MEI Q2 2023 Earnings — Methode Electronics, Inc. Revenue & Financial Results | Market Cap Arena

MEIMethode Electronics, Inc.

$208M

Q2 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$316M+6.9% YoY

Gross Profit

$74M23.5% margin

Operating Income

$33M10.4% margin

Net Income

$28M8.7% margin

EPS (Diluted)

$0.75

QoQ Revenue Growth

+11.9%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

$7M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$496M

Stockholders' Equity

$899M

Cash & Equivalents

$130M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$316M	$296M	+6.9%
Gross Profit	$74M	$69M	+7.1%
Operating Income	$33M	$33M	-1.2%
Net Income	$28M	$28M	+0.4%