MEI Q3 2024 Earnings — Methode Electronics, Inc. Revenue & Financial Results | Market Cap Arena

MEIMethode Electronics, Inc.

$208M

Q3 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$260M-7.4% YoY

Gross Profit

$37M14.3% margin

Operating Income

-$3M-1.2% margin

Net Income

-$12M-4.5% margin

EPS (Diluted)

$-0.33

QoQ Revenue Growth

-9.9%

Cash Flow

Operating Cash Flow

$29M

Free Cash Flow

$12M

Stock-Based Comp.

-$2M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$657M

Stockholders' Equity

$835M

Cash & Equivalents

$123M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$260M	$280M	-7.4%
Gross Profit	$37M	$65M	-43.0%
Operating Income	-$3M	$27M	-111.0%
Net Income	-$12M	$20M	-158.3%

Geographic Segments

North America

$115M44%

EMEA

$90M34%

Asia

$55M21%