secwatch.observer — SEC 8-K summary
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Issuer:     METHODE ELECTRONICS INC (MEI)
CIK:        0000065270
Form:       8-K
Filed at:   2024-12-05T23:59:59+00:00
Accession:  0000950170-24-133528
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Methode Electronics Q2 net loss narrows to $1.6M; raises FY2025 adjusted pre-tax income guidance
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- Net sales $292.6M vs $288.0M YoY; net loss $1.6M ($0.05 loss per share) vs $55.3M loss in prior year.
- Adjusted net income $5.2M ($0.14 adjusted EPS) vs $2.4M ($0.06) YoY; adjusted pre-tax income $6.2M.
- Guidance: FY2025 adjusted pre-tax income raised to approximately breakeven (from approaching); FY2026 reaffirmed, sales > FY2025 and pre-tax positive.
- Over $50M in program awards; EV applications 20% of net sales.
- Operating cash flow negative $48.0M vs negative $0.6M; free cash flow negative $58.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65270/000095017024133528/0000950170-24-133528-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65270/000095017024133528/mei-20241205.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-133528

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