{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-006837","form_type":"8-K","ticker":"MEI","cik":"0000065270","company_name":"METHODE ELECTRONICS INC","filed_at":"2023-03-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.773416+00:00","generated_at":"2026-06-18T07:53:23.073827+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Methode Q3 EPS $0.54 vs $0.78 YoY; guides FY2023 lower; announces Nordic Lights tender","bullets":["Net sales $280.1M (-3.9% YoY); net income $19.9M ($0.54 diluted EPS) vs $29.4M ($0.78) prior year.","Record EV/HEV sales at 24% of total; Industrial segment sales up 13.8% on power distribution for EVs and data centers.","Full-year FY2023 guidance revised: net sales $1,155-$1,180M (from $1,170-$1,200M); EPS $2.50-$2.60 (from $2.70-$2.90).","Announced public tender offer for Nordic Lights Group at EUR 6.30/share (~EUR 132M equity value); expected close H2 2023.","Free cash flow $42.9M vs $11.8M a year ago; repurchased 179,700 shares for $8.0M in the quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-006837","json":"https://secwatch.observer/filing/0000950170-23-006837.json","markdown":"https://secwatch.observer/filing/0000950170-23-006837.md","text":"https://secwatch.observer/filing/0000950170-23-006837.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65270/000095017023006837/0000950170-23-006837-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65270/000095017023006837/mei-20230309.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T07:53:23.073827+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":"b9c130caa4ec5a83bd0a982e5df89978a25ed87d","claim":"METHODE ELECTRONICS INC reported third quarter ended January 28, 2023 results: revenue $280.1 million, net income $19.9 million, EPS $0.54 per diluted share.","evidence_excerpt":"distribution applications, today announced financial results for the third quarter of fiscal 2023 ended January 28, 2023. Fiscal Third Quarter 2023 Highlights • Net sales were $280.1 million, of which electric and hybrid vehicle applications were a record 24 percent • Compared to the third quarter of fiscal 2022, net sales were down 3.9%. Excluding foreign currency","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/65270/000095017023006837/0000950170-23-006837-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended January 28, 2023"},{"label":"Revenue","value":"$280.1 million"},{"label":"Net income","value":"$19.9 million"},{"label":"EPS","value":"$0.54 per diluted share"},{"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"}