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Stock impact report

Methode Electronics, Inc. Reports Fiscal 2025 Third Quarter Financial Results [Yahoo! Finance]

Methode Electronics, Inc. (MEI) 
Last methode electronics, inc. earnings: 3/5 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Guidance 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 million Electric and hybrid vehicle applications were 24% of net sales Pre-tax loss was $8.2 million; adjusted pre-tax loss was $7.3 million Tax expense of $6.2 million mainly due to a $6.5 million valuation allowance for U.S. deferred tax assets Net loss was $14.4 million, or $0.41 per diluted share Adjusted net loss was $7.2 million, or $0.21 per diluted share Net cash provided by operating activities was $28.1 million; free cash flow was $19.6 million Company was in full compliance with all debt covenants Management Comments President and Chief Executive Officer Jon DeG Show less Read more
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