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Jan 27, 2024
Methode Q3 2024 Earnings Report
Reported third quarter fiscal year 2024 financial results.
Key Takeaways
Methode Electronics reported a net sales of $259.5 million for the third quarter of fiscal 2024, a decrease compared to the same quarter of fiscal 2023. The company experienced a net loss of $11.6 million, or $0.33 per diluted share. The company has suspended its forward-looking guidance.
Net sales were $259.5 million.
Electric and hybrid vehicle applications were 19 percent of net sales.
Net loss was $11.6 million, or $0.33 per diluted share.
Free cash flow was $12.2 million.
Revenue by Segment
Forward Guidance
Due to the recent transition at the CEO position and the various market and operational challenges the business is facing, the company has suspended forward-looking guidance. Any and all previous guidance provided by the company should no longer be relied upon.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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