Key Highlights

  • Methode declared a quarterly dividend of $0.05 per share, payable October 30, 2026, to holders of record October 16.
  • Fiscal first-quarter 2027 net sales were $265.4 million, up 10.4%, with a net loss of $11.4 million, or $0.32 per share.
  • Industrial net sales rose 27.0% to $156.8 million, while Automotive recorded a loss from operations of $11.7 million.
  • Fiscal 2027 guidance is net sales of $1,025 million to $1,075 million and adjusted EBITDA of $72 million to $82 million.

Methode Electronics, Inc. (NYSE:MEI) declared a quarterly dividend of $0.05 per share on September 16, 2026, payable on October 30 to common stockholders of record on October 16. The company, which designs, engineers and manufactures mechatronic products, reported fiscal first-quarter net sales of $265.4 million and net cash used in operating activities of $7.8 million.

Dividend Program and Shareholder Returns

The board declared a quarterly dividend of $0.05 per share in a release dated September 16, 2026. It is to be paid on October 30, 2026, to common stockholders of record at the close of business on October 16, 2026, which is also the ex-dividend date.

At August 1, 2026, Methode had cash and equivalents of $116.2 million, total debt of $310.5 million and net debt of $194.3 million. During the quarter the company made a net repayment on debt of $10.1 million.

Free cash flow for the quarter was an outflow of $10.9 million.

About the Company

Methode Electronics, Inc. says it designs, engineers and manufactures mechatronic products for original equipment manufacturers and tiered suppliers. It reports three segments: Automotive, Industrial and Interface. Its shares trade on the New York Stock Exchange.

Financial Performance Behind the Payout

Net sales for the first quarter of fiscal 2027, which ended August 1, 2026, were $265.4 million, up 10.4% from $240.5 million. The net loss was $11.4 million, or $0.32 per diluted share, compared with a net loss of $10.3 million in the prior-year period. Adjusted EBITDA, a non-GAAP measure, was $13.7 million, compared with $15.7 million.

Industrial net sales were $156.8 million, up from $123.5 million, an increase of 27.0%. Income from operations was $31.6 million, or 20.2% of segment net sales. Automotive net sales were $105.7 million, down from $106.1 million, a decrease of 0.4%, with a loss from operations of $11.7 million, or 11.1% of segment net sales. Interface net sales were $2.9 million, down from $10.9 million.

New Awards, a Credit Facility Amendment and an Investor Day

Methode booked new non-data center awards totaling $75 million of peak annual revenue, or about $400 million of lifetime revenue. After quarter-end, it amended its revolving credit facility to extend certain maturities by one year to October 2028. The facility was reduced from $400 million to $375 million.

The company will host an Investor Day at the New York Stock Exchange on December 17, 2026. Its release carries a statement on the transformation effort: “Our transformation is a multi-year effort, and progress won’t always be linear.”

Outlook

Methode affirmed its fiscal 2027 guidance in the first-quarter release. Net sales are guided at $1,025 million to $1,075 million and adjusted EBITDA at $72 million to $82 million. Interest expense is guided at $20 million to $22 million, tax expense at $24 million to $26 million, depreciation and amortization at $58 million to $62 million, and capital expenditures at $25 million to $30 million.

Segment results, operating cash flow, free cash flow, total debt and the board’s quarterly declarations are the relevant factors for the dividend.