{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-029284","form_type":"8-K","ticker":"MEI","cik":"0000065270","company_name":"METHODE ELECTRONICS INC","filed_at":"2023-06-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.933343+00:00","generated_at":"2026-06-13T19:28:24.069155+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 Q4 EPS $0.22 vs $0.43 YoY; FY2024 guidance $1.55-$1.75, below FY2023 $2.10","bullets":["Q4 net sales $301.2M (+4.3% YoY); net income $8.1M ($0.22 diluted) vs $16.2M ($0.43) prior year.","Record EV application sales at 23% of sales; $250M+ in new program awards, 80% EV.","Industrial segment sales $98.0M (+24.2%); operating margin 23.9% vs 13.2%.","Nordic Lights acquisition 99.4% complete for EUR 131M; expected to close in Q2 FY2024.","FY2024 guidance: sales $1,150-$1,200M, EPS $1.55-$1.75; FY2025: sales $1,250-$1,350M, op margin 11-12%."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-029284","json":"https://secwatch.observer/filing/0000950170-23-029284.json","markdown":"https://secwatch.observer/filing/0000950170-23-029284.md","text":"https://secwatch.observer/filing/0000950170-23-029284.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65270/000095017023029284/0000950170-23-029284-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65270/000095017023029284/mei-20230622.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T19:28:24.069155+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":"3b09e9b46ce87df018b64249b896c9a4d2f8e683","claim":"METHODE ELECTRONICS INC reported fourth quarter of fiscal 2023 ended April 29, 2023 results: revenue $301.2 million, net income $8.1 million, EPS $0.22 per diluted share.","evidence_excerpt":"applications, today announced financial results for the fourth quarter and full year of fiscal 2023 ended April 29, 2023. Fiscal Fourth Quarter 2023 Highlights • Net sales were $301.2 million • Electric and hybrid vehicle applications were 23 percent of net sales, a record on a dollar basis • Net income was $8.1 million, or $0.22 per diluted share • Net cash provided","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/65270/000095017023029284/0000950170-23-029284-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of fiscal 2023 ended April 29, 2023"},{"label":"Revenue","value":"$301.2 million"},{"label":"Net income","value":"$8.1 million"},{"label":"EPS","value":"$0.22 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"55f21adb59b2116af9ebdc77299837bd93776c16","claim":"METHODE ELECTRONICS INC reported financial results for fiscal year ended April 29, 2023.","evidence_excerpt":"On June 22, 2023, Methode Electronics, Inc. (the “Company”) issued a press release announcing its financial results for its fourth quarter and fiscal year ended April 29, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/65270/000095017023029284/0000950170-23-029284-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended April 29, 2023"},{"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"}