STOCK TITAN

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.77%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.27%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.84%
Tags
-
Rhea-AI Summary
Mayville Engineering Company (MEC) has been named the largest domestic metal fabricator in the US for the thirteenth consecutive year by Fabricator Magazine. MEC attributes this achievement to its consistent commercial growth, operational excellence, and ability to drive innovation through customer collaboration. The company is investing in next-generation automation and quality assurance to further optimize its manufacturing base. MEC has allocated over $50 million in the past four years towards profitability-enhancing initiatives, including the launch of a state-of-the-art facility in Hazel Park, Michigan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.57%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
conferences
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.39%
Tags
none
-
Rhea-AI Summary

Mayville Engineering Company (NYSE: MEC) announced it will release its first quarter 2023 results on May 2, 2023, after market hours. A conference call to discuss the financial outcomes will occur the following day, May 3, 2023, at 10:00 a.m. ET. A live webcast will be available on the Company's Investor Relations site. Participants can join the teleconference using specific codes provided for both the United States and Canada. The replay will be available until May 17, 2023.

MEC, established in 1945, is a provider of design, prototyping, and manufacturing services across various markets, including commercial vehicles and military applications, with operations in 20 facilities across seven states.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
Tags
none
Rhea-AI Summary

Mayville Engineering Company (NYSE: MEC) announced the appointment of Rachele Lehr as the Chief Human Resources Officer, effective March 13, 2023. Lehr will oversee the company’s HR strategy, focusing on talent acquisition, development, and engagement. With a decade of experience in the manufacturing sector, her previous role was Senior VP at Briggs & Stratton. CEO Jag Reddy emphasized that her expertise will enhance talent management and drive business transformation. MEC, established in 1945, provides value-added manufacturing services across diverse markets, bolstered by 20 facilities in seven states.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.04%
Tags
management

FAQ

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

The current stock price of Mayville Engineering Company (MEC) is $16.19 as of December 20, 2024.

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

The market cap of Mayville Engineering Company (MEC) is approximately 329.3M.

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

329.28M
12.48M
39.54%
57.93%
1%
Metal Fabrication
Metal Forgings & Stampings
Link
United States of America
MAYVILLE