince
David Blom BRD
 Director/Board Member 70 19-12-12
Darren Dawson BRD
 Director/Board Member 61 04-05-31
Bruce Crowther BRD
 Director/Board Member 72 19-06-12
Walter Aspatore CHM
 Chairman 81 08-01-31
Mark Schwabero BRD
 Director/Board Member 71 19-06-12
Therese Bobek BRD
 Director/Board Member 63 20-03-05
Brian Cadwallader BRD
 Director/Board Member 65 18-02-12
Mary Lindsey BRD
 Director/Board Member 69 20-03-05
Janie Goddard BRD
 Director/Board Member 53 21-03-17
Angelo Pantaleo BRD
 Director/Board Member 64 19-12-12

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 36,737,124 33,597,861 ( 91.45 %) 1,346,624 ( 3.666 %) 91.45 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
16.03 %
5,672,891 16.03 % 69 M $
Fidelity Management & Research Co. LLC
14.49 %
5,129,211 14.49 % 62 M $
Vanguard Fiduciary Trust Co.
13.14 %
4,648,611 13.14 % 57 M $
Dimensional Fund Advisors LP
5.408 %
1,914,049 5.408 % 23 M $
EARNEST Partners LLC
4.308 %
1,524,467 4.308 % 19 M $
STATE STREET CORPORATION
4.081 %
1,444,253 4.081 % 18 M $
Donald Duda
3.217 %
1,138,651 3.217 % 14 M $
Massachusetts Financial Services Co.
2.301 %
814,220 2.301 % 10 M $
Geode Capital Management LLC
2.127 %
752,645 2.127 % 9 M $
Morgan Stanley Investment Management, Inc.
2.079 %
735,622 2.079 % 9 M $

Holdings

NameEquities%Valuation
NORDIC LIGHTS GROUP OYJ
51.00%
 10,688,560 51.00% 71,755,724 $

Company contact information

Methode Electronics, Inc.

8750 West Bryn Mawr Avenue Suite 1000

60631-3518, Chicago

+708 867 6777

http://www.methode.com
address Methode Electronics, Inc.(MEI)

Group companies

NameCategory and Sector
Procoplast SA
Logo Procoplast SA

Procoplast SA

Electronic Production EquipmentElectronic Technology

Procoplast SA manufactures and produces sophisticated finished parts by injection molding and assembled technical parts. It is articulated around tools development and their manufacturing, long series production of sophisticated finished parts by injection molding and assembled technical parts using automated lines. The firm's production types include over-molding of applications and contacts and connection of hard/soft components. The company was founded in 1989 and is headquartered in Lontzen, Belgium.

Electronic Production Equipment
Montana BidCo Oy

Sector

Technology
Technology Equipment
Electronic Equipment & Parts
Electronic Equipment & Parts
Electronic Component

Sales per Business

Sales per region

Ratings for Methode Electronics, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
12.13 USD
Average target price
13.33 USD
Spread / Average Target
+9.92%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Electronic Component

1st Jan change Capi.
METHODE ELECTRONICS, INC. Stock Methode Electronics, Inc.
-46.24% 429M
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JABIL INC. Stock Jabil Inc.
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AVIC JONHON OPTRONIC TECHNOLOGY CO.,LTD. Stock AVIC Jonhon Optronic Technology Co.,Ltd.
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LENS TECHNOLOGY CO., LTD. Stock Lens Technology Co., Ltd.
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SUZHOU TFC OPTICAL COMMUNICATION CO., LTD. Stock Suzhou TFC Optical Communication Co., Ltd.
+71.16% 8B
YAGEO CORPORATION Stock Yageo Corporation
+3.02% 7.91B
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