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Methode Electronics (MEI)
NYSE:MEI
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Methode Electronics (MEI) Earnings Date & Reports

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Earnings Data

Report Date
Mar 06, 2025
TBA Not Confirmed
Period Ending
2025 (Q3)
Consensus EPS Forecast
-$0.12
Last Year’s EPS
-$0.33
Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Dec 05, 2024
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% Change Since: 4.65%
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Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a positive outlook with increased sales, reduced costs, and strong program awards. However, challenges in automotive and commercial vehicle markets, cash flow issues, and an ongoing SEC subpoena present potential concerns.
Company Guidance
During the Methode Electronics Q2 2025 earnings call, the company provided guidance indicating stable sales for the fiscal year, reaffirming expectations for flat sales compared to the previous year, while increasing the adjusted pretax income guidance to approximately breakeven. This adjustment reflects outperformance in the second quarter, where sales reached $293 million, aided by an extra week in the fiscal quarter contributing around $20 million. The company highlighted a sequential increase in EV sales, which made up 20% of total sales, and noted a robust order intake with over $50 million in annual program awards. Despite facing headwinds in the automotive and commercial vehicle sectors, Methode is experiencing tailwinds from data center growth. The leadership emphasized continued focus on execution, cost reduction, and managing cash flow, with the expectation of improved financial performance in fiscal 2026.
Increased Sales and Pretax Income
Sales for the quarter reached $293 million, with an adjusted pretax income of $9 million. This includes a sequential increase in EV-related sales from 18% to 20% of total sales.
Significant Reduction in Freight Costs
The company achieved a notable reduction in freight costs, particularly premium freight, contributing to improved operational execution and cost efficiency.
Data Center Segment Growth
Sales in Power Products for data center applications grew by approximately 50% year-over-year, contributing positively to the company's overall performance.
Strong Program Awards and Launches
The company secured over $50 million in annual program awards and is on track with 30 program launches in fiscal '25, with another 20+ programs planned for fiscal '26.
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Methode Electronics (MEI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

MEI Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 06, 20252025 (Q3)
-0.12 / -
-0.33
Dec 05, 20242025 (Q2)
-0.17 / -0.05
-1.5596.77% (+1.50)
Sep 05, 20242025 (Q1)
-0.31 / -0.52
0.02-2700.00% (-0.54)
Jul 11, 20242024 (Q4)
-0.20 / -1.63
0.22-840.91% (-1.85)
Mar 07, 20242024 (Q3)
0.08 / -0.33
0.54-161.11% (-0.87)
Dec 07, 20232024 (Q2)
0.11 / -1.55
0.75-306.67% (-2.30)
Sep 07, 20232024 (Q1)
0.23 / 0.02
0.58-96.55% (-0.56)
Jun 22, 20232023 (Q4)
0.38 / 0.22
0.43-48.84% (-0.21)
Mar 09, 20232023 (Q3)
0.69 / 0.54
0.78-30.77% (-0.24)
Dec 01, 20222023 (Q2)
0.64 / 0.75
0.724.17% (+0.03)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MEI Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Dec 05, 2024$11.61$14.02+20.76%
Sep 05, 2024$9.93$10.21+2.82%
Jul 11, 2024$9.23$13.45+45.72%
Mar 07, 2024$20.33$14.00-31.14%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Methode Electronics (MEI) report earnings?
Methode Electronics (MEI) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
    What is Methode Electronics (MEI) earnings time?
    Methode Electronics (MEI) earnings time is at Mar 06, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is MEI EPS forecast?
          MEI EPS forecast for the fiscal quarter 2025 (Q3) is -$0.12.
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            Methode Electronics (MEI) Earnings News

            Methode Electronics Tanks on Prelim FY23 Numbers
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            Methode Electronics Tanks on Prelim FY23 Numbers
            2y ago
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