Methode electronics announces preliminary financial results for fiscal 2020

Methode electronics, inc. announces preliminary financial results for fiscal 2020.production shutdowns had negative impact of about $85 million in net sales for q4 .sees fy 2020 earnings per share $3.22 to $3.28.sees fy 2020 sales about $1.02 billion.q4 revenue estimate $233.7 million -- refinitiv ibes data.taking multiple proactive measures to control costs and manage liquidity.in q4, had significant impact due to mid-march shutdown of production at main automotive & commercial vehicle oem customers.production shutdowns had total negative impact on co of about $85 million in net sales for q4.
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