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Methode Electronics MEI Automotive — Restructuring Costs And Asset Impairment Charges
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Where this comes from
Reported directly by Methode Electronics in its filing.
Tagged under the XBRL concept us-gaap:RestructuringCostsAndAssetImpairmentCharges.
The source filing: Methode Electronics’s 10-K, filed June 24, 2026.
- Filed
- Jun 24, 2026, 4:21 PM EDT
- Fiscal year
- FY2026
- Accession
- 0000065270-26-000031
| Line item | Fiscal Year Ended / May 2, 2026 | Fiscal Year Ended / May 3, 2025 | Fiscal Year Ended / April 27, 2024 |
|---|---|---|---|
| (in millions) | (52 Weeks) | (53 Weeks) | (52 Weeks) |
| Automotive | $1.8 | $0.9 | $0.7 |
| Industrial | 0.4 | 0.8 | 0.7 |
| Interface | — | — | 0.1 |
| Medical | — | — | 1.1 |
| Eliminations/Corporate | 2.8 | 1.0 | 1.1 |
| Total | $5.0 | $2.7 | $3.7 |
| Recognized in: |
Item 16. Form 10-K Summary
FAQ
- What is Methode Electronics's automotive — restructuring costs and asset impairment charges?
- Methode Electronics (MEI) reported automotive — restructuring costs and asset impairment charges of $600K in Q1 2026.
- How has Methode Electronics's automotive — restructuring costs and asset impairment charges changed year-over-year?
- Methode Electronics's automotive — restructuring costs and asset impairment charges decreased by 0.0% year-over-year, from $600K to $600K.
- What is the long-term trend for Methode Electronics's automotive — restructuring costs and asset impairment charges?
- Over 3 years (2023 to 2026), Methode Electronics's automotive — restructuring costs and asset impairment charges has grown at a 65.1% compound annual growth rate (CAGR), from $400K to $1.8M.
- What does automotive — restructuring costs and asset impairment charges mean?
- This metric captures the expenses incurred from reorganizing business operations, closing facilities, or writing down the value of assets within the automotive segment. High or recurring charges often signal operational inefficiencies or a strategic pivot in response to changing market conditions. It is a critical indicator for assessing the segment's underlying profitability and management's ability to optimize the cost structure.
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