Methode Electronics FY27 Q1 net loss widens to $11.4 million; net sales rise 10.4% to $265.4 million

Reuters2026/09/02 20:16

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Methode Electronics posted fiscal Q1 net sales of $265.4 million, up 10.4% year over year.
Net loss widened to $11.4 million, or $0.32 per diluted share, versus the prior-year quarter.
Operating results turned to a loss of $3.9 million; adjusted EBITDA (non-GAAP) slipped to $13.7 million from the prior-year quarter.
Industrial segment net sales climbed 27% to $156.8 million, driven by higher data center volumes; Automotive sales edged down 0.4% to $105.7 million.
Booked $75 million of peak annual revenue in new non-data center awards; affirmed fiscal 2027 net sales guidance of $1,025-$1,075 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Methode Electronics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609021615PRIMZONEFULLFEED9820576) on September 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Methode Electronics FY27 Q1 net loss widens to $11.4 million; net sales rise 10.4% to $265.4 million

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