METHODE ELECTRONICS INC

Methode Electronics, Inc. (NASDAQ: MEI) is a leading global supplier of custom engineered solutions serving original equipment manufacturers and tiered suppliers across mobility, industrial, and commercial markets. The company designs, engineers, and manufactures mechatronic products with capabilities spanning power distribution systems including busbars, smart connect systems, battery disconnect units, and integrated circuit boards, as well as user interface components, specialized LED lighting solutions, and sensor applications. Methode's products are found in transportation end markets including automotive, commercial vehicles, e-bikes, aerospace, bus and rail, as well as cloud computing and data center infrastructure and construction equipment.

The company operates through three reportable segments. The Automotive segment supplies electronic and electro-mechanical devices to automobile OEMs and suppliers, representing 45.9 percent of net sales. The Industrial segment manufactures exterior and interior lighting solutions, industrial safety radio remote controls, braided flexible cables, and custom power-product assemblies for aerospace, commercial vehicles, data centers, industrial equipment, military, and telecommunications applications, accounting for 51.4 percent of net sales. The Interface segment provides high-speed digital communication solutions and user interface panel solutions for data networking and broadband markets, comprising 2.7 percent of net sales.

As of May 2, 2026, Methode employed approximately 6,650 employees and 263 contractors globally, with approximately 93.9 percent of its workforce located outside the United States. The company maintains sales, engineering, and manufacturing locations across North America, Europe, the Middle East, and Asia. Methode's five largest customers accounted for approximately 41 percent of consolidated net sales in fiscal 2026, with one customer representing 10.9 percent of sales.

The company's business model centers on long-term supply arrangements with OEMs typically covering one to seven years, though customers retain the right to terminate arrangements and do not guarantee minimum purchase volumes. Methode competes on price, service, and product performance in highly competitive markets characterized by rapid technological change. The company maintains research and development programs focused on product enhancement and new product development, with intellectual property protected through patents, trade secrets, and trademarks. More information is available at www.methode.com.