METHODE ELECTRONICS INC (MEI) Form 10-K — Jun 24, 2026
Methode Electronics reported fiscal 2026 net sales of $1,019.2 million, a 2.8% decrease from the prior year, while narrowing its net loss to $35.7 million compared to a loss of $62.6 million in fiscal 2025. The decline in sales was driven by program roll-offs in the Automotive and Interface segments, though the Industrial segment grew 7.6% to $524.3 million on higher sales volumes and improved operational efficiencies. The company faces ongoing liquidity challenges with $326.4 million outstanding under its revolving credit facility and restrictive covenants, including an anti-cash hoarding provision that forces debt prepayments if U.S. cash exceeds $65 million.
Key figures
- Revenue
- 1,019.2
- Net Income
- -35.7
- Total Debt
- 326.4
- Cash Position
- 139.6
- Auto Segment Sales
- 467.7
- Debt Maturity Date
- October 31, 2027
- Revenue Growth Percent
- -2.8
- Industrial Segment Sales
- 524.3
Price after filing
Close on the filing date to close N calendar days later (from $13.94). Historical, not a forecast.
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