Quarterly ResultJun 24, 2026, 04:01 PM
Methode Electronics Q4 Net Income $0.4M; FY27 Outlook Positive
AI Summary
Methode Electronics reported a significant turnaround in its fiscal fourth quarter 2026, achieving net income of $0.4 million compared to a substantial loss in the prior year, with net sales increasing by 15.9% to $298.1 million. For the full fiscal year 2026, the company's net sales decreased slightly to $1,019.2 million, but Adjusted EBITDA surged by 60.5% to $68.2 million, and free cash flow turned positive at $15.6 million. The company provided an optimistic outlook for fiscal year 2027, projecting net sales between $1.025 billion and $1.075 billion and Adjusted EBITDA between $72 million and $82 million, driven by ongoing transformation and operational improvements.
Key Highlights
- Fiscal Q4 2026 net sales were $298.1 million, up 15.9% year-over-year.
- Fiscal Q4 2026 net income was $0.4 million, compared to a net loss of $28.3 million in prior year.
- Fiscal Q4 2026 Adjusted EBITDA was $26.9 million, compared to 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 was $68.2 million, up 60.5% year-over-year.
- Fiscal Year 2026 free cash flow was $15.6 million, reversing a $15.2 million outflow in FY2025.
- Fiscal Year 2027 net sales are expected to be $1.025 billion to $1.075 billion.
- Fiscal Year 2027 Adjusted EBITDA is expected to be $72 million to $82 million.
Price Impact
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