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Methode Electronics Expects FY25 Net Sales To Be Similar To FY24 Of $1.115B Vs $1.044B Est And FY26 Net Sales Greater Than FY25 Net Sales

Author: Benzinga Newsdesk | July 11, 2024 07:05am

Guidance

For fiscal 2025, the company expects net sales to be similar to fiscal 2024 and adjusted pre-tax income to be approaching breakeven. The adjusted pre-tax income for the second half of fiscal 2025 is expected to be significantly stronger than the first half, with the first quarter of fiscal 2025 being similarly negative as the fourth quarter of fiscal 2024. For fiscal 2026, the company expects net sales to be greater than fiscal 2025 and pre-tax income to be positive and notably greater than fiscal 2025.

Posted In: MEI


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