EX-99.1 2 mei-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Methode Electronics, Inc. Reports Fiscal 2027 First Quarter Financial Results Continued transformation progress drove robust revenue growth and operational excellence gains Consolidated Fiscal First Quarter 2027 Highlights • Net sales of $265.4 million, up 10.4% year-over-year • Net loss of $11.4 million, compared to $10.3 million in prior-year period • Adjusted EBITDA of $13.7 million compared to $15.7 million in prior-year period • Net repayment on debt of $10.1 million in the quarter reflecting disciplined balance sheet management • Booked new non-data center awards totaling $75 million of peak annual revenue or ~$400 million of lifetime revenue • Subsequent to quarter-end, amended revolving credit facility to extend certain maturities one year to October 2028 • The Company affirmed its fiscal 2027 guidance Southfield, MI - September 2, 2026 - Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for power distribution, user interface, lighting, and sensor applications, today announced financial results for the first quarter of fiscal 2027 ended August 1, 2026. Presid…
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 September 2, 2026, Methode Electronics, Inc. (the “Company”) issued a press release announcing its financial results for its first quarter ended August 1, 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.