Earnings summaries and quarterly performance for Mayville Engineering Company.
Executive leadership at Mayville Engineering Company.
Board of directors at Mayville Engineering Company.
Research analysts who have asked questions during Mayville Engineering Company earnings calls.
EJ
Edward Jackson
Northland Securities, Inc.
5 questions for MEC
Also covers: ALNT, ALTG, AMPX +8 more
Natalia Bak
Citigroup Inc.
3 questions for MEC
Also covers: CSW, CSWI
RS
Ross Sparenblek
William Blair & Company
3 questions for MEC
Also covers: ELAN, EPAC, FSS +9 more
Andy Kaplowitz
Citigroup Inc.
1 question for MEC
Also covers: ACM, APG, ATKR +17 more
Michael Shlisky
D.A. Davidson
1 question for MEC
Also covers: ALG, BLBD, CENN +19 more
MD
Mircea Dobre
Robert W. Baird & Co.
1 question for MEC
Also covers: AGCO, ALG, ASTE +15 more
NB
Natalya Boff
Citigroup Inc.
1 question for MEC
RS
Robert Samuel Karlov
Robert W. Baird & Co.
1 question for MEC
Recent press releases and 8-K filings for MEC.
Mayville Engineering Company Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
MEC
Earnings
Guidance Update
Revenue Acceleration/Inflection
- For Q4 2025, net sales increased 10.7% year-over-year to $134.3 million, while Adjusted Diluted EPS was ($0.08).
- Full-year 2025 net sales were $546.5 million, and Adjusted Diluted EPS was $0.31.
- The company provided full-year 2026 guidance projecting revenue between $580 million and $620 million and Adjusted EBITDA between $50 million and $60 million.
- Growth is primarily driven by strong demand in the Data Center & Critical Power end market, with $40 million to $50 million in projected revenue synergies from Accu-Fab in 2026, partially offsetting softness in legacy markets.
- The net leverage ratio stood at 3.7x as of December 31, 2025, with a target to reduce it to 3.0x or lower by the end of 2026.
9 hours ago
Mayville Engineering Company Announces Q4 and Full-Year 2025 Results, Provides 2026 Guidance
MEC
Earnings
Guidance Update
New Projects/Investments
- Mayville Engineering Company (MEC) reported Q4 2025 net sales of $134.3 million and a net loss of $4.4 million (or ($0.22) per diluted share), with full-year 2025 net sales of $546.5 million and a net loss of $8.1 million (or ($0.40) per diluted share).
- The company provided Q1 2026 net sales guidance of $137 million to $143 million and Adjusted EBITDA guidance of $5 million to $7 million.
- For full-year 2026, MEC forecasts net sales of $580 million to $620 million and Adjusted EBITDA of $50 million to $60 million, with Free Cash Flow guidance of $25 million to $35 million.
- Q4 2025 growth was primarily driven by the Accu-Fab acquisition and accelerating demand in the Data Center & Critical Power end market, which secured $15 million in incremental project awards during the quarter and has an opportunity pipeline exceeding $125 million.
- MEC expects near-term margin pressure due to project launch costs but anticipates year-over-year profitability growth for full-year 2026 as Data Center & Critical Power programs ramp, while prioritizing debt reduction.
9 hours ago
Mayville Engineering Company Announces Q4 and Full-Year 2025 Results
MEC
Earnings
Guidance Update
New Projects/Investments
- Q4 2025 net sales reached $134.3 million, with a net loss of $4.4 million (or ($0.22) per diluted share), and Adjusted EBITDA of $6.3 million. For the full-year 2025, net sales were $546.5 million, resulting in a net loss of $8.1 million (or ($0.40) per diluted share), and Adjusted EBITDA of $47.1 million.
- The company secured $15 million of incremental project awards in the Data Center & Critical Power end market during Q4 2025, strengthening its 2026 orderbook, and expects Accu-Fab cross-selling synergies to generate $40 to $50 million of revenue in 2026, with Data Center & Critical Power representing more than 20% of MEC's 2026 revenue.
- Management anticipates margin pressure to persist in the near-term due to launch-phase dynamics in Data Center & Critical Power and Commercial Vehicle end markets, but projects year-over-year profitability growth for full-year 2026 as programs ramp and volumes scale.
- As of December 31, 2025, Mayville Engineering Company had net debt of $205.3 million, with a net debt to trailing twelve-month Adjusted EBITDA ratio of 3.7x.
9 hours ago
Mayville Engineering Company, Inc. Amends Credit Agreement, Reducing Revolving Credit Commitments
MEC
Debt Issuance
- Mayville Engineering Company, Inc. (MEC) executed a Third Amendment to its Amended and Restated Credit Agreement, effective February 25, 2026.
- The company's Revolving Credit Commitments have been permanently reduced from $350,000,000.00 to an aggregate principal amount of $275,000,000.
- A "Covenant Adjustment Period" commenced on the Third Amendment Effective Date, ending on the earlier of March 31, 2027, or when the Borrower demonstrates compliance with financial covenants.
- During the Covenant Adjustment Period, restrictions include no additional Liens (not already outstanding on the Third Amendment Effective Date) under a specific clause, and Incremental Loans are only permitted after this period concludes.
5 days ago
MEC Reports Q3 2025 Results, Reaffirms Full-Year Guidance, and Highlights Data Center Market Growth
MEC
Earnings
Guidance Update
New Projects/Investments
- For Q3 2025, MEC reported a 6.6% year-over-year increase in total sales to $144.3 million, though organic net sales declined by 9.1%. The adjusted EBITDA margin was 9.8%, and free cash flow was a negative $1.1 million.
- The company reaffirmed its full-year 2025 financial guidance, expecting net sales between $528 million and $562 million, adjusted EBITDA between $49 million and $55 million, and free cash flow between $25 million and $31 million.
- MEC is experiencing significant growth in the data center and critical power market, with a qualified opportunity pipeline exceeding $100 million and $30 million in new project awards secured in Q3 2025. Revenue synergy expectations from the AccuFab acquisition for 2026 have increased to between $20 million and $30 million, with expected gross margins approximately 10 percentage points above the historical average. This market is projected to represent at least 20% of overall sales in 2026.
- Legacy markets continue to face challenges, with commercial vehicle net sales declining 24% year-over-year and agriculture net sales declining 21.8%. MEC's net debt increased to $214.9 million as of September 30, 2025, resulting in a net leverage ratio of 3.5 times, with a target to reach 3 times or lower by 2026.
Nov 5, 2025, 3:00 PM
MEC Reports Q3 2025 Results and Updates on Accu-Fab Integration
MEC
Earnings
Guidance Update
M&A
- Mayville Engineering Company (MEC) reported Q3 2025 total sales increased 6.6% year-over-year to $144.3 million, though organic net sales declined 9.1%.
- The company reaffirmed its full-year 2025 financial guidance, expecting net sales between $528 million and $562 million, adjusted EBITDA between $49 million and $55 million, and free cash flow between $25 million and $31 million.
- Integration of the Accu-Fab acquisition is progressing, with revenue synergy expectations for 2026 increased to between $20 million and $30 million, and the data center and critical power market is expected to represent at least 20% of overall sales in 2026.
- While legacy end markets like commercial vehicle and agriculture continue to face softness, construction and access market revenues increased 10.1% year-over-year in Q3 2025.
- Net debt increased to $214.9 million as of Q3 2025, resulting in a net leverage ratio of 3.5 times, with a target to reduce it to 3 times or lower by the end of 2026.
Nov 5, 2025, 3:00 PM
MEC Announces Q3 2025 Results Amidst Challenging Demand
MEC
Earnings
Guidance Update
M&A
- MEC reported Q3 2025 net sales of $144.3 million, a 6.6% year-over-year increase, primarily driven by the Accu-Fab acquisition, though organic net sales declined 9.1%.
- For Q3 2025, Adjusted Diluted EPS was $0.10 and Adjusted EBITDA was $14.1 million, resulting in an Adjusted EBITDA margin of 9.8%.
- The company maintained its 2025 financial guidance and increased 2026 Accu-Fab revenue synergies to $20 to $30 million, supported by a Data Center & Critical Power pipeline exceeding $100 million.
- The Accu-Fab acquisition contributed $21.2 million to net sales in Q3 2025 and its integration is on track for completion by year-end 2025.
- MEC's net leverage ratio stood at 3.5x as of September 30, 2025.
Nov 5, 2025, 3:00 PM
Mayville Engineering Company Announces Third Quarter 2025 Results
MEC
Earnings
Guidance Update
M&A
- Mayville Engineering Company (MEC) reported net sales of $144.3 million for the third quarter of 2025, an increase of 6.6% year-over-year, primarily due to the Accu-Fab acquisition, though organic net sales decreased by 9.1%.
- The company posted a GAAP net loss of $2.7 million, or ($0.13) per diluted share, for Q3 2025, and Adjusted EBITDA of $14.1 million with a 9.8% margin.
- Free Cash Flow was ($1.1) million in Q3 2025, and the net leverage ratio stood at 3.5x as of September 30, 2025.
- MEC reiterated its full-year 2025 financial guidance and highlighted the Accu-Fab acquisition's expansion into the Data Center & Critical Power market, which is offsetting soft demand in legacy markets.
Nov 4, 2025, 9:30 PM
Mayville Engineering Company Announces Third Quarter 2025 Results
MEC
Earnings
Guidance Update
M&A
- Mayville Engineering Company reported net sales of $144.3 million for the third quarter of 2025, an increase of 6.6% year-over-year, primarily due to the Accu-Fab acquisition, which offset a 9.1% organic net sales decrease.
- The company recorded a GAAP Net loss of $2.7 million, or ($0.13) per diluted share, for the third quarter of 2025.
- Non-GAAP Adjusted Net Income was $2.0 million, or Adjusted Diluted EPS of $0.10, and Adjusted EBITDA was $14.1 million with a 9.8% margin for the quarter.
- Free Cash Flow for the third quarter of 2025 was ($1.1) million, and the net leverage ratio was 3.5x as of September 30, 2025.
- Management reiterated its full-year financial guidance for 2025 and increased expectations for 2026 revenue synergies from the Accu-Fab acquisition to a range of $20 to $30 million.
Nov 4, 2025, 9:15 PM
Mayville Engineering Company Reports Q3 2025 Earnings and Reaffirms Full-Year Guidance
MEC
Earnings
Guidance Update
Demand Weakening
- Mayville Engineering Company (MEC) reported strong third-quarter 2025 earnings, with earnings per share at $0.10 surpassing the consensus of $0.07, and revenues rising 6.6% year-over-year to $144.3 million.
- The company reaffirmed its full-year 2025 revenue guidance at approximately $545 million and projects EBITDA above consensus.
- MEC is strategically shifting focus toward growth sectors like Data Center and Critical Power markets, increasing its 2026 revenue synergy expectations from the Accu-Fab acquisition to a range of $10 million to $15 million.
- Despite revenue growth, operating margins declined to 0% from 4.2% year-over-year, and free cash flow dropped to negative $1.15 million compared to positive $15.07 million, alongside a GAAP net loss and a net leverage ratio of 3.5x as of September 30, 2025.
Nov 4, 2025, 4:02 PM
Quarterly earnings call transcripts for Mayville Engineering Company.
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