secwatch.observer — SEC 8-K summary
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Issuer:     METHODE ELECTRONICS INC (MEI)
CIK:        0000065270
Form:       8-K
Filed at:   2026-03-05T23:59:59+00:00
Accession:  0000065270-26-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Methode Electronics reports Q3 net loss of $15.9M; lowers FY26 adjusted EBITDA guidance to $58-62M
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- Net sales $233.7M (-2.6% YoY); net loss $15.9M (-$0.45) vs loss $14.4M (-$0.41).
- Adjusted net loss $13.1M (-$0.37) vs $7.2M (-$0.21); adjusted EBITDA $7.3M (3.1% margin).
- Automotive segment sales $106.2M (-8.2%); loss from operations $12.7M vs $9.0M.
- Industrial segment sales $122.5M (+9.5%); income from ops $25.2M.
- FY26 guidance: net sales $950M-$1B (narrowed); adjusted EBITDA $58-62M (lowered). Sold dataMate for $16M post-quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65270/000006527026000005/0000065270-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65270/000006527026000005/mei-20260305.htm
  HTML page:      https://secwatch.observer/filing/0000065270-26-000005

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