secwatch.observer — SEC 8-K summary
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Issuer:     METHODE ELECTRONICS INC (MEI)
CIK:        0000065270
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0000950170-25-033707
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Methode Electronics Q3 net loss $14.4M ($0.41/share); reaffirms FY2026 growth guidance
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- Net sales $239.9M, pre-tax loss $8.2M; net loss $14.4M ($0.41 diluted EPS).
- Adjusted net loss $7.2M ($0.21/share); free cash flow $19.6M vs $12.2M prior year.
- Automotive segment sales down 17.2% to $115.7M; Industrial segment up 4.5% to $111.9M on data center demand.
- Q4 guidance: net sales $240-255M, pre-tax loss to $3M income; FY2026 outlook reaffirmed for sales growth and positive pre-tax income.
- Debt $327.9M; full compliance with all covenants; 53 new programs planned, 20 launched this fiscal year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65270/000095017025033707/0000950170-25-033707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65270/000095017025033707/mei-20250305.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-033707

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