---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-046799"
form_type: "8-K"
ticker: "MEI"
cik: "0000065270"
company_name: "METHODE ELECTRONICS INC"
filed_at: "2021-09-02T23:59:59+00:00"
generated_at: "2026-06-29T06:15:52.318309+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Methode Electronics Q1 net sales up 51% to $287.8M; EPS $0.76 vs $0.54 YoY

## Summary
- Net income $29.1M ($0.76 diluted EPS) vs $20.7M ($0.54) in prior-year quarter; income from operations up 147% to $34.1M.
- Automotive segment sales rose 56.5% to $195.8M; Industrial segment sales up 51.0% to $78.5M.
- Electric and hybrid vehicle applications were 16% of net sales; company sees continued EV product growth.
- Quarterly dividend increased from $0.11 to $0.14 per share; $7.6M spent on share repurchases (157,513 shares).
- Fiscal 2022 guidance reaffirmed: net sales $1,175–$1,235M and diluted EPS $3.35–$3.75, subject to supply chain risks.

## SEC filing metadata
- accession: 0001564590-21-046799
- form_type: 8-K
- ticker: MEI
- cik: 0000065270
- company_name: METHODE ELECTRONICS INC
- filed_at: 2021-09-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/65270/000156459021046799/0001564590-21-046799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65270/000156459021046799/mei-8k_20210902.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-046799
- JSON: https://secwatch.observer/filing/0001564590-21-046799.json
- Plain text: https://secwatch.observer/filing/0001564590-21-046799.txt

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