MEI Q1 2023 Earnings — Methode Electronics, Inc. Revenue & Financial Results | Market Cap Arena

MEIMethode Electronics, Inc.

$208M

Q1 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$282M-1.9% YoY

Gross Profit

$62M21.9% margin

Operating Income

$22M7.7% margin

Net Income

$22M7.6% margin

EPS (Diluted)

$0.58

QoQ Revenue Growth

-2.2%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$3M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$479M

Stockholders' Equity

$911M

Cash & Equivalents

$152M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$282M	$288M	-1.9%
Gross Profit	$62M	$72M	-13.8%
Operating Income	$22M	$34M	-36.1%
Net Income	$22M	$29M	-26.1%