Quarterly Financial Laid out.
Methode Electronics, Inc.
Financial Highlights
(unaudited)
Three Months Ended January 31,
2000 1999
Net sales $102,023 $96,387
Other income 1,227 834
Cost of products sold 78,027 72,976
Selling and administrative expenses 13,820 13,368
Income before income taxes 11,403 10,877
Income taxes 4,050 3,755
Net income 7,353 7,122
Basic and Diluted Earnings per Common Share $0.21 $0.20
Average Number of Common Shares outstanding:
Basic 35,316 35,336
Diluted 35,586 35,445
Nine Months Ended January 31,
2000 1999
Net sales $304,991 $292,224
Other income 4,798 3,143
Cost of products sold 232,399 219,379
Selling and administrative expenses 44,620 39,365
Income before income taxes 32,770 36,623
Income taxes 11,560 12,635
Net income 21,210 23,988
Basic and Diluted Earnings per Common Share $0.60 $0.68
Average Number of Common Shares outstanding:
Basic 35,288 35,344
Diluted 35,476 35,425
Methode Electronics, Inc.
Financial Highlights
Condensed Consolidated Balance Sheets
January 31, April 30,
2000 1999
(unaudited)
Cash $24,977 $22,765
Accounts receivable - net 71,516 88,195
Inventories 58,281 49,215
Other current assets 9,425 10,835
Total current assets 164,199 171,010
Goodwill - net 48,707 39,770
Other assets 14,957 14,944
Property, plant and equipment - net 96,464 90,899
Total Assets $324,327 $316,623
Accounts and notes payable $25,697 $30,827
Other current liabilities 22,317 26,244
Total current liabilities 48,014 57,071
Other liabilities 10,352 11,077
Shareholders' equity 265,961 248,475
Total Liabilities and Shareholders' Equity $324,327 $316,623
SOURCE: Methode Electronics, Inc. |
