Company Overview - Methode Electronics, Inc. is a leading global supplier of custom-engineered solutions for user interface, LED lighting systems, and power distribution applications [5] - The company operates in various end markets including transportation, cloud computing infrastructure, construction equipment, and consumer appliances [6] - Methode Electronics is structured into segments: Automotive, Industrial, and Interface [6] Upcoming Financial Results - The company will release its first quarter fiscal 2025 results for the period ended July 27, 2024, on September 5, 2024, before the market opens [1] - A conference call and webcast will follow the results announcement, led by CEO Jon DeGaynor and Interim CFO David Rawden at 10:00 a.m. CDT [2] Participation Details - To participate in the conference call, interested parties should dial 888-506-0062 (domestic) or 973-528-0011 (international) at least five minutes prior to the start [3] - A simultaneous webcast will be available on the company's website [3] Replay Information - A replay of the teleconference will be available shortly after the call through September 19, 2024, by dialing 877-481-4010 with passcode 51071 [4] - A webcast replay will also be accessible on the company's website [4]

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

Company Developments - On July 10, 2023, Joseph Khoury was placed on leave from his position as Chief Operating Officer of Methode, leading to a stock price decline of $0.53 per share, or 1.57%, closing at $33.27 on July 14, 2023 [1] - On December 7, 2023, Methode announced the termination of Joseph Khoury as Chief Operating Officer, resulting in a further stock price drop of $2.27 per share, or 9.27%, closing at $22.13 [2] Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims against Methode Electronics, Inc. on behalf of stockholders, focusing on possible violations of federal securities laws and other unlawful business practices [5]

Company Performance - Methode reported a quarterly loss of $0.23 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.21, and a decline from earnings of $0.21 per share a year ago [1] - The company has not surpassed consensus EPS estimates over the last four quarters [2] - Methode's shares have decreased by approximately 58.5% since the beginning of the year, contrasting with the S&P 500's gain of 18.1% [3] Revenue and Earnings Outlook - For the upcoming quarter, the current consensus EPS estimate is -$0.16 on revenues of $272.32 million, and for the current fiscal year, it is -$0.04 on revenues of $1.09 billion [5] - Methode posted revenues of $277.3 million for the quarter ended April 2024, exceeding the Zacks Consensus Estimate by 1.65%, but down from $301.2 million year-over-year [11] Industry Context - Methode operates within the Zacks Electronics - Connectors industry, which is currently ranked in the top 2% of over 250 Zacks industries [14] - The industry outlook can significantly influence stock performance, with empirical research indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than a factor of 2 to 1 [14]

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 | | --- | (State or ...

Mr. Nystrom added, "Our focus remains on long-term profitability improvement. We are undertaking initiatives to reduce costs, particularly in the areas of sourcing, logistics, and S&A, monetizing non-critical assets, managing our strong backlog of program launches, and improving low margin programs. We will also continue our efforts to reduce working capital, increase free cash flow, and reduce net debt. These actions are all foundational to our long-term plans and will carry on beyond the company's leaders ...

Methode Electronics to Announce Fourth Quarter Fiscal 2024 Results on Thursday, July 11, 2024 Seasoned CEO Brings Deep Experience in Engineered Products and Track Record of Driving Successful Strategic Transformation CHICAGO, June 25, 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 today that Jon DeGaynor has been appointed President, Chief Executive ...

Methode Electronics to Announce Fourth Quarter Fiscal 2024 Results on Thursday, July 11, 2024 Seasoned CEO Brings Deep Experience in Engineered Products and Track Record of Driving Successful Strategic Transformation CHICAGO, June 25, 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 today that Jon DeGaynor has been appointed President, Chief Executive ...