{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-027550","form_type":"8-K","ticker":"MEI","cik":"0000065270","company_name":"METHODE ELECTRONICS INC","filed_at":"2023-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.933124+00:00","generated_at":"2026-06-14T02:25:18.932101+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Methode reports preliminary FY2023 record sales $1,183M; EPS below guidance range","bullets":["Record FY2023 net sales ~$1,183M (+2% YoY), above guidance of $1,155-1,180M.","GAAP diluted EPS expected $2.10-$2.14, below prior guidance of $2.50-$2.60 due to acquisition costs and higher expenses.","FY2024 guidance: net sales $1,150-1,200M; diluted EPS $1.55-$1.75, citing program roll-offs and market headwinds.","FY2025 guidance: net sales $1,250-1,350M; operating margin 11-12%; ~11% organic growth from FY2024 midpoint.","CEO cites unexpected early sunsetting of an EV program in FY2024 due to customer technology change."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-027550","json":"https://secwatch.observer/filing/0000950170-23-027550.json","markdown":"https://secwatch.observer/filing/0000950170-23-027550.md","text":"https://secwatch.observer/filing/0000950170-23-027550.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65270/000095017023027550/0000950170-23-027550-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65270/000095017023027550/mei-20230612.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T02:25:18.932101+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":"b0d2fa3629f19d2d8e06928b98abb8796b9f8e0e","claim":"METHODE ELECTRONICS INC reported fiscal year ended April 29, 2023 results: revenue $1,183 million, EPS $2.10 to $2.14.","evidence_excerpt":"organic sales and earnings growth in fiscal 2025 over fiscal 2024.\" Preliminary Financial Results for Fiscal 2023 The company expects to report record net sales of approximately $1,183 million for fiscal 2023, which would represent a two percent increase from the prior fiscal year. This compares to the previously provided net sales guidance range of $1,155 to $1,180.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/65270/000095017023027550/0000950170-23-027550-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended April 29, 2023"},{"label":"Revenue","value":"$1,183 million"},{"label":"EPS","value":"$2.10 to $2.14"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}