METHODE ELECTRONICS INC

For the period ended Jan 27, 2024. Filed Mar 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jan 27, 2024 · Filed Mar 7, 2024

MEI$11.86-2.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Shareholders’ Equity (unaudited) - Three and

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited)

(in millions, except share data)

	Redeemable noncontrolling interest	Commonstockshares	Commonstock	Additionalpaid-incapital	Accumulatedothercomprehensiveincome (loss)	Treasurystock	Retainedearnings	Totalshareholders'equity
Balance as of October 28, 2023	$—	37,034,050	$18.5	$183.8	$(42.9)	$(11.5)	$697.0	$844.9
Issuance of restricted stock, net of tax withholding	—	65,666	—	—	—	—	—	—
Cancellation of restricted stock	—	(144,000)	(0.1)	0.1	—	—	—	—
Purchases of common stock	—	(130,592)	—	—	—	—	(3.0)	(3.0)
Stock-based compensation expense	—	—	—	(2.2)	—	—	—	(2.2)
Other comprehensive income	—	—	—	—	11.7	—	—	11.7
Net loss	—	—	—	—	—	—	(11.6)	(11.6)
Dividends on common stock	—	—	—	—	—	—	(4.8)	(4.8)
Balance as of January 27, 2024	$—	36,825,124	$18.4	$181.7	$(31.2)	$(11.5)	$677.6	$835.0

	Redeemable noncontrolling interest	Commonstockshares	Commonstock	Additionalpaid-incapital	Accumulatedothercomprehensiveincome (loss)	Treasurystock	Retainedearnings	Totalshareholders'equity
Balance as of October 29, 2022	$—	37,505,633	$18.7	$174.7	$(54.3)	$(11.5)	$771.2	$898.8
Issuance of restricted stock, net of tax withholding	—	9,164	—	—	—	—	—	—
Exercise of stock options	—	40,000	—	1.5	—	—	—	1.5
Purchases of common stock	—	(179,700)	(0.1)	—	—	—	(7.9)	(8.0)
Stock-based compensation expense	—	—	—	2.7	—	—	—	2.7
Other comprehensive income	—	—	—	—	32.7	—	—	32.7
Net income	—	—	—	—	—	—	19.9	19.9
Dividends on common stock	—	—	—	—	—	—	(5.0)	(5.0)
Balance as of January 28, 2023	$—	37,375,097	$18.6	$178.9	$(21.6)	$(11.5)	$778.2	$942.6

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Unaudited) (continued)

(in millions, except share data)

	Redeemable noncontrolling interest	Commonstockshares	Commonstock	Additionalpaid-incapital	Accumulatedothercomprehensiveincome (loss)	Treasurystock	Retainedearnings	Totalshareholders'equity
Balance as of April 29, 2023	$11.1	37,167,375	$18.6	$181.0	$(19.0)	$(11.5)	$772.7	$941.8
Issuance of restricted stock, net of tax withholding	—	255,120	0.1	(0.1)	—	—	(3.8)	(3.8)
Cancellation of restricted stock	—	(144,000)	(0.1)	0.1	—	—	—	—
Purchase of redeemable noncontrolling interest	(11.1)	—	—	—	—	—	—	—
Purchases of common stock	—	(453,371)	(0.2)	—	—	—	(10.6)	(10.8)
Stock-based compensation expense	—	—	—	0.7	—	—	—	0.7
Other comprehensive loss	—	—	—	—	(12.2)	—	—	(12.2)
Net loss	—	—	—	—	—	—	(66.0)	(66.0)
Dividends on common stock	—	—	—	—	—	—	(14.7)	(14.7)
Balance as of January 27, 2024	$—	36,825,124	$18.4	$181.7	$(31.2)	$(11.5)	$677.6	$835.0

	Redeemable noncontrolling interest	Commonstockshares	Commonstock	Additionalpaid-incapital	Accumulatedothercomprehensiveincome (loss)	Treasurystock	Retainedearnings	Totalshareholders'equity
Balance as of April 30, 2022	$—	38,276,968	$19.2	$169.0	$(26.8)	$(11.5)	$763.9	$913.8
Issuance of restricted stock, net of tax withholding	—	63,643	—	—	—	—	(0.4)	(0.4)
Exercise of stock options	—	40,000	—	1.5	—	—	—	1.5
Purchases of common stock	—	(1,005,514)	(0.6)	—	—	—	(39.0)	(39.6)
Stock-based compensation expense	—	—	—	8.4	—	—	—	8.4
Other comprehensive income	—	—	—	—	5.2	—	—	5.2
Net income	—	—	—	—	—	—	69.0	69.0
Dividends on common stock	—	—	—	—	—	—	(15.3)	(15.3)
Balance as of January 28, 2023	$—	37,375,097	$18.6	$178.9	$(21.6)	$(11.5)	$778.2	$942.6

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.