Company Profile For Methode Electronics, Inc.

Methode Electronics, Inc. (MEI.N) (New York Stock Exchange)

sector: Industrials · industry: Electrical Components & Equipment ·

As of 24 Nov 2009

8.30USD

Price Change

+0.01

Percent Change

+0.12%

Analyst Recommendations

Overview

Methode Electronics, Inc. (Methode) is a global designer and manufacturer of electro-mechanical devices. Methode designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless, sensing and optical technologies. Its components are found in the primary end markets of the aerospace, appliance, automotive, consumer and industrial equipment markets, communications (including information processing and storage, networking equipment, wireless and terrestrial voice/data systems), rail and other transportation industries. The Company operates in four business segments: Automotive, Interconnect, Power Products and Other. On September 30, 2008, Methode acquired certain assets of Hetronic LLC (Hetronic).

Quick Financial Synopsis

BRIEF: For the three months ended 01 August 2009, Methode Electronics Inc.'s revenues decreased 33% to $91.2M. Net loss totaled $19K vs. an income of $6.8M. Revenues reflect decreased income from Automotive segment and Power Products business segments. Net loss reflects the presence of interest expenses, vs. income and lower gross margin. Methode Electronics, Inc. (Methode) is a global designer and manufacturer of electro-mechanical devices.