Mayville Engineering Company Named #1 Fabricator in U.S. For 14th Consecutive Year

Rhea-AI Summary

Mayville Engineering Company (NYSE: MEC) has been recognized as the largest fabricator in the U.S. by Fabricator Magazine for the fourteenth consecutive year. MEC's President & CEO Jag Reddy attributed this accolade to the company's emphasis on innovation, operational excellence, and strong customer collaboration. Reddy highlighted MEC's Business Excellence (MBX) journey and its strategic focus on high-growth adjacent markets and lightweight materials fabrication. Ryan Raber, EVP of Strategy, Sales, & Marketing, noted the company's progress toward its 2026 financial goals, emphasizing the impact of recent strategic investments on profitability and competitive differentiation. Raber underscored MEC's commitment to next-generation automation, quality assurance, and comprehensive manufacturing expertise, aiming to ensure long-term value for customers and shareholders.

Positive

• MEC was named the largest fabricator in the U.S. for the fourteenth consecutive year.
• Strong focus on innovation, operational excellence, and customer collaboration.
• Ongoing MEC Business Excellence (MBX) journey highlights strategic execution.
• Strategic investments contribute to progress towards 2026 financial goals.
• Commitment to next-generation automation and quality assurance.
• Presence in high-growth markets and lightweight materials fabrication.

Negative

• The press release does not mention specific financial data or growth figures.
• Potential risks or challenges related to strategic investments are not addressed.

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, has been named as the nation’s largest fabricator by the Fabricator Magazine for the fourteenth consecutive year.

“We are honored to be named the #1 domestic fabricator for the fourteenth consecutive year,” said Jag Reddy, President & CEO. “This recognition reflects our continued focus on innovation, operational excellence, and close collaboration with our customers. We are in the second year of our MEC Business Excellence (MBX) journey, and I am extremely proud of our team’s ongoing commitment to excellence and strategic execution in developing a leading platform capable of serving emerging growth, higher-value adjacent markets, including light-weight materials fabrication, while continuing to leverage our established role as a leading tier-1 supplier to many of the world’s largest industrial OEMs. This dedication positions us well for steady, above-market growth throughout 2024 and the coming years.”

“We are excited to see the progress we are making towards our 2026 financial goals, thanks to our recent strategic growth investments,” stated Ryan Raber, Executive Vice President of Strategy, Sales, & Marketing. “Our strategy is clearly working, and we are thrilled about the growth prospects for the future. The investments in our processes, systems, and technologies are driving our profitability and enhancing our competitive differentiation. Our commitment to next-generation automation, quality assurance, and end-to-end manufacturing expertise positions us to continue creating long-term value for both our customers and shareholders.”

About Mayville Engineering Company

Founded in 1945, MEC is a leading U.S.-based, vertically-integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. Our customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, power sports, agriculture, military and other end markets. Along with process engineering and development services, MEC maintains an extensive manufacturing infrastructure with 23 facilities across seven states. These facilities make it possible to offer conventional and CNC (computer numerical control) stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services. MEC also possesses a broad range of finishing capabilities including shot blasting, e-coating, powder coating, wet spray and military grade chemical agent resistant coating (CARC) painting. For more information, please visit www.mecinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240613725799/en/

MEDIA CONTACT:

Lisa Maloney 414.381.2860

lisa.maloney@mecinc.com

INVESTOR CONTACT:

Stefan Neely or Noel Ryan

(615) 844-6248

MEC@val-adv.com

Source: Mayville Engineering Company

FAQ

What recognition did Mayville Engineering Company receive?

Mayville Engineering Company was named the largest fabricator in the U.S. by Fabricator Magazine for the fourteenth consecutive year.

What factors contributed to MEC's recognition as the largest fabricator?

MEC's recognition was attributed to its focus on innovation, operational excellence, and strong customer collaboration.

What markets is MEC focusing on for future growth?

MEC is focusing on emerging growth markets, including lightweight materials fabrication and high-value adjacent markets.

What strategic initiatives are driving MEC's profitability?

MEC's strategic investments in processes, systems, and technologies, as well as its commitment to next-generation automation and quality assurance, are driving profitability.

How is MEC progressing towards its 2026 financial goals?

According to Ryan Raber, MEC is making good progress towards its 2026 financial goals due to recent strategic growth investments.