MEI on NYSE

Methode Electronics

American manufacturing company

Methode Electronics (NYSE: MEI ) is an American multinational company headquartered in Southfield, Michigan, with engineering, manufacturing and sales operations in more than 35 locations in 14 countries. The company employs around 6,500 people worldwide.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

$1.0BRevenue, fiscal 20264
-$35.7MNet income, fiscal 20264
1946Founded1

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  • TickerMEI on NYSE1
  • Industryelectronics1
  • HeadquartersIllinois1
  • Websitemethode.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address25650 West Eleven Mile Road, Southfiled, Mi 480345
  • Filer categoryAccelerated filer5

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Methode Electronics (NYSE: MEI ) is an American multinational company headquartered in Southfield, Michigan, with engineering, manufacturing and sales operations in more than 35 locations in 14 countries. The company employs around 6,500 people worldwide.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

19.8%Gross margin4
0.9%Operating margin4
-3.5%Net margin4
-2.8%Revenue growth, 20264
-5.3%Return on equity4
0.48×Debt to equity4
$15.6MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Industrial brought in 54% of the revenue Methode Electronics broke down this way in fiscal 2026.

  1. Industrial$583.6M454%up 11% from 2025
  2. Automotive$467.7M443%down 8% from 2025
  3. Interface$27.2M43%down 47% from 2025
Business segments by year
Business segments202420252026
Industrial$493.4M$527.1M$583.6M
Automotive$598.2M$508.9M$467.7M
Interface$53.9M$51.8M$27.2M

Regions

EMEA brought in 22% of the revenue Methode Electronics broke down this way in fiscal 2026.

  1. EMEA$457.6M422%up 10% from 2025
  2. North America$399.5M420%down 15% from 2025
  3. United States$378.3M419%down 15% from 2025
  4. MT$204.2M410%up 1% from 2025
  5. Asia$162.1M48%down 0% from 2025
  6. EG$124.9M46%up 25% from 2025
  7. [China [Member]]$124.3M46%down 1% from 2025
  8. Other Countries$118.4M46%up 1% from 2025
  9. FI$69.1M43%up 19% from 2025
Regions by year
Regions202420252026
EMEA$390.4M$417.3M$457.6M
North America$507.9M$468.2M$399.5M
United States$475.6M$445.2M$378.3M
MT$179.5M$202.0M$204.2M
Asia$216.2M$162.6M$162.1M
EG$73.5M$99.9M$124.9M
[China [Member]]$196.3M$125.9M$124.3M
Other Countries$123.1M$116.9M$118.4M
FI$66.5M$58.2M$69.1M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue78¢$817.0M
  • Research and development4¢$37.5M
  • Selling, general and admin16¢$170.3M
  • Income tax2¢$25.0M

Out of $1.0B in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Capital spending59¢$22.4M
  • Dividends paid22¢$8.3M
  • Kept or used elsewhere19¢$7.3M

Out of $38.0M of cash from operations.4

Financial statements

Revenue78910114$1.0B in 2026+2% since 2019
0$500.0M$1.0B$1.5B2019: $1.0B$1.0B20192020: $1.0B$1.0B2020+2%2021: $1.1B$1.1B2021+6%2022: $1.2B$1.2B2022+7%2023: $1.2B$1.2B2023+1%2024: $1.1B$1.1B2024−6%2025: $1.0B$1.0B2025−6%2026: $1.0B$1.0B2026−3%
Gross profit78910114$202.2M in 2026−24% since 2019
0$100.0M$200.0M$300.0M2019: $265.8M$265.8M20192020: $282.9M$282.9M2020+6%2021: $274.1M$274.1M2021−3%2022: $264.9M$264.9M2022−3%2023: $264.1M$264.1M2023−0%2024: $178.8M$178.8M2024−32%2025: $163.4M$163.4M2025−9%2026: $202.2M$202.2M2026+24%
Operating income78910114$8.8M in 2026−92% since 2019
-$200.0M-$100.0M0$100.0M$200.0M2019: $106.8M$106.8M20192020: $147.1M$147.1M2020+38%2021: $127.9M$127.9M2021−13%2022: $111.7M$111.7M2022−13%2023: $90.4M$90.4M2023−19%2024: -$112.0M-$112.0M20242025: -$23.9M-$23.9M2025−79%2026: $8.8M$8.8M2026
Net income78910114-$35.7M in 2026
-$200.0M-$100.0M0$100.0M$200.0M2019: $91.6M$91.6M20192020: $123.4M$123.4M2020+35%2021: $122.3M$122.3M2021−1%2022: $102.2M$102.2M2022−16%2023: $77.1M$77.1M2023−25%2024: -$123.3M-$123.3M20242025: -$62.6M-$62.6M2025−49%2026: -$35.7M-$35.7M2026−43%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2026-04-302025-04-302024-04-30
Net sales$1.0B$1.0B$1.1B
Cost of products sold$817.0M$884.7M$935.7M
Gross profit$202.2M$163.4M$178.8M
Selling and administrative expenses$170.3M$163.9M$160.9M
Goodwill impairment$0$0$105.9M
Amortization of intangibles$23.1M$23.4M$24.0M
Income (loss) from operations$8.8M-$23.9M-$112.0M
Interest expense, net$23.3M$22.0M$16.7M
Other expense (income), net-$3.8M$4.2M-$600.0K
Pre-tax income (loss)-$10.7M-$50.1M-$128.1M
Income tax expense (benefit)$25.0M$12.5M-$4.8M
Net income (loss) attributable to Methode-$35.7M-$62.6M-$123.3M
Basic-$1.01-$1.77-$3.48
Diluted-$1.01-$1.77-$3.48
Cash dividends per share$0.22$0.56$0.56

Compare Methode Electronics with another company

Leadership

Who has led Methode Electronics, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Donald W. Duda2004–2023
  2. Avinash Avula2024
  3. Kevin J. Nystrom2024
  4. Jonathan B. Degaynor2024–now

Chair

  1. William T. Jensen2003

President

  1. Donald W. Duda2003–2004
  2. Jonathan B. Degaynor2024–now

Chief financial officer

  1. Douglas A. Koman2004–2016
  2. John R. Hrudicka2016
  3. Ronald L.g. Tsoumas2019–2024
  4. David A. Rawden2024
  5. Laura Michele Kowalchik2024–now

Chief operating officer

  1. Joseph Elias Khoury2020–2022
197019801990200020102020
Board members and other officers (47)

Products and brands

  • electronic component

Listed on Wikidata.1

Acquisitions

In 1962, Methode acquired Carter Precision Electric Co., Inc., expanding its position into automotive controls and switches.

In October 2017, Methode acquired Pacific Insight Electronics Corp., a Canada-based designer and manufacturer of automotive and commercial vehicle lighting and electronics.

The transaction, valued at approximately US $114 million, expanded Methode’s position with North American OEMs and added development resources and manufacturing capacity in Canada and Mexico.

On August 20, 2018, Methode announced it had entered a definitive agreement to acquire Grakon Parent, Inc., a global supplier of interior and exterior lighting systems, controls, and trim components for commercial vehicle OEMs, including heavy truck, bus, rail, and powersports manufacturers. The acquisition closed later in 2018 at a purchase price of approximately US $420 million, representing Methode’s largest acquisition to date and significantly expanding its footprint in the heavy-duty and specialty vehicle lighting market.

From Wikipedia’s article on Methode Electronics, shared under CC BY-SA 4.0.6

Former names

  • METHODE ELECTRONICS INCFeb 14, 1994 to Oct 5, 20265

Timeline

  1. Jul 15, 2024New chief executive Jonathan B. Degaynor becomes CEO19
  2. May 16, 2024New chief executive Kevin J. Nystrom becomes CEO18
  3. Jan 30, 2024New chief executive Avinash Avula becomes CEO17
  4. Jun 22, 2004New chief executive Donald W. Duda becomes CEO20
  5. 1946Founded Founded1

Filings

384 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 48 major events, 256 insider forms, 29 large holders, 31 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Sep 25, 20268-K EDGAR
  3. Sep 24, 20264 EDGAR
  4. Sep 24, 20264 EDGAR
  5. Sep 24, 20264 EDGAR
  6. Sep 24, 20264 EDGAR
  7. Sep 24, 20264 EDGAR
  8. Sep 24, 20264 EDGAR
  9. Sep 24, 20264 EDGAR
  10. Sep 24, 20264 EDGAR
  11. Sep 24, 20264 EDGAR
  12. Sep 24, 20264 EDGAR
  13. Sep 24, 20264 EDGAR
  14. Sep 24, 20264 EDGAR
  15. Sep 17, 20268-K EDGAR
  16. Sep 16, 2026S-8 EDGAR
  17. Sep 14, 20264 EDGAR
  18. Sep 3, 20264 EDGAR
  19. Sep 2, 202610-Q EDGAR
  20. Sep 2, 20268-K EDGAR

The 384 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

18 open-market trades by officers, directors and large owners since October 2021: 6 buys and 12 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 14, 2025Ullrich LarsSVP Global Automotive BusinessBuy15,150$6.69$101.4KForm 4
Mar 11, 2025DeGaynor Jonathan BCEO and PresidentBuy32,733$6.46$211.4KForm 4
Sep 23, 2024LINDSEY MARY ADirectorBuy8,800$11.38$100.1KForm 4
Sep 18, 2024Blom David PDirectorBuy9,320$10.81$100.7KForm 4
Sep 21, 2023DUDA DONALD WChief Executive OfficerBuy23,245$21.80$506.6KForm 4
Sep 20, 2023ASPATORE WALTER JDirectorBuy1,000$22.50$22.5KForm 4
Dec 12, 2022DUDA DONALD WChief Executive OfficerSale7,246$47.17$341.8KForm 4
Dec 9, 2022SKATOFF LAWRENCE BDirectorSale2,000$46.90$93.8KForm 4
Dec 8, 2022Cadwallader Brian JDirectorSale2,200$46.80$103.0KForm 4
Dec 8, 2022DUDA DONALD WChief Executive OfficerSale3,004$47.02$141.2KForm 4
Dec 7, 2022DUDA DONALD WChief Executive OfficerSale29,750$47.17$1.4MForm 4
Dec 6, 2022ASPATORE WALTER JDirectorSale9,000$48.67$438.0KForm 4
Dec 6, 2022Dawson DarrenDirectorSale3,500$48.14$168.5KForm 4
Sep 19, 2022Khoury Joseph EliasChief Operating OfficerSale12,000$38.50$462.0KForm 4
Jun 28, 2022Khoury Joseph EliasChief Operating OfficerSale8,000$38.55$308.4KForm 4
Dec 17, 2021SKATOFF LAWRENCE BDirectorSale800$44.89$35.9KForm 4
Dec 6, 2021Khoury Joseph EliasChief Operating OfficerSale20,000$45.45$909.0KForm 4
Oct 1, 2021SKATOFF LAWRENCE BDirectorSale1,955$42.66$83.4KForm 4

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 29 such filings since October 2021, the latest 10:

  1. May 15, 2026SCHEDULE 13G
  2. Mar 27, 2026SCHEDULE 13G/A
  3. Nov 5, 2025SCHEDULE 13G/A
  4. Sep 8, 2025SCHEDULE 13G/A
  5. Nov 12, 2024SC 13G/A
  6. Nov 7, 2024SC 13G/A
  7. Nov 4, 2024SC 13G/A
  8. Oct 31, 2024SC 13G/A
  9. Oct 21, 2024SC 13G/A
  10. Jul 8, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,464,774$65.7M0.0%−325,891
Ameriprise Financial Inc1,870,511$35.5M0.0%−108,770
AIGH Capital Management LLC1,678,409$31.8M2.9%New
Vanguard Capital Management LLC1,505,404$28.6M0.0%−2,497
Vanguard Portfolio Management LLC1,432,391$27.2M0.0%+20,926
Federated Hermes, Inc.1,353,621$25.7M0.0%−216,754
Dimensional Fund Advisors LP1,328,497$25.2M0.0%−23,465
Aqr Capital Management LLC1,266,388$24.0M0.0%+248,669
American Century Companies Inc1,251,002$23.7M0.0%+302,241
Charles Schwab Investment Management Inc974,384$18.5M0.0%−278,739
Geode Capital Management, LLC908,696$17.2M0.0%+97,642
ACK Asset Management LLC877,500$16.6M1.9%New
IES Holdings, Inc.865,768$16.4M5.3%New
Driehaus Capital Management LLC852,786$16.2M0.1%New
State Street Corp717,280$13.6M0.0%−8,729
Towle & Co645,605$12.2M4.1%−73,242
Two Sigma Investments, LP629,659$11.9M0.0%−70,290
Hotchkis & Wiley Capital Management LLC627,323$11.9M0.0%−226,080
Empowered Funds, LLC626,350$11.9M0.1%−5,996
Congruence Capital, LLC441,582$8.4M2.2%New
D. E. Shaw & Co., Inc.425,066$8.1M0.0%−192,907
Northern Trust Corp321,691$6.1M0.0%+32,247
Bank of New York Mellon Corp275,836$5.2M0.0%−7,156
Deutsche Bank Ag\262,646$5.0M0.0%+240,731
Sei Investments Co248,378$4.7M0.0%−217,595

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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