METHODE ELECTRONICS INC

Listed Company

MEICIK 0000065270NYSEAcceleratedElectronic ConnectorsDelawareFY ends May 3

Period

FY 2026

Revenue

$1.02B

Net Income

$-35.70M

Total Assets

$1.31B

Equity

$677.50M

Shares Out

35.47M

Op. Cash Flow

$38.00M

MEI$14.96+121.56% · past yearDBEQ Basic

Daily closing prices

Business

Methode Electronics is a global supplier of custom engineered mechatronic products and solutions for OEMs and tiered suppliers. The company designs, engineers, and manufactures power distribution systems (busbars, smart connect systems, battery disconnect units, circuit boards), user interface components, LED lighting solutions, and sensor applications. Its reportable segments are Automotive, Industrial, and Interface, serving transportation, cloud computing & data center infrastructure, and construction equipment markets across North America, Europe, the Middle East, and Asia.

Summary from 10-K filed 2026-06-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-04-30	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30
Net sales	1,019	1,048	1,115	1,180	1,164
Cost of products sold	817	885	936	916	899
Gross profit	202	163	179	264	265
Selling and administrative expenses	170	164	161	155	134
Goodwill impairment	0	0	106	—	—
Amortization of intangibles	23	23	24	19	19
Income (loss) from operations	9	−24	−112	90	112
Interest expense, net	23	22	17	3	4
Other expense (income), net	−4	4	−600,000	−2	−10
Pre-tax income (loss)	−11	−50	−128	90	119
Income tax expense (benefit)	25	13	−5	13	16
Net income (loss) attributable to Methode	−36	−63	−123	77	102
Basic	−1.01	−1.77	−3.48	2.14	2.74
Diluted	−1.01	−1.77	−3.48	2.1	2.7
Cash dividends per share	0.22	0.56	0.56	0.56	0.56

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-04-30	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30
Cash and cash equivalents	140	104	162	157	172
Accounts receivable, net	257	241	263	314	273
Inventories, net	179	194	186	160	159
Income tax receivable	3	4	4	13	8
Prepaid expenses and other current assets	21	17	19	21	17
Total current assets	600	560	638	664	629
Property, plant and equipment, net	209	222	212	220	197
Goodwill	175	173	170	302	233
Other intangible assets, net	219	238	257	257	208
Operating lease right-of-use assets, net	21	24	27	28	20
Deferred tax assets	40	38	35	34	37
Pre-production costs	18	32	44	36	27
Other long-term assets	25	20	22	38	38
Total long-term assets	706	746	766	915	760
Total assets	1,306	1,306	1,404	1,579	1,389
Accounts payable	134	126	132	139	109
Accrued employee liabilities	49	32	38	37	30
Other accrued liabilities	46	50	46	35	25
Short-term operating lease liabilities	9	7	7	7	6
Short-term debt	200,000	200,000	200,000	3	13
Income tax payable	16	18	8	8	7
Total current liabilities	254	233	231	228	189
Long-term debt	325	317	331	304	198
Long-term operating lease liabilities	15	18	21	22	15
Other long-term liabilities	6	17	17	14	14
Deferred tax liabilities	30	27	29	42	38
Total long-term liabilities	375	379	406	398	287
Total liabilities	629	613	638	626	475
Common stock, $0.50 par value, 100,000,000 shares authorized, 36,806,583 shares and 37,151,365 shares issued as of May 2, 2026 and May 3, 2025, respectively	18	19	18	19	19
Additional paid-in capital	200	192	184	181	169
Accumulated other comprehensive loss	−9	−30	−37	−19	−27
Treasury stock, 1,346,624 shares as of May 2, 2026 and May 3, 2025	−12	−12	−12	−12	−12
Retained earnings	479	524	612	773	764
Total shareholders' equity	678	693	766	942	914
Total liabilities and shareholders' equity	1,306	1,306	1,404	1,579	1,389

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-04-30	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30
Depreciation and amortization	59	59	58	50	53
Stock-based compensation expense	9	7	4	12	12
Amortization of debt issuance costs	2	1	800,000	700,000	700,000
Partial write-off of unamortized debt issuance costs	600,000	1	0	—	—
(Gain) loss on sale of property, plant and equipment	−400,000	−500,000	−2	600,000	−300,000
(Gain) loss on sale of business	−11	0	0	—	—
Impairment of long-lived assets	1	1	2	700,000	3
Inventory obsolescence	8	20	10	8	—
Change in deferred income taxes	2	−6	−21	−5	−2
Other	−900,000	2	−800,000	800,000	500,000
Accounts receivable, net	−12	23	48	−21	−2
Inventories, net	8	−26	−41	1	−39
Prepaid expenses and other assets	5	17	7	−25	2
Accounts payable	7	−5	−5	20	−9
Other liabilities	−2	−5	4	14	−21
Net cash provided (used) by operating activities	38	26	48	133	99
Purchases of property, plant and equipment	−22	−42	−50	−42	−38
Proceeds from redemption of life insurance	3	0	11	—	—
Proceeds from settlement of net investment hedge	0	3	600,000	—	—
Proceeds from disposition of assets	5	6	21	4	600,000
Proceeds from sale of business	15	0	0	—	—
Net cash provided (used) by investing activities	1	−33	−18	−153	−37
Taxes paid related to net share settlement of equity awards	−1	−4	−4	−500,000	−300,000
Repayments of finance leases	−200,000	−200,000	−200,000	−400,000	−700,000
Debt issuance costs	−2	−2	−1	−3	—
Purchases of common stock	0	−2	−14	−48	−65
Cash dividends	−8	−20	−20	−20	−20
Purchase of redeemable noncontrolling interest	0	0	−11	—	—
Proceeds from borrowings	89	138	238	345	—
Repayments of borrowings	−91	−169	−207	−271	−29
Net cash provided (used) by financing activities	−14	−59	−19	3	−115
Effect of foreign currency exchange rate changes on cash and cash equivalents	11	8	−7	2	−8
Increase (decrease) in cash and cash equivalents	36	−58	5	−15	−61
Interest	21	23	17	6	4
Income taxes, net of refunds	25	22	15	26	32

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is METHODE ELECTRONICS INC's CIK number?

METHODE ELECTRONICS INC's SEC CIK number is 0000065270 (65270). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find METHODE ELECTRONICS INC's SEC filings?

All of METHODE ELECTRONICS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did METHODE ELECTRONICS INC last report earnings?

METHODE ELECTRONICS INC (MEI) most recently filed an earnings 8-K with the SEC on Jun 24, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000065270-26-000030). This is METHODE ELECTRONICS INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is METHODE ELECTRONICS INC's most recent earnings 8-K?

METHODE ELECTRONICS INC's latest earnings 8-K (Item 2.02) was filed Jun 24, 2026 under accession 0000065270-26-000030. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View METHODE ELECTRONICS INC's latest earnings 8-K →
Look up any company's CIK number →