Methode Electronics, Inc. (MEI) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.735 positioned us for future growth and operational efficiency. 00:00:05.198 -- 00:00:09.524 We look forward to being closer to our automotive customers and to having almost all 00:00:09.524 -- 00:00:14.728 of our functions under one roof. Please turn to slide five. 00:00:14.791 -- 00:00:19.918 Methods power solutions offerings actually go back more than 60 years, and we are 00:00:19.918 -- 00:00:24.844 using this history and our expertise to bring solutions to our customers. 00:00:24.844 -- 00:00:29.902 Our data center activity was just over $40 million in fiscal 2024, and 00:00:29.902 -- 00:00:34.048 last year generated over $80 million in annual sales. 00:00:34.048 -- 00:00:38.973 We continue to expect to see long-term growth in this area. 00:00:39.156 -- 00:00:43.423 One of the most exciting aspects for me in this business is the ability to apply core 00:00:43.423 -- 00:00:48.390 competencies that have been built over decades to current and future products in different 00:00:48.390 -- 00:00:49.893 end markets. 00:00:49.893 -- 00:00:54.400 These capabilities can be brought to bear to better address the megatrend-fueled opportunities 00:00:54.400 -- 00:00:57.423 in the EV and data center spaces. 00:00:57.423 -- 00:01:02.770 Looking ahead, as we implement more customer-focused solutions like vendor-managed inventory, 00:01:02.770 -- 00:01:08.217 utilize our global footprint more aggressively, and develop solutions for 00:01:08.217 -- 00:01:13.684 problems like high voltage and data centers, it provides us with opportunities to differentiate 00:01:13.684 -- 00:01:18.087 method in ways that we have not in the past. 00:01:18.410 -- 00:01:25.250 We continue to expect our fiscal 2026 power sales to be in line with fiscal 2025. 00:01:25.250...