Methode affirms fiscal 2027 net sales guidance of $1.025-1.075 bln
Company expects fiscal 2027 adjusted EBITDA of $72-82 mln
Methode says fiscal 2027 outlook reflects risks from trade, geopolitical and supply chain factors
Company booked new non-data-center awards representing $75 mln in peak annual revenue and about $400 mln in lifetime revenue
Quarterly results and drivers
U.S. electronic solutions supplier's fiscal Q1 sales rose 10%, beating analyst expectations
Adjusted EBITDA fell yr/yr as lost contribution from the divested dataMate business and investments in talent and capabilities offset higher sales
Higher sales volumes in the Industrial segment, especially data center and lighting products, drove the overall sales increase
The sale of the dataMate business reduced Interface revenue and weighed on adjusted EBITDA comparisons
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$265.40 mln
$237.98 mln (3 Analysts)
Q1 Net Loss
$11.40 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
MEI•
