StockDriftsMETHODE ELECTRONICS INC · MEI · 10-Q · Filed
Reports Q1 net sales up 10.4% to $265.4M, net loss of $11.4M
MEI
10-Q
Earnings
Source: SEC EDGAR, accession 0000065270-26-000045
What did METHODE ELECTRONICS INC announce?
Methode Electronics reports Q1 net sales of $265.4 million, up 10.4% year-over-year, with a net loss of $11.4 million.
Key details
- Q1 net sales increased by $24.9 million to $265.4 million from $240.5 million in the prior year period.
- The company reported a net loss of $11.4 million, compared to a net loss of $10.3 million in the prior year period.
- Gross profit margin remained consistent at 18.0% of net sales.
- Selling and administrative expenses rose by $9.3 million, or 25.4%, to $45.9 million.
Reported results
| Measure | Reported |
|---|---|
| Period | Q1 FY2027 |
| Revenue | $265.4M |
| Revenue, year ago | $240.5M |
| Revenue growth, YoY | +10.4% |
| Gross margin | 18.0% |
| Diluted EPS | $-0.32 |
| Reporting currency | USD |
Figures as reported by METHODE ELECTRONICS INC in this filing, in USD. Year-over-year growth is calculated from the two revenue lines above.
Why it matters
This 10-Q reports a results announcement at METHODE ELECTRONICS INC. The likely share-price reaction reads as negative.
Bearish