Methode Electronics Shares Slide On Wider 2Q Loss, Sales Decline

Dow Jones12-05

By Elias Schisgall

Methode Electronics shares slid after the technology company widened its loss and reported declining sales in the fiscal second quarter.

Shares were down 9.6% to $7.83 midday Thursday. The stock has fallen 34% this year.

The company on Wednesday posted a loss of $9.9 million, or 28 cents a share, compared with a loss of $1.6 million, or five cents a share, a year earlier.

Stripping out certain one-time items, the company reported an adjusted loss of 19 cents a share.

Sales fell to $246.9 million from $292.6 million a year prior. Analysts polled by FactSet were expecting $236.1 million in sales.

The sales decline was largely driven by a 24% decrease in automotive sales, to $110.5 million from $145.5 million a year earlier. The company attributed the dip to the roll-off of some legacy programs and lower sales of sensor and user interface products.

Sales in the company's industrial and interface segments also fell year-over-year.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

December 04, 2025 12:58 ET (17:58 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The stock has fallen 34% this year. \n\n\n  The company on Wednesday posted a loss of $9.9 million, or 28 cents a share, compared with a loss of $1.6 million, or five cents a share, a year earlier. \n\n\n  Stripping out certain one-time items, the company reported an adjusted loss of 19 cents a share. \n\n\n  Sales fell to $246.9 million from $292.6 million a year prior. Analysts polled by FactSet were expecting $236.1 million in sales. \n\n\n  The sales decline was largely driven by a 24% decrease in automotive sales, to $110.5 million from $145.5 million a year earlier. 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