Methode Electronics reports Q2 adjusted EPS 14c, consensus (16c)

Reports Q2 revenue $292.6M, consensus $268.46M. President and Chief Executive Officer Jon DeGaynor said, “The team is energized, and these results demonstrate that we are heading in the right direction. Our sales in the quarter were the highest that we have reported since fiscal 2023, and our pre-tax income returned to positive territory. Our bookings remained solid, and our EV sales activity is steadily growing.”