Methode Electronics, Inc. (MEI) reported fiscal 2027 first-quarter net sales of $265.4 million, up 10.4% year-over-year, driven mainly by higher Industrial segment volumes, especially data center, on-highway and off-highway lighting products. Despite higher sales and improved gross profit, one-time costs and higher selling and administrative expenses led to a net loss of $11.4 million, slightly worse than the prior-year loss.
Adjusted EBITDA declined to $13.7 million (5.2% margin) from $15.7 million (6.5% margin), and free cash flow swung to an outflow of $10.9 million from an inflow of $18.0 million, largely due to working capital timing. The Industrial segment delivered strong operating income of $31.6 million on 27.0% sales growth, while Automotive remained loss-making and Interface declined after the dataMate divestiture. The company reduced net debt to $194.3 million, made a net $10.1 million debt repayment, amended its revolving credit facility with certain maturities extended to October 2028, and affirmed fiscal 2027 guidance for net sales of $1.025–$1.075 billion and Adjusted EBITDA of $72–$82 million.
Methode Electronics Inc. reported that Chief Financial Officer Laura Michele Kowalchik disposed of 11,268 shares of common stock on 2026-08-08 in a transaction classified as a disposition to the issuer at $16.67 per share. According to the company’s disclosure, these shares were withheld to satisfy tax obligations arising from the vesting of restricted stock units, rather than being sold in the open market. Following this withholding, Kowalchik directly holds 149,436 shares of Methode Electronics common stock.
METHODE ELECTRONICS INC General Counsel Kerry A. Vyverberg reported a disposition of 4,327 shares of common stock on 2026-08-08, described as shares withheld to satisfy tax obligations related to vesting of restricted stock units at $16.67 per share. This was a disposition to the issuer, not an open-market sale. After this withholding, Vyverberg directly holds 35,904 shares and indirectly holds 13,783 shares in a 401(k) plan.
METHODE ELECTRONICS INC officer Erwin John Thomas reported a disposition of 4,068 shares of common stock on 2026-08-08 at $16.67 per share. According to the footnote, these shares were withheld by the issuer to cover the reporting person's tax withholding obligation on vested restricted stock units. Following this transaction, Thomas directly holds 54,603 common shares and indirectly holds 1,519 shares through the Methode 401(k) Plan.
Methode Electronics CEO and President Jonathan B. DeGaynor reported an internal share transaction involving common stock. On 2026-08-08, 47,268 shares were returned to the issuer at $16.67 per share, representing shares withheld to satisfy tax obligations from vesting restricted stock units. After this disposition to the issuer, DeGaynor directly held 366,324 shares and indirectly held 1,987 shares in the Methode 401(k) Plan.
METHODE ELECTRONICS INC executive Lars Ullrich, SVP Global Automotive Business, reported a disposition of 8,157 shares of common stock on 2026-08-08 at $16.67 per share. According to the footnote, these shares were withheld to satisfy tax obligations related to vesting of restricted stock units. Following this, he directly holds 83,604 shares, and an additional 15,150 shares are held indirectly through a joint account with his spouse.
Bobek Therese M reported acquisition or exercise transactions in this Form 4 filing.
Methode Electronics Inc. director Therese M. Bobek received an award of 100.31 phantom stock units on July 31, 2026 at $13.99 per unit, credited through the dividend reinvestment feature of the Nonqualified Deferred Compensation Plan. After this, she holds 28,168.49 phantom stock units indirectly and 21,543 shares of common stock directly.
SCHWABERO MARK D reported acquisition or exercise transactions in this Form 4 filing.
Methode Electronics director Mark D. Schwabero was credited 167.8800 phantom stock units on 2026-07-31 under the company’s Nonqualified Deferred Compensation Plan via its dividend reinvestment feature, at a reference value of $13.9900 per unit. This increased his indirect phantom stock balance to 47142.6300 units, while he also holds 6000 common shares directly.
Cadwallader Brian J reported acquisition or exercise transactions in this Form 4 filing.
Methode Electronics director Brian J. Cadwallader was credited 167.88 phantom stock units on 2026-07-31 at $13.99 per unit. These theoretical common shares were added through the dividend reinvestment feature of the company’s Nonqualified Deferred Compensation Plan, raising his indirect phantom stock balance to 47,142.63 units. He also indirectly holds 6,800 common shares in a trust.
LINDSEY MARY A reported acquisition or exercise transactions in this Form 4 filing.
METHODE ELECTRONICS INC director Mary A. Lindsey received an additional 112.49 phantom stock units on July 31, 2026 at $13.99 per unit. These theoretical common shares were credited through the dividend reinvestment feature of the company’s Nonqualified Deferred Compensation Plan. After this credit, she indirectly holds 31,588.18 phantom stock units in the deferred compensation plan and directly owns 25,970 common shares of Methode Electronics.