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Nov 02, 2024
Methode Q2 2025 Earnings Report
Methode reported solid net sales and positive pre-tax income, with over $50 million in program awards and raised adjusted pre-tax income guidance for fiscal 2025.
Key Takeaways
Methode Electronics reported fiscal 2025 second quarter results, featuring net sales of $292.6 million and a net loss of $1.6 million, or $0.05 per diluted share. Adjusted net income was $5.2 million, or $0.14 per diluted share. The company raised its adjusted pre-tax income guidance for fiscal 2025.
Net sales reached $292.6 million.
Electric and hybrid vehicle applications accounted for 20% of net sales.
Pre-tax income was $1.6 million; adjusted pre-tax income was $6.2 million.
Net loss amounted to $1.6 million, or $0.05 per diluted share; adjusted net income was $5.2 million, or $0.14 per diluted share.
Revenue by Segment
Forward 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 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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