Sees FY23 revenue $1.12B vs prior view $1.16 to $1.2B consensus 1.17B. “We delivered a record year for sales, our sixth in a row,” said Donald W. Duda, Methode Electronics President and Chief Executive Officer. “We expect lower sales and earnings in fiscal 2024 due to program roll-offs as well as market headwinds in commercial vehicles, data centers, and e-bikes. However, given the strength of our award activity over the past three years, we expect significant organic sales and earnings growth in fiscal 2025 over fiscal 2024.”
Published first on TheFly
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