Mayville Engineering Stock Price, News & Analysis

Mayville Engineering Company (NYSE: MEC), a leading U.S. provider of design, prototyping, and manufacturing solutions, has announced the appointment of Tania Wingfield to its Board of Directors. Wingfield, who currently serves as Executive Vice President and Chief Human Resources Officer at BorgWarner, brings over 30 years of experience in manufacturing, operations, engineering, supply chain, and business transformation.

The appointment, effective immediately, expands MEC's board to seven directors. Wingfield will serve on the Compensation Committee, contributing her strategic leadership and operational expertise to support MEC's MBX strategy and long-term value creation initiatives.

Mayville Engineering Company (NYSE: MEC), a leading value-added provider of design, prototyping and manufacturing solutions, has scheduled its second quarter 2025 earnings release for Tuesday, August 5, 2025, after market close.

The company will host a conference call on Wednesday, August 6, 2025, at 10:00 a.m. ET to discuss the results and conduct a Q&A session. Investors can access the webcast and presentation materials through MEC's investor relations website. The conference call replay will be available through August 20, 2025.

Mayville Engineering Company (NYSE: MEC) has completed its acquisition of Accu-Fab, LLC for a total cash consideration of $140.5 million. The transaction, funded through MEC's existing $350 million credit facility, was finalized on July 1, 2025.

Accu-Fab is a vertically integrated manufacturing partner specializing in technology-driven metal fabrication solutions for large OEMs, offering services including design, engineering, sheet metal fabrication, integration, and specialized finishing. The acquisition strengthens MEC's strategic position by expanding its customer base and facilitating entry into the growing critical power infrastructure and data center markets.

According to CEO Jag Reddy, the acquisition is immediately accretive (excluding transaction costs) and aligns with MEC's MBX value creation strategy. The combined business platform leverages MEC's broader geographic footprint to meet rising demand in these end markets while significantly expanding its serviceable addressable market.

Mayville Engineering Company (NYSE: MEC) has maintained its position as the nation's largest fabricator by The Fabricator Magazine, leading the FAB 40 list for the fifteenth consecutive year. CEO Jag Reddy attributes this achievement to the company's MBX strategy, which focuses on commercial growth through advanced manufacturing capabilities, lightweight material expansion, and strategic acquisitions. The company's commitment to automation, talent development, and sustainable practices positions MEC as a preferred partner for OEMs seeking domestic manufacturing solutions. Executive VP Ryan Raber emphasized their progress in commercial expansion goals and dedication to innovation and quality.

Mayville Engineering Company (NYSE: MEC) has announced a definitive agreement to acquire Accu-Fab, LLC for $140.5 million. The acquisition, expected to close in Q3 2025, will provide MEC strategic diversification into high-growth markets including critical power infrastructure, data centers, and renewable energy. Accu-Fab, a vertically integrated contract manufacturer, operates two facilities in Raleigh, NC and Wheeling, IL, with 200,000 square-feet of manufacturing space. For FY2024, Accu-Fab reported net sales of $61 million and Adjusted EBITDA of $14 million, with a 23% EBITDA margin. The transaction will be funded through cash and existing credit facilities, with an expected pro-forma net debt to Adjusted EBITDA ratio of 3.0x at closing. MEC anticipates Accu-Fab will contribute $28-32 million in net sales and $6-8 million in Adjusted EBITDA for 2025, with potential revenue synergies of $3-5 million and cost synergies of $1 million by 2026.

Mayville Engineering Company (NYSE: MEC) reported that its manufacturing facility in Mayville, Wisconsin was hit by a tornado on May 15, 2025. The company confirmed that all employees are safe with no injuries reported. The facility sustained limited damage, and MEC expects minimal business impact, with operations projected to resume normal activities by early next week.

Mayville Engineering Company (NYSE: MEC) reported Q1 2025 results with net sales of $135.6 million, down 15.9% year-over-year. The company posted GAAP net income of $20,000 and Adjusted Net Income of $1.0 million, with Adjusted EBITDA of $12.2 million (9.0% margin). Free Cash Flow was $5.4 million. Despite softer customer demand and inventory de-stocking, MEC achieved 12% sequential sales growth and margin expansion. The company maintained its FY2025 guidance with projected net sales of $560-590 million and Adjusted EBITDA of $60-66 million. MEC's net debt to trailing twelve-month Adjusted EBITDA ratio stands at 1.4x, with total debt of $80.6 million. During Q1, the company repurchased $1.7 million in common stock and has $17.4 million remaining under its buyback authorization.

Mayville Engineering Company (NYSE: MEC), a leading value-added provider of design, prototyping and manufacturing solutions, has scheduled its first quarter 2025 earnings release for Tuesday, May 6, 2025, after market close.

The company will host a conference call and webcast on Wednesday, May 7, 2025, at 10:00 a.m. ET to discuss financial results and recent events, followed by a Q&A session. Investors can access the webcast and presentation materials through MEC's investor relations website at ir.mecinc.com.

Mayville Engineering Company (NYSE: MEC) has appointed Craig Nichols as Senior Vice President Operations and Supply Chain, effective March 10, 2025. Nichols, who brings over 30 years of operations, supply chain management, and manufacturing expertise, will report directly to President and CEO Jag Reddy.

Throughout his career, Nichols has demonstrated success in implementing continuous improvement initiatives across multi-site global manufacturing organizations. The appointment aligns with MEC's strategic MBX value-creation framework, focusing on optimizing the business for long-term, profitable growth.