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 ...

. . | --- | --- | |---------------------------------------------|-------| | | | | 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 ...

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 ...

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 ...

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, Inc. (NYSE:MEI) Q4 2024 Earnings Call Transcript July 11, 2024 11:00 AM ET Company Participants Robert Cherry - VP of IR Kevin Nystrom - Interim CEO Ron Tsoumas - CFO Conference Call Participants Luke Junk - Baird Saree Boroditsky - Jefferies Gary Prestopino - Barrington Research Operator Robert Cherry This conference call contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance, and speak only as of the date ...

S Total debt (in millions) - Appendix 4 FY24 Q4 Highlights Managing Impacts from Increased Program Launches Program Awards of Over $140M Award Pipeline Strong, EV Weighted Balance Sheet & Cash Flow Net Debt at Lowest Level of FY24 Reporting Periods Positive Free Cash Flow Purchased $3M of Shares Other 5 Goodwill impairment, operational inefficiencies in Automotive, and lower sales volume drove net loss Going Forward Monetizing non-critical assets Continuing efforts to reduce working capital, increase free c ...

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 ...

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 ...

Exhibit 99.1 1 Methode Electronics, Inc. Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results • Positive Fourth Quarter Free Cash Flow • Net Debt at Lowest Level of the Fiscal Year • Over $140 Million in Program Awards in Fourth Quarter • Fiscal 2025 Actions Expected to Reposition Company for Growth in Fiscal 2026 • Jon DeGaynor Appointed President, CEO and a Member of the Board of Directors Chicago, IL – July 11, 2024 – Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custo ...