Methode Electronics Q2 net loss $9.9M ($0.28 EPS); sales down 15.6%; reaffirms FY guidance

METHODE ELECTRONICS INC

2026-Q2 EPS reported -$0.57 revenue$487,400,000

Net sales $246.9M, down 15.6% YoY (14 vs 13 weeks); sequential sales up 2.6%.
Net loss $9.9M ($0.28 loss) vs $1.6M loss ($0.05) prior-year Q2; adj. net loss $6.7M ($0.19).
Auto segment sales $110.5M (-24.1%) on legacy roll-off and lower EV demand; Industrial op. income up to $29.3M.
Adjusted EBITDA $17.6M (7.1% margin) vs $26.7M; reaffirms FY26 guidance: sales $900M-$1B, adj EBITDA $70-$80M.
Debt $332.5M (+$14.9M vs FY25 end); net debt $214M flat; Q2 free cash flow negative $11.6M, H1 positive $6.4M.

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