secwatch.observer — SEC 8-K summary
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Issuer:     METHODE ELECTRONICS INC (MEI)
CIK:        0000065270
Form:       8-K
Filed at:   2022-06-23T23:59:59+00:00
Accession:  0000950170-22-011986
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Methode Q4 EPS $0.43 vs $0.81 YoY; FY2022 sales record $1,164M; FY23 guidance $2.70-3.10
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65270/000095017022011986/0000950170-22-011986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65270/000095017022011986/mei-20220623.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-011986

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