Methode Electronics (MEI) Tops Q3 EPS by 19c
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Methode Electronics, Inc. Reports Fiscal 2015 Third-Quarter Income From Operations Growth of 112 Percent
March 5, 2015 6:30 AM ESTCHICAGO, IL -- (Marketwired) -- 03/05/15 -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced financial results for the Fiscal 2015 third quarter and nine months ended January 31, 2015.
Third-Quarter Fiscal 2015 Methode's third-quarter Fiscal 2015 net sales grew $16.2 million, or 8.5 percent, to $206.0 million from $189.8 million in the same quarter of Fiscal 2014.
Net income increased $12.5 million to $27.1 million, or $0.68 per share, in the third quarter of Fiscal 2015 from $14.6 million, or $0.38 per share, in the same period of Fiscal 2014.
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