Methode Electronics, Inc. reported earnings results for the first quarter ended July 30, 2022. For the first quarter, the company reported sales was USD 282.4 million compared to USD 287.8 million a year ago. Net income was USD 21.5 million compared to USD 29.1 million a year ago.

Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 0.76 a year ago.