Methode Electronics is a global leader in the design and manufacturing of customized electronic components and solutions
The company specializes in providing innovative products for a variety of industries, including automotive, industrial, and medical sectors. With a focus on advanced technology and engineering, Methode develops a wide range of applications such as sensors, connectors, switches, and other electronic assemblies that enhance functionality and performance in complex systems. Their commitment to quality and innovation has positioned them as a key partner for customers seeking tailored electronic solutions that meet the evolving demands of modern technology.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Hubbell (NYSEHUBB) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Sanmina (NASDAQSANM) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the electrical systems industry, including Powell (NASDAQPOWL) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Allegion (NYSEALLE).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Verra Mobility (NASDAQVRRM) and the rest of the electrical systems stocks fared in Q3.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Atkore (NYSEATKR).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Acuity Brands (NYSEAYI) and the rest of the electrical systems stocks fared in Q3.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q3, starting with Methode Electronics (NYSEMEI).
Shares of custom-engineered solutions manufacturer Methode Electronics (NYSEMEI)
jumped 33% in the morning session after the company reported impressive third-quarter earnings that blew past analysts' revenue, EPS, and EBITDA expectations. Sales were driven by higher volumes of power distribution products for data centers. However, the business also observed some softness in the automotive market in Asia. Looking ahead, the company reaffirmed its sales target for the full year (fiscal 2025) while raising its operating income guidance, reflecting a more optimistic outlook. Zooming out, we think this quarter featured some important positives.
Custom-engineered solutions manufacturer Methode Electronics (NYSEMEI) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 1.6% year on year to $292.6 million. Its non-GAAP profit of $0.14 per share was significantly above analysts’ consensus estimates.
