MEI Q1 2027 sales rise 10% YoY; EBITDA down 13%
MEI reported Q1 2027 net sales of $265.4M, up 10% year-over-year, but adjusted EBITDA fell 13% to reflect one-time costs. FY 2027 guidance was affirmed, with 8% projected sales growth and planned EBITDA improvement.
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08:27:59 PM UTC
SquawkNews
Revenue grew 10.4% year-over-year to $265.4 million, led by Industrial segment strength, but net loss widened to $11.4 million due to higher expenses and tax impacts. The company amended its credit facility, maintained liquidity, and faces ongoing risks from global trade, supply chain, and litigati…
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