Form 8-K
8-K — METHODE ELECTRONICS INC
Accession: 0000065270-26-000044
Filed: 2026-09-02
Period: 2026-09-02
CIK: 0000065270
SIC: 3678 (ELECTRONIC CONNECTORS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — mei-20260902.htm (Primary)
EX-99.1 (mei-ex99_1.htm)
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XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: mei-20260902.htm · Sequence: 1
8-K
false000006527000000652702026-09-022026-09-02
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 2, 2026
METHODE ELECTRONICS, INC.
(Exact name of Registrant as Specified in Its Charter)
Delaware
001-33731
36-2090085
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
25650 West 11 Mile Rd
Southfield, Michigan
48034-2253
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s Telephone Number, Including Area Code: (708) 867-6777
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, $0.50 Par Value
MEI
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On September 2, 2026, Methode Electronics, Inc. (the “Company”) issued a press release announcing its financial results for its first quarter ended August 1, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Form 8-K and the Exhibit attached hereto pertaining to the Company’s financial results shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
d)
Exhibits:
Exhibit
Number
Description
99.1
Earnings Release of Methode Electronics, Inc. dated September 2, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Methode Electronics, Inc.
Date:
September 2, 2026
By:
/s/ Laura Kowalchik
Laura Kowalchik
Chief Financial Officer
EX-99.1
EX-99.1
Filename: mei-ex99_1.htm · Sequence: 2
EX-99.1
Exhibit 99.1
Methode Electronics, Inc. Reports Fiscal 2027 First Quarter Financial Results
Continued transformation progress drove robust revenue growth and operational excellence gains
Consolidated Fiscal First Quarter 2027 Highlights
•
Net sales of $265.4 million, up 10.4% year-over-year
•
Net loss of $11.4 million, compared to $10.3 million in prior-year period
•
Adjusted EBITDA of $13.7 million compared to $15.7 million in prior-year period
•
Net repayment on debt of $10.1 million in the quarter reflecting disciplined balance sheet management
•
Booked new non-data center awards totaling $75 million of peak annual revenue or ~$400 million of lifetime revenue
•
Subsequent to quarter-end, amended revolving credit facility to extend certain maturities one year to October 2028
•
The Company affirmed its fiscal 2027 guidance
Southfield, MI – September 2, 2026 – Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for power distribution, user interface, lighting, and sensor applications, today announced financial results for the first quarter of fiscal 2027 ended August 1, 2026.
President and Chief Executive Officer Jon DeGaynor said, "We delivered a strong start to fiscal 2027, with net sales up 10%, driven primarily by higher volumes across our industrial portfolio, led by data centers. However, one-time costs, including the impact of last year’s dataMate divestiture and our investments in talent and capabilities, more than offset the higher sales and operational improvements. Absent the impact of the divestiture, Adjusted EBITDA would have increased year-over-year."
Mr. DeGaynor continued, “We booked new non-data center awards representing $75 million of peak annual revenue, or approximately $400 million of lifetime revenue - proof of the commercial momentum we are building as our execution improvements continue to translate into results with customers. Our transformation is a multi-year effort, and progress won't always be linear, but I'm confident we have the right strategy and the right team in place to deliver sustainable, profitable growth and long-term value for our shareholders."
Consolidated Fiscal First Quarter 2027 Financial Results
Methode's net sales were $265.4 million, compared to $240.5 million in the same quarter of fiscal 2026. The increase was primarily driven by higher Industrial segment volumes and mix, partially offset by the impact of the sale of the dataMate business and consumer appliance program roll-offs.
Gross profit was $47.7 million, up from $43.5 million in the prior-year quarter, primarily reflecting higher Industrial sales volumes and mix as well as operational improvements across the business, partially offset by higher material and freight costs.
Selling and administrative expenses were $45.9 million, up from $36.6 million in the prior-year quarter, primarily reflecting investments in talent and capabilities as well as higher professional fees.
Loss from operations was $3.9 million, compared to income from operations of $1.1 million in the same quarter of fiscal 2026. Adjusted loss from operations, a non-GAAP financial measure, was $2.2 million, compared to adjusted income from operations of $2.0 million in the same quarter of fiscal 2026.
Income tax expense was $4.1 million, compared to $4.2 million in the same quarter of fiscal 2026.
Net loss was $11.4 million or $0.32 per diluted share, compared to $10.3 million or $0.29 per diluted share in the same quarter of fiscal 2026. Adjusted net loss, a non-GAAP financial measure, was $7.7 million or $0.22 per diluted share, compared to $7.8 million or $0.22 per diluted share in the same quarter of fiscal 2026.
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization of Intangibles), a non-GAAP financial measure, was $12.0 million or 4.5% of net sales, compared to $14.7 million or 6.1% of net sales in the same quarter of fiscal 2026. Adjusted EBITDA, a non-GAAP financial measure, was $13.7 million, or 5.2% of net sales, compared to $15.7 million, or 6.5% of net sales, in the same quarter of fiscal 2026.
Net cash used in operating activities was $7.8 million, compared to net cash provided by operating activities of $25.1 million in the same quarter of fiscal 2026. The increase in cash usage was primarily due to timing that resulted in higher accounts receivable and inventory levels. Free cash flow, a non-GAAP financial measure defined as net cash provided by operating activities less purchases of property, plant, and equipment, was an outflow of $10.9 million, compared to an inflow of $18.0 million in the same quarter of fiscal 2026.
Subsequent to quarter end, the Company completed an amendment to its revolving credit agreement, extending certain maturities one year to October 2028. As part of that extension, the Company reduced its revolving credit facility from $400 million to $375 million at closing.
Segment Fiscal First Quarter 2027 Financial Results
Comparing the Automotive segment’s quarter to the same quarter of fiscal 2026:
•
Net sales were $105.7 million, down from $106.1 million. Net sales decreased $0.4 million or 0.4% largely due to lower sales volumes in EMEA and Asia, mostly offset by increased sales, including customer recoveries, in North America. Foreign exchange increased net sales by $0.6 million.
•
Loss from operations was $11.7 million, or (11.1)% of Automotive segment net sales, compared to a loss of $12.5 million, or (11.8)% in the prior-year. Loss from operations narrowed primarily due to improved operating performance, partially offset by an increase in selling and administrative expenses.
Comparing the Industrial segment’s quarter to the same quarter of fiscal 2026:
•
Net sales were $156.8 million, up from $123.5 million. Net sales increased $33.3 million or 27.0%, due to higher sales volumes for data center, on-highway and off-highway lighting products, including customer recoveries. Foreign currency translation increased net sales by $1.3 million.
•
Income from operations was $31.6 million, or 20.2% of Industrial segment net sales, compared to $26.5 million. The increase was primarily due to higher sales volumes and mix, partially offset by higher material and freight costs.
Comparing the Interface segment’s quarter to the same quarter of fiscal 2026:
•
Net sales were $2.9 million, down from $10.9 million. The decrease was primarily due to the divestiture of the dataMate business in the fourth quarter of fiscal 2026 and program roll-offs as the consumer appliance business winds down.
•
Loss from operations was $0.8 million, or (27.6)% of Interface segment net sales, compared to income from operations of $3.0 million. The decrease was primarily due to lower sales volumes and product mix.
Guidance
For fiscal 2027, the Company affirmed its previous guidance expectation. The Company's fiscal 2027 guidance reflects its current expectations based on available market information, including third-party industry forecasts, customer demand projections, current U.S. tariff policies, and bank forecast currency. The guidance is subject to change due to a variety of factors including the uncertainty in the global trade environment (tariffs, import duties and other trade compliance regulations), geopolitical instability such as conflicts in the Middle East, the successful launch of multiple new programs, the ultimate take rates on 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.
Fiscal 2027
$ Millions
Net sales
$1,025-1,075
Interest expense
$20-22
Tax expense
$24-26
D&A
$58-62
Adjusted EBITDA
$72-82
Capital expenditures
$25-30
Adjusted EBITDA is a non-GAAP financial measure. In reliance on the safe harbor provided under Section 10(e) of Regulation S-K, the company has not quantitatively reconciled from net income/loss (the most comparable GAAP measure) to Adjusted EBITDA presented in the fiscal 2027 guidance as the company is unable to quantify certain amounts included in net income due to the inherent uncertainty regarding such variables which may be significant.
Conference Call
The company will conduct a conference call and webcast tomorrow, September 3, 2026, at 8:00 a.m. Eastern Time to review financial and operational highlights led by its President and Chief Executive Officer, Jon DeGaynor, and Chief Financial Officer, Laura Kowalchik.
To participate in the conference call, please dial 888-506-0062 (domestic) or 973-528-0011 (international) and provide participant code 335951, at least ten minutes prior to the start of the event. A simultaneous webcast can be accessed through the company’s website, www.methode.com, on the Investors page.
A webcast replay will also be available on the company’s website, www.methode.com, on the Investors page.
About Methode Electronics, Inc.
Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom engineered solutions with sales, engineering, and manufacturing locations in North America, Europe, the Middle East and Asia. We design, engineer, and manufacture mechatronic products for OEMs and tiered suppliers across mobility, industrial, and commercial markets. Our capabilities include power distribution, including busbars, smart connect systems, battery disconnect units, and integrated circuit boards; as well as user interface components, specialized light-emitting diode (“LED”) lighting solutions, and sensor applications.
Our products are found in the end markets of transportation (including automotive, commercial vehicle, e-bike, aerospace, bus, and rail), cloud computing and data center infrastructure, and construction equipment. Our business is managed on a segment basis, with those segments being Automotive, Industrial, and Interface.
Non-GAAP Financial Measures
To supplement the company's financial statements presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Methode uses Adjusted Net Income (Loss), Adjusted Earnings (Loss) Per Diluted Share, Adjusted Pre-Tax Income (Loss), Adjusted Income (Loss) from Operations, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Net Debt and Free Cash Flow as non-GAAP measures. Reconciliation to the nearest GAAP measures of all non-GAAP measures included in this press release can be found at the end of this release. Methode's definitions of these non-GAAP measures may differ from similarly titled measures used by others. These non-GAAP measures should be considered supplemental to, and not a substitute for, financial information prepared in accordance with GAAP. The company believes that these non-GAAP measures are useful because they (i) provide both management and investors meaningful supplemental information regarding financial performance by excluding certain expenses and benefits that may not be indicative of recurring core business operating results, (ii) permit investors to view Methode's performance using the same tools that management uses to evaluate its past performance, reportable business segments and prospects for future performance, (iii) are commonly used by other companies in our industry and provide a comparison for investors to the company’s performance versus its competitors and (iv) otherwise provide supplemental information that may be useful to investors in evaluating Methode.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect, when made, our current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to our operations and business environment, which may cause our actual results to be materially different from any future results, expressed or implied, by such forward-looking statements. All statements that address future operating, financial or business performance or our strategies or expectations are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “outlook” or “continue,” and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following:
•
Dependence on the automotive, commercial vehicle, data center, and construction industries;
•
Timing, quality and cost of new program launches;
•
Changes in electric vehicle (“EV”) demand;
•
Investment in programs prior to the recognition of revenue;
•
Effects from production delays or cancelled orders;
•
Changes in global trade policies, including tariffs, and other costs of our global business;
•
Changes, expiration, or renegotiation of the United States Mexico Canada Agreement (“USMCA”);
•
Failure to attract and retain qualified personnel;
•
Effects from inflation;
•
Dependence on the availability and price of materials;
•
Dependence on a small number of large customers;
•
Dependence on our supply chain;
•
Risks related to conducting global operations;
•
Risks related to geopolitical conflicts;
•
Effects of potential catastrophic events or other business interruptions;
•
Our ability to withstand pricing pressures, including price reductions;
•
Our ability to compete effectively;
•
Our lengthy sales cycle;
•
Contracts with customers are not for guaranteed volumes;
•
Risks related to our exposure to technological change, customer concentration, and cyclical demand in the data center market;
•
Potential work stoppages;
•
Our ability to successfully benefit from acquisitions and divestitures;
•
Our ability to manage our debt levels and refinance or extend our credit agreement;
•
Our ability to comply with restrictions and covenants under our credit agreement;
•
Interest rate changes and variable rate instruments;
•
Timing and magnitude of costs associated with restructuring activities;
•
Recognition of goodwill, other intangible asset, and long-lived asset impairment charges;
•
Risks associated with inventory;
•
Currency fluctuations;
•
Income tax rate fluctuations;
•
Judgments related to accounting for tax positions;
•
Our ability to realize the benefits from our deferred tax assets;
•
Risks associated with litigation;
•
Risks associated with government inquiries;
•
Risks associated with warranty claims;
•
Effects of changing government regulations;
•
Changing requirements by stakeholders on environmental or social matters;
•
Effects of information technology (“IT”) disruptions or cybersecurity incidents;
•
Our ability to innovate and keep pace with technological changes; and
•
Our ability to protect our intellectual property.
Additional details and factors are discussed under the caption “Risk Factors” in our periodic reports filed with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. Any forward-looking statements made by us speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise.
Contact Information
ir@methode.com
METHODE ELECTRONICS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
(in millions, except per-share data)
Three Months Ended
August 1, 2026
August 2, 2025
(13 Weeks)
(13 Weeks)
Net sales
$
265.4
$
240.5
Cost of products sold
217.7
197.0
Gross profit
47.7
43.5
Selling and administrative expenses
45.9
36.6
Amortization of intangibles
5.7
5.8
Income (loss) from operations
(3.9
)
1.1
Interest expense, net
5.2
5.9
Other expense (income), net
(1.8
)
1.3
Pre-tax income (loss)
(7.3
)
(6.1
)
Income tax expense (benefit)
4.1
4.2
Net income (loss)
$
(11.4
)
$
(10.3
)
Income (loss) per share:
Basic
$
(0.32
)
$
(0.29
)
Diluted
$
(0.32
)
$
(0.29
)
Cash dividends per share
$
0.05
$
0.07
METHODE ELECTRONICS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in millions, except share and per-share data)
August 1, 2026
May 2, 2026
ASSETS
Current assets:
Cash and cash equivalents
$
116.2
$
139.6
Accounts receivable, net
256.4
257.3
Inventories, net
184.6
178.7
Income tax receivable
2.9
3.2
Prepaid expenses and other current assets
24.3
21.2
Total current assets
584.4
600.0
Long-term assets:
Property, plant and equipment, net
202.9
209.3
Goodwill
173.5
174.9
Other intangible assets, net
211.4
218.9
Operating lease right-of-use assets, net
19.4
20.5
Deferred tax assets
39.1
39.5
Pre-production costs
16.0
18.2
Other long-term assets
17.0
24.8
Total long-term assets
679.3
706.1
Total assets
$
1,263.7
$
1,306.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
136.9
$
134.1
Accrued employee liabilities
36.3
49.1
Other accrued liabilities
44.8
45.6
Short-term operating lease liabilities
8.9
8.9
Short-term debt
0.2
0.2
Income tax payable
15.2
15.6
Total current liabilities
242.3
253.5
Long-term liabilities:
Long-term debt
310.3
324.8
Long-term operating lease liabilities
13.8
14.8
Other long-term liabilities
5.2
5.8
Deferred tax liabilities
29.0
29.7
Total long-term liabilities
358.3
375.1
Total liabilities
600.6
628.6
Shareholders' equity:
Common stock, $0.50 par value, 100,000,000 shares authorized, 36,841,566 shares and 36,806,583 shares issued as of August 1, 2026 and May 2, 2026, respectively
18.4
18.4
Additional paid-in capital
202.2
200.1
Accumulated other comprehensive loss
(11.4
)
(8.8
)
Treasury stock, 1,346,624 shares as of August 1, 2026 and May 2, 2026
(11.5
)
(11.5
)
Retained earnings
465.4
479.3
Total shareholders' equity
663.1
677.5
Total liabilities and shareholders' equity
$
1,263.7
$
1,306.1
METHODE ELECTRONICS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions)
Three Months Ended
August 1, 2026
August 2, 2025
(13 Weeks)
(13 Weeks)
Operating activities:
Net income (loss)
$
(11.4
)
$
(10.3
)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Depreciation and amortization
14.1
14.9
Stock-based compensation expense
2.1
1.2
Amortization of debt issuance costs
0.4
0.3
Partial write-off of unamortized debt issuance costs
—
0.6
Gain on sale of property, plant and equipment
—
(0.5
)
Inventory obsolescence
2.7
1.7
Change in deferred income taxes
(0.8
)
0.5
Other
0.1
(1.0
)
Changes in operating assets and liabilities:
Accounts receivable, net
(0.7
)
28.3
Inventories, net
(9.3
)
2.8
Prepaid expenses and other assets
8.0
6.2
Accounts payable
1.7
(6.2
)
Other liabilities
(14.7
)
(13.4
)
Net cash provided (used) by operating activities
(7.8
)
25.1
Investing activities:
Purchases of property, plant and equipment
(3.1
)
(7.1
)
Proceeds from disposition of assets
—
1.3
Net cash provided (used) by investing activities
(3.1
)
(5.8
)
Financing activities:
Taxes paid related to net share settlement of equity awards
(0.3
)
(0.4
)
Repayments of finance leases
(0.1
)
(0.1
)
Debt issuance costs
—
(1.6
)
Cash dividends
(1.8
)
(2.8
)
Proceeds from borrowings
10.0
78.5
Repayments of borrowings
(20.1
)
(78.1
)
Net cash provided (used) by financing activities
(12.3
)
(4.5
)
Effect of foreign currency exchange rate changes on cash and cash equivalents
(0.2
)
2.7
Increase (decrease) in cash and cash equivalents
(23.4
)
17.5
Cash and cash equivalents at beginning of the period
139.6
103.6
Cash and cash equivalents at end of the period
$
116.2
$
121.1
Supplemental cash flow information:
Cash paid during the period for:
Interest
$
5.0
$
4.8
Income taxes, net of refunds
$
4.4
$
5.7
Operating lease obligations
$
2.4
$
2.2
METHODE ELECTRONICS, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES (unaudited)
(in millions)
Three Months Ended
August 1, 2026
August 2, 2025
(13 Weeks)
(13 Weeks)
EBITDA:
Net income (loss)
$
(11.4
)
$
(10.3
)
Income tax expense
4.1
4.2
Interest expense, net
5.2
5.9
Amortization of intangibles
5.7
5.8
Depreciation
8.4
9.1
EBITDA
12.0
14.7
Partial write-off of unamortized debt issuance costs
—
0.6
Restructuring costs and asset impairment charges
0.6
0.9
Net gain on sale of non-core assets
—
(0.5
)
Transaction cost and other strategic costs
1.1
—
Adjusted EBITDA
$
13.7
$
15.7
EBITDA as a % of net sales
4.5
%
6.1
%
Adjusted EBITDA as a % of net sales
5.2
%
6.5
%
Three Months Ended
August 1, 2026
August 2, 2025
(13 Weeks)
(13 Weeks)
Free Cash Flow:
Net cash provided (used) by operating activities
$
(7.8
)
$
25.1
Purchases of property, plant and equipment
(3.1
)
(7.1
)
Free cash flow
$
(10.9
)
$
18.0
August 1, 2026
May 2, 2026
Net Debt:
Short-term debt
$
0.2
$
0.2
Long-term debt
310.3
324.8
Total debt
310.5
325.0
Less: cash and cash equivalents
(116.2
)
(139.6
)
Net debt
$
194.3
$
185.4
METHODE ELECTRONICS, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP MEASURES (unaudited)
(in millions, except per share data)
Three Months Ended
August 1, 2026 (13 Weeks)
August 2, 2025 (13 Weeks)
Income (loss) from operations
Pre-tax income (loss)
Net income (loss)
Diluted income (loss) per share
Income (loss) from operations
Pre-tax income (loss)
Net income (loss)
Diluted income (loss) per share
U.S. GAAP (as reported)
$
(3.9
)
$
(7.3
)
$
(11.4
)
$
(0.32
)
$
1.1
$
(6.1
)
$
(10.3
)
$
(0.29
)
Restructuring costs and asset impairment charges
0.6
0.6
0.5
$
0.01
0.9
0.9
0.7
$
0.02
Partial write-off of unamortized debt issuance costs
—
—
—
$
—
—
0.6
0.5
$
0.01
Net gain on sale of non-core assets
—
—
—
$
—
—
(0.5
)
(0.4
)
$
(0.01
)
Transaction cost and other strategic costs
1.1
1.1
0.8
$
0.02
—
—
—
$
—
Valuation allowance on deferred tax assets
—
—
2.4
$
0.07
—
—
1.7
$
0.05
Non-U.S. GAAP (adjusted)
$
(2.2
)
$
(5.6
)
$
(7.7
)
$
(0.22
)
$
2.0
$
(5.1
)
$
(7.8
)
$
(0.22
)
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Document And Entity Information
Sep. 02, 2026
Entity Addresses [Line Items]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Sep. 02, 2026
Entity Registrant Name
METHODE ELECTRONICS, INC.
Entity Central Index Key
0000065270
Entity Emerging Growth Company
false
Entity File Number
001-33731
Entity Incorporation, State or Country Code
DE
Entity Tax Identification Number
36-2090085
Entity Address, Address Line One
25650 West 11 Mile Rd
Entity Address, City or Town
Southfield
Entity Address, State or Province
MI
Entity Address, Postal Zip Code
48034-2253
City Area Code
(708)
Local Phone Number
867-6777
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common Stock, $0.50 Par Value
Trading Symbol
MEI
Security Exchange Name
NYSE
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
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Address Line 1 such as Attn, Building Name, Street Name
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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
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Two-character EDGAR code representing the state or country of incorporation.
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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
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Local phone number for entity.
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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
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