Methode Electronics (MEI) stock price, revenue, and financials

Methode Electronics market cap is $1.2 b, and annual revenue was $1 b in FY 2019

$1.2 B

MEI Mkt cap, 30-Jun-2020

$285.9 M

Methode Electronics Revenue Q3, 2020
Methode Electronics Gross profit (Q3, 2020)79.3 M
Methode Electronics Gross profit margin (Q3, 2020), %27.7%
Methode Electronics Net income (Q3, 2020)41.2 M
Methode Electronics EBIT (Q3, 2020)41.5 M
Methode Electronics Cash, 01-Feb-202079.9 M
Methode Electronics EV1.4 B

Methode Electronics Revenue

Methode Electronics revenue was $1 b in FY, 2019

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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 Income Statement

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

Gross profit Margin, %

18%18%20%25%26%27%26%27%

R&D expense

23.7m

General and administrative expense

69.9m66.3m100.8m105.2m115.7m142.9m

Operating expense total

71.8m52.5m103.2m107.5m121.3m159.0m

Depreciation and amortization

1.8m

EBIT

11.4m39.2m73.6m112.2m109.7m110.8m118.3m106.8m

EBIT margin, %

2%8%10%13%14%14%13%11%

Interest expense

272.0k1.3m900.0k

Interest income

700.0k400.0k

Pre tax profit

11.4m38.0m75.9m110.9m115.9m123.8m103.6m

Income tax expense

3.2m(2.5m)(20.3m)19.8m26.3m23.0m66.6m12.0m

Net Income

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

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%

General and administrative expense

18.6m18.3m16.8m17.3m15.2m15.8m18.9m19.6m22.1m25.4m22.2m23.2m21.5m24.5m26.1m27.4m26.5m24.3m29.6m31.2m29.5m48.0m32.4m

Operating expense total

18.6m18.3m16.8m17.3m(4.8m)15.8m18.9m19.6m22.1m25.4m22.2m23.2m21.5m24.5m26.1m27.4m26.5m24.3m29.6m32.3m31.4m51.7m38.3m37.2m37.9m37.8m

Depreciation and amortization

1.1m1.9m3.7m5.5m4.8m4.7m4.8m

EBIT

1.4m2.6m2.4m4.2m27.1m4.3m15.1m21.7m16.4m34.8m28.3m30.4m34.7m26.4m21.5m26.7m29.1m29.1m25.4m29.7m28.7m19.1m26.0m38.6m30.7m41.5m

EBIT margin, %

1%2%2%4%21%3%9%11%9%15%13%15%17%13%12%14%14%15%13%13%13%7%11%14%12%15%

Interest expense

43.0k194.0k615.0k117.0k88.0k2.9m

Pre tax profit

1.5m2.4m2.0m4.3m26.5m4.1m14.9m21.2m16.0m34.7m28.4m30.9m35.2m26.9m22.7m26.7m31.1m30.3m24.8m29.1m28.2m17.6m27.7m35.6m

Income tax expense

22.0k2.2m1.2m430.0k3.2m855.0k1.3m1.4m1.4m8.7m7.0m7.4m8.1m5.7m5.5m5.5m6.2m6.6m4.3m4.9m4.5m3.0m(3.0m)7.3m5.2m2.8m

Net Income

1.5m311.0k809.0k3.9m23.4m3.3m13.6m19.8m14.6m26.0m21.4m23.5m27.1m21.2m17.2m20.5m24.2m23.7m14.6m30.7m28.3m23.8m41.2m

Methode Electronics Balance Sheet

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

Current Assets

240.4m258.7m381.7m438.3m496.2m530.3m550.0m453.5m

PP&E

77.2m98.4m101.2m93.3m93.0m90.6m162.2m191.9m

Goodwill

16.4m12.9m13.0m1.7m1.7m1.6m59.2m233.3m

Total Assets

403.6m434.9m575.5m605.8m655.9m704.0m915.9m1.2b

Accounts Payable

54.8m61.5m82.0m70.1m68.2m75.3m89.5m91.9m

Short-term debt

26.0m4.4m29.6m

Current Liabilities

91.9m90.5m119.1m130.6m117.9m124.4m157.0m180.9m

Long-term debt

48.0m43.5m48.0m5.0m57.0m27.0m53.4m276.9m

Non-Current Liabilities

361.1m

Total Debt

48.0m69.5m48.0m5.0m57.0m27.0m57.8m306.5m

Total Liabilities

542.0m

Common Stock

19.2m19.2m19.1m19.1m19.2m

Additional Paid-in Capital

77.7m81.5m89.8m102.2m112.3m132.2m136.5m150.4m

Retained Earnings

154.0m184.4m269.2m356.5m358.6m427.0m472.0m545.2m

Total Equity

255.2m289.6m392.2m459.0m470.1m541.1m630.0m689.7m

Debt to Equity Ratio

0.1 x0 x0.1 x0 x0.1 x

Debt to Assets Ratio

0.1 x0 x0.1 x0 x0.1 x

Financial Leverage

1.6 x1.5 x1.5 x1.3 x1.4 x1.3 x1.5 x1.8 x

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

Current Assets

222.7m225.9m219.8m240.2m248.7m233.5m292.2m317.6m325.0m412.8m385.5m427.1m415.1m450.4m453.7m487.9m497.1m499.1m546.9m568.9m523.9m491.1m446.4m461.3m465.4m463.9m

PP&E

61.9m67.0m69.2m81.4m89.9m93.4m100.3m117.4m126.9m165.3m187.9m189.1m196.4m198.1m497.9m

Goodwill

16.4m16.4m16.4m16.4m17.2m17.3m12.9m13.0m12.9m12.9m12.9m1.6m12.8m1.6m1.6m1.7m1.6m1.6m18.0m66.8m58.8m233.9m236.8m233.6m233.2m

Total Assets

361.2m370.2m368.0m405.5m422.4m411.1m473.9m502.5m507.2m593.5m575.7m587.8m587.6m609.9m612.6m656.1m666.5m667.0m783.4m898.3m892.8m1.3b1.2b1.3b1.3b1.3b

Accounts Payable

37.8m40.7m41.7m54.0m56.7m46.5m76.2m78.4m70.9m82.4m79.5m68.0m74.3m71.2m64.3m69.3m75.9m67.7m81.2m99.3m79.0m105.6m88.6m90.7m97.1m88.8m

Short-term debt

25.0m24.9m25.4m26.4m2.3m3.9m15.3m15.2m15.4m15.2m15.1m

Current Liabilities

64.8m66.6m68.7m89.8m89.6m78.9m103.3m106.6m98.9m130.0m119.0m104.0m125.2m111.5m109.3m105.2m113.9m111.2m126.5m152.3m136.8m192.2m176.4m180.8m184.3m163.6m

Long-term debt

27.0m36.5m39.5m56.5m46.0m40.0m52.5m51.5m50.0m30.0m38.0m2.0m20.0m22.0m55.0m54.0m49.0m37.0m47.6m105.5m116.0m49.2m342.3m287.7m288.3m22.8m263.8m

Non-Current Liabilities

373.8m365.8m345.8m

Total Debt

27.0m36.5m39.5m81.5m70.9m65.4m78.9m51.5m50.0m30.0m38.0m2.0m20.0m22.0m55.0m54.0m49.0m37.0m47.6m107.8m116.0m53.1m357.6m302.9m303.7m38.0m278.9m

Total Liabilities

194.0m291.5m260.6m627.2m552.1m554.6m550.1m509.4m

Common Stock

19.2m19.2m19.2m19.2m19.2m19.2m19.3m19.1m19.2m19.2m19.2m19.2m19.2m19.2m

Additional Paid-in Capital

74.0m75.6m76.7m78.6m79.4m80.1m83.7m85.6m88.7m95.7m92.8m106.2m96.9m108.7m111.5m117.1m121.2m125.2m136.3m139.4m138.5m147.3m148.2m152.9m154.4m

Retained Earnings

154.9m152.6m150.8m155.3m176.1m176.8m195.4m212.6m224.5m309.7m287.1m376.5m333.3m364.1m341.6m376.2m387.2m407.2m446.6m467.4m490.0m500.0m526.7m568.9m588.5m625.6m

Total Equity

259.4m257.1m250.6m250.6m277.8m283.1m305.3m330.2m342.1m422.6m407.9m470.0m430.9m464.7m437.1m485.9m492.8m507.9m589.4m606.8m632.2m643.3m674.1m714.3m732.6m772.9m

Debt to Equity Ratio

0.2 x0.1 x0.1 x0.1 x0 x0 x0 x0.1 x0.1 x0.1 x0.1 x0.1 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0 x0 x0 x0.1 x0.1 x0.1 x0.1 x0.1 x

Financial Leverage

1.4 x1.4 x1.5 x1.6 x1.5 x1.5 x1.6 x1.5 x1.5 x1.4 x1.4 x1.3 x1.4 x1.3 x1.4 x1.4 x1.4 x1.3 x1.3 x1.5 x1.4 x2 x1.8 x1.8 x1.8 x1.7 x

Methode Electronics Cash Flow

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

Accounts Receivable

(13.5m)(21.2m)(50.0m)(6.0m)5.6m2.8m1.5m

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)

Cash From Operating Activities

24.8m33.2m72.4m51.7m110.7m145.2m117.8m102.0m

Purchases of PP&E

(25.7m)(38.6m)(29.0m)(23.2m)(22.4m)(47.7m)(49.8m)

Cash From Investing Activities

(32.1m)(40.0m)(22.9m)(21.6m)(21.7m)(179.0m)(470.8m)

Short-term Borrowings

(4.0m)(41.5m)(120.5m)

Long-term Borrowings

(19.0m)(30.0m)(79.4m)

Dividends Paid

(10.4m)(10.4m)(13.5m)(13.7m)(14.7m)(16.3m)

Cash From Financing Activities

37.9m(14.3m)(1.4m)(28.7m)(47.0m)(12.7m)217.4m

Net Change in Cash

29.4m(21.0m)59.7m66.2m(47.9m)(162.9m)

Interest Paid

8.8m

Income Taxes Paid

5.9m27.8m

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

Accounts Receivable

172.4m156.7m159.7m145.2m165.2m146.6m155.8m172.0m153.8m15.1m(15.6m)6.4m(8.2m)12.2m(12.8m)10.7m(10.5m)

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)

Cash From Operating Activities

6.5m1.7m11.9m6.2m22.7m32.9m8.7m23.6m45.2m20.0m36.2m64.3m19.1m67.8m82.6m

Purchases of PP&E

(4.6m)(9.1m)(16.6m)(11.4m)(23.6m)(30.0m)(9.3m)(8.0m)(129.9m)(18.2m)(28.6m)(37.0m)(13.2m)(26.8m)(34.9m)

Cash From Investing Activities

(4.6m)(15.5m)(23.0m)(11.4m)(25.0m)(31.4m)(9.3m)(29.9m)(146.0m)(165.0m)(18.2m)(449.5m)(458.3m)(13.2m)(26.2m)(34.4m)

Short-term Borrowings

(27.0m)(36.5m)(39.5m)(8.5m)(14.5m)(2.0m)(2.8m)(3.6m)(46.6m)(103.3m)(10.7m)(44.2m)(93.9m)

Long-term Borrowings

(26.5m)(36.5m)(5.5m)(200.0k)(300.0k)(500.0k)

Dividends Paid

(2.6m)(5.2m)(7.8m)(2.6m)(5.2m)(7.8m)(2.6m)(3.4m)(6.8m)(4.1m)(8.6m)(12.7m)(4.1m)(8.2m)(12.2m)

Cash From Financing Activities

24.6m31.5m31.9m5.9m(7.2m)(15.8m)7.5m(5.7m)51.2m(9.4m)291.1m232.3m(14.4m)(26.7m)(49.7m)

Net Change in Cash

27.0m18.1m19.4m(1.6m)(9.8m)(13.4m)7.6m3.9m(35.4m)(17.6m)(135.2m)(172.4m)(9.4m)12.4m(3.3m)

Interest Paid

5.6m7.6m

Income Taxes Paid

10.9m16.2m

Methode Electronics Ratios

USDQ1, 2012

Financial Leverage

1.4 x

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

Methode Electronics Employee Rating

3.676 votes
Culture & Values
3.2
Work/Life Balance
3.6
Senior Management
3.3
Salary & Benefits
3.5
Career Opportunities
3.3
Source