• Reported GAAP EPS of -$0.45 down -9.76% YoY • Reported revenue of $233.7M down -2.58% YoY • Methode Electronics expects future amortization expense to be $5.7M for the remainder of fiscal 2026 and anticipates a gain of $9M to $10.5M from the dataMate business sale.
Bullish
Methode Electronics experienced Industrial segment sales and operating income growth, significantly improved cash flow from operations, and strategically sold assets to generate cash for debt reduction and general corporate purposes.
Bearish
Methode Electronics saw net sales decline and gross profit margins compress due to lower volumes, while facing macroeconomic and supply chain disruptions, along with increased foreign exchange losses and ongoing litigation.