earnings
confidence high
sentiment negative
materiality 0.80
Methode Q4 EPS $0.43 vs $0.81 YoY; FY2022 sales record $1,164M; FY23 guidance $2.70-3.10
METHODE ELECTRONICS INC
2022-FY EPS reported
$2.70
revenue$1,163,600,000
- Q4 net sales $288.7M (-4.1% YoY); net income $16.2M ($0.43 diluted) vs $31.1M ($0.81).
- Full-year net sales record $1,163.6M (+7.0% reported); net income $102.2M ($2.70) vs $122.3M ($3.19).
- EBITDA Q4 $30.8M vs $50.8M; full-year $174.6M vs $191.6M; free cash flow Q4 $33.6M.
- FY2023 guidance: sales $1,160-1,210M, diluted EPS $2.70-3.10, unchanged from preliminary.
- Board authorized additional $100M share buyback (total $200M); 3-year organic sales CAGR target 6%.