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![PanabeeAI Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1791743470358638592.png) Panabee AI [@PanabeeAI](/creator/twitter/PanabeeAI) on x XX followers
Created: 2025-07-09 21:31:31 UTC

Industrial Growth Powers Methode Electronics Amidst Automotive Collapse and Stricter Debt Terms - $MEI

Summary:

- Automotive segment sales down XX% to $509M; gross profit -XX% to $4.7M (0.9% margin)

- EV demand weakness and program roll-offs drive severe Automotive decline

- Breached debt covenants led to amended credit terms on Jul 7, 2025: revolver cut to $400M from $500M, higher interest rates, spending caps: $2.5M/qtr dividends, $10M cap on new investments

- Industrial segment sales +6% to $487M with strong XXXX% gross margin

- Inventory obsolescence expense nearly doubled to $20.4M

- Remediated material weaknesses in financial controls

- New CEO (Jul 2024) and CFO (Oct 2024) signal leadership reset

- Facing SEC subpoenas, shareholder lawsuits — potential legal risks


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1943060473718673650/c:line.svg)

**Related Topics**
[$500m](/topic/$500m)
[$400m](/topic/$400m)
[$47m](/topic/$47m)
[$509m](/topic/$509m)
[$mei](/topic/$mei)
[debt](/topic/debt)
[electronics](/topic/electronics)
[coins ai](/topic/coins-ai)

[Post Link](https://x.com/PanabeeAI/status/1943060473718673650)