Methode Electronics, Inc. Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results

CHICAGO, July 11, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a leading global supplier of customengineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the fourth quarter and full year ended April 27, 2024. Fiscal Fourth Quarter 2024 Highlights Net sales were $277.3 million Electric and hybrid vehicle applications were 14% of net sales Goodwill impairment of $49.4 million in North American Automotive reporting unit ...