Q4 2026 Earnings

EX-99.1 2 mei-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Methode Electronics, Inc. Reports Fiscal 2026 Fourth Quarter and Full Year Financial Results Transformation progress drives improved profitability and positions the Company for continued growth in fiscal 2027 Fiscal Fourth Quarter 2026 Highlights • Net sales of $298.1 million, up 15.9% year-over-year, including $22.5 million of customer recoveries realized during the quarter • Net income of $0.4 million or 0.1% of net sales, compared to a net loss of $28.3 million in prior year period • Adjusted EBITDA of $26.9 million compared to Adjusted EBITDA loss of $7.1 million in prior year period Fiscal Year 2026 Highlights (52-week fiscal year 2026 compared to 53-week fiscal year 2025) • Net sales of $1,019.2 million, down 2.8% year-over-year • Net loss of $35.7 million or 3.5% of net sales, compared to a net loss of $62.6 million in fiscal 2...