EX-99.1 2 mei-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Methode Electronics, Inc. Reports Fiscal 2026 Third Quarter Financial Results Progress on transformation amid mixed market conditions • Net sales of $233.7 million, down 2.6% year-over-year • Net loss of $15.9 million or 6.8% of net sales; adjusted EBITDA margin of 3.1% • Narrowed FY26 Sales guidance, lowered adjusted EBITDA guidance to $58 to $62 million • Finalized agreement for the sale of Harwood Heights, IL facility • Subsequent to quarter-end, closed on the sale of dataMate business, purchase price of $16 million Southfield, MI - March 5, 2026 - Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, today announced financial results for the third quarter of fiscal 2026 ended January 31, 2026. President and Chief Executive Officer Jon DeGaynor said, “We continue to make progress in our transformation journey, a multi-year effort to align our portfolio, refine our organization, optimize our footprint, and strengthen operational discipline. During the quarter, we finalized an agreement for the sale of our …
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
METHODE ELECTRONICS INC
MEINYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On March 5, 2026, Methode Electronics, Inc. (the “Company”) issued a press release announcing its financial results for its third quarter ended January 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.…
Company context
Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom engineered solutions with sales, engineering, and manufacturing locations in North America, Europe, the Middle East and Asia. We design, engineer, and manufacture mechatronic products for OEMs and tiered suppliers across mobility, industrial, and commercial markets. Our capabilities include power distribution, including busbars, smart connect systems, battery disconnect units, and integrated circuit boards; as well as user interface components, specialized light-emitting diode (“LED”) lighting solutions, and sensor applications.
Current securities
Recent company filings
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsSep 25, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Submission of Matters to a Vote of Security HoldersSep 17, 2026
- S-8 filingSep 16, 2026
- 4 filingSep 14, 2026
- 4 filingSep 3, 2026