---
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"
generated_at: "2026-06-21T11:17:55.131637+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Methode Electronics reports record Q2 sales $315.9M, EPS $0.75; narrows FY2023 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025914
- JSON: https://secwatch.observer/filing/0000950170-22-025914.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025914.txt

## Key facts
- Earnings Releases
  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.
  - Period: second quarter of fiscal 2023 ended October 29, 2022
  - Revenue: $315.9 million
  - Net income: $27.6 million
  - EPS: $0.75 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/65270/000095017022025914/0000950170-22-025914-index.htm

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