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 Ratings3.4
Overall CultureC+

Latest Updates

Employees (est.) (Apr 2019)6,187(+23%)
Job Openings18
Revenue (FY, 2020)$1 B(+3%)
Share Price (Nov 2020)$37
Cybersecurity ratingBMore

Key People/Management at Methode Electronics

Walter J. Aspatore

Walter J. Aspatore

Chairman
Andrea Barry

Andrea Barry

Chief Human Resources Officer
David P. Blom

David P. Blom

Director
Donald W. Duda

Donald W. Duda

Director, President & CEO
Therese Bobek

Therese Bobek

Director
Timothy R. Glandon

Timothy R. Glandon

Vice President
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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
Show all (2)

Methode Electronics Financials and Metrics

Methode Electronics Revenue

Methode Electronics's revenue was reported to be $1.02 b in FY, 2020
USD

Revenue (Q1, 2021)

190.9m

Gross profit (Q1, 2021)

45.1m

Gross profit margin (Q1, 2021), %

23.6%

Net income (Q1, 2021)

20.7m

EBIT (Q1, 2021)

13.8m

Market capitalization (17-Nov-2020)

1.4b

Closing stock price (17-Nov-2020)

37.0
Methode Electronics's current market capitalization is $1.4 b.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

465.1m519.8m772.8m881.1m809.1m816.5m908.3m1.0b1.0b

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, 2020Q1, 2021

Revenue

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

Cost of goods sold

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

Gross profit

20.0m20.9m19.3m21.5m22.3m20.0m34.0m41.4m38.5m60.2m50.5m53.6m56.2m50.9m47.6m54.1m55.6m53.4m55.6m62.0m60.1m70.8m64.3m75.8m68.6m79.3m45.1m

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%24%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

86.8m65.8m116.4m168.1m227.8m294.0m246.1m83.2m217.3m

Accounts Receivable

98.4m119.8m165.3m202.6m219.3m188.5m

Prepaid Expenses

12.5m14.8m20.0m15.9m

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, 2020Q1, 2021

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, 2019FY, 2020

Net Income

8.4m40.7m96.2m101.0m84.6m92.9m57.2m91.6m123.4m

Depreciation and Amortization

14.3m18.8m1.8m1.5m23.9m24.3m28.1m43.3m48.3m

Inventories

(3.3m)(16.1m)(11.0m)4.5m7.4m(7.2m)(3.9m)(15.8m)

Accounts Payable

25.2m1.7m36.8m(11.3m)11.1m39.8m(23.1m)(47.5m)
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, 2020Q1, 2021

Net Income

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

Depreciation and Amortization

3.4m7.0m10.6m3.9m8.0m11.6m5.2m5.6m12.9m8.4m18.4m30.6m4.8m23.7m12.1m

Inventories

(1.5m)(2.5m)(6.1m)(5.2m)(10.9m)(5.7m)(18.1m)(9.9m)9.1m

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)
USDQ1, 2012

Financial Leverage

1.4 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
Show all operating metrics

Methode Electronics Acquisitions / Subsidiaries

Company NameDateDeal Size
GrakonAugust 22, 2018€420 m

Methode Electronics Revenue Breakdown

Embed Graph

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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Methode Electronics Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Methode Electronics Online and Social Media Presence

Embed Graph

Methode Electronics Company Culture

  • Overall Culture

    C+

    66/100

  • CEO Rating

    D-

    58/100

  • Compensation

    B+

    75/100

Learn more on Comparably

Methode Electronics News and Updates

Methode Electronics, Inc. Updates Sales Guidance and Initiates Earnings Guidance for Fiscal Second Quarter 2021

CHICAGO, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced an update today to its fiscal second quarter 2021 financial guidance.

Methode Electronics, Inc. Reports Fiscal First Quarter 2021 Financial Results

CHICAGO, Sept. 03, 2020 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced financial results for the fiscal first quarter of 2021 ended August 1, 2020.

Methode Electronics, Inc. Reports Fiscal 2020 Fourth Quarter and Record Full Year Financial Results

CHICAGO, June 30, 2020 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced financial results for the fourth quarter and full year of Fiscal 2020 ended May 2, 2020.

Methode Electronics, Inc. Announces Preliminary Financial Results for Fiscal 2020

CHICAGO, May 28, 2020 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced preliminary, unaudited financial results for the fiscal year ended May 2, 2020 (Fiscal 2020) and provided commen…

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.
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Methode Electronics Frequently Asked Questions

  • When was Methode Electronics founded?

    Methode Electronics was founded in 1946.

  • Who are Methode Electronics key executives?

    Methode Electronics's key executives are Walter J. Aspatore, Andrea Barry and David P. Blom.

  • 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 $165.5 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.