Corrects EPS fgure in KD table to $0.01 from $0.40

Overview

• U.S. electronic components supplier's fiscal Q4 sales rose 15.9%, beating analyst expectations

• Net income turned positive in fiscal Q4 after a loss in prior-year period

• Quarterly results driven by customer recoveries and operational efficiencies, mainly in Automotive segment

Outlook

• Methode Electronics expects fiscal 2027 net sales of $1.025 bln to $1.075 bln

• Company sees fiscal 2027 adjusted EBITDA between $72 mln and $82 mln

• Capital expenditures for fiscal 2027 expected at $25 mln to $30 mln

Result Drivers

• AUTOMOTIVE CUSTOMER RECOVERIES - Co said Q4 sales growth was mainly driven by customer recoveries in the Automotive segment

• INDUSTRIAL SEGMENT VOLUME - Higher sales volumes for lighting products for off-road equipment and power products supported Industrial segment growth

• OPERATIONAL EFFICIENCIES - Improved operating performance in Automotive and Industrial segments contributed to higher gross profit

Company press release: ID:nGNX5D6dB1

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Sales	Beat	$298.10 mln	$238.46 mln (3 Analysts)
Q4 EPS		$0.01
Q4 Net Income		$400,000

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electronic equipment & parts peer group is "buy"

• Wall Street's median 12-month price target for Methode Electronics Inc is $11.25, about 16% below its June 23 closing price of $13.40

• The stock recently traded at 183 times the next 12-month earnings vs. a P/E of 28 three months ago

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