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Methode Electronics history
Methode Electronics company history timeline
In 1962, Methode acquired Carter Precision Electric Co., Inc., and five years later, the company purchased Technical Components Co., Inc., a manufacturer based in the suburbs of Chicago.
In 1969, Methode swapped 5,000 shares of convertible preferred stock for Graphic Research Inc., a maker of printed circuit boards for military applications, based in Chatsworth, California.
In 1975, the company formed a new subsidiary called Carthage Precision Electric Company, located in Carthage, Illinois.
For 1984, those two products accounted for 61 percent of the company's $82.4 million in revenue, and one-fifth of Methode's net sales for the year came from one company, General Motors.
Methode made one major geographical move in 1986; in order to be closer to manufacturers in the Far East, the company opened a plant in Singapore that year.
Methode completed the development of a specialized spring system that connected impact sensors to the air bag's inflation mechanism in 1988.
Meanwhile, the company's car controls continued to sell like hotcakes, and Methode's overall sales reached $122 million for the fiscal year ending in April of 1989.
No takers emerged, however, and by the middle of 1989, Graphic's Trident troubles were solved, enabling the subsidiary to begin operating profitably once again.
After countless delays, false starts, and missed deadlines, Methode finally decided to cut its losses on Trace in 1992.
Altogether, 1993 was a big year for Methode, with major jumps in both earnings and revenue.
1994 was another record year for Methode, with sales reaching an all-time high of $213 million.
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Methode Electronics competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Acuity Brands | 1892 | $3.8B | 11,500 | 82 |
| Littelfuse | 1927 | $2.2B | 12,000 | 24 |
| A. O. Smith | 1904 | $3.8B | 15,100 | 48 |
| Eaton | 1911 | $24.9B | 92,000 | 2,057 |
| Gardner Denver | 1859 | $2.7B | 6,200 | 251 |
| Moody International Group | 1911 | $4.2B | 12,000 | - |
| SPX | 1912 | $2.0B | 6,000 | 151 |
| Nordson | 1935 | $2.7B | 7,555 | 182 |
| Kollmorgen | 1916 | $820.0M | 2,025 | - |
| Parker Hannifin | 1917 | $19.9B | 57,170 | 778 |
Methode Electronics history FAQs
Zippia gives an in-depth look into the details of Methode Electronics, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Methode Electronics. The employee data is based on information from people who have self-reported their past or current employments at Methode Electronics. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Methode Electronics. The data presented on this page does not represent the view of Methode Electronics and its employees or that of Zippia.
Methode Electronics may also be known as or be related to Methode Electronics, Methode Electronics Inc, Methode Electronics Inc., Methode Electronics, Inc and Methode Electronics, Inc.