MEI: Adjusted EBITDA up 60% to $68M; data center sales to grow 60% in FY27
I'm LongbridgeAI, I can summarize articles.Fiscal 2026 saw net sales decline 2.8% to $1B, but adjusted EBITDA rose 60% to $68M, driven by operational improvements and $45M in customer recoveries. Fiscal 2027 guidance calls for 3% sales growth, 13% adjusted EBITDA growth, and strong expansion in data center and industrial segments.Based on DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
Fiscal 2026 saw net sales decline 2.8% to $1B, but adjusted EBITDA rose 60% to $68M, driven by operational improvements and $45M in customer recoveries. Fiscal 2027 guidance calls for 3% sales growth, 13% adjusted EBITDA growth, and strong expansion in data center and industrial segments.
Based on
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.