---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-059036"
form_type: "8-K"
ticker: "MEI"
cik: "0000065270"
company_name: "METHODE ELECTRONICS INC"
filed_at: "2021-12-02T23:59:59+00:00"
generated_at: "2026-06-28T04:16:54.210888+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Methode Electronics Q2 net income down 29%; lowers FY2022 guidance on supply chain woes

## Summary
- Net sales $295.5M (-1.8% YoY); net income $27.5M ($0.72 EPS) vs $38.6M ($1.01 EPS).
- Record EV/hybrid sales (16% of net sales); Industrial segment sales up 18.9% to $80.7M.
- Automotive segment sales fell 9.1% to $196M on semiconductor shortages; op margin 12.0% vs 18.0%.
- FY2022 guidance cut: net sales $1,140-1,160M (prev. $1,175-1,235M); EPS $3.00-3.20 (prev. $3.35-3.75).
- Repurchased 807,516 shares for $34.8M in Q2; $49.9M used under $100M buyback authorization.

## SEC filing metadata
- accession: 0001564590-21-059036
- form_type: 8-K
- ticker: MEI
- cik: 0000065270
- company_name: METHODE ELECTRONICS INC
- filed_at: 2021-12-02T23:59:59+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/65270/000156459021059036/0001564590-21-059036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65270/000156459021059036/mei-8k_20211202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-059036
- JSON: https://secwatch.observer/filing/0001564590-21-059036.json
- Plain text: https://secwatch.observer/filing/0001564590-21-059036.txt

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