Methode Electronics, Inc. Reports Fiscal 2026 Second Quarter Financial Results
Rhea-AI Summary
Methode Electronics (NYSE: MEI) reported fiscal 2Q 2026 net sales of $246.9M, down 15.6% YoY but up 2.6% sequentially, and a net loss of $9.9M (4.0% of sales). Adjusted EBITDA for the quarter was $17.6M (about 7% of sales). The company reaffirmed fiscal 2026 guidance: sales $900M–$1,000M and adjusted EBITDA $70M–$80M. Segment trends included a 24.1% decline in Automotive sales and stronger Industrial margins (income from operations 23.1% of sales). Free cash flow for H1 fiscal 2026 was positive $6.4M. Management cited a ~$100M annual sales decline tied to evolving EV demand.
Positive
- Guidance reaffirmed: sales $900M–$1,000M, adjusted EBITDA $70M–$80M
- Industrial operating margin improved to 23.1% of sales (from 18.5%)
- First-half fiscal 2026 free cash flow +$6.4M
Negative
- Consolidated net sales down 15.6% YoY to $246.9M
- Automotive sales declined 24.1% YoY to $110.5M
- Adjusted EBITDA fell from $26.7M to $17.6M (~34% decline)
- Reported net loss $9.9M vs prior-year loss $1.6M
Insights
Mixed quarter: meaningful sales decline and net loss offset by reaffirmed guidance and improving cash flow trends.
Methode Electronics reported net sales of
The results show operational pressure concentrated in the Automotive and Interface segments, while Industrial produced stronger margins with income from operations of
Concrete items to watch: the company reaffirmed fiscal 2026 guidance of sales
- Net sales of
$246.9 million down15.6% year-over-year; up2.6% on a sequential quarter basis - Net loss of
$9.9 million or4.0% of net sales; adjusted EBITDA margin of7.1% - Reaffirming fiscal 2026 guidance for net sales of
$900 million to$1 billion and adjusted EBITDA of$70 t o$80 million
CHICAGO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, today announced financial results for the second quarter of fiscal 2026 ended November 1, 2025.
President and Chief Executive Officer Jon DeGaynor said, “Methode's transformation journey made further progress in the quarter and is on track. I am proud of the unwavering commitment and hard work that the Methode team has put into our transformation. The tangible improvements we have made are creating real value for our customers and shareholders. We are laser focused on improving execution and making Methode a more reliable and resilient company."
DeGaynor concluded, “We are reaffirming our fiscal 2026 guidance, driven by strategic operational enhancements - even as we navigate an approximately
Consolidated Fiscal Second Quarter 2026 Financial Results
Methode's net sales were
Income from operations was
Net loss was
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization of Intangibles), a non-GAAP financial measure, was
Debt was
Net cash used by operating activities was
Segment Fiscal Second Quarter 2026 Financial Results
Comparing the Automotive segment’s quarter to the same quarter of fiscal 2025:
- Net sales were
$110.5 million , down from$145.5 million . Net sales decreased$35.0 million or24.1% due to the roll-off of legacy programs along with lower sales volumes of sensor and user interface products. Foreign currency translation increased net sales by$3.3 million as compared to the same quarter of fiscal 2025. - Loss from operations was
$10.9 million , compared to income of$0.7 million in the prior year. The higher loss from operations was primarily due to lower gross profit.
Comparing the Industrial segment’s quarter to the same quarter of fiscal 2025:
- Net sales were
$126.9 million , down from$131.4 million . Net sales decreased$4.5 million or3.4% , due to lower sales volumes for lighting products for commercial vehicles and radio remote control devices, partially offset by higher sales volumes for lighting products for off-road equipment markets. Foreign currency translation increased net sales by$2.6 million as compared to the same quarter of fiscal 2025. - Income from operations was
$29.3 million , increased from$24.3 million . Income from operations was23.1% of net sales, increased from18.5% . The increase was primarily due to higher gross profit and lower selling and administrative expenses.
Comparing the Interface segment’s quarter to the same quarter of fiscal 2025:
- Net sales were
$9.5 million , down from$15.7 million . The decrease was primarily due to lower sales volumes of touch panels for appliances. - Income from operations was
$2.3 million , down from$4.7 million . Income from operations was24.2% of net sales, decreased from29.9% . The decrease was primarily due to lower gross profit.
Guidance
For fiscal 2026, the company reaffirmed its guidance expectation as follows:
| Fiscal 2026 | $ Millions |
| Sales | |
| Interest Expense | |
| Tax Expense | |
| D&A | |
| Adjusted EBITDA | |
| Capital Expenditures |
This guidance is based on the current market outlook based on third party forecasts and customer projections and the current U.S. tariff policy. The guidance is subject to change due to a variety of factors including tariffs, the successful launch of multiple new programs, the ultimate take rates on EV programs, success and timing of cost recovery actions, inflation, global economic instability, supply chain disruptions, transformation and restructuring efforts, potential impairments, any acquisitions or divestitures, and legal matters.
Due to the inherent difficulty of forecasting the timing and amount of certain items that would impact net income margin, such as foreign currency gains and losses, we are unable to reasonably estimate net income margin, the GAAP financial measure most directly comparable to Adjusted EBITDA margin. Accordingly, we are unable to provide a reconciliation of Adjusted EBITDA margin to net income margin with respect to the guidance provided.
Conference Call
The company will conduct a conference call and webcast tomorrow, December 4, 2025, at 10:00 a.m. Central Time to review financial and operational highlights led by its President and Chief Executive Officer, Jon DeGaynor, and Chief Financial Officer, Laura Kowalchik.
To participate in the conference call, please dial 888-506-0062 (domestic) or 973-528-0011 (international) and provide participant code 802322, at least ten minutes prior to the start of the event. A simultaneous webcast can be accessed through the company’s website, www.methode.com, on the Investors page.
A webcast replay will also be available on the company’s website, www.methode.com, on the Investors page.
About Methode Electronics, Inc.
Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East and Asia. We design, engineer, and produce mechatronic products for OEMs utilizing our broad range of technologies for user interface, lighting system, power distribution and sensor applications.
Our solutions are found in the end markets of transportation (including automotive, commercial vehicle, e-bike, aerospace, bus, and rail), cloud computing infrastructure, construction equipment, and consumer appliances. Our business is managed on a segment basis, with those segments being Automotive, Industrial, and Interface.
Non-GAAP Financial Measures
To supplement the company's financial statements presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Methode uses Adjusted Net Income (Loss), Adjusted Earnings (Loss) Per Diluted Share, Adjusted Pre-Tax Income (Loss), Adjusted Income (Loss) from Operations, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Net Debt and Free Cash Flow as non-GAAP measures. Reconciliation to the nearest GAAP measures of all non-GAAP measures included in this press release can be found at the end of this release. Methode's definitions of these non-GAAP measures may differ from similarly titled measures used by others. These non-GAAP measures should be considered supplemental to, and not a substitute for, financial information prepared in accordance with GAAP. The company believes that these non-GAAP measures are useful because they (i) provide both management and investors meaningful supplemental information regarding financial performance by excluding certain expenses and benefits that may not be indicative of recurring core business operating results, (ii) permit investors to view Methode's performance using the same tools that management uses to evaluate its past performance, reportable business segments and prospects for future performance, (iii) are commonly used by other companies in our industry and provide a comparison for investors to the company’s performance versus its competitors and (iv) otherwise provide supplemental information that may be useful to investors in evaluating Methode.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect, when made, our current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to our operations and business environment, which may cause our actual results to be materially different from any future results, expressed or implied, by such forward-looking statements. All statements that address future operating, financial or business performance or our strategies or expectations are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “outlook” or “continue,” and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following:
- Dependence on the automotive, commercial vehicle, and construction industries;
- Timing, quality and cost of new program launches;
- Changes in electric vehicle (“EV”) demand;
- Investment in programs prior to the recognition of revenue;
- Production delays or cancelled orders;
- Changes in global trade policies, including tariffs;
- Failure to attract and retain qualified personnel;
- Inflation;
- Dependence on the availability and price of materials;
- Dependence on a small number of large customers;
- Dependence on our supply chain;
- Risks related to conducting global operations;
- Effects of potential catastrophic events or other business interruptions;
- Ability to withstand pricing pressures, including price reductions;
- Ability to compete effectively;
- Our lengthy sales cycle;
- Risks relating to our use of requirements contracts;
- Potential work stoppages;
- Ability to successfully benefit from acquisitions and divestitures;
- Ability to manage our debt levels;
- Ability to comply with restrictions and covenants under our credit agreement;
- Interest rate changes and variable rate instruments;
- Timing and magnitude of costs associated with restructuring activities;
- Recognition of goodwill and other intangible asset impairment charges;
- Risks associated with inventory;
- Ability to remediate a material weakness in our internal control over financial reporting;
- Currency fluctuations;
- Income tax rate fluctuations;
- Judgments related to accounting for tax positions;
- Risks associated with litigation and government inquiries;
- Risks associated with warranty claims;
- Changing government regulations;
- Changing requirements by stakeholders on environmental or social matters;
- Effects of IT disruptions or cybersecurity incidents;
- Ability to innovate and keep pace with technological changes; and
- Ability to protect our intellectual property.
Additional details and factors are discussed under the caption “Risk Factors” in our periodic reports filed with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. Any forward-looking statements made by us speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise.
Contact Information
Randy Wilson
Vice President, Investor Relations & Treasury
ir@methode.com
248.327.0943
| METHODE ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (in millions, except per-share data) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| November 1, 2025 | November 2, 2024 | November 1, 2025 | November 2, 2024 | |||||||||||||
| (13 Weeks) | (14 Weeks) | (26 Weeks) | (27 Weeks) | |||||||||||||
| Net sales | $ | 246.9 | $ | 292.6 | $ | 487.4 | $ | 551.1 | ||||||||
| Cost of products sold | 199.2 | 234.7 | 396.2 | 448.6 | ||||||||||||
| Gross profit | 47.7 | 57.9 | 91.2 | 102.5 | ||||||||||||
| Selling and administrative expenses | 39.0 | 42.6 | 75.6 | 88.8 | ||||||||||||
| Amortization of intangibles | 5.8 | 5.9 | 11.6 | 11.8 | ||||||||||||
| Income from operations | 2.9 | 9.4 | 4.0 | 1.9 | ||||||||||||
| Interest expense, net | 5.7 | 6.2 | 11.6 | 11.0 | ||||||||||||
| Other expense, net | 1.4 | 1.6 | 2.7 | 2.4 | ||||||||||||
| Pre-tax (loss) income | (4.2 | ) | 1.6 | (10.3 | ) | (11.5 | ) | |||||||||
| Income tax expense | 5.7 | 3.2 | 9.9 | 8.4 | ||||||||||||
| Net loss | $ | (9.9 | ) | $ | (1.6 | ) | $ | (20.2 | ) | $ | (19.9 | ) | ||||
| Loss per share: | ||||||||||||||||
| Basic | $ | (0.28 | ) | $ | (0.05 | ) | $ | (0.57 | ) | $ | (0.56 | ) | ||||
| Diluted | $ | (0.28 | ) | $ | (0.05 | ) | $ | (0.57 | ) | $ | (0.56 | ) | ||||
| Cash dividends per share | $ | 0.05 | $ | 0.14 | $ | 0.12 | $ | 0.28 | ||||||||
| METHODE ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in millions, except share and per-share data) | ||||||||
| November 1, 2025 | May 3, 2025 | |||||||
| (unaudited) | ||||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 118.5 | $ | 103.6 | ||||
| Accounts receivable, net | 229.6 | 241.0 | ||||||
| Inventories, net | 190.2 | 194.1 | ||||||
| Income tax receivable | 2.5 | 4.1 | ||||||
| Prepaid expenses and other current assets | 14.5 | 17.1 | ||||||
| Total current assets | 555.3 | 559.9 | ||||||
| Long-term assets: | ||||||||
| Property, plant and equipment, net | 225.5 | 221.6 | ||||||
| Goodwill | 173.4 | 172.7 | ||||||
| Other intangible assets, net | 228.6 | 238.4 | ||||||
| Operating lease right-of-use assets, net | 20.6 | 23.7 | ||||||
| Deferred tax assets | 38.8 | 37.8 | ||||||
| Pre-production costs | 25.5 | 31.7 | ||||||
| Other long-term assets | 19.7 | 20.0 | ||||||
| Total long-term assets | 732.1 | 745.9 | ||||||
| Total assets | $ | 1,287.4 | $ | 1,305.8 | ||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 124.2 | $ | 125.9 | ||||
| Accrued employee liabilities | 27.2 | 32.0 | ||||||
| Other accrued liabilities | 46.6 | 50.2 | ||||||
| Short-term operating lease liabilities | 7.6 | 7.4 | ||||||
| Short-term debt | 0.2 | 0.2 | ||||||
| Income tax payable | 11.8 | 17.5 | ||||||
| Total current liabilities | 217.6 | 233.2 | ||||||
| Long-term liabilities: | ||||||||
| Long-term debt | 332.3 | 317.4 | ||||||
| Long-term operating lease liabilities | 15.3 | 18.2 | ||||||
| Other long-term liabilities | 17.1 | 16.9 | ||||||
| Deferred tax liabilities | 25.8 | 26.8 | ||||||
| Total long-term liabilities | 390.5 | 379.3 | ||||||
| Total liabilities | 608.1 | 612.5 | ||||||
| Shareholders' equity: | ||||||||
| Common stock, | 18.4 | 18.6 | ||||||
| Additional paid-in capital | 195.8 | 191.8 | ||||||
| Accumulated other comprehensive loss | (22.3 | ) | (29.8 | ) | ||||
| Treasury stock, 1,346,624 shares as of November 1, 2025 and May 3, 2025 | (11.5 | ) | (11.5 | ) | ||||
| Retained earnings | 498.9 | 524.2 | ||||||
| Total shareholders' equity | 679.3 | 693.3 | ||||||
| Total liabilities and shareholders' equity | $ | 1,287.4 | $ | 1,305.8 | ||||
| METHODE ELECTRONICS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (in millions) | ||||||||
| Six Months Ended | ||||||||
| November 1, 2025 | November 2, 2024 | |||||||
| (26 Weeks) | (27 Weeks) | |||||||
| Operating activities: | ||||||||
| Net loss | $ | (20.2 | ) | $ | (19.9 | ) | ||
| Adjustments to reconcile net loss to net cash provided (used) by operating activities: | ||||||||
| Depreciation and amortization | 29.9 | 28.4 | ||||||
| Stock-based compensation expense | 4.2 | 3.7 | ||||||
| Amortization of debt issuance costs | 0.8 | 0.5 | ||||||
| Partial write-off of unamortized debt issuance costs | 0.6 | 1.2 | ||||||
| Gain on sale of property, plant and equipment | (0.5 | ) | (0.3 | ) | ||||
| Impairment of long-lived assets | 0.1 | 0.4 | ||||||
| Inventory obsolescence | 3.4 | 5.6 | ||||||
| Change in deferred income taxes | (1.9 | ) | 2.5 | |||||
| Other | (1.6 | ) | 1.1 | |||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | 14.1 | 5.2 | ||||||
| Inventories, net | 1.7 | (46.9 | ) | |||||
| Prepaid expenses and other assets | 6.5 | (6.9 | ) | |||||
| Accounts payable | (2.5 | ) | (2.0 | ) | ||||
| Other liabilities | (16.9 | ) | (9.7 | ) | ||||
| Net cash provided (used) by operating activities | 17.7 | (37.1 | ) | |||||
| Investing activities: | ||||||||
| Purchases of property, plant and equipment | (11.3 | ) | (24.0 | ) | ||||
| Proceeds from sale of property, plant and equipment | 1.3 | 3.0 | ||||||
| Proceeds from redemption of life insurance | 0.5 | — | ||||||
| Net cash provided (used) by investing activities | (9.5 | ) | (21.0 | ) | ||||
| Financing activities: | ||||||||
| Taxes paid related to net share settlement of equity awards | (0.9 | ) | (0.5 | ) | ||||
| Repayments of finance leases | (0.1 | ) | (0.1 | ) | ||||
| Debt issuance costs | (1.6 | ) | (1.8 | ) | ||||
| Purchases of common stock | — | (1.6 | ) | |||||
| Cash dividends | (4.7 | ) | (10.0 | ) | ||||
| Proceeds from borrowings | 88.5 | 45.0 | ||||||
| Repayments of borrowings | (78.1 | ) | (39.1 | ) | ||||
| Net cash provided (used) by financing activities | 3.1 | (8.1 | ) | |||||
| Effect of foreign currency exchange rate changes on cash and cash equivalents | 3.6 | 1.7 | ||||||
| Increase (decrease) in cash and cash equivalents | 14.9 | (64.5 | ) | |||||
| Cash and cash equivalents at beginning of the period | 103.6 | 161.5 | ||||||
| Cash and cash equivalents at end of the period | $ | 118.5 | $ | 97.0 | ||||
| Supplemental cash flow information: | ||||||||
| Cash paid during the period for: | ||||||||
| Interest | $ | 10.2 | $ | 10.3 | ||||
| Income taxes, net of refunds | $ | 15.3 | $ | 15.5 | ||||
| Operating lease obligations | $ | 4.4 | $ | 4.6 | ||||
| METHODE ELECTRONICS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (unaudited) (in millions) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| November 1, 2025 | November 2, 2024 | November 1, 2025 | November 2, 2024 | |||||||||||||
| (13 Weeks) | (14 Weeks) | (26 Weeks) | (27 Weeks) | |||||||||||||
| EBITDA: | ||||||||||||||||
| Net loss | $ | (9.9 | ) | $ | (1.6 | ) | $ | (20.2 | ) | $ | (19.9 | ) | ||||
| Income tax expense | 5.7 | 3.2 | 9.9 | 8.4 | ||||||||||||
| Interest expense, net | 5.7 | 6.2 | 11.6 | 11.0 | ||||||||||||
| Amortization of intangibles | 5.8 | 5.9 | 11.6 | 11.8 | ||||||||||||
| Depreciation | 9.2 | 8.4 | 18.3 | 16.6 | ||||||||||||
| EBITDA | 16.5 | 22.1 | 31.2 | 27.9 | ||||||||||||
| Transformation costs * | — | 4.8 | — | 7.0 | ||||||||||||
| Partial write-off of unamortized debt issuance costs | — | — | 0.6 | 1.2 | ||||||||||||
| Restructuring costs and asset impairment charges | 1.1 | 0.1 | 2.0 | 0.7 | ||||||||||||
| Net gain on sale of non-core assets | — | (0.3 | ) | (0.5 | ) | (0.3 | ) | |||||||||
| Adjusted EBITDA | $ | 17.6 | $ | 26.7 | $ | 33.3 | $ | 36.5 | ||||||||
| * Represents professional fees related to the Company's cost reduction initiative. | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| November 1, 2025 | November 2, 2024 | November 1, 2025 | November 2, 2024 | |||||||||||||
| (13 Weeks) | (14 Weeks) | (26 Weeks) | (27 Weeks) | |||||||||||||
| Free Cash Flow: | ||||||||||||||||
| Net cash provided (used) by operating activities | $ | (7.4 | ) | $ | (48.0 | ) | $ | 17.7 | $ | (37.1 | ) | |||||
| Purchases of property, plant and equipment | (4.2 | ) | (10.4 | ) | (11.3 | ) | (24.0 | ) | ||||||||
| Free cash flow | $ | (11.6 | ) | $ | (58.4 | ) | $ | 6.4 | $ | (61.1 | ) | |||||
| November 1, 2025 | May 3, 2025 | |||||||
| Net Debt: | ||||||||
| Short-term debt | $ | 0.2 | $ | 0.2 | ||||
| Long-term debt | 332.3 | 317.4 | ||||||
| Total debt | 332.5 | 317.6 | ||||||
| Less: cash and cash equivalents | (118.5 | ) | (103.6 | ) | ||||
| Net debt | $ | 214.0 | $ | 214.0 | ||||
| METHODE ELECTRONICS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (unaudited) (in millions, except per share data) | ||||||||||||||||||||||||||||||||
| Three Months Ended | ||||||||||||||||||||||||||||||||
| November 1, 2025 (13 Weeks) | November 2, 2024 (14 Weeks) | |||||||||||||||||||||||||||||||
| Income from operations | Pre-tax loss | Net loss | Diluted loss per share | Income from operations | Pre-tax income | Net (loss) income | Diluted (loss) income per share | |||||||||||||||||||||||||
| U.S. GAAP (as reported) | $ | 2.9 | $ | (4.2 | ) | $ | (9.9 | ) | $ | (0.28 | ) | $ | 9.4 | $ | 1.6 | $ | (1.6 | ) | $ | (0.05 | ) | |||||||||||
| Transformation costs | — | — | — | $ | — | 4.8 | 4.8 | 3.7 | $ | 0.10 | ||||||||||||||||||||||
| Restructuring costs and asset impairment charges | 1.1 | 1.1 | 0.9 | $ | 0.03 | 0.1 | 0.1 | 0.1 | $ | 0.01 | ||||||||||||||||||||||
| Net gain on sale of non-core assets | — | — | — | $ | — | — | (0.3 | ) | (0.2 | ) | $ | (0.01 | ) | |||||||||||||||||||
| Valuation allowance on deferred tax assets | — | — | 2.3 | $ | 0.06 | — | — | 3.2 | $ | 0.09 | ||||||||||||||||||||||
| Non-U.S. GAAP (adjusted) | $ | 4.0 | $ | (3.1 | ) | $ | (6.7 | ) | $ | (0.19 | ) | $ | 14.3 | $ | 6.2 | $ | 5.2 | $ | 0.14 | |||||||||||||
| Six Months Ended | ||||||||||||||||||||||||||||||||
| November 1, 2025 (26 Weeks) | November 2, 2024 (27 Weeks) | |||||||||||||||||||||||||||||||
| Loss from operations | Pre-tax loss | Net loss | Diluted (loss) income per share | Income from operations | Pre-tax loss | Net loss | Diluted (loss) income per share | |||||||||||||||||||||||||
| U.S. GAAP (as reported) | $ | 4.0 | $ | (10.3 | ) | $ | (20.2 | ) | $ | (0.57 | ) | $ | 1.9 | $ | (11.5 | ) | $ | (19.9 | ) | $ | (0.56 | ) | ||||||||||
| Transformation costs | — | — | — | $ | — | 7.0 | 7.0 | 5.4 | $ | 0.15 | ||||||||||||||||||||||
| Partial write-off of unamortized debt issuance costs | — | 0.6 | 0.5 | $ | 0.01 | — | 1.2 | 0.9 | $ | 0.03 | ||||||||||||||||||||||
| Restructuring costs and asset impairment charges | 2.0 | 2.0 | 1.6 | $ | 0.05 | 0.7 | 0.7 | 0.6 | $ | 0.02 | ||||||||||||||||||||||
| Net gain on sale of non-core assets | — | (0.5 | ) | (0.4 | ) | $ | (0.01 | ) | — | (0.3 | ) | (0.2 | ) | $ | (0.01 | ) | ||||||||||||||||
| Valuation allowance on deferred tax assets | — | — | 4.0 | $ | 0.11 | — | — | 7.5 | $ | 0.21 | ||||||||||||||||||||||
| Non-U.S. GAAP (adjusted) | $ | 6.0 | $ | (8.2 | ) | $ | (14.5 | ) | $ | (0.41 | ) | $ | 9.6 | $ | (2.9 | ) | $ | (5.7 | ) | $ | (0.16 | ) | ||||||||||
This press release was published by a CLEAR® Verified individual.
FAQ
What were Methode Electronics (MEI) fiscal 2Q 2026 net sales and net loss?
Did Methode (MEI) update its fiscal 2026 guidance on Dec 3, 2025?
How did Methode's Automotive segment perform in fiscal 2Q 2026 (MEI)?
What happened to Methode's adjusted EBITDA and margins in fiscal 2Q 2026 (MEI)?
Is Methode (MEI) generating cash after the first half of fiscal 2026?
When is Methode's conference call to discuss fiscal 2Q 2026 results (MEI)?
