Methode Electronics, Inc. Announces Earnings Guidance for the First Quarter and Full Fiscal Year 2022
June 24, 2021 at 07:00 am EDT
Share
Methode Electronics, Inc. announce earnings guidance for the first quarter and full fiscal year 2022. The company expects net sales for the fiscal first quarter to be in the range of $285 to $300 million and diluted earnings per share to be in the range of $0.68 to $0.80.
For the fiscal year 2022, the company expects net sales in to be in the range of $1,175 to $1,235 million and diluted earnings per share to be in the range of $3.35 to $3.75.
Methode Electronics, Inc. is a supplier of custom engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East, and Asia. The Company operates through four segments: Automotive, Industrial, Interface and Medical. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers (OEMs). The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars and devices, custom power-product assemblies, such as its PowerRail solution, high-current low-voltage flexible power cabling systems and powder-coated busbars. The Interface segment provides a variety of copper-based transceivers and user interface solutions. The Medical segment is made up of its medical device business, Dabir Surfaces, with its surface support technology aimed at pressure injury prevention.
METHODE ELECTRONICS, INC. 
