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Stock impact report

Methode Electronics, Inc. Reports Fiscal 2025 Third Quarter Financial Results

Methode Electronics, Inc. (MEI) 
Last methode electronics, inc. earnings: 3/5 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
Strong Power Product Sales for Data Centers Positive Free Cash FlowTransformation Journey Well UnderwayGuidance Reaffirmed for Fiscal 2026 CHICAGO, March 05, 2025 (GLOBE NEWSWIRE) -- 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 2025 ended February 1, 2025. Fiscal Third Quarter 2025 Results Net sales were $239.9 millionElectric and hybrid vehicle applications were 24% of net salesPre-tax loss was $8.2 million; adjusted pre-tax loss was $7.3 millionTax expense of $6.2 million mainly due to a $6.5 million valuation allowance for U.S. deferred tax assetsNet loss was $14.4 million, or $0.41 per diluted shareAdjusted net loss was $7.2 million, or $0.21 per diluted shareNet cash provided by operating activities was $28.1 million; free cash flow was $19.6 millionCompany was in full c Show less Read more
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