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 (MEC) provides comprehensive manufacturing solutions across defense, agriculture, and commercial vehicle sectors. This news hub aggregates official press releases, financial disclosures, and strategic updates essential for understanding the company's market position.
Investors and industry professionals will find timely updates on earnings reports, facility expansions, technological innovations, and supply chain developments. Our curated collection ensures access to verified information about MEC's prototyping advancements, production milestones, and industry partnerships.
The repository includes critical updates such as leadership changes, contract awards, operational improvements, and sustainability initiatives. All content maintains strict compliance with financial disclosure standards while emphasizing MEC's core competencies in precision metal fabrication and electro-mechanical assembly.
Bookmark this page for streamlined access to Mayville Engineering's latest developments. Combine our real-time updates with historical context to track the company's progress in solving complex manufacturing challenges across diverse industries.
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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