StockNews.AI
MEI
StockNews.AI
152 days

Methode Electronics' Grakon Business Unit Recognized as a Top Supplier by PACCAR

1. Methode Electronics' Grakon recognized as top supplier by PACCAR. 2. Award highlights Grakon's achievements in quality and innovation. 3. Grakon supports multiple PACCAR launches with advanced lighting solutions. 4. The recognition reinforces Grakon's commitment to customer success. 5. Methode Electronics enhances its reputation in commercial vehicle industry.

4m saved
Insight
Article

FAQ

Why Bullish?

Recognition as a top supplier can attract new contracts and clients, increasing revenue. Historical examples show awards boost supplier stocks due to heightened investor confidence.

How important is it?

The recognition can enhance MEI's market position and investor perceptions, likely impacting stock price positively.

Why Short Term?

Immediate recognition may lead to increased orders, impacting MEI's near-term performance. Past award recipients have seen stock price increases following such announcements.

Related Companies

PACCARTRMKADI
March 20, 2025 10:30 ET  | Source: Methode Electronics, Inc. CHICAGO, March 20, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI) announced today that its Grakon business unit, a global leader in advanced lighting systems, has been recognized by PACCAR, maker of Kenworth and Peterbilt trucks, as a top-performing supplier. Each year, PACCAR honors its highest-performing suppliers through its Supplier Performance Management (SPM) Program, which measures achievements in product development, operations, aftermarket support, and alignment with PACCAR’s key business objectives. The SPM program fosters collaboration and continuous improvement, driving innovation and performance enhancements across the supply chain. Over the years, Grakon has contributed to multiple PACCAR launches, providing interior and exterior lighting solutions for Kenworth, Peterbilt, and DAF. “We are honored that PACCAR has recognized Grakon as a top-performing supplier. This recognition underscores our commitment to innovation, quality, on-time delivery, and product reliability - key factors in supporting our customers’ success. We value our long-standing partnership with PACCAR and look forward to continuing to drive innovation and performance in the commercial vehicle industry,” said Jon DeGaynor, President and Chief Executive Officer. About Grakon, LLCGrakon, LLC is a global leader in the design, development and manufacture of advanced lighting systems, controls and components for premier OEM manufacturers in the heavy truck, bus, rail, commercial electric vehicles, and power sports markets. Grakon is a business unit of Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East and Asia.Media:Alli AndersonDirector, Corporate Communicationsaanderson@methode.com708-457-4041 Investors:Robert K. CherryVice President, Investor Relationsrcherry@methode.com708-457-4030

Related News