Methode Electronics FY27 Q1 net loss widens to $11.4 million; net sales rise 10.4% to $265.4 million - MEI News | RalliesMethode Electronics FY27 Q1 net loss widens to $11.4 million; net sales rise 10.4% to $265.4 million
M
MEI• Fiscal Q1 results
- 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.
Segment performance
- 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.
Bookings and outlook
- 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.
•
