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Methode Electronics Inc  (MEI)
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    Sector  Technology    Industry Electronic Instruments & Controls
 
 

EARNINGS REPORT by CSIMarket

Strong Eps Underlines Double Digits Sales Growth


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Methode Electronics Inc announced forth quarter 2018 operating surplus of $27.6 millions



For the forth quarter 2018 earnings jumped by 56.6 % to $0.97 per share, followed by Sales increase of 13.34 % to $249 millions, compared with the prior year period.

From third quarter 2017, EPS turn positive from $-0.65 per share and Sales advanced by 9.21 % from $228 millions.

Net income of $37 millions in the forth quarter 2018 increased by 59.31 % from net earnings of $23 millions reported in the forth quarter 2018 a year ago. Although operating margin fell to 11.08%, in the forth quarter 2018, the company's net margin actually improved to 14.78%.
Looking into financial results for the fiscal year 2018, Methode Electronics Inc reported Sales of $908 millions and net income of $57 millions.

Electronic Instruments & Controls Company explained also, that Earnings deteriorated by -38.71 % to $1.52 per share from $2.48 in the previous fiscal year, while Sales advanced by 11.24 % from $817 millions a year ago.
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