{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-025914","form_type":"8-K","ticker":"MEI","cik":"0000065270","company_name":"METHODE ELECTRONICS INC","filed_at":"2022-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.271261+00:00","generated_at":"2026-06-21T11:17:55.131637+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Methode Electronics reports record Q2 sales $315.9M, EPS $0.75; narrows FY2023 guidance","bullets":["Record net sales $315.9M, up 6.9% YoY; net income $27.6M ($0.75 EPS) vs $27.5M ($0.72) prior year.","Industrial segment record sales $103.8M (+28.6% YoY); Automotive sales flat at $196.9M.","Purchased 508,179 shares for $19.7M; total buyback $102.8M of $200M program.","FY2023 guidance: sales $1,170-1,200M (narrowed from $1,160-1,210M), EPS $2.70-2.90 (narrowed from $2.70-3.10).","EBITDA $46.1M vs $47.4M; free cash flow $7.0M vs $21.6M prior year."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-025914","json":"https://secwatch.observer/filing/0000950170-22-025914.json","markdown":"https://secwatch.observer/filing/0000950170-22-025914.md","text":"https://secwatch.observer/filing/0000950170-22-025914.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65270/000095017022025914/0000950170-22-025914-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65270/000095017022025914/mei-20221201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T11:17:55.131637+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aa58ac0fe34f7cb7848b8503632366c8db10cfe2","claim":"METHODE ELECTRONICS INC reported second quarter of fiscal 2023 ended October 29, 2022 results: revenue $315.9 million, net income $27.6 million, EPS $0.75 per diluted share. Guidance lowered.","evidence_excerpt":"Fiscal Second Quarter 2023 Highlights • Net sales were a record $315.9 million, of which electric and hybrid vehicle applications were 20 percent • Record Industrial segment net sales of $103.8 million • Net income was $27.6 million, or $0.75 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/65270/000095017022025914/0000950170-22-025914-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal 2023 ended October 29, 2022"},{"label":"Revenue","value":"$315.9 million"},{"label":"Net income","value":"$27.6 million"},{"label":"EPS","value":"$0.75 per diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}