METHODE ELECTRONICS INC (MEI)

Methode Electronics, Inc. engages in the manufacture of component and subsystem devices. It operates through the following segments: Automotive, Interface, Industrial, and Medical. The Automotive segment supplies electronic and electromechanical devices, and related products to automobile original equipment manufacturers. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, construction, consumer, material handling, medical, military, mining, point-of-sale, and telecommunications markets. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars, and devices. The Medical segment refers to the medical device business. The company was founded by William Joseph McGinley in 1946 and is headquartered in Chicago, IL.

Address

8750 WEST BRYN MAWR AVENUE
CHICAGO, IL 60631

Founded

1946

Number of Employees

7,500

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
- $48,575 $30,145 $263 - - - $64,239 $46,385 $24,004 $5,055 $31,238
Average Price - $30.96 $31.17 $26.84 - - - $44.48 $40.32 $31.63 $14.43 $34.99
# Shares Purchased - 1,569,113 967,243 9,784 - - - 1,444,321 1,150,519 758,945 350,268 892,885
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - -67.7% -67.9% -62.7% - - - -77.5% -75.2% -68.4% -30.7% -71.4%
S&P 500 Return to Date - 173.0% 168.6% 129.7% - - - 31.7% 37.3% 31.3% 7.4% 82.7%
Excess Total Return - -240.7% -236.5% -192.5% - - - -109.2% -112.5% -99.7% -38.1% -154.1%
Quartile Rank
Percentile Rank - 11% 9% 10% - - - 4% 4% 3% 8% 7%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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