Methode Electronics, Inc. (Methode) is a global supplier of custom engineered solutions with sales, engineering and manufacturing locations in North America, Europe, the Middle East and Asia.
The company designs, engineers and produces mechatronic products for original equipment manufacturers (‘OEMs’) utilizing its broad range of technologies for user interface, light-emitting diode (‘LED’) lighting system, power distribution and sensor applications. The company’s solutions are found in the end...
Methode Electronics, Inc. (Methode) is a global supplier of custom engineered solutions with sales, engineering and manufacturing locations in North America, Europe, the Middle East and Asia.
The company designs, engineers and produces mechatronic products for original equipment manufacturers (‘OEMs’) utilizing its broad range of technologies for user interface, light-emitting diode (‘LED’) lighting system, power distribution and sensor applications. The company’s solutions are found in the end markets of transportation (including automotive, commercial vehicle, e-bike, aerospace, bus and rail), cloud computing infrastructure, construction equipment and consumer appliance.
Segments
The company operates through four segments: Automotive, Industrial, Interface, and Medical.
The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile OEMs, either directly or through their tiered suppliers. Products include integrated overhead and center consoles, hidden and ergonomic switches, transmission lead-frames, insert molded components, LED-based lighting and sensors, which incorporate magneto-elastic sensing and other sensing technologies that monitor the operation or status of a component or system.
The Industrial segment manufactures exterior and interior lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars and devices, custom power-product assemblies, such as the company’s PowerRail solution, high-current high-voltage flexible power cabling systems and powder-coated busbars that are used in various markets and applications, including aerospace, commercial vehicles, data centers, industrial equipment, military, power conversion, telecommunications and transportation.
The Interface segment provides a variety of high-speed digital communication over copper media solutions for the data center and broadband markets, and interface panel solutions for the appliance market. Solutions include copper transceivers, distribution point units, and solid-state field-effect consumer touch panels.
The Medical segment was made up of the company’s former medical device business, Dabir Surfaces, with its surface support technology aimed at pressure injury prevention. In the first quarter of fiscal 2024, the company made the decision to initiate the discontinuation of Dabir Surfaces. In October 2023, the company sold certain assets of the Dabir Surfaces business.
Sales and Marketing
The majority of the company’s sales activities are directed by sales managers who are supported by field application engineers and other technical personnel who work with customers to design its products into their systems. The company’s field application engineers also help it identify emerging markets and new products. The company’s products are sold through either its in-house sales staff, or through independent sales representatives with offices throughout the world. Sales are made primarily to OEMs, either directly or through their tiered suppliers, as well as to selling partners and distributors.
Intellectual Property
The company has been granted a number of patents in the U.S., Europe and Asia; and has additional domestic and international patent applications pending related to its products. The company’s existing patents expire on various dates between 2025 and 2045.
Customers
During fiscal 2025, the company’s five largest customers accounted for approximately 36% of its consolidated net sales. Generally, the company’s supply arrangement for each component part it sells includes a blanket purchase order and production releases.
The company derives a substantial portion of its revenues from customers in the automotive, commercial vehicle and construction industries. A significant portion of the company’s business is derived from components for use in EV.
Research and Development
The company’s research and development costs were $41.8 million for the year ended May 3, 2025.
History
Methode Electronics, Inc. was founded in 1946. The company was incorporated in 1946.