secwatch.observer — SEC 8-K summary
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Issuer:     METHODE ELECTRONICS INC (MEI)
CIK:        0000065270
Form:       8-K
Filed at:   2025-12-03T23:59:59+00:00
Accession:  0000065270-25-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65270/000006527025000015/0000065270-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65270/000006527025000015/mei-20251203.htm
  HTML page:      https://secwatch.observer/filing/0000065270-25-000015

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