Methode Electronics(MEI)
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Methode Electronics to Announce First Quarter Fiscal 2025 Results on Thursday, September 5, 2024
GlobeNewswire News Room· 2024-08-23 04:05
CHICAGO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced it will release its first quarter fiscal 2025 results for the period ended July 27, 2024, on Thursday, September 5, 2024, before the market opens. Following the release, the company will conduct a conference call and webcast to review financial and operational highlights led by its Chi ...
Ucore Rare Metals and Meteoric Resources Sign MOU for Offtake of Caldeira Project MREC in Brazil to USA Oxide Production Project
Newsfile· 2024-08-21 11:01
. . | --- | --- | |---------------------------------------------|-------| | | | | MOU for Offtake of Caldeira Project MREC in | | | Brazil to USA Oxide Production Project | | August 20, 2024 11:01 PM EDT | Source: Ucore Rare Metals Inc. Halifax, Nova Scotia and Perth, Australia--(Newsfile Corp. - August 20, 2024) - Meteoric Resources NL (ASX: MEI) ("Meteoric") and Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore") announce the August 2024 execution of a memorandum of understanding ("MOU") for the s ...
Have you Lost Money in Methode Electronics? Contact Johnson Fistel to Learn More About Potentially Recovering Your Losses
Prnewswire· 2024-08-10 03:01
SAN DIEGO, Aug. 9, 2024 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Methode Electronics, Inc. ("Methode" or the "Company") (NYSE: MEI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. What if I purchased Methode securities? If you bought secur ...
Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating Methode Electronics, Inc. for potential violations of federal securities laws
Prnewswire· 2024-08-02 21:20
NEW YORK and CHICAGO, Aug. 2, 2024 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that is investigating potential claims against Methode Electronics, Inc. ("Methode" or the "Company") (NYSE: MEI). The investigation focuses on whether the Company issued false and/or misleading statements and/or did not disclose information pertinent to investors. PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION On July 1 ...
METHODE ALERT: Bragar Eagel & Squire, P.C. is Investigating Methode Electronics, Inc. on Behalf of Methode Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2024-07-20 09:00
On July 14, 2023, Methode announced that "[o]n July 10, 2023, Joseph Khoury was placed on leave from his position as Chief Operating Officer . . . , and his powers, authority and duties as such officer of the Company were suspended." On this news, Methode's stock price fell $0.53 per share, or 1.57%, to close at $33.27 per share on July 14, 2023. Then, on December 7, 2023, Methode announced that the Company had removed Joseph Khoury from his position as Chief Operating Officer and terminated him as an emplo ...
Methode Electronics(MEI) - 2024 Q4 - Earnings Call Transcript
2024-07-12 06:14
财务数据和关键指标变化 - 第四季度销售额为2.273亿美元,同比下降8%,主要是由于汽车业务的主要项目下线和电动自行车市场持续疲软,以及电动车需求有所下降 [16][17] - 第四季度亏损6.15亿美元,主要由于商誉减值、持续的运营效率低下以及销量下降 [17][18] - 全年销售额为11.145亿美元,同比下降6%,主要受到两个主要汽车项目下线和汽车业务在各地区的疲软影响 [23] - 全年每股亏损3.48美元,主要受到商誉减值、运营效率低下和销量下降的影响 [23][24] - 全年EBITDA为-5.35亿美元,主要受到毛利下降、销量下降和销售费用上升的影响 [25] - 全年自由现金流为-270万美元,主要由于净收入下降 [26] 各条业务线数据和关键指标变化 - 汽车业务在北美、亚洲和全球范围内均出现下滑,主要是由于主要项目下线和电动自行车市场疲软 [16][17] - 电动车业务在第四季度占总销售额的14%,全年占19%,由于一个主要电动车照明项目在第四季度下线,电动车销售将在短期内下降,但长期来看仍是公司的重要增长动力 [11] 各个市场数据和关键指标变化 - 公司在美国和亚洲获得了141百万美元的年度新项目订单,主要集中在电动车动力系统领域 [13] - 公司在欧洲也有一些电动车项目,但在中国市场的份额相对较小 [57][58] 公司战略和发展方向及行业竞争 - 公司正在采取多项措施提高盈利能力,包括寻求客户支持分担成本、内部成本削减、优化低利润项目等 [9][14] - 公司将在2025财年进行业务重组,目标是在2026财年实现收入增长和盈利 [14][27] - 公司在电动车领域的订单和项目管线保持良好,但受到近期电动车市场需求下降的影响 [10][41][42] 管理层对经营环境和未来前景的评论 - 管理层认为,尽管近期电动车市场需求有所下降,但长期来看电动车仍是公司的重要增长动力 [11] - 管理层表示,公司正在采取多项措施应对成本上升和运营效率低下的问题,包括寻求客户支持、内部成本削减等,但这些措施需要一定时间才能见效 [9][33][44][47] - 管理层对2025财年的业绩表现持谨慎乐观态度,预计全年接近盈亏平衡,下半年表现将明显好于上半年 [27][30][44] 其他重要信息 - 公司宣布前Stoneridge公司CEO Jon DeGaynor将于7月15日起出任公司新任CEO [7] - 公司CFO Ron Tsoumas将于明天退休,这是他最后一次财报电话会议 [15] - 公司在第四季度通过出售非核心资产(包括公司飞机)获得了较好的自由现金流 [12][19] - 公司已与银行修订了信贷协议,降低了信贷额度并放宽了一些财务指标要求,以确保未来12个月内能够维持债务合规 [21]
Methode Electronics(MEI) - 2024 Q4 - Earnings Call Presentation
2024-07-12 06:13
业绩总结 - FY24 Q4销售额为2.77亿美元,其中电动汽车销售占比14%,FY24占比19%[6] - FY24 Q4净销售额为3.01亿美元,较去年同期下降8%[10] - FY24 Q4调整后每股收益为0.22美元,较去年同期增长[11] - FY24 Q4净债务为19.6亿美元,为FY24报告期内最低水平[12] - FY24 Q4自由现金流为正数,为3.78亿美元[13]
Methode (MEI) Reports Q4 Loss, Tops Revenue Estimates
ZACKS· 2024-07-11 21:11
Methode (MEI) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Methode shares have lost about 58.5% since the beginning of the year versus the S&P 500's gain of 18.1%. There are no easy answers to this key question, but one reliable measure that can h ...
Methode Electronics(MEI) - 2024 Q4 - Annual Report
2024-07-11 19:30
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 27, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-33731 METHODE ELECTRONICS, INC. (Exact name of Registrant as specified in its charter) Delaware 36-2090085 (State or o ...
Methode Electronics(MEI) - 2024 Q4 - Annual Results
2024-07-11 19:15
财务表现 - 第四季度2024财务亮点包括净销售额为2.773亿美元[3] - 公司第四季度自由现金流为1,580万美元[3] - 公司2024财年净销售额为11.145亿美元,净亏损为1.233亿美元[19] - 公司预计2025财年净销售额将与2024年持平,调整前税前收入接近盈亏平衡[23] - 2024财年第一季度,Methode Electronics, Inc.的净销售额为1,114.5百万美元,较上一年同期下降6.0%[35] - 2024财年第一季度,Methode Electronics, Inc.的毛利为35.5百万美元,较上一年同期下降43.6%[36] - 2024财年第一季度,Methode Electronics, Inc.的营业亏损为61.5百万美元,较上一年同期下降823.0%[38] - 2024财年第一季度,Methode Electronics, Inc.的净亏损为57.3百万美元,较上一年同期下降806.2%[40] - 2024财年第一季度,Methode Electronics, Inc.的每股亏损为1.63美元,较上一年同期下降812.7%[42] - 2024财年第一季度,Methode Electronics, Inc.的现金股利每股为0.14美元[43] - 2024财年第一季度,Methode Electronics, Inc.的现金及现金等价物为161.5百万美元,较上一年同期增长3.0%[44] - 2024财年第一季度,Methode Electronics, Inc.的总资产为1,403.5百万美元,较上一年同期下降11.0%[44] - 2024财年第一季度,Methode Electronics, Inc.的总负债为637.5百万美元,较上一年同期增长1.8%[46] - 2024财年第一季度,Methode Electronics, Inc.的经营活动产生的净现金为47.5百万美元,较上一年同期下降64.2%[47] - 2024年4月27日结束的三个月内,METHODE ELECTRONICS, INC.的调整后EBITDA为5.3亿美元,而2023年同期为31.7亿美元[52] - 2024年4月27日结束的三个月内,METHODE ELECTRONICS, INC.的自由现金流为15.8亿美元,而2023年同期为37.8亿美元[53] - 2023年4月29日,METHODE ELECTRONICS, INC.的净债务为149.8亿美元[54] - 2024年4月27日结束的三个月内,METHODE ELECTRONICS, INC.的调整后净收入为8.0亿美元[59] - 2024年4月27日结束的财政年度,METHODE ELECTRONICS, INC.的调整后净收入为15.0亿美元[61] - 2023年4月29日结束的财政年度,METHODE ELECTRONICS, INC.的调整后净收入为77.2亿美元[63] 领导层变动 - Jon DeGaynor被任命为总裁、首席执行官和董事会成员[4] 各部门表现 - 汽车部门第四季度净销售额为1.459亿美元,营运亏损为6,490万美元[16] - 工业部门第四季度净销售额为1.172亿美元,营运利润为2,000万美元[17] - 接口部门第四季度净销售额为1.42亿美元,营运利润为150万美元[18] 融资活动 - 上市公司财报电话会议中,关键的融资活动包括:股权奖励净结算相关的税款支出为3.8亿美元和0.5亿美元,债务发行费用为1.1亿美元和3.2亿美元,股票期权行权所得为1.5亿美元,普通股购买额为13.7亿美元和48.1亿美元,现金股利为19.9亿美元和19.8亿美元,借款收入为237.9亿美元和344.7亿美元,借款偿还为207.2亿美元和271.0亿美元[49] - 在补充现金流信息中,关键的支付包括:利息支出为17.0亿美元和5.6亿美元,所得税净额为15.0亿美元和25.6亿美元,经营租赁义务为9.6亿美元和8.8亿美元[50]