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Methode Electronics(MEI) - 2026 Q2 - Earnings Call Presentation
2025-12-04 16:00
Financial Performance - Q2 Fiscal Year 2026 - Net sales for Fiscal 2Q'26 were $247 million[6], a 16% decrease compared to the $292.6 million in 2Q'25[18] - Adjusted EBITDA for Fiscal 2Q'26 was $18 million[6], while in 2Q'25 it was $26.7 million[19] - Free cash flow improved by $47 million in 2Q'26 compared to the prior year[6] - Net debt reduced by $29.6 million, a 12% year-over-year decrease[25] Financial Performance - 1H Fiscal Year 2026 - Net sales for Fiscal 1H'26 were $487 million[6] - Adjusted EBITDA for Fiscal 1H'26 was $33 million[6] - Free cash flow for Fiscal 1H'26 was +$6 million[6] Guidance and Outlook - Fiscal year 2026 sales guidance reaffirmed at $900 million to $1 billion[7] - Fiscal year 2026 adjusted EBITDA guidance reaffirmed at $70 million to $80 million[7] - Capital expenditures are expected to be between $24 million and $29 million for fiscal year 2026[27] Strategic Focus - Aligning product portfolio with megatrends, including data centers and vehicle electrification[9] - Power Solutions offerings net sales increased from $116 million in FY22 to $252 million in FY25[13]