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Mayville Engineering Company, Inc. - MEC STOCK NEWS

Welcome to our dedicated page for Mayville Engineering Company news (Ticker: MEC), a resource for investors and traders seeking the latest updates and insights on Mayville Engineering Company stock.

Mayville Engineering Company, Inc. (MEC) is a distinguished, employee-owned organization with a rich history spanning over 60 years. Recognized for its excellence and leadership in the manufacturing and fabricating industry, MEC caters to a wide array of sectors including military, agriculture, commercial vehicles, construction, recreational vehicles, medical, and communications.

As a comprehensive manufacturing partner, MEC offers a versatile range of services. These include prototyping, contract production, metal fabrication, mechanical and electro-mechanical assembly, validation and testing, coating, logistical solutions, tube bending and forming, laser cutting, and welding. This broad suite of services allows MEC to meet and exceed the diverse needs of its customers across various end markets.

MEC's latest initiatives and projects demonstrate its commitment to innovation and customer satisfaction. The company has recently expanded its capabilities in fiber laser cutting, stamping, shearing, forming, drilling, tapping, grinding, and machining. Moreover, MEC's services extend to thorough assembly and efficient logistic services, ensuring a seamless supply chain for their clients.

The company's financial health remains robust, underpinned by strategic partnerships and a solid customer base. MEC's dedication to quality and precision is reflected in its state-of-the-art facilities and advanced manufacturing technologies. This commitment has earned the company numerous awards and a reputation for reliability and excellence in the industry.

With a focus on continuous improvement and technological advancement, Mayville Engineering Company, Inc. remains a pivotal player in the manufacturing sector, consistently delivering high-value solutions to its global clientele.

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Mayville Engineering Company (NYSE: MEC) announces the first quarter 2024 results conference call and webcast date for May 8, 2024. The company will issue results on May 7, 2024, after the market closes. The conference call will discuss financial results, recent events, and include a Q&A session. A webcast and presentation materials will be available on the Investor Relations section of the company's website. To participate, visit the site early to register and download necessary software. Replay options will also be available.
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Mayville Engineering Company (MEC) reported strong financial results for the fourth quarter and full-year 2023, showcasing growth in net sales, net income, and adjusted EBITDA. The company also provided optimistic financial guidance for 2024, expecting continued growth and profitability. Management highlighted strategic initiatives to drive operational and commercial excellence, expansion into high-growth markets, and human resource optimization.
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Mayville Engineering Company (MEC) will release its Q4 and full year 2023 results on March 5, 2024, followed by a conference call on March 6, 2024, to discuss financial performance and recent events. Investors can access the webcast and presentation materials on the company's Investor Relations website.
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Mayville Engineering Company (NYSE: MEC) announced that its President and CEO, Jag Reddy, and CFO, Todd Butz, will participate in the Baird 2023 Global Industrial Conference on November 9, 2023. MEC executives will be available for one-on-one meetings with registered investors.
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Mayville Engineering Company (NYSE: MEC) announced its Q3 2023 results, reporting net sales of $158.2 million, a 16.1% YoY increase, and net income of $1.4 million, or $0.07 per diluted share. Adjusted EBITDA was $19.2 million, with an Adjusted EBITDA margin of 12.1%. The company also achieved record quarterly Free Cash Flow of $16.1 million. MEC's management commented on the strong performance and introduced three-year performance targets that aim to deliver between $105 to $135 million of annual Adjusted EBITDA and $65 to $75 million of annual free cash flow generation by year-end 2026. Debt reduction and share repurchase are the company's top near-term priorities.
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Mayville Engineering Company to release third quarter 2023 results and hold conference call
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Mayville Engineering Company (MEC) will host an Investor Day to provide a progress update on its value creation framework and introduce new three-year performance targets. MEC aims for net sales growth of $170 to $240 million between 2023 and 2026, 14% to 16% Adjusted EBITDA margin expansion, and approximately $200 million in free cash flow generation. They also reiterate their full-year 2023 financial guidance and introduce full-year 2026 financial targets.
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Mayville Engineering Company, Inc. (NYSE: MEC) will host an Investor Day on September 14, 2023, at its Hazel Park, Michigan facility. The event will provide updates on the company's long-term strategy, markets, operations, and growth opportunities. Both in-person and virtual attendees must register at https://app.webinar.net/P7MnEVo9kxV. A live webcast and accompanying materials will be available on the Investor Relations section of the MEC corporate website at https://ir.mecinc.com.
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FAQ

What is the current stock price of Mayville Engineering Company (MEC)?

The current stock price of Mayville Engineering Company (MEC) is $16.32 as of November 20, 2024.

What is the market cap of Mayville Engineering Company (MEC)?

The market cap of Mayville Engineering Company (MEC) is approximately 339.0M.

What industries does Mayville Engineering Company, Inc. serve?

MEC serves a variety of industries including military, agriculture, commercial vehicles, construction, recreational vehicles, medical, and communications.

What services does MEC provide?

MEC offers services such as prototyping, contract production, metal fabrication, mechanical and electro-mechanical assembly, coating, and logistical solutions.

How long has MEC been in operation?

MEC has been serving its clients for over 60 years.

Is MEC an employee-owned company?

Yes, Mayville Engineering Company, Inc. is an employee-owned organization.

What recent advancements has MEC made?

MEC has recently expanded its capabilities in fiber laser cutting, stamping, shearing, forming, drilling, tapping, grinding, and machining.

What markets does MEC's customer base include?

MEC caters to customers in heavy- and medium-duty commercial vehicles, construction, power sports, agriculture, military, and other markets.

What distinguishes MEC from other manufacturing companies?

MEC is distinguished by its comprehensive range of advanced manufacturing services, employee ownership, and long-standing reputation for excellence and innovation.

Does MEC engage in partnerships?

Yes, MEC maintains strategic partnerships that contribute to its robust financial health and operational success.

What is MEC's commitment to quality?

MEC is committed to quality and precision, utilizing state-of-the-art facilities and advanced manufacturing technologies to deliver reliable and high-value solutions.

Where can I find the latest news about MEC?

The latest news and updates about MEC can be found on their official website and trusted stock market websites like StockTitan.

Mayville Engineering Company, Inc.

NYSE:MEC

MEC Rankings

MEC Stock Data

338.98M
12.48M
39.54%
57.88%
0.58%
Metal Fabrication
Metal Forgings & Stampings
Link
United States of America
MAYVILLE