---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-018003"
form_type: "8-K"
ticker: "MEI"
cik: "0000065270"
company_name: "METHODE ELECTRONICS INC"
filed_at: "2022-09-01T23:59:59+00:00"
generated_at: "2026-06-23T18:06:07.235531+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Methode Electronics Q1 EPS $0.58 vs $0.76 YoY; revenue $282.4M -1.9%; reiterates FY23 guidance

## Summary
- Net income of $21.5M ($0.58 diluted EPS) vs $29.1M ($0.76) in prior year quarter.
- Revenue $282.4M, down 1.9% YoY; unfavorable FX impact of $14.2M partially offset by $11.1M cost recovery.
- Industrial segment sales record $92.1M (+17.3% YoY); Automotive segment fell 9.8% to $176.6M.
- Reaffirmed FY2023 guidance: sales $1.16-1.21B, EPS $2.70-3.10.
- Repurchased 317,635 shares for $11.9M during Q1.

## SEC filing metadata
- accession: 0000950170-22-018003
- form_type: 8-K
- ticker: MEI
- cik: 0000065270
- company_name: METHODE ELECTRONICS INC
- filed_at: 2022-09-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65270/000095017022018003/0000950170-22-018003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65270/000095017022018003/mei-20220901.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-018003
- JSON: https://secwatch.observer/filing/0000950170-22-018003.json
- Plain text: https://secwatch.observer/filing/0000950170-22-018003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.