Methode Electronics Q1 net loss $0.52/sh; affirms FY2025 guidance

METHODE ELECTRONICS INC

2025-Q1 EPS reported -$0.52 revenue$258,500,000

Net sales $258.5M, down 10.8% YoY; pre-tax loss $13.1M, adjusted pre-tax loss $9.1M.
Net loss $18.3M ($0.52/sh) vs net income $0.9M ($0.02/sh) prior year; adjusted net loss $0.31/sh.
Automotive segment sales fell 14.8% to $134.8M on EV lighting program roll-off; Industrial segment down 3.4%.
CFO Laura Kowalchik appointed effective Oct 1, 2024, replacing interim CFO David Rawden.
Guidance affirmed: FY2025 net sales flat vs FY2024, adjusted pre-tax approaching breakeven; FY2026 expected positive.

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