Industry News | 2008-01-28 23:09:31.0
Methode Electronics, Inc. (NYSE:MEI), today announced a restructuring at its U.S.-based automotive operations in Carthage and Golden, IL. It will also discontinue producing legacy electronic connector products in Rolling Meadows, IL.
Industry News | 2007-12-07 14:37:13.0
Methode's second quarter fiscal year 2008 net sales increased $24.7 million, or 22.8 percent, to $133.2 million with net income of $8.8 million, or $0.24 per share. This compares with net sales of $108.5 million and net income of $4.9 million, or $0.13 per share, in the second quarter fiscal year 2007. Of the increase in net sales, $12.4 million relates to the TouchSensor Technologies, L.L.C. (TouchSensor) and Value Engineered Products, Inc. (VEP) businesses purchased on February 28, 2007 and August 31, 2007, respectively.
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