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Methode Electronics (MEI)
NYSE:MEI
Earnings Data
Report Date
Jun 19, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.04Last Year’s EPS
-1.63Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -29.94%
|Next Earnings Date:Jun 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant achievements in operational improvements, successful program launches, and a revamped management team. However, these positives were counterbalanced by a notable decline in sales, ongoing challenges with EV program rollouts, and broader market weaknesses, particularly in the automotive sector.Company Guidance
During the Methode Electronics fiscal 2025 third-quarter earnings call, the company provided guidance indicating a challenging quarter with sales of $240 million and an adjusted pretax loss of $7 million. Despite a decrease in sales compared to the previous year, Methode Electronics managed to achieve $4 million higher gross profit, attributed to improved operational execution, including lower scrap and freight costs. The company also reported a return to positive free cash flow of $20 million. Sales in the EV sector accounted for 24% of consolidated sales, although the dollar amount decreased slightly. The data center market was highlighted as a significant growth area, contributing to strong sales in power products. Methode is focused on launching new programs, with 20 programs launched year-to-date and an additional 33 planned over the next five quarters. Looking ahead, the company reaffirmed its guidance for profitable organic sales growth in fiscal 2026, despite a reduction in fiscal 2025 sales expectations due to headwinds from legacy auto program roll-offs and softness in EV demand. The balance sheet remains strong, with full compliance with leverage and interest coverage ratios, and significant improvements in accounts receivable and inventory management.Successful Program Launches
Methode has successfully launched 20 new programs year-to-date and plans to launch another 33 programs over the next five quarters.
Executive Management Overhaul
The executive management team has been extensively rebuilt with five new leaders from outside the organization within the last seven months.
Data Center Sales Growth
Sales in data center applications were strong, contributing to 7% of quarterly sales and expected to reach 9% for the fiscal year, a significant increase from the historical 3-5% range.
Operational Improvements
Gross profit improved year-over-year due to lower scrap and freight costs, and operational improvements resulted in a $4 million increase in gross profit despite lower sales.
Positive Free Cash Flow
The company returned to positive free cash flow, generating $20 million in the quarter.
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MEI Earnings History
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 |
|---|---|---|---|
| Mar 05, 2025 | $9.82 | $6.98 | -28.92% |
| Dec 05, 2024 | $11.48 | $13.86 | +20.73% |
| Sep 05, 2024 | $9.82 | $10.09 | +2.75% |
| Jul 11, 2024 | $9.12 | $13.30 | +45.83% |
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 Jun 19, 2025, TBA Not Confirmed.
What is Methode Electronics (MEI) earnings time?
Methode Electronics (MEI) earnings time is at Jun 19, 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 (Q4) is 0.04.
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