Methode Electronics Appoints New VP of Global Operations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
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Should l Buy MEI?
Source: Newsfilter
- Executive Appointment: Methode Electronics has appointed manufacturing veteran Arnie Jensen as Vice President of Global Operations, leveraging his over 25 years of industry experience to enhance global operational excellence, improve manufacturing capabilities, and elevate delivery quality, thereby increasing customer satisfaction and shareholder value.
- Operational Structure Optimization: The management has decided to create a more integrated global operations structure to better capture growth opportunities and meet customer needs, aiming to enhance overall business efficiency and market responsiveness through this strategic adjustment.
- Leadership Background: Jensen joins from Race Winning Brands as President of Automotive and previously served as Vice President of Operations at American Axle, accumulating extensive multinational operational and merger integration experience, which is expected to strengthen Methode's market competitiveness.
- Global Market Expansion: As a leading global supplier of custom-engineered solutions, Methode Electronics is committed to providing innovative products across automotive, industrial, and interface sectors, and Jensen's addition is anticipated to further drive the company's expansion and business growth in global markets.
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Analyst Views on MEI
Wall Street analysts forecast MEI stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 11.020
Low
9.00
Averages
9.50
High
10.00
Current: 11.020
Low
9.00
Averages
9.50
High
10.00
About MEI
Methode Electronics, Inc. is a global supplier of custom-engineered solutions. The Company designs, engineers, and produces mechatronic products for original equipment manufacturers (OEMs) utilizing its range of technologies for user interface, lighting system, power distribution and sensor applications. Its segments include Automotive, Industrial, and Interface. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile OEMs, either directly or through their tiered suppliers. Its products include integrated overhead and center consoles, hidden and ergonomic switches, transmission lead-frames, and LED-based lighting and sensors. The Industrial segment manufactures exterior and interior lighting solutions, industrial safety radio remote controls, braided flexible cables, current-carrying laminated busbars and devices, custom power-product assemblies. The Interface segment provides interface panel solutions for the appliance market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Methode Electronics Appoints New VP of Global Operations
- Executive Appointment: Methode Electronics has appointed manufacturing veteran Arnie Jensen as Vice President of Global Operations, leveraging his over 25 years of industry experience to enhance global operational excellence, improve manufacturing capabilities, and elevate delivery quality, thereby increasing customer satisfaction and shareholder value.
- Operational Structure Optimization: The management has decided to create a more integrated global operations structure to better capture growth opportunities and meet customer needs, aiming to enhance overall business efficiency and market responsiveness through this strategic adjustment.
- Leadership Background: Jensen joins from Race Winning Brands as President of Automotive and previously served as Vice President of Operations at American Axle, accumulating extensive multinational operational and merger integration experience, which is expected to strengthen Methode's market competitiveness.
- Global Market Expansion: As a leading global supplier of custom-engineered solutions, Methode Electronics is committed to providing innovative products across automotive, industrial, and interface sectors, and Jensen's addition is anticipated to further drive the company's expansion and business growth in global markets.
See More
Methode Electronics Q3 2026 Earnings Call Insights
- Sales Performance Overview: Methode Electronics reported net sales of $233.7 million for Q3, a 3% decline year-over-year primarily due to softness in the North American automotive market, although growth in the industrial power sector provided some support.
- Adjusted EBITDA Decline: Adjusted EBITDA stood at $7.3 million, down $5 million from the previous year, reflecting high costs and customer program delays during the transformation process, which pressured profitability.
- Strong Cash Flow: Despite challenges, Methode generated $10 million in free cash flow for the quarter, with year-to-date free cash flow reaching $16.5 million, demonstrating robust cash management capabilities.
- Outlook Adjustment: The company raised its fiscal 2026 net sales guidance to a range of $950 million to $1 billion, primarily benefiting from favorable foreign currency translation, but lowered adjusted EBITDA guidance to $58 million to $62 million, reflecting delays and higher expenses associated with the transformation.
See More
Methode (MEI) Q3 2026 Earnings Call Transcript
See More
Methode Electronics Q3 Earnings Report Analysis
- Earnings Performance: Methode Electronics reported a Q3 Non-GAAP EPS of -$0.37 with revenue of $233.7 million, reflecting a 2.6% year-over-year decline, indicating pressure in market competition that could undermine investor confidence.
- Guidance Revision: The company revised its fiscal 2026 full-year guidance, now expecting net sales between $950 million and $1 billion, narrowing from the previous outlook of $900 million to $1 billion, which reflects a cautious stance on market demand.
- EBITDA Guidance Downgrade: Methode lowered its fiscal 2026 Adjusted EBITDA guidance to a range of $58 million to $62 million, which may negatively impact the company's profitability and exacerbate market concerns regarding its financial health.
- Business Sale Update: Methode Electronics is selling its dataMate copper transceiver business to Bel Fuse, a move that may allow the company to focus resources on its core operations while potentially affecting its short-term revenue structure.
See More
Methode Electronics Reports Q3 Loss
- Financial Performance Decline: Methode Electronics reported a Q3 loss of $15.90 million, translating to a loss of $0.45 per share, which reflects a deterioration in profitability compared to last year's loss of $14.40 million and $0.41 per share.
- Revenue Decrease: The company's revenue for the third quarter fell to $233.70 million, down 2.6% from $239.90 million last year, indicating weakened market demand and increased competition negatively impacting sales.
- Fiscal Year Guidance Revision: Methode revised its FY26 revenue guidance to between $950 million and $1 billion, narrowing from the previous outlook of $900 million to $1 billion, signaling a cautious outlook on future performance.
- Uncertain Market Outlook: Ongoing losses and declining revenues raise investor concerns regarding the company's future profitability and market competitiveness, which may adversely affect its stock performance and market confidence.
See More
Methode Electronics Reports Q3 FY2026 Results with Sales Decline and Strategic Divestitures
- Sales Decline: Methode Electronics reported net sales of $233.7 million for Q3, down 2.6% year-over-year, primarily due to reduced sales volumes in the Automotive and Interface segments, indicating potential challenges in market demand that could hinder future revenue growth.
- Widened Net Loss: The company recorded a net loss of $15.9 million, compared to a loss of $14.4 million in the same quarter last year, reflecting increased operational costs and declining sales volumes, which may negatively impact investor confidence.
- Strategic Asset Sales: Methode finalized the sale of its Harwood Heights facility and closed the sale of its dataMate business for $16 million, actions aimed at simplifying the organizational structure and focusing on core growth areas, which are expected to enhance future financial performance.
- Adjusted EBITDA Guidance Downgrade: The company lowered its fiscal 2026 adjusted EBITDA guidance to a range of $58 to $62 million, reflecting uncertainties in the market environment and challenges from internal transformations, which could affect investor expectations regarding the company's long-term growth prospects.
See More
Methode Electronics Appoints New VP of Global Operations
- Executive Appointment: Methode Electronics has appointed manufacturing veteran Arnie Jensen as Vice President of Global Operations, leveraging his over 25 years of industry experience to enhance global operational excellence, improve manufacturing capabilities, and elevate delivery quality, thereby increasing customer satisfaction and shareholder value.
- Operational Structure Optimization: The management has decided to create a more integrated global operations structure to better capture growth opportunities and meet customer needs, aiming to enhance overall business efficiency and market responsiveness through this strategic adjustment.
- Leadership Background: Jensen joins from Race Winning Brands as President of Automotive and previously served as Vice President of Operations at American Axle, accumulating extensive multinational operational and merger integration experience, which is expected to strengthen Methode's market competitiveness.
- Global Market Expansion: As a leading global supplier of custom-engineered solutions, Methode Electronics is committed to providing innovative products across automotive, industrial, and interface sectors, and Jensen's addition is anticipated to further drive the company's expansion and business growth in global markets.
See More
Methode Electronics Q3 2026 Earnings Call Insights
- Sales Performance Overview: Methode Electronics reported net sales of $233.7 million for Q3, a 3% decline year-over-year primarily due to softness in the North American automotive market, although growth in the industrial power sector provided some support.
- Adjusted EBITDA Decline: Adjusted EBITDA stood at $7.3 million, down $5 million from the previous year, reflecting high costs and customer program delays during the transformation process, which pressured profitability.
- Strong Cash Flow: Despite challenges, Methode generated $10 million in free cash flow for the quarter, with year-to-date free cash flow reaching $16.5 million, demonstrating robust cash management capabilities.
- Outlook Adjustment: The company raised its fiscal 2026 net sales guidance to a range of $950 million to $1 billion, primarily benefiting from favorable foreign currency translation, but lowered adjusted EBITDA guidance to $58 million to $62 million, reflecting delays and higher expenses associated with the transformation.
See More
Methode (MEI) Q3 2026 Earnings Call Transcript
See More
Methode Electronics Q3 Earnings Report Analysis
- Earnings Performance: Methode Electronics reported a Q3 Non-GAAP EPS of -$0.37 with revenue of $233.7 million, reflecting a 2.6% year-over-year decline, indicating pressure in market competition that could undermine investor confidence.
- Guidance Revision: The company revised its fiscal 2026 full-year guidance, now expecting net sales between $950 million and $1 billion, narrowing from the previous outlook of $900 million to $1 billion, which reflects a cautious stance on market demand.
- EBITDA Guidance Downgrade: Methode lowered its fiscal 2026 Adjusted EBITDA guidance to a range of $58 million to $62 million, which may negatively impact the company's profitability and exacerbate market concerns regarding its financial health.
- Business Sale Update: Methode Electronics is selling its dataMate copper transceiver business to Bel Fuse, a move that may allow the company to focus resources on its core operations while potentially affecting its short-term revenue structure.
See More
Methode Electronics Reports Q3 Loss
- Financial Performance Decline: Methode Electronics reported a Q3 loss of $15.90 million, translating to a loss of $0.45 per share, which reflects a deterioration in profitability compared to last year's loss of $14.40 million and $0.41 per share.
- Revenue Decrease: The company's revenue for the third quarter fell to $233.70 million, down 2.6% from $239.90 million last year, indicating weakened market demand and increased competition negatively impacting sales.
- Fiscal Year Guidance Revision: Methode revised its FY26 revenue guidance to between $950 million and $1 billion, narrowing from the previous outlook of $900 million to $1 billion, signaling a cautious outlook on future performance.
- Uncertain Market Outlook: Ongoing losses and declining revenues raise investor concerns regarding the company's future profitability and market competitiveness, which may adversely affect its stock performance and market confidence.
See More
Methode Electronics Reports Q3 FY2026 Results with Sales Decline and Strategic Divestitures
- Sales Decline: Methode Electronics reported net sales of $233.7 million for Q3, down 2.6% year-over-year, primarily due to reduced sales volumes in the Automotive and Interface segments, indicating potential challenges in market demand that could hinder future revenue growth.
- Widened Net Loss: The company recorded a net loss of $15.9 million, compared to a loss of $14.4 million in the same quarter last year, reflecting increased operational costs and declining sales volumes, which may negatively impact investor confidence.
- Strategic Asset Sales: Methode finalized the sale of its Harwood Heights facility and closed the sale of its dataMate business for $16 million, actions aimed at simplifying the organizational structure and focusing on core growth areas, which are expected to enhance future financial performance.
- Adjusted EBITDA Guidance Downgrade: The company lowered its fiscal 2026 adjusted EBITDA guidance to a range of $58 to $62 million, reflecting uncertainties in the market environment and challenges from internal transformations, which could affect investor expectations regarding the company's long-term growth prospects.
See More
