MEI Q2 2024 Earnings — Methode Electronics, Inc. Revenue & Financial Results | Market Cap Arena

MEIMethode Electronics, Inc.

$208M

Q2 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$288M-8.8% YoY

Gross Profit

$52M18.2% margin

Operating Income

-$51M-17.8% margin

Net Income

-$55M-19.2% margin

EPS (Diluted)

$-1.55

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

-$600,000

Free Cash Flow

-$11M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$640M

Stockholders' Equity

$845M

Cash & Equivalents

$123M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$288M	$316M	-8.8%
Gross Profit	$52M	$74M	-29.4%
Operating Income	-$51M	$33M	-256.4%
Net Income	-$55M	$28M	-300.4%

Geographic Segments

North America

$136M47%

EMEA

$93M32%

Asia

$59M21%