Methode Electronics Inc.  (MEI)
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Lackluster results at MEI all along the financial time-frame ending July 30 2022

MEI announced first quarter of 2022 operating surplus of $21.8 millions

Published 2022-09-02T17:08:42+00:00
Goran Soko / CSIMarket.com Contributer

Interior_pd the Electronic Instruments & Controls company announced disappointing results, eps deteriorated by -23.68 % to $0.58 from $0.76 and Revenue depreciated by -1.876 % to $282.40 millions in the May to July 30 2022 period, year on year.

From the prior reporting period, earnings grew from $0.43 per share and Revenue decreased by -2.182 % from $288.70 millions.

Net earnings of $21.500 millions in the May to July 30 2022 period fell by -26.12 % from $29.100 millions in the corresponding period a year before. Looking further into May to July 30 2022 period Methode Electronics Inc.'s profitability, operating margin mitigated to 7.72%, and net margin shrank to 7.61%.
Operating earnings, fell -36.07% to $21.8 millions, squeezing Methode Electronics Inc.'s operating margin to %.

Methode Electronics Inc. is expected to report next financial results on December 01, 2022.

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