---
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"
generated_at: "2026-06-14T02:25:18.932101+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Methode reports preliminary FY2023 record sales $1,183M; EPS below guidance range

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/65270/000095017023027550/0000950170-23-027550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65270/000095017023027550/mei-20230612.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-027550
- JSON: https://secwatch.observer/filing/0000950170-23-027550.json
- Plain text: https://secwatch.observer/filing/0000950170-23-027550.txt

## Key facts
- Earnings Releases
  METHODE ELECTRONICS INC reported fiscal year ended April 29, 2023 results: revenue $1,183 million, EPS $2.10 to $2.14.
  - Period: fiscal year ended April 29, 2023
  - Revenue: $1,183 million
  - EPS: $2.10 to $2.14
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/65270/000095017023027550/0000950170-23-027550-index.htm

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