Methode Electronics Reports Fiscal 2025 Net Sales Decline to $1.048 Billion, Net Loss Narrows to $62.6 Million, EPS at $1.77

Reuters
11 Jul
Methode Electronics Reports Fiscal 2025 Net Sales Decline to $1.048 Billion, Net Loss Narrows to $62.6 Million, EPS at $1.77

Methode Electronics Inc. reported its fiscal 2025 financial results, showing a decline in net sales to $1.048 billion from $1.114 billion in fiscal 2024. The decrease was attributed primarily to lower volume in the Automotive segment due to previously disclosed program roll-offs, partially offset by record volume in the Industrial segment driven by power products in data center applications. The company's net loss narrowed to $62.6 million, or $1.77 per diluted share, from a loss of $123.3 million, or $3.48 per diluted share, in the previous fiscal year. Adjusted net loss, a non-GAAP measure, was reported at $39.7 million, or $1.12 per diluted share, compared to a loss of $15.0 million, or $0.43 per diluted share, in fiscal 2024. EBITDA improved significantly to $30.4 million from a negative $53.5 million in the prior year. Adjusted EBITDA was $42.5 million, down from $55.3 million in fiscal 2024. The board of directors approved a quarterly dividend of $0.07 per share, set to be paid on August 1, 2025.

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