Earnings Release
EX-99.1 2 mei-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Methode Electronics, Inc. Reports Fiscal 2027 First Quarter Financial Results Continued transformation progress drove robust revenue growth and operational excellence gains Consolidated Fiscal First Quarter 2027 Highlights • Net sales of $265.4 million, up 10.4% year-over-year • Net loss of $11.4 million, compared to $10.3 million in prior-year period • Adjusted EBITDA of $13.7 million compared to $15.7 million in prior-year period • Net repayment on debt of $10.1 million in the quarter reflecting disciplined balance sheet management • Booked new non-data center awards totaling $75 million of peak annual revenue or ~$400 million of lifetime revenue • Subsequent to quarter-end, amended revolving credit facility to extend certain maturities one year to October 2028 • The Company affirmed its fiscal 2027 guidance Southfield, MI – Septemb...
Source
0000065270-26-000044
Filed September 2, 2026 at 8:21 PM UTC. The figures above are from the audited statements, not from this release.