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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.
Methode
Methode
Methode Revenue by Segment
Revenue by Segment
Automotive Revenue
CapyFin.comIndustrial Revenue
CapyFin.comInterface Revenue
CapyFin.com 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