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METHODE ELECTRONICS, INC. (NYSE: MEI) INVESTOR ALERT: Investors With Large Losses in Methode Electronics, Inc. Should Contact Bernstein Liebhard LLP To Discuss Their Rights
GlobeNewswire News Room· 2024-08-28 01:33
文章核心观点 - 美国法律事务所Bernstein Liebhard LLP代表投资者对Methode Electronics公司提起证券集体诉讼 [1][3] - 投资者指控Methode公司在2022年6月23日至2024年3月6日期间做出了虚假陈述,隐瞒了公司蒙特雷工厂存在的问题以及公司退出通用汽车中控台项目的情况 [3] 根据相关目录分别进行总结 诉讼相关 - 投资者可以在2024年10月25日之前申请担任集体诉讼的代表原告 [4] - 即使不担任代表原告,投资者也可以作为缺席成员参与诉讼并分享任何赔偿 [4] - 该诉讼由Bernstein Liebhard LLP律师事务所负责,他们自1993年以来已为客户追回超过35亿美元的赔偿 [5] - Bernstein Liebhard LLP律师事务所曾13次被评为"原告热门名单"并连续16年被列入"法律500强" [5] 联系方式 - 投资者可以通过提交表格、发送电子邮件或致电的方式获取更多信息 [2][6]
SHAREHOLDER ALERT: Class Action Lawsuit Filed on Behalf of Methode Electronics, Inc. (MEI) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
GlobeNewswire News Room· 2024-08-27 23:04
ATLANTA, Aug. 27, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Methode Electronics, Inc. (“Methode” or “the Company”) (NYSE: MEI). The lawsuit alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (a) the Company had lost highly skilled and experienced employees during the COVID-19 pandemic necessary to successfully complete the Company’s transition from its historic low mix, high volume production model to a high mix, low produ ...
Methode Electronics (MEI) Class Action Lawsuit Alert: Johnson Fistel Announces Shareholders with Losses Should Contact the Law Firm for More Information
GlobeNewswire News Room· 2024-08-27 22:19
SAN DIEGO, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of Methode Electronics, Inc. (NYSE: MEI). If you incurred significant losses and want to act as the lead plaintiff in the Methode Electronics class action lawsuit or determine if you are eligible to receive a potential recovery of your losses, please submit your details here: SUBMIT YOUR INFORMATION NOW CLASS PERIOD: June 23, 2022 and March 6 ...
MEI INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Methode Electronics, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead the Methode Electronics Class Action Lawsuit
GlobeNewswire News Room· 2024-08-27 08:02
SAN DIEGO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Methode Electronics, Inc. (NYSE: MEI) common stock between June 23, 2022 and March 6, 2024, both dates inclusive (the “Class Period”), have until October 25, 2024 to seek appointment as lead plaintiff of the Methode Electronics class action lawsuit. Captioned Salem v. Methode Electronics, Inc., No. 24-cv-07696 (N.D. Ill.), the Methode Electronics class action lawsuit charges Methode Electronics and cer ...
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
Ucore Rare Metals and Meteoric Resources Sign MOU for Offtake of Caldeira Project MREC in Brazil to USA Oxide Production ProjectAugust 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 supply of 3,000 metric tonnes ("MT" ...
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 securi ...
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
NEW YORK, July 19, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) on behalf of Methode stockholders. Our investigation concerns whether Methode has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On July 14, 2023, Methode announced that "[o]n July 10, 2023, Jo ...
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]