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…
Q1 2027 net sales rose 10% year-over-year to $265.4M, with strong industrial and data center growth, though adjusted EBITDA fell 13% due to one-time costs.
FY 2027 guidance was affirmed, projecting 8% sales growth and significant EBITDA improvement, supported by operational gains and a robust sales…