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Methode Electronics Inc (NYSE:MEI)

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32.82 +5.43 / +19.82%
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Volume: 23.4K
SECTOR
Electronic Technology
INDUSTRY
Electronic Components
MARKET CAP
$1.1B

Company Description

Methode Electronics, Inc. manufactures component and subsystem devices. The company engages primarily in designing, manufacturing and marketing devices employing electrical, radio remote control, electronic, wireless and sensing technologies. It has manufacturing, design and testing facilities located in various countries which include China, Egypt, Germany, India, Lebanon, Malta, Mexico, the Philippines, Singapore, Switzerland, the United Kingdom and the United States. The company operates through four reportable business segments: Automotive, Interconnect, Power Products and Other. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers. Its products include control switches for electrical power and signals, connectors for electrical devices, integrated control components, switches and sensors that monitor the operation of a component, and packaging of electrical components. The Interconnect segment provides various copper and fiber-optic interconnect solutions for the aerospace, appliance, commercial, computer, construction, consumer, material handling, medical, military, mining, networking, storage, and telecommunications markets. It solutions include conductive polymers, connectors, custom cable assemblies, industrial safety radio remote controls, optical and copper transceivers, personal computer and express card packaging and terminators, solid-state field effect interface panels, and thick film inks. The Power Distribution segment manufactures braided cables, bus devices, power-product assemblies, power cabling systems and bus bars that are used in various markets and applications, including telecommunications, computers, transportation, industrial and power conversion, inverters and battery systems, insulated gate bipolar transistor solutions, aerospace, military, telecommunications, and transportation. The Other segment engages in designing and manufacturing of magnetic torque sensing products, and includes independent laboratories that provide services for qualification testing and certification, and analysis of electronic and optical components. Methode Electronics was founded by William Joseph McGinley in 1946 and is headquartered in Chicago, IL.

Contact Information

Methode Electronics, Inc.
7401 West Wilson Avenue
Chicago Illinois 60706-4548
P:(708) 867-6777
Investor Relations:

Employees

Shareholders

Mutual fund holders51.60%
Individual stakeholders5.57%
Other institutional36.91%

Top Executives

Donald W. DudaPresident, Chief Executive Officer & Director
Thomas D. ReynoldsChief Operating Officer & Senior Vice President
Douglas A. KomanChief Financial Officer & Vice President-Finance
Timothy R. GlandonVP & GM-North American Automotive Operations
Joseph Elias KhouryVice President & GM-European Automotive Operations