---
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"
generated_at: "2026-06-13T19:28:24.069155+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Methode Q4 EPS $0.22 vs $0.43 YoY; FY2024 guidance $1.55-$1.75, below FY2023 $2.10

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-029284
- JSON: https://secwatch.observer/filing/0000950170-23-029284.json
- Plain text: https://secwatch.observer/filing/0000950170-23-029284.txt

## Key facts
- Earnings Releases
  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.
  - Period: fourth quarter of fiscal 2023 ended April 29, 2023
  - Revenue: $301.2 million
  - Net income: $8.1 million
  - EPS: $0.22 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/65270/000095017023029284/0000950170-23-029284-index.htm
- Earnings Releases
  METHODE ELECTRONICS INC reported financial results for fiscal year ended April 29, 2023.
  - Period: fiscal year ended April 29, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/65270/000095017023029284/0000950170-23-029284-index.htm

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