Quarterly ResultJun 24, 2026, 04:22 PM
Methode Electronics Q4 Net Income $0.4M; FY26 Sales $1.02B; FY27 Outlook
AI Summary
Methode Electronics reported a strong fourth quarter for fiscal year 2026, with net sales rising 15.9% to $298.1 million and net income reaching $0.4 million, a substantial improvement from a net loss in the prior year. For the full fiscal year 2026, net sales were $1,019.2 million, and Adjusted EBITDA grew by 60.5% to $68.2 million, alongside positive free cash flow of $15.6 million. The company provided an optimistic outlook for fiscal year 2027, forecasting net sales between $1.025 billion and $1.075 billion and Adjusted EBITDA of $72 million to $82 million, driven by transformation progress and operational improvements.
Key Highlights
- Q4 2026 Net sales increased 15.9% year-over-year to $298.1 million.
- Q4 2026 Net income was $0.4 million, a significant improvement from a $28.3 million net loss in prior year.
- Q4 2026 Adjusted EBITDA was $26.9 million, up from a $7.1 million loss in prior year.
- Fiscal Year 2026 Net sales were $1,019.2 million, down 2.8% year-over-year.
- Fiscal Year 2026 Adjusted EBITDA increased 60.5% year-over-year to $68.2 million.
- Fiscal Year 2026 Free cash flow was an inflow of $15.6 million, compared to an outflow of $15.2 million in FY25.
- Fiscal Year 2027 Net sales are projected to be in the range of $1.025 billion to $1.075 billion.
- Fiscal Year 2027 Adjusted EBITDA is expected to be between $72 million and $82 million.
Price Impact
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