Brief: Methode Electronics, Inc. Reports Fiscal 2024 First Quarter Financial Results

Methode Electronics

07/09/2023 13:11

Sept 7 (Reuters) - Methode Electronics Inc  MEI.N :
    * METHODE ELECTRONICS, INC. REPORTS FISCAL 2024 FIRST
QUARTER
FINANCIAL RESULTS
    * SEES Q2 NET SALES TO BE IN A RANGE OF $285 TO $295 MILLION
    * SEES Q2 DILUTED EARNINGS PER SHARE TO BE IN A RANGE OF
$0.08 TO
$0.13
    * SEES Q2 ADJUSTED DILUTED EARNINGS PER SHARE TO BE IN A
RANGE OF
$0.12 TO $0.17
    * : SEES FY 24 DILUTED EARNINGS PER SHARE TO BE IN A RANGE
OF
$0.80 TO $1.00
    * SEES FY ADJUSTED DILUTED EARNINGS PER SHARE ARE EXPECTED
TO BE
IN A RANGE OF $0.88 TO $1.08
    * FOR FISCAL 2025 FULL YEAR, COMPANY EXPECTS NET SALES TO BE
IN A
RANGE OF $1,250 TO $1,350 MILLION
    * QTRLY  EARNINGS PER SHARE $0.02
    * Q2 EARNINGS PER SHARE VIEW $0.50, REVENUE VIEW $310.5
MILLION --
REFINITIV IBES DATA
    * FY2024 EARNINGS PER SHARE VIEW $1.59, REVENUE VIEW $1.16
BILLION
-- REFINITIV IBES DATA
    * QTRLY ADJUSTED EARNINGS PER SHARE $0.06

Source text for Eikon:  ID:nGNX7dCydY 
Further company coverage:  MEI.N 

 (Reporting by ArsheeyaSingh Bajwa)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com;))