Methode Electronics (MEI) reported late Wednesday a fiscal Q4 adjusted net loss of $0.77 per diluted share, wider than a loss of $0.23 a year earlier.

One analyst expected a profit of $0.03 per share in a FactSet poll.

Net sales the quarter ended May 3 were $257.1 million, down from $277.3 million a year earlier.

Three analysts surveyed by FactSet expected $232.9 million.

The company said it expects fiscal 2026 net sales of $900 million to $1.00 billion. Analysts expected $1.03 billion.

The shares were down about 11% in after-hours activity.