Methode Electronics Q1 FY2026 net loss $10.3M; Industrial sales up 10.8%

METHODE ELECTRONICS INC

2026-Q1 EPS reported -$0.29 revenue$240,500,000

Net sales $240.5M, down 7% YoY; net loss $10.3M ($0.29 diluted EPS) vs $18.3M loss a year ago.
Income from operations improved to $1.1M from -$7.5M; adjusted net loss $7.8M ($0.22 per share).
Automotive segment sales fell 21.3% to $106.1M; Industrial segment sales rose 10.8% to $123.5M.
Free cash flow $18.0M, third consecutive quarter positive; net debt reduced to $202.3M from $214.0M.
FY2026 guidance reaffirmed: sales $900M-$1,000M, EBITDA $70M-$80M; expects stronger H2.

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