OverviewSuggest Edit

Methode Electronics designs, manufactures, and markets component and subsystem devices. The Company operates through four segments. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers. The Interface segment provides various copper and fiber-optic interface and interface solutions. The Power Products segment manufactures braided flexible cables, current-carrying laminated bus bars and devices. The Other segment offers medical devices, inverters and battery systems, and insulated gate bipolar transistor solutions.

TypePublic
Founded1946
HQChicago, US
Websitemethode.com
Employee Ratings3.8
Culture scoreC+

Latest Updates

Employees (est.) (Apr 2019)6,187(+23%)
Job Openings2
Revenue (FY, 2019)$1 B(+11%)
Share Price (May 2020)$29.5

Methode Electronics Office Locations

Methode Electronics has offices in Chicago and Harwood Heights
Chicago, US (HQ)
8750 W Bryn Mawr Ave
Harwood Heights, US
7447 W Wilson Ave
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Methode Electronics Financials and Metrics

Methode Electronics Revenue

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Methode Electronics's revenue was reported to be $1 b in FY, 2019
USD

Revenue (Q3, 2020)

285.9m

Gross profit (Q3, 2020)

79.3m

Gross profit margin (Q3, 2020), %

27.7%

Net income (Q3, 2020)

41.2m

EBIT (Q3, 2020)

41.5m

Market capitalization (22-May-2020)

1.1b

Closing stock price (22-May-2020)

29.5

Cash (1-Feb-2020)

79.9m

EV

1.3b
Methode Electronics's current market capitalization is $1.1 b.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

465.1m519.8m772.8m881.1m809.1m816.5m908.3m1.0b

Revenue growth, %

14%(8%)1%11%

Cost of goods sold

382.0m428.2m616.1m662.3m596.2m598.2m668.7m734.5m

Gross profit

83.1m91.6m156.7m218.8m212.9m218.3m239.6m265.8m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2014Q1, 2014Q1, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

110.8m115.9m112.0m118.7m129.8m123.0m167.3m190.9m189.8m229.7m218.1m203.3m206.0m208.4m184.6m191.9m209.3m195.6m201.2m230.1m223.4m264.0m246.9m270.2m257.2m285.9m

Cost of goods sold

90.8m95.0m92.7m97.3m107.5m102.9m133.3m149.5m151.3m169.5m167.6m149.7m149.8m157.5m137.0m137.8m153.7m142.2m145.6m168.1m163.3m193.2m182.6m194.4m188.6m206.6m

Gross profit

20.0m20.9m19.3m21.5m22.3m20.0m34.0m41.4m38.5m60.2m50.5m53.6m56.2m50.9m47.6m54.1m55.6m53.4m55.6m62.0m60.1m70.8m64.3m75.8m68.6m79.3m

Gross profit Margin, %

18%18%17%18%17%16%20%22%20%26%23%26%27%24%26%28%27%27%28%27%27%27%26%28%27%28%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

86.8m65.8m116.4m168.1m227.8m294.0m246.1m83.2m

Accounts Receivable

98.4m119.8m165.3m202.6m219.3m

Prepaid Expenses

12.5m14.8m20.0m

Inventories

43.6m59.9m71.6m70.9m66.2m57.9m84.1m116.7m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2014Q1, 2014Q1, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

84.4m75.5m76.8m85.1m77.0m73.4m73.4m87.8m96.8m144.2m135.7m167.9m167.8m186.6m202.3m249.3m249.6m268.8m297.9m258.6m304.0m228.5m110.9m73.7m73.8m95.6m79.9m

Accounts Receivable

84.0m96.1m86.1m94.7m107.9m94.4m135.6m147.5m134.9m172.4m156.7m159.7m145.2m165.2m146.6m155.8m172.0m153.8m164.5m215.4m181.1m229.8m211.5m233.1m205.3m227.9m

Prepaid Expenses

15.9m15.9m21.7m22.5m18.7m20.3m

Inventories

40.4m40.6m44.0m47.4m50.8m53.8m69.0m64.8m78.4m88.5m118.3m124.0m126.1m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

8.4m40.7m96.2m101.0m84.6m92.9m57.2m91.6m

Depreciation and Amortization

14.3m18.8m1.8m1.5m23.9m24.3m28.1m43.3m

Inventories

(3.3m)(16.1m)(11.0m)4.5m7.4m(7.2m)(3.9m)

Accounts Payable

25.2m1.7m36.8m(11.3m)11.1m39.8m(23.1m)
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2014Q1, 2014Q1, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

1.5m1.8m2.6m3.9m27.3m30.6m13.6m19.8m14.6m26.0m21.4m23.5m27.1m21.2m17.2m20.5m44.7m23.7m38.3m69.0m28.3m52.1m93.3m

Depreciation and Amortization

3.4m7.0m10.6m3.9m8.0m11.6m5.2m5.6m12.9m8.4m18.4m30.6m4.8m23.7m

Inventories

(1.5m)(2.5m)(6.1m)(5.2m)(10.9m)(5.7m)(18.1m)(9.9m)

Accounts Payable

82.4m79.5m68.0m74.3m71.2m64.3m69.3m75.9m67.7m(11.1m)1.9m(10.7m)(4.0m)(30.9m)(5.6m)5.7m(18.9m)
USDY, 2020

EV/EBIT

31.2 x

EV/CFO

15.7 x

Financial Leverage

1.7 x
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Methode Electronics Operating Metrics

Methode Electronics's Backlog was reported to be $203.2m in FY, 2017.
FY, 2015FY, 2016Nov, 2016FY, 2017

Backlog

$150 m$137.50 m$203.20 m

Patents Issued

370

Switches Produced Annually

40 m
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Methode Electronics Acquisitions / Subsidiaries

Company NameDateDeal Size
GrakonAugust 22, 2018€420 m

Methode Electronics Revenue Breakdown

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Methode Electronics revenue breakdown by business segment: 80.3% from Automotive, 12.8% from Interface, 7.0% from Power Products and 0.0% from Other

Methode Electronics revenue breakdown by geographic segment: 53.7% from U.S., 12.9% from China, 20.3% from Malta, 6.0% from Canada and 7.2% from Other

Methode Electronics Online and Social Media Presence

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Methode Electronics Company Culture

  • Overall Culture

    C+

    66/100

  • CEO Rating

    D-

    58/100

  • Compensation

    B+

    75/100

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Methode Electronics News and Updates

Methode Electronics, Inc. Reports Fiscal 2020 Third-Quarter Results and Increased Organic Sales Growth

CHICAGO, March 05, 2020 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom-engineered and application-specific products and solutions, announced financial results for the third quarter of Fiscal 2020 ended February 1, 2020.

Methode Electronics, Inc. Reports Fiscal 2020 Second-Quarter Results and Reaffirms Full Year EPS Guidance

CHICAGO, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom-engineered and application-specific products and solutions, announced financial results for the second quarter of Fiscal 2020 ended October 26, 2019.

Methode Electronics, Inc. Reports Record Sales in Fiscal 2020 First-Quarter

CHICAGO, Aug. 29, 2019 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom-engineered and application-specific products and solutions, announced financial results for the first quarter of Fiscal 2020 ended July 27, 2019.

Methode Electronics to Announce First-Quarter Fiscal 2020 Results on Thursday, August 29, 2019

CHICAGO, Aug. 16, 2019 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a global designer and manufacturer of electro-mechanical devices, will release its first-quarter Fiscal 2020 results for the period ended July 27, 2019, on Thursday, August 29, 2019, before the market opens.

Methode Electronics, Inc. Reports Fiscal 2019 Full-Year Sales of Over $1 Billion

Fourth-Quarter and Full-Year Effective Tax Rate Negatively Impacted By Lower Investment Tax Credits Year Over Year Fourth-Quarter and Full-Year Effective Tax Rate Negatively Impacted By Lower Investment Tax Credits Year Over Year

Methode Electronics to Announce Fourth-Quarter Fiscal 2019 Results on Thursday, June 20, 2019

CHICAGO, June 13, 2019 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE:MEI), a global designer and manufacturer of electro-mechanical devices, will release its fourth-quarter Fiscal 2019 results for the period ended April 27, 2019, on Thursday, June 20, 2019, before the market opens.
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Methode Electronics Frequently Asked Questions

  • When was Methode Electronics founded?

    Methode Electronics was founded in 1946.

  • How many employees does Methode Electronics have?

    Methode Electronics has 6,187 employees.

  • What is Methode Electronics revenue?

    Latest Methode Electronics annual revenue is $1 b.

  • What is Methode Electronics revenue per employee?

    Latest Methode Electronics revenue per employee is $161.7 k.

  • Who are Methode Electronics competitors?

    Competitors of Methode Electronics include Visteon, Eaton and Avnet.

  • Where is Methode Electronics headquarters?

    Methode Electronics headquarters is located at 8750 W Bryn Mawr Ave, Chicago.

  • Where are Methode Electronics offices?

    Methode Electronics has offices in Chicago and Harwood Heights.

  • How many offices does Methode Electronics have?

    Methode Electronics has 2 offices.