Methode Electronics, Inc. (MEI) Q1 FY2027 earnings

Reported results

• Net sales of $265.4 million, up 10.4% from $240.5 million in prior-year period
• GAAP net loss of $11.4 million or $0.32 per diluted share, compared to $10.3 million or $0.29 per diluted share in prior-year period
• Adjusted EBITDA (non-GAAP) of $13.7 million, or 5.2% of net sales, compared to $15.7 million, or 6.5% of net sales, in prior-year period
• EBITDA (non-GAAP) of $12.0 million, or 4.5% of net sales, compared to $14.7 million, or 6.1% of net sales, in prior-year period
• Adjusted net loss (non-GAAP) of $7.7 million or $0.22 per diluted share, compared to $7.8 million or $0.22 per diluted share in prior-year period
• Free cash flow (non-GAAP) outflow of $10.9 million, compared to inflow of $18.0 million in prior-year period

Guidance

• Fiscal 2027 net sales guidance: $1,025–$1,075 million
• Fiscal 2027 interest expense guidance: $20–$22 million
• Fiscal 2027 tax expense guidance: $24–$26 million
• Fiscal 2027 depreciation and amortization guidance: $58–$62 million
• Fiscal 2027 adjusted EBITDA (non-GAAP) guidance: $72–$82 million
• Fiscal 2027 capital expenditures guidance: $25–$30 million

Notes

The company affirmed its fiscal 2027 guidance. Adjusted EBITDA is a non-GAAP measure; the company has not quantitatively reconciled from net income/loss due to inherent uncertainty regarding certain variables. One-time costs including the dataMate divestiture impact and investments in talent and capabilities offset higher sales and operational improvements. Subsequent to quarter-end, the company amended its revolving credit facility to extend certain maturities one year to October 2028 and reduced the revolving credit facility from $400 million to $375 million.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-02 (8-K, Item 2.02). Read the original filing on sec.gov.