MEI
Methode Electronics, Inc.6.72
-0.03-0.44%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Key Stats
Market Cap
237.94MP/E (TTM)
-Basic EPS (TTM)
-1.78Dividend Yield
0.06%Recent Filings
8-K
10-Q
8-K
10-Q
Q2 FY2026 results
Methode's Q2 FY2026 sales fell 15.6% y/y to $246.9M (13 vs 14 weeks), driven by Automotive's 24.1% drop from legacy program roll-offs, yet Industrial surged with 33.4% gross margins on power products. Operating income held at $2.9M, down from $9.4M but up q/q, while gross margin slipped to 19.3% amid Automotive weakness. Cash jumped to $118.5M on $17.7M operating cash flow (capex $11.3M), supporting $332.5M debt under amended $400M revolver (due 2027, covenants met). Diluted EPS loss of $0.28 aligns with 35.5M shares. Automotive drags profitability.
8-K
Q2 sales drop 15.6%
Methode Electronics posted Q2 fiscal 2026 net sales of $246.9 million, down 15.6% year-over-year amid EV demand slowdown and program roll-offs, with Automotive sales plunging 24.1% to $110.5 million. Yet net loss widened to $9.9 million from $1.6 million. Transformation advances. Company reaffirmed FY2026 guidance of $900-1,000 million sales and $70-80 million adjusted EBITDA, but debt sits at $332.5 million.
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