Methode Electronics affirms fiscal 2027 guidance

Revenue grew 10.4% year-over-year to $265.4 million, led by industrial segment gains, but net loss widened to $11.4 million due to one-time costs and investments. Fiscal 2027 guidance was affirmed, and new non-data center awards signal future growth.Original document: Methode Electronics, Inc. [MEI…

Methode Electronics reported fiscal first quarter 2027 results with net sales of $265.4 million, up 10.4% year-over-year, and a net loss of $11.4 million ($0.32 diluted). Adjusted EBITDA was $13.7 million for the quarter and the company affirmed its fiscal 2027 guidance. Management highlighted grow…