Methode Electronics, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jonathan DeGaynor
- Full Time Employees
- 6,650
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- Address
- 25650 West Eleven Mile Road Southfield MI United States of America 48034-2253
- IPO Date
- Oct 20, 1982
- CIK
- 0000065270
- Website
- methode.com
- Similar Companies
- Business
- Methode Electronics, Inc. (NYSE: MEI) designs, engineers, and manufactures custom-engineered mechatronic products and electrical, electronic, and sensing solutions for original equipment manufacturers worldwide; core offerings span user interfaces including solid-state touch-sensitive switches and biometric sensors; sensors and switches such as resistive inks, passenger occupant detection sensors, and industrial safety radio remote controls; power products encompassing power connectors, flexible high-current cabling systems, and power distribution systems; data solutions like copper transceivers and high-speed connectivity for cloud computing infrastructure; and LED lighting systems for automotive, commercial vehicle, and heavy-duty applications. The company operates through three segments—Automotive, Industrial, and Interface—serving end markets including transportation (automotive, commercial vehicles, e-bikes, aerospace, bus, rail), cloud computing, construction equipment, and consumer appliances; it maintains sales, engineering, and manufacturing facilities in North America, Europe, Middle East, and Asia. Founded in 1946 and headquartered in Chicago, Illinois, Methode Electronics employs over 7,200 people and continues to emphasize innovation in magnetic signature sensing and advanced sensor technologies. Recent developments include the 2023 acquisition of Nordic Lights Group Oy, a Finland-based heavy-duty work light supplier, for approximately $142 million to bolster LED lighting and industrial radio remote control capabilities; leadership transition with new CEO Jon DeGaynor driving a significant business transformation focused on cost efficiencies, EV program ramp-ups, and profitable growth projected for fiscal 2026 amid flat fiscal 2025 sales guidance; and reaffirmation of strategic priorities in data centers and automotive despite Q2 fiscal 2026 net sales decline to $246.9 million and net loss of $9.9 million.
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