MEI Q1 2024 Earnings — Methode Electronics, Inc. Revenue & Financial Results | Market Cap Arena

MEIMethode Electronics, Inc.

$208M

Q1 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$290M+2.6% YoY

Gross Profit

$54M18.6% margin

Operating Income

$4M1.3% margin

Net Income

$900,0000.3% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

-3.8%

Cash Flow

Operating Cash Flow

-$6M

Free Cash Flow

-$19M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$642M

Stockholders' Equity

$931M

Cash & Equivalents

$148M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$290M	$282M	+2.6%
Gross Profit	$54M	$62M	-12.6%
Operating Income	$4M	$22M	-82.6%
Net Income	$900,000	$22M	-95.8%

Geographic Segments

North America

$123M42%

EMEA

$103M36%

Asia

$64M22%