Filing Flows › Methode Electronics (MEI) › Q3 FY25
Methode Electronics (MEI) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 5, 2025
Methode Electronics (MEI) reported revenue of $240M for the third quarter fiscal 2025 (Q3 FY25), -8% from a year earlier and -18% from the quarter before. Operating margin was -0.9%, net loss $14.4M (6.0% of revenue).
Methode Electronics, Q3 FY25: revenue $240M (-8% year over year), operating margin -0.9%, net loss $14.4M, operating cash flow $28.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240M | -18% | -8% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$14.4M | — | — |
| Operating cash flow | $28.1M | — | -2% |
| Free cash flow | $19.6M | — | +61% |
What changed
Revenue was $239.9M in Q3 FY25, down 8% year over year and down 18% from the previous quarter. Automotive was the largest line at 48% of revenue. Automotive lost $24.0M year over year (down 17%), 122% of the total change.
Gross margin was 17.2%, up 3.0 points from a year earlier. Operating costs exceeded revenue by $2.2M, an operating margin of -0.9%. Operating expenses grew 9% against a revenue fall of 8%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $14.4M, wider than the previous quarter's $1.6M loss.
Operating cash flow was $28.1M (down 2% year over year). Non-cash charges added back $14.1M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $26.6M. After purchases of property, plant and equipment ($8.5M), free cash flow as the company reports it was $19.6M.
Questions
What was Methode Electronics' revenue in the third quarter fiscal 2025?
Methode Electronics (MEI) reported revenue of $240M for the third quarter fiscal 2025 (Q3 FY25), -8% from a year earlier and -18% from the quarter before.
Was Methode Electronics profitable in the third quarter fiscal 2025?
Operating loss was $2.2M (-0.9% of revenue) and net loss $14.4M.