Methode Electronics (MEI) Tops Q2 EPS by 11c, provides guidance

Methode Electronics (NYSE: MEI) reported Q2 EPS of ($0.05), $0.11 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $292.6 million versus the consensus estimate of $269.78 million.

Guidance
For fiscal 2025, the company reaffirmed its expectation for net sales to be similar to fiscal 2024 but raised its adjusted pre-tax income expectation from approaching breakeven to approximately breakeven. The company expects net sales for the third quarter of fiscal 2025 to be similar to the prior year. For adjusted pre-tax income, the company expects the fourth quarter of fiscal 2025 to be significantly stronger than the third quarter of fiscal 2025, with the third quarter potentially having a pre-tax loss. For fiscal 2026, the company reaffirmed its expectation for net sales to be greater than fiscal 2025 and pre-tax income to be positive and notably greater than fiscal 2025.

The guidance is subject to change due to a variety of factors including the successful launch of multiple new programs, the ultimate take rates on new EV programs, success and timing of cost recovery actions, inflation, global economic instability, supply chain disruptions, transformation and restructuring efforts, potential impairments, any acquisitions or divestitures, and legal matters.

For earnings history and earnings-related data on Methode Electronics (MEI) click here.

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