Methode (MEI) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.71%. A quarter ago, it was expected that this maker of electrical components for the auto and computer industries would post a loss of $0.21 per share when it actually produced a loss of $0.23, delivering a surprise of -9.5 ...

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Methode Electronics, Inc. (NYSE:MEI) and certain of the Company’s senior executives. If you invested in Methode, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/methode-electronics-inc. Investors have until October 25, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims ...

财务业绩 - 公司净销售额下降10.8%至2.585亿美元[100] - 毛利率下降至17.3%[102] - 销售和管理费用增加3.8%至4.62亿美元[103] - 利息费用净额增加至4.8百万美元[105] - 所得税费用为5.2百万美元,有效税率为-39.7%[107] - 净亏损为1.83亿美元[108] 分部业绩 - 汽车分部销售额下降14.8%至1.348亿美元[109] - 工业分部销售额下降3.4%至1.115亿美元[109] - 汽车分部毛利率下降至6.4%[109] - 汽车分部经营亏损增加至5.7百万美元[109] - 工业分部毛利下降280万美元，下降7.9%，至3,280万美元[111] - 工业分部营业利润下降730万美元，下降30.2%，至1,690万美元[111] - 接口分部销售额下降300万美元，下降19.7%，至1,220万美元[111] - 接口分部毛利下降100万美元，下降27.8%，至260万美元[111] - 接口分部营业利润下降100万美元，下降34.5%，至190万美元[111] 业务变动 - 公司于2024年第二季度完成了Dabir业务的出售[111] - 公司于2024年6月批准了新的2,000万美元股票回购计划[113] - 公司于2024年7月修订了信贷协议，包括降低信贷额度、增加抵押担保、调整财务指标等[114] 现金流 - 公司2024年第一季度经营活动产生的现金流为1,090万美元，较上年同期增加[115][116] - 公司2024年第一季度投资活动使用现金1,360万美元，较上年同期基本持平[117] 内部控制缺陷 - 公司的内部控制和披露控制存在重大缺陷，导致截至2024年7月27日无法有效[121] - 存在与信息技术一般控制无效相关的重大缺陷，影响了依赖这些控制的业务流程控制[121] - 存在与商誉减值分析控制无效相关的重大缺陷，未能保留充分的审查控制证据[121] - 存在与非常规事项和条件的会计处理控制无效相关的重大缺陷，未能设计和维护相关控制[121] - 公司正在采取补救措施来解决上述重大缺陷，包括加强IT变更管理、重大假设审查以及非常规事项会计处理的控制[121] 法律诉讼 - 公司面临若干待决的法律诉讼[122]

财务业绩 - 净销售额为2.585亿美元[4] - 电动和混合动力汽车应用占净销售额的18%[2] - 净亏损为1830万美元,或每股0.52美元[6] - 经调整净亏损为1090万美元,或每股0.31美元[6] - 经营活动提供的净现金为1090万美元,较上年同期的(560)万美元有所增加[8] - 净销售额为2.585亿美元，同比下降10.8%[23] - 毛利润为4460万美元，同比下降17.4%[23] - 经营亏损为750万美元，上年同期盈利380万美元[23] - 净亏损为1830万美元，上年同期净利润90万美元[23] - 每股基本和稀释亏损分别为0.52美元[23] - 自由现金流为负2.7百万美元，上年同期为负19.4百万美元[29] - 净债务为1.847亿美元，较上季度增加1530万美元[30] - 公司营业收入为-7.5百万美元，较上年同期下降[31] - 公司调整后营业利润为-4.7百万美元[31] - 公司调整后每股收益为-0.31美元[31] - 公司营业收入为3.8百万美元，较上年同期增长[32] - 公司调整后营业利润为5.3百万美元[32] - 公司调整后每股收益为0.06美元[32] 税务及费用 - 税收费用为520万美元,主要由于美国递延税资产的估值准备增加[6] - 进行了部分未偿债务成本的一次性摊销，金额为120万美元[28] - 进行了重组和资产减值费用，金额为60万美元[28] - 公司本期计提了0.6百万美元的重组及资产减值费用[31] - 公司本期计提了0.7百万美元的重组及资产减值费用[32] - 公司本期计提了4.3百万美元的递延所得税资产减值准备[31] - 公司本期发生了2.2百万美元的转型成本[31] 现金流及债务 - 现金及现金等价物为1.113亿美元，较上季度减少50.2百万美元[25][27] - 净债务为1.847亿美元，较上季度增加1530万美元[30] 其他 - 公司任命Laura Kowalchik为首席财务官,自2024年10月1日起生效[2] - 公司获得超过8000万美元的项目订单[1] - 公司维持了2025财年和2026财年的业绩指引[13] - 公司在本季度回购并注销了13.6万股股票,总成本为160万美元[9]

NEW YORK, Sept. 5, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Methode Electronics, Inc. (NYSE: MEI).Shareholders who purchased shares of MEI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/methode-electronics-inc-loss-submission-form/?id=100103&from=4 CLASS PERIOD: June 2 ...

SAN DIEGO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Methode Electronics, Inc. (NYSE: MEI) common stock between June 23, 2022 and March 6, 2024. Methode designs, engineers, and produces mechatronic products for Original Equipment Manufacturers (“OEMs”). For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegatio ...

BOSTON, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against Methode Electronics, Inc. (NYSE: MEI) and certain of its executives. Investors who have lost money in their Methode Electronics, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/mei.  What is this all about? Methode Electronics, Inc. has been sued for securities fraud related to alleg ...

RADNOR, Pa., Sept. 4, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been against Methode Electronics, Inc. ("Methode") (NYSE:MEI) on behalf of investors who purchased or otherwise acquired Methode common stock between June 23, 2022 and March 6, 2024, inclusive (the "Class Period")  The lead plaintiff deadline is October 25, 2024.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:     If you suffered Methode losses ...

LOS ANGELES, Sept. 4, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Methode Electronics, Inc. ("Methode" or "the Company") (NYSE: MEI) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Methode reported the results of its fiscal third quarter on March 7, 2024. ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Sept. 03, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Methode Electronics, Inc. ("Methode" or the "Company") (NYSE: MEI) investors of a class action representing investors that bought securities between June 23, 2022 and March 6, 2024, inclusive (the "Class Period"). Methode investors have until October 25, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley ...