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Mayville Engineering - MEC STOCK NEWS

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

About Mayville Engineering

Mayville Engineering Co Inc is a comprehensive manufacturing partner renowned for its complete, vertically integrated suite of production solutions. With a history spanning over 60 years, the company has established itself as a trusted provider in heavy-duty and medium-duty commercial vehicles, construction, power sports, agriculture, military, medical, and communications sectors. Its diverse expertise in engineering, metal fabrication, and mechanical + electro-mechanical assembly positions it as an authoritative resource in the precision engineering industry.

Comprehensive Manufacturing Solutions

The core strength of Mayville Engineering lies in its ability to guide customers through every stage of the manufacturing process. From initial design and prototyping to tooling, fabrication, coating, assembly, and logistical support, the company delivers solutions that are tailored to meet a wide array of market needs. Its services encompass stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, and assembly services, ensuring that complex manufacturing challenges are met with innovative and reliable solutions.

Diverse Service Offerings and Industry Expertise

Mayville Engineering serves multiple end markets with a diversified portfolio that caters to both commercial and specialized sectors. The company’s capabilities extend to:

  • Prototyping and Contract Production: Rapid development and delivery from conceptual designs to functional samples.
  • Metal Fabrication and Assembly: Precision machining and assembly solutions that drive performance for demanding applications.
  • Electro-Mechanical Assembly and Testing: Integrated approaches combining mechanical and electronic aspects, ensuring robust final products.
  • Specialized Coating and Logistical Solutions: Advanced coating processes and end-to-end logistical management that maintain product integrity throughout the supply chain.
  • Tube Bending, Laser Cutting, and Welding: Specialized techniques that support high-precision requirements needed in sectors such as military, agriculture, and commercial vehicles.

Operational Excellence and Market Position

Known for its award-winning operations and employee-owned model, Mayville Engineering demonstrates a unique combination of innovation and reliability. The company’s integrated approach minimizes risk by offering a single-source solution that optimizes both production quality and cost efficiency. By leveraging its extensive production capabilities and deep industry insights, Mayville Engineering positions itself as a strategic partner capable of addressing complex manufacturing challenges faced by modern industries.

Quality, Innovation, and Trust

At its core, Mayville Engineering emphasizes quality management and continual process improvements. Its rigorous validation and testing procedures ensure that each product meets high standards of safety, durability, and performance. The company’s focus on innovation, combined with its history of providing custom solutions that are both precise and resilient, builds a level of trust that is fundamental in competitive market sectors.

Customer-Centric Solutions and Market Outreach

Mayville Engineering's diverse customer base ranges from large military contractors to smaller niche manufacturers in the agricultural and construction industries. This expansive market presence is supported by its agile production platform, allowing the company to respond effectively to changes in market demand and technological advancements without compromising on quality. The company remains committed to exceeding customer expectations by offering tailored solutions that are designed to integrate seamlessly into every stage of the client’s manufacturing process.

Industry Keywords and Strategic Insights

Integrating strategic industry-specific keywords, such as precision engineering, advanced manufacturing, and electro-mechanical assembly, this comprehensive guide encapsulates the nature of Mayville Engineering's operations. Its operational philosophy is underpinned by a commitment to craft solutions that matter to a wide range of sectors while demonstrating an expert understanding of the mechanics, logistics, and technological needs of modern manufacturing. Every project undertaken by the company is a testament to its high level of expertise and the trust it has built across decades of service.

Conclusion

Through its integrated production services, longstanding legacy, and diversified market engagement, Mayville Engineering not only meets the evolving needs of its customers but also exemplifies thorough expertise in manufacturing solutions. Its sophisticated approach to engineering challenges and its broad operational portfolio position it as a significant, dependable player in the global manufacturing landscape. This detailed overview provides investors and industry observers a clear insight into how Mayville Engineering continues to impact multiple markets through its robust and comprehensive service offerings.

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.

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Mayville Engineering Company (NYSE: MEC) announced that its President and CEO, Jag Reddy, and CFO, Todd Butz, will participate in key investor conferences in June 2024.

They will attend the Stifel Cross Sector Insight Conference on June 4th in Boston, the William Blair 44th Annual Growth Stock Conference on June 5th in Chicago, and the Northland Growth Conference on June 25th virtually.

During these events, MEC's management will be available for one-on-one meetings with registered investors.

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Mayville Engineering Company (NYSE: MEC) will ring the NYSE closing bell on May 14, 2024, celebrating its five-year anniversary as a public company. This event precedes MEC's 80th anniversary next year. As a leading provider of design, prototyping, and manufacturing solutions, MEC has achieved significant growth and market leadership. President and CEO Jag Reddy attributed the company's success to the collective efforts of employees, customers, partners, and investors. The event will be broadcasted live on the NYSE website.

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Mayville Engineering Company (NYSE: MEC) reported strong first quarter 2024 results with net sales of $161.3 million (+13.1% y/y), net income of $3.2 million (+26% y/y), Non-GAAP Adjusted Diluted EPS of $0.22 (+$0.05 y/y), and Adjusted EBITDA of $18.5 million (+33.8% y/y). The company showcased solid execution on strategic priorities, generating double-digit sales growth, sustained margin expansion, and robust free cash flow. Despite mixed near-term demand outlook, MEC remains well-positioned for growth and aims to achieve 14%-16% Adjusted EBITDA margin by 2026.

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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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FAQ

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

The current stock price of Mayville Engineering (MEC) is $12.57 as of April 4, 2025.

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

The market cap of Mayville Engineering (MEC) is approximately 254.0M.

What core services does Mayville Engineering provide?

Mayville Engineering offers a full suite of manufacturing solutions, including design, prototyping, tooling, fabrication, aluminum extrusion, coating, assembly, and logistical support, tailored to diverse industry needs.

Which industries does Mayville Engineering serve?

The company serves a wide range of sectors including heavy- and medium-duty commercial vehicles, construction, power sports, agriculture, military, medical, and communications industries.

How does Mayville Engineering address complex manufacturing challenges?

By integrating services such as stamping, shearing, fiber laser cutting, tube bending, welding, and advanced assembly, the company provides comprehensive, customized solutions to meet specialized manufacturing needs.

What sets Mayville Engineering apart in the manufacturing sector?

Its long history, award-winning operations, employee-owned structure, and a broad array of specialized services, including electro-mechanical assembly and rigorous testing, underline its commitment to quality and innovation.

How does the company ensure product quality?

Mayville Engineering employs rigorous validation and testing protocols, integrating quality management systems and continuous process improvements to ensure high standards across all its products.

What are the key competitive advantages of Mayville Engineering?

Key advantages include its integrated manufacturing approach, comprehensive portfolio of services, and its ability to provide custom solutions that cater to both broad and niche market demands.

Does Mayville Engineering support prototyping and contract production?

Yes, the company specializes in rapid prototyping and contract production, offering flexible and innovative solutions from initial concept through to fully operational manufacturing.

How does Mayville Engineering position itself within its competitive landscape?

By maintaining a broad operational portfolio and leveraging advanced manufacturing techniques, Mayville Engineering distinguishes itself through its commitment to quality, precision engineering, and customer-centric solutions.
Mayville Engineering

NYSE:MEC

MEC Rankings

MEC Stock Data

253.96M
14.10M
31.09%
64.06%
1.31%
Metal Fabrication
Metal Forgings & Stampings
Link
United States
MAYVILLE