Methode Electronics, Inc. Reports Fiscal 2027 First Quarter Financial Results
Methode Electronics reported a 10.4% year-over-year increase in net sales to $265.4 million in the first quarter of fiscal 2027, driven primarily by growth in the Industrial segment, particularly data centers. However, net loss widened slightly to $11.4 million due to one-time costs from business divestiture and investments in talent and capabiliti…