The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Luke Junk - Robert W. Baird & Co Inc - Analyst
: Jon, maybe if we could start with the Power business this quarter, just hoping to square current trends that you're seeing right now between
the big drivers there, in terms of EV and data center.
And then, in terms of that full-year expectation, maybe if you could break that out similarly, are you expecting some growth in data center
to be offset by EV? Or are those trending more similarly, would you say?
Question: Luke Junk - Robert W. Baird & Co Inc - Analyst
: Yeah. I appreciate the investment, Jon.
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DECEMBER 04, 2025 / 4:00PM, MEI.N - Q2 2026 Methode Electronics Inc Earnings Call
I was just wondering if we could put a finer point on the 2Q trends. Just, was the Power business similar to what you're expecting for the
full year, in terms of just being relatively flat? Within that, did data center show any growth overall in the second quarter versus 2Q last year?
Question: Luke Junk - Robert W. Baird & Co Inc - Analyst
: Got it. Just in terms of the guidance, reiterating overall sales and EBITDA and the comment that the second half should be stronger, I certainly
appreciate the seasonality in the third quarter, from a top-line standpoint.
Should we think that second-half versus first-half strength primarily through the lens of EBITDA? Just want to clarify that.
Question: Gary Prestopino, CFA - Barrington Research Associates Inc - Analyst
: A couple of housekeeping questions here.
Laura, this was the quarter where it was 12 versus 13 weeks last year. Is that correct?
Question: Gary Prestopino, CFA - Barrington Research Associates Inc - Analyst
:
Question: Gary Prestopino, CFA - Barrington Research Associates Inc - Analyst
: $20 million. That was incrementally added by that one week?
Question: Gary Prestopino, CFA - Barrington Research Associates Inc - Analyst
: Okay. And then, I noticed you didn't report the percentage of your sales to EV and hybrid applications, which you had done in the past. Are
you not reporting that anymore? Can you share that with us?
Question: Gary Prestopino, CFA - Barrington Research Associates Inc - Analyst
: Right. I understand that. I'm just trying to square with what you guys had reported in the past. I'll work through that.
That includes EV and hybrid, right?
Question: Gary Prestopino, CFA - Barrington Research Associates Inc - Analyst
: Okay. And then, in your guidance, the tax expense of $17 million to $21 million, is that all cash taxes, Laura? Could you give us some idea
of what the cash taxes will be?
Question: Gary Prestopino, CFA - Barrington Research Associates Inc - Analyst
: I'll back that out of your range then to get an idea of what cash taxes could be?
Question: Gary Prestopino, CFA - Barrington Research Associates Inc - Analyst
: Okay. All right. And then, Jon, I wanted to talk about your program launches. Like, I went through my reports over the last quarter: 30 program
launches you're anticipating this year. You say you've taken all the hits from the reduction in the EV programs.
So in the back half of the year, number 1 is, how many programs are expected to be launched? Are these programs all dealing with ICE
applications? Give us some idea of where those programs are? Is it all auto? Is it across all of the different segments, like industrial or
whatever?
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DECEMBER 04, 2025 / 4:00PM, MEI.N - Q2 2026 Methode Electronics Inc Earnings Call
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