Methode Electronics (MEI) Misses Q4 EPS by 3c ; Provides Outlook

Methode Electronics (NYSE: MEI) reported Q4 EPS of ($0.23), $0.03 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $277.3 million versus the consensus estimate of $266.95 million.

Guidance
For fiscal 2025, the company expects net sales to be similar to fiscal 2024 and adjusted pre-tax income to be approaching breakeven. The adjusted pre-tax income for the second half of fiscal 2025 is expected to be significantly stronger than the first half, with the first quarter of fiscal 2025 being similarly negative as the fourth quarter of fiscal 2024. For fiscal 2026, the company expects net sales to be greater than fiscal 2025 and pre-tax income to be positive and notably greater than fiscal 2025.

For earnings history and earnings-related data on Methode Electronics (MEI) click here.

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