Methode Electronics, Inc. (MEI)

Methode Electronics Income Statement

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 3, 2025	Apr 27, 2024	Apr 29, 2023	Apr 30, 2022	May 1, 2021
Revenue	1,048	1,115	1,180	1,164	1,088
Revenue Growth (YoY)	-5.96%	-5.52%	1.38%	6.95%	6.26%
Cost of Revenue	883.6	934	915.5	898.7	809.1
Gross Profit	164.5	180.5	264.1	264.9	278.9
Selling, General & Admin	162.3	158.4	148.1	130.8	117.8
Operating Expenses	185.7	182.4	166.9	149.9	137.1
Operating Income	-21.2	-1.9	97.2	115	141.8
Interest Expense	-22.7	-17.4	-4	-3.5	-5.2
Currency Exchange Gain (Loss)	-4.8	-1.5	-5.8	-1.9	-
Other Non Operating Income (Expenses)	0.8	0.8	9.5	12.2	12.2
EBT Excluding Unusual Items	-47.9	-20	96.9	121.8	148.8
Merger & Restructuring Charges	-2.7	-4.2	-6.8	-	-8.2
Impairment of Goodwill	-	-105.9	-	-	-
Gain (Loss) on Sale of Assets	0.5	2	-	-	-
Legal Settlements	-	-	-	-3.3	-5.7
Pretax Income	-50.1	-128.1	90.1	118.5	134.9
Income Tax Expense	12.5	-4.8	13	16.3	12.6
Earnings From Continuing Operations	-62.6	-123.3	77.1	102.2	122.3
Net Income	-62.6	-123.3	77.1	102.2	122.3
Net Income to Common	-62.6	-123.3	77.1	102.2	122.3
Net Income Growth	-	-	-24.56%	-16.43%	-0.89%
Shares Outstanding (Basic)	35	35	36	37	38
Shares Outstanding (Diluted)	35	35	37	38	38
Shares Change (YoY)	-0.39%	-3.55%	-2.76%	-1.28%	1.22%
EPS (Basic)	-1.77	-3.48	2.14	2.74	3.22
EPS (Diluted)	-1.77	-3.48	2.10	2.70	3.19
EPS Growth	-	-	-22.22%	-15.36%	-2.15%
Free Cash Flow	-15.2	-2.7	90.8	60.8	154.9
Free Cash Flow Per Share	-0.43	-0.08	2.47	1.61	4.04
Dividend Per Share	0.560	0.560	0.560	0.560	0.440
Dividend Growth	-	-	-	27.27%	-
Gross Margin	15.70%	16.20%	22.39%	22.77%	25.63%
Operating Margin	-2.02%	-0.17%	8.24%	9.88%	13.03%
Profit Margin	-5.97%	-11.06%	6.54%	8.78%	11.24%
Free Cash Flow Margin	-1.45%	-0.24%	7.70%	5.22%	14.24%
EBITDA	37.3	56	146.7	167.6	193.3
EBITDA Margin	3.56%	5.03%	12.44%	14.40%	17.77%
D&A For EBITDA	58.5	57.9	49.5	52.6	51.5
EBIT	-21.2	-1.9	97.2	115	141.8
EBIT Margin	-2.02%	-0.17%	8.24%	9.88%	13.03%
Effective Tax Rate	-	-	14.43%	13.76%	9.34%

Updated Jul 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q