Methode Electronics, Inc. Reports Fiscal 2024 First Quarter Financial Results
Adjusted income from operations, a non-GAAP financial measure, was $5.3 million, down from $21.8 million in the same quarter of fiscal 2023.
- Adjusted income from operations, a non-GAAP financial measure, was $5.3 million, down from $21.8 million in the same quarter of fiscal 2023.
- Adjusted EBITDA, a non-GAAP financial measure, was $19.3 million, compared to $38.2 million in the same quarter of fiscal 2023.
- Comparing the Interface segment's quarter to the same quarter of fiscal 2023,
Net sales were $15.2 million, up from $13.0 million. - In the first quarter of fiscal 2024, the discontinuation of the Dabir Surfaces, Inc. business (which accounts for all of the segment’s financial results) was announced.