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METHODE ELECTRONICS INC (MEI) filed an 8-K current report with the SEC on June 24, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Fiscal fourth-quarter and full-year results for the period ended May 2, 2026.
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Item 2.02 · Results of Operations and Financial Condition
- Fiscal fourth-quarter and full-year results for the period ended May 2, 2026
- Press release issued June 24, 2026; detailed financial results furnished in Exhibit 99.1
- Results provided for disclosure purposes, not deemed filed under Exchange Act Section 18 absent specific incorporation reference
Item EX-99.1 · Exhibit EX-99.1
- Q4 net sales $298.1M, up 15.9%, with $22.5M of Automotive customer recoveries boosting reported growth
- Q4 Adjusted EBITDA $26.9M versus $7.1M loss, but adjusted net loss remained $10.4M
- Fiscal 2026 Adjusted EBITDA $68.2M, up 60.5%, while net sales fell 2.8% to $1.019B
- Free cash flow improved to $15.6M from a $15.2M outflow, reducing net debt to $185.4M
- Fiscal 2027 guidance: sales $1.025B-$1.075B and Adjusted EBITDA $72M-$82M, signaling modest growth and continued margin improvement
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