← Home
🚀 Sign up Free for Public Company Valuation & Insights!
Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!
Sign up free Video Highlights
Methode Electronics
-10.39%
Electrical industry / Electromechanical components and technology solutions
At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
Methode Electronics is a global developer and manufacturer of custom electronic systems, components, and devices for a wide range of industries, including automotive, industrial, aerospace, and consumer. With headquarters in Chicago, Illinois, the company operates in over 12 countries and employs approximately 5,400 people.
Founded in 1946, Methode Electronics has a long history of innovation and technological advancement. The company’s core competencies include designing and manufacturing high-performance, ruggedized electronic control systems and components for use in challenging environments.
Methode Electronics offers a diverse portfolio of products, including sensors, switches, connectors, and interfaces, as well as custom-designed electronic solutions. These products are used in a variety of applications, from automotive safety and driver-assist systems to industrial automation and medical devices.
In addition to its manufacturing capabilities, Methode Electronics also provides engineering, research and development, testing, and certification services to its customers. The company’s commitment to continuous improvement and customer satisfaction has earned it numerous awards and recognitions, including being named a Top 50 Global Automotive Supplier by Automotive News.
As a company, Methode Electronics strives to adhere to the highest standards of corporate responsibility and sustainability. This includes maintaining ethical business practices, minimizing environmental impact, promoting diversity and inclusion, and giving back to the communities in which it operates.
Overall, Methode Electronics is a leading global provider of innovative, high-quality electronic solutions, with a strong commitment to customer satisfaction, ethical business practices, and sustainable operations.
Founded in 1946, Methode Electronics has a long history of innovation and technological advancement. The company’s core competencies include designing and manufacturing high-performance, ruggedized electronic control systems and components for use in challenging environments.
Methode Electronics offers a diverse portfolio of products, including sensors, switches, connectors, and interfaces, as well as custom-designed electronic solutions. These products are used in a variety of applications, from automotive safety and driver-assist systems to industrial automation and medical devices.
In addition to its manufacturing capabilities, Methode Electronics also provides engineering, research and development, testing, and certification services to its customers. The company’s commitment to continuous improvement and customer satisfaction has earned it numerous awards and recognitions, including being named a Top 50 Global Automotive Supplier by Automotive News.
As a company, Methode Electronics strives to adhere to the highest standards of corporate responsibility and sustainability. This includes maintaining ethical business practices, minimizing environmental impact, promoting diversity and inclusion, and giving back to the communities in which it operates.
Overall, Methode Electronics is a leading global provider of innovative, high-quality electronic solutions, with a strong commitment to customer satisfaction, ethical business practices, and sustainable operations.
What is special about the company?
1. Innovative technologies: Methode Electronics is known for its cutting-edge product designs and innovative technologies. The company holds multiple patents in areas such as vehicle electronics, power distribution, and industrial sensors.
2. Wide range of products: Methode Electronics offers a diverse portfolio of products, including sensors, switches, connectors, and custom solutions for various industries such as automotive, aerospace, industrial, and medical.
3. Global presence: The company has a strong global presence with manufacturing facilities, sales offices, and engineering centers in North America, Europe, and Asia. This allows them to better serve their customers’ needs and adapt to local market demands.
4. Customer-centric approach: Methode Electronics focuses on understanding and meeting their customers’ specific needs. They work closely with their clients to develop custom solutions that address their unique challenges.
5. Strong commitment to quality: The company is committed to providing high-quality products to its customers. They have a rigorous quality control process in place to ensure their products meet or exceed industry standards.
6. Emphasis on sustainability: Methode Electronics has implemented sustainability initiatives, such as reducing energy consumption and waste, to minimize their environmental impact. They also support eco-friendly design practices in their product development process.
7. Strong financial performance: The company has a track record of strong financial performance, with consistent revenue growth and profitability. This stability and success allow them to invest in research and development and continue to drive innovation.
8. Employee-focused culture: Methode Electronics values its employees and fosters a positive and inclusive work culture. They offer training and development opportunities, promote employee well-being, and encourage diversity and inclusion.
9. Community involvement: The company is committed to giving back to the communities in which it operates. They support various philanthropic initiatives, including charitable donations, volunteer work, and partnering with local organizations for community betterment projects.
10. Industry recognition: Methode Electronics has received industry recognition and awards for its products, services, and corporate practices. This recognition further demonstrates the company’s expertise and leadership in the market.
2. Wide range of products: Methode Electronics offers a diverse portfolio of products, including sensors, switches, connectors, and custom solutions for various industries such as automotive, aerospace, industrial, and medical.
3. Global presence: The company has a strong global presence with manufacturing facilities, sales offices, and engineering centers in North America, Europe, and Asia. This allows them to better serve their customers’ needs and adapt to local market demands.
4. Customer-centric approach: Methode Electronics focuses on understanding and meeting their customers’ specific needs. They work closely with their clients to develop custom solutions that address their unique challenges.
5. Strong commitment to quality: The company is committed to providing high-quality products to its customers. They have a rigorous quality control process in place to ensure their products meet or exceed industry standards.
6. Emphasis on sustainability: Methode Electronics has implemented sustainability initiatives, such as reducing energy consumption and waste, to minimize their environmental impact. They also support eco-friendly design practices in their product development process.
7. Strong financial performance: The company has a track record of strong financial performance, with consistent revenue growth and profitability. This stability and success allow them to invest in research and development and continue to drive innovation.
8. Employee-focused culture: Methode Electronics values its employees and fosters a positive and inclusive work culture. They offer training and development opportunities, promote employee well-being, and encourage diversity and inclusion.
9. Community involvement: The company is committed to giving back to the communities in which it operates. They support various philanthropic initiatives, including charitable donations, volunteer work, and partnering with local organizations for community betterment projects.
10. Industry recognition: Methode Electronics has received industry recognition and awards for its products, services, and corporate practices. This recognition further demonstrates the company’s expertise and leadership in the market.
What the company's business model?
Methode Electronics is a global developer and manufacturer of custom-engineered and application-specific products and solutions utilizing the latest technologies. Its business model is centered around designing, manufacturing, and selling innovative electro-mechanical devices and systems for the automotive, industrial, aerospace, and consumer markets.
The company uses a customer-focused approach and collaborates closely with its clients to design customized solutions that meet their specific needs and requirements. It also continuously invests in research and development to stay at the forefront of technology and offer cutting-edge products.
Methode Electronics operates in a highly diversified and competitive industry, and its business model enables the company to quickly adapt to changing market conditions, customer demands, and emerging technologies. It also focuses on operational efficiency and cost-effectiveness to maintain a competitive edge and deliver value to its shareholders.
The company’s business model is supported by a skilled and experienced workforce, efficient supply chain management, and a strong global presence, with operations in North America, Europe, and Asia. Methode Electronics also maintains strict quality standards and has a commitment to sustainability, social responsibility, and ethical business practices.
The company uses a customer-focused approach and collaborates closely with its clients to design customized solutions that meet their specific needs and requirements. It also continuously invests in research and development to stay at the forefront of technology and offer cutting-edge products.
Methode Electronics operates in a highly diversified and competitive industry, and its business model enables the company to quickly adapt to changing market conditions, customer demands, and emerging technologies. It also focuses on operational efficiency and cost-effectiveness to maintain a competitive edge and deliver value to its shareholders.
The company’s business model is supported by a skilled and experienced workforce, efficient supply chain management, and a strong global presence, with operations in North America, Europe, and Asia. Methode Electronics also maintains strict quality standards and has a commitment to sustainability, social responsibility, and ethical business practices.
Interesting facts about the company
1. Methode Electronics was founded in 1946 by William Joseph McGinley, Sr. as a small custom manufacturer of components for the electronics industry.
2. The name Methode was derived from the word method, which referred to the company’s focus on developing new production methods and techniques.
3. The company’s first major breakthrough came in 1951 with the development of the conductive elastomer connector, a revolutionary new type of electrical connector that was able to withstand high temperatures and harsh environments.
4. Methode Electronics became a publicly traded company in 1961, listing on the New York Stock Exchange under the ticker symbol MEI.
5. In the 1960s, Methode Electronics expanded into international markets, opening facilities in France, Germany, and Mexico.
6. In 1968, the company introduced its first automotive product, a patented airbag sensor that was designed to prevent accidental inflation of airbags.
7. Methode Electronics has a long history of innovation and has been awarded over 150 patents for its unique products and technologies.
8. In the early 2000s, Methode Electronics began to focus on the development of advanced electronic solutions for the automotive and transportation industries, including sensors, switches, and interconnects.
9. Today, Methode Electronics operates over 30 manufacturing facilities in 14 countries, employing over 6,500 people worldwide.
10. In 2018, Methode Electronics was ranked #878 on the Fortune 1000 list of America’s largest companies, with revenues of over $800 million.
See Company Due Diligence:
2. The name Methode was derived from the word method, which referred to the company’s focus on developing new production methods and techniques.
3. The company’s first major breakthrough came in 1951 with the development of the conductive elastomer connector, a revolutionary new type of electrical connector that was able to withstand high temperatures and harsh environments.
4. Methode Electronics became a publicly traded company in 1961, listing on the New York Stock Exchange under the ticker symbol MEI.
5. In the 1960s, Methode Electronics expanded into international markets, opening facilities in France, Germany, and Mexico.
6. In 1968, the company introduced its first automotive product, a patented airbag sensor that was designed to prevent accidental inflation of airbags.
7. Methode Electronics has a long history of innovation and has been awarded over 150 patents for its unique products and technologies.
8. In the early 2000s, Methode Electronics began to focus on the development of advanced electronic solutions for the automotive and transportation industries, including sensors, switches, and interconnects.
9. Today, Methode Electronics operates over 30 manufacturing facilities in 14 countries, employing over 6,500 people worldwide.
10. In 2018, Methode Electronics was ranked #878 on the Fortune 1000 list of America’s largest companies, with revenues of over $800 million.
See Company Due Diligence:
Wait! There's more — sign up for free or log in