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.
Mayville Engineering Company, Inc. (NYSE: MEC) generates a steady flow of news as a U.S.-based, vertically integrated manufacturing partner serving a wide range of OEM and industrial end markets. News coverage for MEC often centers on its financial performance, strategic initiatives and developments across commercial vehicle, construction and access, powersports, data center and critical power, agriculture, military and other industrial markets.
Investors and industry followers can expect regular earnings announcements and related conference call details, where MEC discusses quarterly results, end-market trends and its MBX (MEC Business Excellence) framework. These releases typically include commentary on demand conditions in commercial vehicle, powersports, agriculture, military and other end markets, as well as updates on cost management and capital allocation.
MEC’s news flow also includes strategic transactions and financing updates. For example, the company has reported entering into an amendment to its credit agreement to increase its revolving credit facility and has announced the definitive agreement and subsequent completion of the acquisition of Accu-Fab, LLC, a vertically integrated contract manufacturer serving critical power infrastructure, data center and renewable energy end markets.
Corporate governance and operational updates appear as well, such as the election of new directors to the Board and statements regarding events affecting facilities, including a tornado that caused limited damage at a Mayville, Wisconsin manufacturing site. These items provide additional context on MEC’s leadership, risk management and operational resilience.
For users tracking MEC, this news page offers a centralized view of company-issued press releases and related disclosures, helping readers follow financial results, acquisitions, facility developments and changes in the company’s manufacturing footprint and end-market exposure over time.
Mayville Engineering Company (NYSE: MEC), a leading provider of design, prototyping, and manufacturing solutions, has announced its second quarter 2024 results conference call and webcast. The company will release its Q2 2024 results after market close on Tuesday, August 6, 2024. A conference call to discuss the results is scheduled for Wednesday, August 7, 2024, at 10:00 a.m. ET.
Investors can access the webcast and presentation materials through MEC's corporate website. To participate in the live teleconference, US participants can call 1-833-470-1428, while Canadian participants can call 1-833-950-0062, using the access code 300362. A replay of the call will be available until August 21, 2024.
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.
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.
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.
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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