OverviewSuggest Edit

Methode Electronics is a company that designs, engineers, and produces mechatronic products for original equipment manufacturers (OEMs) utilizing a range of technologies for user interface, light-emitting diode (LED) lighting system, power distribution, and sensor applications. The company operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment offers electronic and electro-mechanical devices and related products to automobile EOMs. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars and devices, custom power-product assemblies, etc. The Interface segment provides a variety of copper based transceivers and related accessories for the cloud computing hardware equipment and telecommunications broadband equipment markets. The Medical segment develops a technology for use by patients who are immobilized or otherwise at risk for pressure injuries, including patients undergoing long-duration surgical procedures.
TypePublic
Founded1946
HQChicago, IL, US
Websitemethode.com
Employee Ratings3.3
Overall CultureC

Latest Updates

Employees (est.) (May 2021)7,200(+20%)
Job Openings53
Revenue (FY, 2021)$1.1 B(+7%)
Share Price (Jan 2022)$48.7
Cybersecurity ratingCMore
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Key People/Management at Methode Electronics

Donald W. Duda

Donald W. Duda

Director, President & CEO
Andrea Barry

Andrea Barry

Executive Vice President and Chief Human Resources Officer
Joseph E. Khoury

Joseph E. Khoury

Chief Operating Officer
Ronald L.G. Tsoumas

Ronald L.G. Tsoumas

Chief Financial Officer
Timothy R. Glandon

Timothy R. Glandon

Vice President
Robert Cherry

Robert Cherry

VP Investor Relations
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Methode Electronics Office Locations

Methode Electronics has offices in Chicago, Harwood Heights, Oklahoma City, San Jose and in 16 other locations
Chicago, IL, US (HQ)
8750 W Bryn Mawr Ave #1000
Harwood Heights, IL, US
7447 W Wilson Ave
Nasr, EG
Nasr, Egypt
Balzan, MT
Mriehel, Triq L-Imdina
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Methode Electronics Financials and Metrics

Methode Electronics Revenue

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Methode Electronics's revenue was reported to be $1.09 b in FY, 2021 which is a 6.3% increase from the previous period.
USD

Revenue (Q2, 2022)

295.5m

Gross profit (Q2, 2022)

69.2m

Gross profit margin (Q2, 2022), %

23.4%

Net income (Q2, 2022)

27.5m

EBIT (Q2, 2022)

33.2m

Market capitalization (3-Jan-2022)

1.8b

Closing stock price (3-Jan-2022)

48.7

Cash (30-Oct-2021)

177.2m

EV

1.9b
Methode Electronics's current market capitalization is $1.8 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

1.0b1.0b1.1b

Revenue growth, %

10%2%6%

Cost of goods sold

734.5m741.0m813.9m

Gross profit

265.8m282.9m274.1m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

270.2m257.2m285.9m190.9m300.8m295.3m287.8m295.5m

Cost of goods sold

194.4m188.6m206.6m145.8m220.0m222.7m216.1m226.3m

Gross profit

75.8m68.6m79.3m45.1m80.8m72.6m71.7m69.2m

Gross profit Margin, %

28%27%28%24%27%25%25%23%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

83.2m217.3m233.2m

Accounts Receivable

219.3m188.5m282.5m

Inventories

116.7m131.0m124.2m

Current Assets

453.5m565.6m674.0m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

91.6m123.4m122.3m

Depreciation and Amortization

43.3m48.3m51.5m

Inventories

(3.9m)(15.8m)11.3m

Accounts Payable

(23.1m)(47.5m)59.5m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

28.3m52.1m93.3m20.7m59.3m91.2m29.1m56.6m

Depreciation and Amortization

11.8m23.7m36.0m12.1m24.7m38.2m12.6m25.9m

Inventories

(5.7m)(18.1m)(9.9m)9.1m13.0m11.8m(18.5m)(25.8m)

Accounts Payable

(5.6m)5.7m(18.9m)15.0m49.7m59.3m(8.1m)(1.3m)
USDFY, 2019

EV/EBIT

12.1 x

EV/CFO

12.7 x

Revenue/Employee

161.7k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x

P/E Ratio

12.1
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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$137.5 m$203.2 m

Patents Issued

370

Switches Produced Annually

40 m
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Methode Electronics Acquisitions / Subsidiaries

Company NameDateDeal Size
GrakonSeptember 12, 2018$422.1 m
Pacific InsightOctober 03, 2017$108.7 m
ProcoplastJuly 27, 2017$22.2 m
HetronicOctober 01, 2008$53.6 m
TouchSensor TechnologiesMarch 01, 2007$65 m
Automotive Safety TechnologiesAugust 01, 2001$12.6 m
Polycore TechnologiesMay 04, 1999$2.77 m
OptokonJanuary 01, 1999
Adam TechnologiesMay 05, 1997
ABAS, Inc.
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Methode Electronics Revenue Breakdown

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Methode Electronics revenue breakdown by geographic segment: 8.0% from Mexico, 46.9% from U.S., 17.8% from China, 15.9% from Malta and 11.3% from Other

Methode Electronics Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

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

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Methode Electronics Company Culture

  • Overall Culture

    C

    65/100

  • CEO Rating

    C

    65/100

  • Compensation

    B-

    69/100

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Methode Electronics News and Updates

Methode Electronics, Inc. Reports Fiscal Second Quarter 2022 Financial Results

Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the second quarter of fiscal 2022 ended October 30, 2021.

Methode Electronics, Inc. Reports Fiscal Second Quarter 2022 Financial Results

CHICAGO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the second quarter of fiscal 2022 ended October 30,…

Methode Electronics to Announce Second Quarter Fiscal 2022 Results on Thursday, December 2, 2021

CHICAGO, Nov. 18, 2021 (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 second quarter fiscal 2022 results for the period en…

Methode Electronics to Announce Second Quarter Fiscal 2022 Results on Thursday, December 2, 2021

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 second quarter fiscal 2022 results for the period ended October 30, 2021, on Thursday, December 2…

Methode Electronics to Present at the Sidoti Fall Virtual Investor Conference

CHICAGO, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, will present at the Sidoti Fall Virtual Investor Conference on Thursday, September 23 at…

Methode Electronics, Inc. Reports Fiscal 2022 First Quarter Financial Results

CHICAGO, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting and power distribution applications, today announced financial results for the first quarter of Fiscal 2022 ended July 31, 20…
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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 Donald W. Duda, Andrea Barry and Joseph E. Khoury.

  • How many employees does Methode Electronics have?

    Methode Electronics has 7,200 employees.

  • What is Methode Electronics revenue?

    Latest Methode Electronics annual revenue is $1.1 b.

  • What is Methode Electronics revenue per employee?

    Latest Methode Electronics revenue per employee is $151.1 k.

  • Who are Methode Electronics competitors?

    Competitors of Methode Electronics include Avnet, Eaton and Visteon.

  • Where is Methode Electronics headquarters?

    Methode Electronics headquarters is located at 8750 W Bryn Mawr Ave #1000, Chicago.

  • Where are Methode Electronics offices?

    Methode Electronics has offices in Chicago, Harwood Heights, Oklahoma City, San Jose and in 16 other locations.

  • How many offices does Methode Electronics have?

    Methode Electronics has 20 offices.