Exhibit 99.1

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METHODE ELECTRONICS, INC. REPORTS
FISCAL 2019 SECOND-QUARTER SALES AND EARNINGS
Forms Industrial Segment
Includes Six Weeks of Grakon Acquisition


Chicago, IL-December 6, 2018 - Methode Electronics, Inc. (NYSE: MEI), a global developer of custom-engineered and application-specific products and solutions, announced financial results for the second quarter of Fiscal 2019 ended October 27, 2018.

Second Quarter Fiscal 2019
Methode's second-quarter Fiscal 2019 net sales increased $33.9 million, or 14.7 percent, to $264.0 million from $230.1 million in the same quarter of Fiscal 2018. Year over year, currency rate fluctuations increased net sales $1.6 million.

GAAP net income decreased $9.6 million to $14.6 million, or $0.39 per share, in the second quarter of Fiscal 2019 from income of $24.2 million, or $0.64 per share, in the same period of Fiscal 2018.

Adjusted net income, a non-GAAP financial measure, was $28.4 million, or $0.75 per share, in the second quarter of Fiscal 2019 compared to $27.7 million, or $0.74 per share, in the same period of Fiscal 2018. Adjusted net income for all periods excludes acquisition-related expenses, including purchase accounting adjustments for the Fiscal 2019 periods, and stock award amortization expense due to the revised Fiscal 2020 EBITDA estimate of the long-term incentive program.

Year over year, Fiscal 2019 second-quarter GAAP net income was negatively affected by:
increased acquisition-related costs ($3.5 million) and increased purchase accounting adjustments ($3.2 million) totaling $6.7 million;
higher stock award amortization expense due to the revised Fiscal 2020 EBITDA estimate of the long-term incentive program of $5.7 million;
higher interest expense of $1.8 million;
increased intangible asset amortization expense related to the Pacific Insight and Grakon acquisitions of $2.6 million; and
customer pricing reductions.

Year over year, Fiscal 2019 second-quarter GAAP net income benefitted from:
higher sales in the Automotive and Industrial segments (inclusive of Pacific Insight and Grakon);
decreased income tax expense of $1.9 million;
lower legal fees of $1.1 million; and
the favorable impact of the weakening Mexican peso compared to the U.S. dollar.

Consolidated gross margins as a percentage of net sales were virtually unchanged at 26.8 percent in the Fiscal 2019 second quarter from 26.9 percent in the Fiscal 2018 period. Year over year, gross margins were negatively impacted by an unfavorable sales mix in the Automotive and Interface segments, the purchase accounting adjustment related to Grakon inventory and customer pricing reductions. Gross



The following information was filed by Methode Electronics Inc (MEI) on Thursday, December 6, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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