Methode Electronics Inc (Methode) is a technology company that offers products such as user interface, lighting, sensors, medical devices, power distribution and digital data. The company’s user interface products include touch panels, touchscreens, ergo-switches, ergo-knobs, center stacks, center consoles, door switches, overhead consoles and access modules among others. Methode data products include copper transceivers and modules, data center cabinets and cages among others. The company also provides surface controllers, ultrasonic welding, scroll pumps, hidden switches, discrete and analog switching, lighting control modules and work lamps. It has manufacturing facilities in the US, China, Belgium, Egypt, Malta, Canada, and Mexico. Methode is headquartered in Chicago, Illinois, the US.
Headquarters
United States of America
Address
8750 West Bryn Mawr Avenue, Suite 1000, Chicago, Illinois, 60631
Website
www.methode.com
Telephone
1 708 8676777
No of Employees
6,700
Industry
Technology and Communications
Ticker Symbol & Exchange
MEI (NYSE)
Revenue (2023)
$1.2B
1.4%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-24.6%
(2023 vs 2022)
Market Cap*
$435.0M
Net Profit Margin (2023)
XYZ
-25.5%
(2023 vs 2022)
* As of and is in US$
Methode Electronics Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Mechatronic Products |
| User Interface: |
| Touch panels |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In April, the company acquired 80.7% stake in Nordic Lights Group Corporation. |
| 2019 | Contracts/Agreements | In October, the company entered into an sales and marketing distribution agreement with LEA Networks to market and sell mDPU and associated SFP modules. |
| 2018 | Contracts/Agreements | In August, the company entered into an agreement to acquire Grakon Parent, Inc. |
Competitor Comparison
| Key Parameters | Methode Electronics Inc | Littelfuse Inc | Gentex Corporation | Powell Industries Inc | CTS Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Chicago | Chicago | Zeeland | Houston | Lisle |
| State/Province | Illinois | Illinois | Michigan | Texas | Illinois |
| No. of Employees | 6,700 | 18,000 | 5,466 | 2,363 | 4,209 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Walter J. Aspatore | Chairman | Executive Board | 2012 | 80 |
| Lawrence B. Skatoff | Vice Chairman | Executive Board | 2004 | 83 |
| Avi Avula | Chief Executive Officer; President | Senior Management | 2024 | - |
| Ronald L.G. Tsoumas | Chief Financial Officer | Senior Management | 2018 | 62 |
| Joseph E. Khoury | Senior Vice President; Chief Operating Officer | Senior Management | 2018 | 59 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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