Mayville Engineering Company Inc

Mayville Engineering Co., Inc. engages in the manufacture of metal components. The firm offers a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in a diverse end markets, including heavy- and medium-duty commercial vehicle, construction, powersports, agriculture, military, and other end markets. The company was founded by Leo Bachhuber and Ted Bachhuber in 1945 and is headquartered in Mayville, WI.

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Mayville Engineering Company Inc posts strong earnings, eyes growth opportunities

MEC's strong financial performance in Q4 2022 and full year 2022, coupled with robust guidance for 2023, showcase the company's growth trajectory. Strategic initiatives like MBX and Hazel Park expansion present opportunities for revenue growth and margin improvement. However, challenges such as ramp-up costs and potential headwinds may impact short-term margins.

Mayville Engineering Company Inc reports revenue growth and operational challenges

MEC's Q1 2023 performance showed revenue growth in key markets, though challenges like supply chain disruptions impacted profitability. The company's focus on operational excellence and growth opportunities through acquisitions and market demand bode well for future prospects. Despite facing challenges, MEC remains committed to driving growth and efficiency.
The earnings call highlighted MEC's revenue growth in commercial vehicles, military, and powersports markets, alongside efforts to address labor constraints and operational improvements. Challenges like supply chain disruptions and fixed costs were acknowledged, with a focus on seizing growth opportunities through acquisitions and market demand.
MEC's Q1 2023 earnings call showcased revenue growth in key markets, operational challenges, and strategic initiatives for future growth. The company's focus on operational excellence, labor management, and diversification through acquisitions positions it for long-term success. Despite facing headwinds, MEC remains optimistic about its growth trajectory.

MEC reports robust Q2 earnings, eyes growth in high-value markets

MEC's Q2 2023 performance reflects strong free cash flow and revenue growth, with a focus on operational efficiency and debt reduction for long-term stability and growth.
While facing challenges like supply chain disruptions and cost pressures, the company is leveraging opportunities in high-value markets and capacity utilization to drive future success.
With a clear strategy in place and upcoming Investor Day, MEC is poised to enhance transparency, engage investors, and capitalize on growth opportunities in the coming quarters.
Overall, MEC's financial outlook remains positive, supported by strategic initiatives, revenue projections, and efforts to strengthen its market position and financial health.

Mayville Engineering Company posts robust Q3 results amid market challenges

MEC's Q3 performance reflects strong growth and strategic initiatives driving future success. While facing market challenges and cost pressures, the company is well-positioned to capitalize on opportunities in emerging markets and sustainable technologies.

Mayville Engineering Company Inc reports resilient Q4 performance and strategic growth outlook for 2024

MEC's Q4 performance showcased resilience and progress despite challenges, with a strong focus on financial health and strategic growth initiatives.
The company's strengths lie in its ability to navigate market headwinds, drive operational improvements, and capitalize on strategic acquisitions.
Challenges from supply chain disruptions and market trends require proactive management, but MEC's opportunities in market segments and cost management present avenues for growth.
Overall, MEC's outlook for 2024 is positive, supported by solid financial guidance, operational enhancements, and a forward-looking approach to industry trends.

Mayville Engineering Company (MEC) excels in Q1 2024 earnings

MEC's Q1 performance reflects strong financial results, operational improvements, and strategic initiatives driving growth and efficiency.
Despite challenges in certain markets, MEC's diversified portfolio, disciplined approach, and focus on opportunities position the company for continued success.
With a clear focus on financial discipline, operational excellence, and market expansion, MEC remains on track to achieve its 2024 financial guidance.

Mayville Engineering Company (MEC) reports strong Q2 performance and strategic growth focus

Mayville Engineering Company (MEC) showcased a solid performance in Q2 2024, positioning itself well for above-market growth despite market uncertainties. With a clear focus on operational excellence and strategic initiatives, MEC aims to drive growth, reduce debt, and enhance shareholder value through targeted acquisitions and capital allocation strategies.

Mayville Engineering Company Inc (MEC) implements cost-saving measures and eyes revenue growth amidst market recovery

MEC's Q3 performance reflects strategic cost-saving initiatives and margin improvement despite sales decline. With revised guidance for 2024, the company aims for revenue growth, margin expansion, and strong free cash flow generation by 2026. Market conditions are showing signs of recovery, and MEC is poised to navigate challenges and capitalize on opportunities.

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Mayville Engineering Co., Inc. engages in the manufacture of metal components. The firm offers a broad range of design, prototyping and tooling, production fabrication, aluminum extrusion, coating, assembly, and aftermarket components. Its customers operate in a diverse end market, including heavy and medium duty commercial vehicles, construction and access equipment, powersports, agriculture, military, and other end markets. The company was founded by Leo Bachhuber and Ted Bachhuber in 1945 and is headquartered in Milwaukee, WI.

MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it will issue fourth quarter and full year 2023 results after the market closes on Tuesday, March 5, 2024. A conference call will be held the following day, Wednesday, March 6, 2024, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and con.

Mayville Engineering Company Announces Fourth Quarter and Full Year 2023 Results Conference Call and Webcast Date

Mayville Engineering Company, Inc. (MEC) Q3 2023 Earnings Call Transcript

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that President and Chief Executive Office Jag Reddy and Chief Financial Officer Todd Butz will participate in the Baird 2023 Global Industrial Conference on Thursday, November 9, 2023. In conjunction with the conference, MEC executives will be available to participate in.

Mayville Engineering Company to Attend Baird 2023 Global Industrial Conference

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced results for the three months ended September 30, 2023. THIRD QUARTER 2023 RESULTS (All comparisons versus the prior-year period) Net sales of $158.2 million, or +16.1% y/y including organic growth of 6.2% y/y Net income of $1.4 million, or $0.07 per diluted share Non-GAAP.

Mayville Engineering Company Announces Third Quarter 2023 Results

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it will issue third quarter 2023 results after the market closes on Tuesday, October 31, 2023. A conference call will be held the following day, Wednesday, November 1, 2023, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct.

Mayville Engineering Company Announces Third Quarter 2023 Results Conference Call and Webcast Date

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Mayville Engineering (MEC) Stock Undervalued Right Now?

The mean of analysts' price targets for Mayville Engineering (MEC) points to a 65.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Does Mayville Engineering (MEC) Have the Potential to Rally 65.47% as Wall Street Analysts Expect?

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, will host an Investor Day at its Hazel Park, Michigan facility today, September 14, 2023, beginning at 9:00 a.m. ET. At the Investor Day event, MEC will provide a progress update on its MEC Business Excellence (MBX) value creation framework, including a focus on targeted commercial growt.

Mayville Engineering Company to Introduce Strategy Update & Multi-Year Financial Targets at 2023 Investor Day

Mayville Engineering Company, Inc. (NYSE:MEC ) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Stefan Neely - Investor Relations Jag Reddy - President and Chief Executive Officer Todd Butz - Chief Financial Officer Conference Call Participants Joe Grabowski - Baird Vlad Bystricky - Citi Ted Jackson - Northland Securities Tim Moore - EF Hutton Operator Hello and welcome to the Mayville Engineering Company's Second Quarter 2023 Earnings Call. My name is Elliot and I will be coordinating your call today.

Mayville Engineering Company, Inc. (MEC) Q2 2023 Earnings Call Transcript

Mayville Engineering (MEC) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.29 per share a year ago.

Mayville Engineering (MEC) Q2 Earnings Top Estimates

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced results for the three months ended June 30, 2023. SECOND QUARTER 2023 RESULTS (All comparisons versus the prior-year period) Net sales of $139.0 million, or +0.5% y/y Net income of $1.6 million, or $0.08 per diluted share Non-GAAP Adjusted Diluted EPS of $0.20 Adjusted EB.

Mayville Engineering Company Announces Second Quarter 2023 Results

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it will host an Investor Day at its Hazel Park, Michigan facility on Thursday September 14, 2023, beginning at 9:00 a.m. Eastern Time. During the event, MEC's senior leadership team will provide an update on its long-term strategy, markets, operations, and key.

Mayville Engineering Company to Host Inaugural Investor Day on September 14, 2023

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it will issue second quarter 2023 results after the market closes on Tuesday, August 1, 2023. A conference call will be held the following day, Wednesday, August 2, 2023, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and cond.

Mayville Engineering Company Second Quarter 2023 Results Conference Call and Webcast Date

Mayville (MEC) acquires the Wisconsin-based, privately held Mid-States Aluminum on Jul 1 for $90 million.

Mayville (MEC) Acquires Mid-States Aluminum, Expands Portfolio

Investors need to pay close attention to Mayville (MEC) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Mayville (MEC) Stock?

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it had completed the acquisition of privately held Mid-States Aluminum (“MSA”) on July 1, 2023. Wisconsin-based MSA is an industry-leading, vertically integrated manufacturer of custom aluminum extrusions and fabrications. MSA offers value-added services that i.

Mayville Engineering Company Completes Acquisition of Mid-States Aluminum

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it has entered into an amended and restated Credit Agreement led by Wells Fargo Bank. Under the terms of the amended and restated Credit Agreement, the total allowable borrowings under MEC's credit facility have increased from $200 million to $250 million. The.

Mayville Engineering Company Announces Upsized $250 Million Credit Facility

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it has been selected to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023, according to a preliminary list of additions posted May 19. FTSE Russe.

Mayville Engineering Company to Join Russell 3000® Index

Mayville (MEC) announces a definitive agreement to acquire Wisconsin-based Mid-States Aluminum Corp. for $96 million.

Mayville (MEC) Set to Acquire Mid-States Aluminum for $96M

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced a definitive agreement to acquire privately held Mid-States Aluminum Corp. (“MSA”) for a total consideration of approximately $96 million, subject to customary adjustments. The proposed acquisition is expected to close during the third quarter 2023, subject to the s.

Mayville Engineering Company Announces Definitive Agreement to Acquire Mid-States Aluminum Corp.

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, today announced that the Company has been named as the nation's largest fabricator by the Fabricator Magazine for the thirteenth consecutive year. “We are honored to be named the #1 domestic fabricator for another consecutive year,” said Jag Reddy, President & CEO. “This recognition.

MEC Named #1 Fabricator in U.S. For 13th Consecutive Year

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that President and Chief Executive Officer Jag Reddy and Chief Financial Officer Todd Butz will be presenting at the 43rd Annual William Blair Growth Stock Conference at the Lowes Chicago Hotel in Chicago on June 7, 2023. A live audio webcast of the presentation will be a.

Mayville Engineering Company to Attend 43rd Annual William Blair Growth Stock Conference

Mayville Engineering Company, Inc. (NYSE:MEC ) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Noel Ryan - Vallum, Investor Relations Jag Reddy - President and CEO Todd Butz - Chief Financial Officer Conference Call Participants Mig Dobre - Baird Larry De Maria - William Blair Tim Moore - EF Hutton Operator Good morning. And a warm welcome to the Mayville Engineering Company First Quarter 2023 Earnings Call.

Mayville Engineering Company, Inc. (MEC) Q1 2023 Earnings Call Transcript

Mayville Engineering (MEC) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.19 per share a year ago.

Mayville Engineering (MEC) Meets Q1 Earnings Estimates

MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced results for the three months ended March 31, 2023. FIRST QUARTER 2023 RESULTS (All comparisons versus the prior-year period) Net sales of $142.6 million, or +4.7% y/y Net income of $2.6 million, ($1.3) million y/y Diluted EPS of $0.12, including a ($0.10) per share impact.

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