MEC
Mayville Engineering Company, Inc.18.25
-0.37-1.99%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
370.81MP/E (TTM)
31.47Basic EPS (TTM)
0.58Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
Mayville Engineering's Q2 FY2025 net sales fell 19.1% y/y to $132.3M, driven by softer demand in commercial vehicles and powersports, though military aftermarket volumes rose; manufacturing margins contracted to 10.3% from 13.6% amid fixed cost pressures, yielding just $76 in operating income versus $8.2M last year. Diluted EPS swung to a $0.05 loss from $0.18 profit, consistent with 20.7M weighted shares. Free cash flow for the half-year held at $17.9M, down 33.8% y/y, with $206K cash and $280.7M revolver availability supporting the July 1 Accu-Fab buy for $140.5M in cash. Debt eased to $69.3M at 5.66%, well under 3.5x leverage covenants. Yet customer de-stocking lingers. Volatility in raw material prices remains a key risk.
8-K
Q2 sales drop, Accu-Fab acquired
Mayville Engineering Company reported Q2 2025 net sales of $132.3 million, down 19.1% year-over-year amid soft demand in commercial vehicle, powersports, and agriculture markets, yet Adjusted EBITDA held at $13.7 million with a 10.3% margin through cost controls. The company completed its Accu-Fab acquisition on July 1, 2025, to diversify into critical power infrastructure, while updating full-year guidance to $528-562 million in sales and $49-55 million in Adjusted EBITDA. Demand uncertainty persists into year-end.
8-K
Wingfield joins MEC board
Mayville Engineering Company elected Tania L. Wingfield to its Board of Directors as a Class III member on July 24, 2025, effective immediately, expanding the board to seven. Wingfield, BorgWarner's Executive Vice President and Chief Human Resources Officer, brings over 30 years in manufacturing, operations, engineering, and supply chain. Her expertise will bolster MEC's MBX strategy execution. She joins the Compensation Committee.
8-K
MEC acquires Accu-Fab for $140.5M
Mayville Engineering Company completed its acquisition of Accu-Fab, LLC on July 1, 2025, for $140.5 million in cash, funded via its $350 million credit facility. This move broadens MEC's customer base in critical power infrastructure, data centers, and renewable energy markets, accelerating entry into high-growth sectors. The deal is immediately accretive, excluding costs. Integration risks loom amid macroeconomic pressures.
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