Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended January 27, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ______ to ______ Commission file number 001-33731 METHODE ELECTRONICS, INC. (Exact name of registrant as specified in its charter) Delaware ...

Thank you, Rob and good morning everyone. Thank you for joining us for fiscal 2024 second quarter earnings conference call. I am joined today by Ron Tsoumas, our Chief Financial Officer. Both Ron and I will have opening comments and then we will take your questions. LetÂ's begin on Slide 4. Our sales for the quarter were a solid $288 million. Sales were down year-over-year primarily due to program roll-offs, a tough comp to the prior year in Asia due to COVID delayed sales in China, continued softness in th ...

FISCAL 2024 SECOND QUARTER FINANCIAL RESULTS December 7, 2023 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect, when made, our current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to our operations and business environment, which may cause our actual results to be materially different from any future resu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended October 28, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ______ to ______ Commission file number 001-33731 METHODE ELECTRONICS, INC. (Exact name of registrant as specified in its charter) Delaware ...

财务数据和关键指标变化 - 第一季度净销售额为2.897亿美元，较上年同期增长2.6% [18] - 第一季度运营收入下降82.6%，降至380万美元，主要由于运营效率低下和销售费用增加 [19] - 第一季度稀释每股收益下降96.6%，降至0.02美元，受到运营效率低下和不利的产品销售组合影响 [20] 各条业务线数据和关键指标变化 - 汽车部门销售下降，主要受到客户补偿材料和高额运费回收的显著下降影响 [7] - 工业部门销售增长，主要得益于商用车辆的照明解决方案 [7] - 电动汽车（EV）销售占总销售额的22%，并获得超过3000万美元的年度EV项目奖励 [11] 各个市场数据和关键指标变化 - 北美市场的运营效率低下，导致生产计划缺陷和库存短缺 [9] - 由于电动自行车市场的显著疲软，预计将对未来的收益指导产生影响 [10] - 医疗业务的退出被认为是最佳财务路径，管理层决定不再继续该业务 [11] 公司战略和发展方向和行业竞争 - 公司正在专注于照明和电力解决方案的战略方向，以推动业务增长 [15] - 计划在未来几年内推出超过20个新项目，预计将推动2025财年的有机增长 [15] - 公司将继续在电动汽车领域寻求机会，尽管面临OEM接受率和项目时间安排的挑战 [11] 管理层对经营环境和未来前景的评论 - 管理层对第一季度的运营效率表示失望，并承诺采取纠正措施 [14] - 预计第二季度将继续受到第一季度运营效率低下的影响，EPS预计将受到类似的影响 [23] - 对于2024财年的销售指导下调，主要是由于传感器业务的疲软和运营效率问题 [24] 其他重要信息 - 公司在第一季度增加了债务，主要用于支持销售和新项目的资本支出 [21] - 第一季度自由现金流为负1940万美元，较上年同期的正310万美元下降 [22] - 预计2024财年的资本支出在6000万到7000万美元之间 [25] 问答环节所有提问和回答 问题: 关于汽车部门的劳动力和供应商问题 - 管理层表示，问题的严重性在7月才显现，主要是由于运输成本的急剧上升 [30] - 对于未来的信心，管理层认为可以通过纠正措施来解决当前的运营问题 [31] 问题: 关于价格成本和客户关系 - 管理层提到与客户的价格谈判非常困难，但将继续努力提高毛利率 [33] 问题: 关于Dabir业务的退出 - 管理层表示，Dabir业务的退出是经过深思熟虑的决定，未来将专注于电动汽车和传感器业务 [39] 问题: 关于电动自行车市场的影响 - 管理层指出，电动自行车市场的客户库存过剩，导致对未来收益的影响 [45] 问题: 关于数据中心市场的表现 - 管理层提到主要客户在数据中心业务中库存过剩，影响了公司的预期 [50] 问题: 关于SG&A费用的正常化 - 管理层预计下半年的SG&A费用将高于历史水平，但会在11%到12%之间 [52]

15 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect, when made, our current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to our operations and business environment, which may cause our actual results to be materially different from any future results, expressed or implied, by such forward-looking statemen ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended July 29, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ______ to ______ Commission file number 001-33731 METHODE ELECTRONICS, INC. (Exact name of registrant as specified in its charter) Delaware 36- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-33731 METHODE ELECTRONICS, INC. (Exact name of Registrant as specified in its charter) Delaware 36-2090085 (State or o ...

Robert Cherry - VP, IR Don Duda - President and CEO Ron Tsoumas - CFO Operator Company Participants John Franzreb - Sidoti & Company Gary Prestopino - Barrington Research Matt Sheerin - Stifel At this time, all participants are in a listen-only mode and a question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded. Robert Cherry Methode Electronics, Inc. (NYSE:MEI) Q4 2023 Results Conference Call June 22, 2023 11:00 AM ET Conference ...

财务数据和关键指标变化 - 第三季度销售额为2.8亿美元，同比下降4%，但排除外汇和材料成本影响后增长4% [6] - 第三季度稀释每股收益(EPS)为0.54美元，同比下降30.8% [18] - 第三季度毛利率为23.2%，同比下降50个基点 [19] - 第三季度EBITDA为3610万美元，同比下降24.6% [20] - 第三季度自由现金流为4290万美元 [22] 各条业务线数据和关键指标变化 - 工业部门销售额增长，主要得益于电动汽车和数据中心电力分配解决方案 [6] - 电动汽车产品销售额占公司总销售额的24%，创历史新高 [16] 各个市场数据和关键指标变化 - 亚洲市场电动汽车报价活动明显增加 [10] - 预计电动汽车将占公司2023财年总销售额的21% [16] 公司战略和发展方向和行业竞争 - 公司战略重点转向工业业务，减少对用户界面解决方案的依赖 [6] - 公司计划通过收购Nordic Lights扩大LED照明解决方案业务，增加工业和非汽车运输市场曝光 [12] - 公司重申三年有机销售复合年增长率目标为6% [24] 管理层对经营环境和未来前景的评论 - 管理层预计2023财年剩余时间将继续面临材料成本通胀压力 [23] - 管理层预计2024财年有机增长将持平，主要受数据中心和商用车市场疲软影响 [24] - 管理层对2025财年实现6%有机增长目标持乐观态度，主要得益于电动汽车项目 [24] 其他重要信息 - 公司已回购1.11亿美元股票，占董事会授权的2亿美元的一半 [8] - 公司债务降至2018年收购Grakon以来的最低水平 [21] 问答环节所有提问和回答 问题: 2024财年有机增长预期 - 管理层预计2024财年有机增长将持平，主要受亚洲汽车和数据中心市场疲软以及商用车市场下滑影响 [29][31] 问题: 电动汽车项目的地理分布 - 电动汽车项目遍布北美、欧洲和中国市场 [35][36] 问题: 材料成本通胀和定价策略 - 管理层预计材料成本通胀将持续到2024财年，定价策略仍在调整中 [39][40] 问题: 2023财年遗留项目影响 - 2023财年遗留项目影响约为7000万至7500万美元 [44] 问题: 2025财年有机增长预期 - 管理层对2025财年实现6%有机增长目标持乐观态度，主要得益于电动汽车项目和商用车市场复苏 [47][48] 问题: 2023财年税率变化 - 2023财年预计税率为16%至17%，较之前下降1个百分点 [51] 问题: Nordic Lights业务范围 - Nordic Lights业务遍布全球，主要面向OEM客户，同时拥有高利润的售后市场业务 [55][56]