Mayville Engineering Company Announces Second Quarter 2026 Results
Key Terms
adjusted ebitda financial
free cash flow financial
diluted eps financial
net debt financial
SECOND QUARTER 2026 RESULTS
(All comparisons versus the prior-year period)
-
Net sales of
$163.0 million 23.2% y/y; organic net sales increased +9.2% y/y -
Net loss of
$2.1 million $0.09 $0.07 -
Adjusted EBITDA of
$13.2 million -
Adjusted EBITDA margin of
8.1% of net sales -
Quarterly Free Cash Flow of
( $6.6) million - Ratio of net debt to trailing twelve-month Adjusted EBITDA of 2.9x1 as of June 30, 2026
-
Secured
$40 million
1 Trailing twelve-month Adjusted EBITDA is calculated per the Company’s current Credit Agreement |
MANAGEMENT COMMENTARY
“Our second quarter results reflect stronger-than-expected order activity within our Commercial Vehicle end market and continued momentum across our Datacenter & Critical Power end market," said Jag Reddy, President and Chief Executive Officer. "Our execution remained strong as we continued to invest in resources and equipment necessary to support the accelerating customer demand. As volumes increased, margins improved through better capacity utilization, though we continued to absorb project launch costs associated with the ramp up of new Datacenter & Critical Power programs. At the same time, we are making selective decisions to prioritize capacity for higher-value, higher-margin programs that support long-term profitable growth."
"During the quarter, we secured approximately
"We also completed a common stock offering during the quarter, generating approximately
PERFORMANCE SUMMARY
Net sales increased by
Manufacturing margin was
Bonuses and deferred compensation expense was
Interest expense was
Net loss for the second quarter of 2026 was
MEC reported Adjusted EBITDA of
Second quarter Adjusted Net Income was
Free cash flow during the second quarter of 2026 was
END MARKET UPDATE
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Three Months Ended |
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June 30, |
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2026 |
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2025 |
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Commercial Vehicle |
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$ |
50,826 |
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$ |
49,134 |
Datacenter & Critical Power |
|
|
29,050 |
|
|
5,039 |
Construction & Access |
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23,135 |
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|
20,173 |
Powersports |
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18,452 |
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19,625 |
Agriculture |
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8,960 |
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9,233 |
Military |
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6,456 |
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8,342 |
Other |
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26,102 |
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20,782 |
Net Sales |
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$ |
162,981 |
|
$ |
132,328 |
Commercial Vehicle
MEC is a Tier 1 supplier to many of the country’s top original equipment manufacturers (OEM) of commercial vehicles providing exhaust & aftertreatment, engine components, cooling, fuel and structural systems for both heavy- and medium-duty commercial vehicles.
Net sales to the Commercial Vehicle end market were
Datacenter & Critical Power
MEC manufactures precision metal enclosures, racks, frames, and sub-assemblies for OEMs that deliver reliable power distribution, backup energy systems, and intelligent power management solutions in mission-critical datacenter and electrical infrastructure environments.
Net sales to the Datacenter & Critical Power end market were
Construction & Access
MEC manufactures components and sub-assemblies for OEMs within the construction & access market including fenders, hoods, supports, frames, platforms, frame structures, doors and tubular products such as exhaust & aftertreatment, engine components, cooling system components, handrails and full electro-mechanical assemblies.
Net sales to the Construction & Access end market were
Powersports
MEC manufactures stampings and complex metal assemblies and coatings for OEMs within the all-terrain vehicles (ATV), side-by-sides, utility task vehicles (UTV), marine propulsion, and motorcycle markets. MEC’s powersports expertise includes axle housings, steering columns, swing arms, fenders, suspension components, ATV/UTV racks, cowl assemblies and vehicle frames.
Net sales to the Powersports end market were
Agriculture
MEC is an integral partner in the supply chain of the world’s leading agriculture OEMs manufacturing components and sub-assemblies including fenders, hoods, supports, frames, platforms, frame structures, doors, and tubular products such as exhaust, engine components, cooling system components, handrails and full electro-mechanical assemblies.
Net sales to the Agriculture end market were
Military
MEC holds the International Traffic in Arms Regulations (ITAR) certification and produces components for
Net sales to the Military end market were
Other
MEC also produces a wide variety of components and assemblies for customers in the industrial equipment & fixtures, consumer tools, mining, forestry, automotive, and medical markets.
Net sales to Other end markets for the second quarter of 2026 were
BALANCE SHEET UPDATE
As of June 30, 2026, MEC had net debt outstanding of
FINANCIAL GUIDANCE
Today, the Company is providing financial guidance for the third quarter of 2026 and updating its full-year financial guidance. All guidance is current as of the time provided and is subject to change.
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Q3 2025 |
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Q3 2026 Forecast |
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(in Millions) |
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Actual |
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Low |
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Mid |
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High |
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Net Sales |
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$ |
144.3 |
|
$ |
160 |
|
$ |
165 |
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$ |
170 |
Adjusted EBITDA |
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$ |
14.1 |
|
$ |
15.5 |
|
$ |
17.0 |
|
$ |
18.5 |
Third quarter 2026 sales guidance reflects continued recovery within the Company’s Commercial Vehicle and Construction & Access end markets, along with the ongoing ramp-up of Datacenter & Critical Power programs. Adjusted EBITDA guidance for the quarter also incorporates the impact of continued launch and outsourcing costs associated with new Datacenter & Critical Power programs. Free cash flow for the third quarter of 2026 is expected to reflect working capital efficiencies and planned capital expenditures of
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FY 2025 |
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FY 2026 Forecast |
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(in Millions) |
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Actual |
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Low |
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Mid |
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High |
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Net Sales |
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$ |
546.5 |
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$ |
620 |
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$ |
635 |
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$ |
650 |
Adjusted EBITDA |
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$ |
47.1 |
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$ |
52 |
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$ |
56 |
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$ |
60 |
Free Cash Flow |
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$ |
26.9 |
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$ |
7 |
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$ |
11 |
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$ |
15 |
The Company’s full-year 2026 guidance assumes a full year of Accu-Fab ownership,
SECOND QUARTER 2026 RESULTS CONFERENCE CALL
The Company will host a conference call on Wednesday, August 5, 2026 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
For a live webcast of the conference call and to access the accompanying investor presentation, please visit www.mecinc.com and click on the link to the live webcast on the Investors page.
For telephone access to the conference, call (833) 461-5787 and please use the Access Code: 936476675.
FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements that reflect plans, estimates and beliefs. Such statements involve risk and uncertainties. Actual results may differ materially from those contemplated by these forward-looking statements as a result of various factors. Important factors that could cause actual results or events to differ materially from those expressed in forward-looking statements include, but are not limited to: macroeconomic conditions, including inflation, elevated interest rates, labor availability, material cost pressures trade policy uncertainty and inconsistent demand, have had, and may continue to have, a negative impact on our business, financial condition, cash flows and results of operations (including future uncertain impacts); risks relating to developments in the industries in which our customers operate; risks related to scheduling production accurately and maximizing efficiency; our ability to realize net sales represented by our awarded business; failure to compete successfully in our markets; our ability to maintain our manufacturing, engineering and technological expertise; the loss of any of our large customers or the loss of their respective market shares; risks related to entering new markets; our ability to recruit and retain our key executive officers, managers and trade-skilled personnel; macroeconomic conditions impacting datacenter & critical power end market demand; volatility in the prices or availability of raw materials critical to our business; manufacturing risks, including delays and technical problems, issues with third-party suppliers, environmental risks and applicable statutory and regulatory requirements; our ability to successfully identify or integrate acquisitions; geopolitical and economic developments, including foreign trade relations and associated tariffs; our ability to develop new and innovative processes and gain customer acceptance of such processes; risks related to our information technology systems and infrastructure; results of legal disputes, including product liability, intellectual property infringement and other claims; risks associated with our capital-intensive industry; risks related to our employee stock ownership plan’s treatment as a tax-qualified retirement plan; our ability to satisfy our current obligations under existing indebtedness and other factors described in “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025, as such may be amended or supplemented in our subsequently filed Quarterly Reports on Form 10-Q. This discussion should be read in conjunction with our audited consolidated financial statements included in the Company’s previously filed Annual Report on Form 10-K for the year ended December 31, 2025. We undertake no obligation to update or revise any forward-looking statements after the date on which any such statement is made, whether as a result of new information, future events or otherwise, except as required by federal securities laws.
ABOUT MAYVILLE ENGINEERING COMPANY
Founded in 1945, MEC is a leading
NON-GAAP FINANCIAL MEASURES
This press release contains financial information calculated in a manner other than in accordance with
The non-GAAP measures used in this press release are EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income (Loss), Adjusted Diluted EPS and Free Cash Flow.
EBITDA represents net income (loss) before interest expense, provision (benefit) for income taxes, depreciation, and amortization. EBITDA Margin represents EBITDA as a percentage of net sales for each period. Adjusted EBITDA represents EBITDA before stock-based compensation expense, loss on extinguishment of debt, CFO transition costs, natural disaster costs, acquisition related costs and restructuring and impairment costs. Adjusted EBITDA Margin represents Adjusted EBITDA as a percentage of net sales for each period. Adjusted Net Income (Loss) and Adjusted Diluted EPS represent net income (loss) before the aforementioned Adjusted EBITDA addback items and acquisition related amortization of intangible assets, which do not reflect our core operating performance. Free Cash Flow represents net cash provided by, or used in, operating activities, less cash flows used in the purchase of property, plant and equipment. We present Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income (Loss), Adjusted Diluted EPS and Free Cash Flow as management uses these measures as key performance indicators, and we believe they are measures frequently used by securities analysts, investors and other parties to evaluate companies in our industry. These metrics are supplemental measures of our operating performance that are neither required by, nor presented in accordance with, GAAP. These measures should not be considered as an alternative to net income (loss) or cash flow provided by, or used in, operating activities, or any other performance measure derived in accordance with GAAP as an indicator of our operating performance. These measures may not be comparable to the similarly named measures reported by other companies and have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP.
Please reference our reconciliation of net income (loss), the most directly comparable measure calculated in accordance with GAAP, to EBITDA, Adjusted EBITDA, Adjusted Net Income (Loss), Adjusted Diluted EPS, Free Cash Flow and the calculation of EBITDA Margin and Adjusted EBITDA Margin included in this press release.
Mayville Engineering Company, Inc. Condensed Consolidated Balance Sheets (in thousands, except share amounts) |
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June 30, |
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December 31, |
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2026 |
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2025 |
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ASSETS |
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Cash and cash equivalents |
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$ |
2,203 |
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$ |
1,502 |
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Receivables, net of allowances for doubtful accounts of |
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77,213 |
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57,551 |
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Inventories, net |
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69,280 |
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59,398 |
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Tooling in progress |
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4,137 |
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4,746 |
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Prepaid expenses and other current assets |
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6,608 |
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|
5,217 |
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Total current assets |
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159,441 |
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|
128,414 |
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Property, plant and equipment, net |
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|
152,859 |
|
|
|
149,996 |
|
Assets held for sale |
|
|
3,082 |
|
|
|
1,402 |
|
Goodwill |
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|
140,452 |
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|
140,246 |
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Intangible assets, net |
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|
105,020 |
|
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|
111,280 |
|
Operating lease assets |
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26,216 |
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|
30,473 |
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Other long-term assets |
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|
1,505 |
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|
1,829 |
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Total assets |
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$ |
588,575 |
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$ |
563,640 |
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
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Accounts payable |
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$ |
64,729 |
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$ |
52,377 |
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Current portion of operating lease obligation |
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6,922 |
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|
6,729 |
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Accrued liabilities: |
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Salaries, wages, and payroll taxes |
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6,837 |
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|
2,753 |
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Bonuses and deferred compensation |
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4,241 |
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|
2,170 |
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Other current liabilities |
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11,130 |
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|
10,740 |
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Total current liabilities |
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93,859 |
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|
74,769 |
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Bank revolving credit notes |
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125,718 |
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202,525 |
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Operating lease obligation, less current maturities |
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22,106 |
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25,572 |
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Deferred compensation, less current portion |
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5,407 |
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5,240 |
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Deferred income tax liability |
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|
6,998 |
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|
11,298 |
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Other long-term liabilities |
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|
9,003 |
|
|
|
3,499 |
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Total liabilities |
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$ |
263,091 |
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$ |
322,903 |
|
Commitments and contingencies |
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Common shares, no par value, 75,000,000 authorized, 27,684,120 shares issued at
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— |
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— |
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Additional paid-in-capital |
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303,794 |
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|
208,777 |
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Retained earnings |
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|
41,706 |
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|
51,976 |
|
Treasury shares at cost, 2,187,334 shares at June 30, 2026 and December 31, 2025 |
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(20,016 |
) |
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(20,016 |
) |
Total shareholders’ equity |
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325,484 |
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|
240,737 |
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Total liabilities and shareholders' equity |
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$ |
588,575 |
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$ |
563,640 |
|
Mayville Engineering Company, Inc. Condensed Consolidated Statements of Net Income (Loss) (in thousands, except share amounts and per share data) |
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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|
2026 |
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2025 |
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|
2026 |
|
|
2025 |
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Net sales |
|
$ |
162,981 |
|
|
$ |
132,328 |
|
|
$ |
307,761 |
|
|
$ |
267,907 |
|
Cost of sales |
|
|
145,284 |
|
|
|
118,704 |
|
|
|
279,107 |
|
|
|
238,755 |
|
Amortization of intangible assets |
|
|
3,140 |
|
|
|
1,733 |
|
|
|
6,270 |
|
|
|
3,466 |
|
Bonuses and deferred compensation |
|
|
4,845 |
|
|
|
1,525 |
|
|
|
9,650 |
|
|
|
4,850 |
|
Other selling, general and administrative expenses |
|
|
9,324 |
|
|
|
10,290 |
|
|
|
18,489 |
|
|
|
19,182 |
|
Impairment of long-lived assets |
|
|
— |
|
|
|
— |
|
|
|
1,544 |
|
|
|
— |
|
Income (loss) from operations |
|
|
388 |
|
|
|
76 |
|
|
|
(7,299 |
) |
|
|
1,654 |
|
Interest expense |
|
|
(3,475 |
) |
|
|
(1,398 |
) |
|
|
(7,137 |
) |
|
|
(2,965 |
) |
Loss on extinguishment of debt |
|
|
— |
|
|
|
— |
|
|
|
(134 |
) |
|
|
— |
|
Income (loss) before taxes |
|
|
(3,087 |
) |
|
|
(1,322 |
) |
|
|
(14,570 |
) |
|
|
(1,311 |
) |
Income tax expense (benefit) |
|
|
(992 |
) |
|
|
(225 |
) |
|
|
(4,300 |
) |
|
|
(234 |
) |
Net income (loss) and comprehensive income (loss) |
|
$ |
(2,095 |
) |
|
$ |
(1,097 |
) |
|
$ |
(10,270 |
) |
|
$ |
(1,077 |
) |
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Earnings (loss) per share: |
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Basic |
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$ |
(0.09 |
) |
|
$ |
(0.05 |
) |
|
$ |
(0.48 |
) |
|
$ |
(0.05 |
) |
Diluted |
|
$ |
(0.09 |
) |
|
$ |
(0.05 |
) |
|
$ |
(0.48 |
) |
|
$ |
(0.05 |
) |
|
|
|
|
|
|
|
|
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Weighted average shares outstanding: |
|
|
|
|
|
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|
|
|
|
|
|
||||
Basic |
|
|
22,767,889 |
|
|
|
20,514,496 |
|
|
|
21,612,917 |
|
|
|
20,517,579 |
|
Diluted |
|
|
22,767,889 |
|
|
|
20,699,151 |
|
|
|
21,612,917 |
|
|
|
20,718,822 |
|
Mayville Engineering Company, Inc. Condensed Consolidated Statements of Cash Flows (in thousands) |
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Six Months Ended |
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|
|
June 30, |
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|
2026 |
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|
2025 |
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CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
||
Net income (loss) |
|
$ |
(10,270 |
) |
|
$ |
(1,077 |
) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
|
|
— |
|
|
Depreciation |
|
|
15,913 |
|
|
|
15,619 |
|
Amortization |
|
|
6,270 |
|
|
|
3,466 |
|
Allowance for doubtful accounts |
|
|
113 |
|
|
|
46 |
|
Inventory excess and obsolescence reserve |
|
|
921 |
|
|
|
(187 |
) |
Stock-based compensation expense |
|
|
2,302 |
|
|
|
2,108 |
|
Loss (Gain) on disposal of property, plant and equipment |
|
|
(4 |
) |
|
|
5 |
|
Impairment of long-lived assets |
|
|
1,544 |
|
|
|
— |
|
Deferred compensation |
|
|
(415 |
) |
|
|
732 |
|
Loss on extinguishment of debt |
|
|
134 |
|
|
|
— |
|
Non-cash lease expense |
|
|
3,141 |
|
|
|
2,644 |
|
Other non-cash adjustments |
|
|
(181 |
) |
|
|
141 |
|
Changes in operating assets and liabilities: |
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|
|
|
|
|
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Accounts receivable |
|
|
(19,775 |
) |
|
|
(1,593 |
) |
Inventories |
|
|
(10,803 |
) |
|
|
996 |
|
Tooling in progress |
|
|
609 |
|
|
|
983 |
|
Prepaids and other current assets |
|
|
(859 |
) |
|
|
(168 |
) |
Accounts payable |
|
|
12,446 |
|
|
|
7,390 |
|
Deferred income taxes |
|
|
(4,300 |
) |
|
|
(1,075 |
) |
Operating lease obligations |
|
|
(3,325 |
) |
|
|
(2,596 |
) |
Accrued liabilities |
|
|
5,215 |
|
|
|
(4,127 |
) |
Net cash provided by (used in) operating activities |
|
|
(1,325 |
) |
|
|
23,307 |
|
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
||
Purchases of property, plant and equipment |
|
|
(12,263 |
) |
|
|
(5,408 |
) |
Proceeds from sale of property, plant and equipment |
|
|
6 |
|
|
|
6 |
|
Net cash used in investing activities |
|
|
(12,257 |
) |
|
|
(5,402 |
) |
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
||
Proceeds from bank revolving credit notes |
|
|
890,101 |
|
|
|
560,363 |
|
Payments on bank revolving credit notes |
|
|
(966,908 |
) |
|
|
(570,808 |
) |
Proceeds from stock offering |
|
|
93,884 |
|
|
|
— |
|
Payments of financing costs |
|
|
(398 |
) |
|
|
(793 |
) |
Shares withheld for employees' taxes |
|
|
(1,169 |
) |
|
|
(1,335 |
) |
Purchase of treasury stock |
|
|
— |
|
|
|
(4,607 |
) |
Payments on finance leases |
|
|
(1,227 |
) |
|
|
(725 |
) |
Net cash provided by (used in) financing activities |
|
|
14,283 |
|
|
|
(17,905 |
) |
Net increase (decrease) in cash and cash equivalents |
|
|
701 |
|
|
|
— |
|
Cash and cash equivalents at beginning of period |
|
|
1,502 |
|
|
|
206 |
|
Cash and cash equivalents at end of period |
|
$ |
2,203 |
|
|
$ |
206 |
|
Mayville Engineering Company, Inc. Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA (in thousands) |
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Three Months Ended |
|
Six Months Ended |
|||||||||||||
|
|
June 30, |
|
June 30, |
|||||||||||||
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
||||
Net income (loss) and comprehensive income (loss) |
|
$ |
(2,095 |
) |
|
$ |
(1,097 |
) |
|
$ |
(10,270 |
) |
|
$ |
(1,077 |
) |
|
Interest expense |
|
|
3,475 |
|
|
|
1,398 |
|
|
|
7,137 |
|
|
|
2,965 |
|
|
Provision (benefit) for income taxes |
|
|
(992 |
) |
|
|
(225 |
) |
|
|
(4,300 |
) |
|
|
(234 |
) |
|
Depreciation and amortization |
|
|
11,234 |
|
|
|
9,603 |
|
|
|
22,184 |
|
|
|
19,086 |
|
|
EBITDA |
|
|
11,622 |
|
|
|
9,679 |
|
|
|
14,751 |
|
|
|
20,740 |
|
|
Stock-based compensation expense |
|
|
1,507 |
|
|
|
1,007 |
|
|
|
2,302 |
|
|
|
2,108 |
|
|
Loss on extinguishment of debt |
|
|
— |
|
|
|
— |
|
|
|
134 |
|
|
|
— |
|
|
CFO transition costs |
|
|
— |
|
|
|
1,148 |
|
|
|
— |
|
|
|
1,148 |
|
|
Natural disaster costs |
|
|
— |
|
|
|
293 |
|
|
|
— |
|
|
|
293 |
|
|
Acquisition related costs |
|
|
— |
|
|
|
1,548 |
|
|
|
— |
|
|
|
2,378 |
|
|
Restructuring and impairment |
|
|
45 |
|
|
|
— |
|
|
|
2,460 |
|
|
|
— |
|
|
Adjusted EBITDA |
|
$ |
13,174 |
|
|
$ |
13,675 |
|
|
$ |
19,647 |
|
|
$ |
26,667 |
|
|
Net sales |
|
$ |
162,981 |
|
|
$ |
132,328 |
|
|
$ |
307,761 |
|
|
$ |
267,907 |
|
|
EBITDA Margin |
|
|
7.1 |
% |
|
7.3 |
% |
|
4.8 |
% |
|
7.7 |
% |
||||
Adjusted EBITDA Margin |
|
|
8.1 |
% |
|
10.3 |
% |
|
6.4 |
% |
|
10.0 |
% |
||||
Mayville Engineering Company, Inc. Reconciliation of Net Income (Loss) and Diluted EPS to Adjusted Net Income and Diluted EPS (in thousands, except share amounts and per share data) |
||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
|
|
Three Months Ended |
|
Six Months Ended |
||||||||||||||||||||||||||||
|
|
June 30, |
|
June 30, |
||||||||||||||||||||||||||||
|
|
2026 |
|
2025 |
|
2026 |
|
2025 |
||||||||||||||||||||||||
|
|
Earnings |
|
Diluted EPS |
|
Earnings |
|
Diluted EPS |
|
Earnings |
|
Diluted EPS |
|
Earnings |
|
Diluted EPS |
||||||||||||||||
Net income (loss) and comprehensive income (loss) |
|
$ |
(2,095 |
) |
|
$ |
(0.09 |
) |
|
$ |
(1,097 |
) |
|
$ |
(0.05 |
) |
|
$ |
(10,270 |
) |
|
$ |
(0.48 |
) |
|
$ |
(1,077 |
) |
|
$ |
(0.05 |
) |
Stock-based compensation expense |
|
|
1,507 |
|
|
|
0.07 |
|
|
|
1,007 |
|
|
|
0.05 |
|
|
|
2,302 |
|
|
|
0.11 |
|
|
|
2,108 |
|
|
|
0.10 |
|
Loss on extinguishment of debt |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
134 |
|
|
|
0.00 |
|
|
|
— |
|
|
|
— |
|
CFO transition costs |
|
|
— |
|
|
|
— |
|
|
|
1,148 |
|
|
|
0.06 |
|
|
|
— |
|
|
|
— |
|
|
|
1,148 |
|
|
|
0.06 |
|
Natural disaster costs |
|
|
— |
|
|
|
— |
|
|
|
293 |
|
|
|
0.01 |
|
|
|
— |
|
|
|
— |
|
|
|
293 |
|
|
|
0.01 |
|
Acquisition related costs |
|
|
— |
|
|
|
— |
|
|
|
1,548 |
|
|
|
0.07 |
|
|
|
— |
|
|
|
— |
|
|
|
2,378 |
|
|
|
0.10 |
|
Restructuring and impairment |
|
|
45 |
|
|
|
0.00 |
|
|
|
— |
|
|
|
— |
|
|
|
2,460 |
|
|
|
0.12 |
|
|
|
— |
|
|
|
— |
|
Acquisition related amortization of intangible assets |
|
|
3,130 |
|
|
|
0.14 |
|
|
|
1,733 |
|
|
|
0.08 |
|
|
|
6,260 |
|
|
|
0.29 |
|
|
|
3,466 |
|
|
|
0.16 |
|
Tax effect of above adjustments |
|
|
(1,002 |
) |
|
|
(0.05 |
) |
|
|
(1,219 |
) |
|
|
(0.06 |
) |
|
|
(2,433 |
) |
|
|
(0.12 |
) |
|
|
(1,781 |
) |
|
|
(0.09 |
) |
Adjusted net income (loss) and comprehensive income (loss) |
|
$ |
1,585 |
|
|
$ |
0.07 |
|
|
$ |
3,413 |
|
|
$ |
0.16 |
|
|
$ |
(1,547 |
) |
|
$ |
(0.08 |
) |
|
$ |
6,535 |
|
|
$ |
0.29 |
|
Mayville Engineering Company, Inc. Reconciliation of Free Cash Flow (in thousands) |
||||||||||||||
|
||||||||||||||
|
|
Three Months Ended |
|
Six Months Ended |
||||||||||
|
|
June 30, |
|
June 30, |
||||||||||
|
|
2026 |
|
|
2025 |
|
2026 |
|
|
2025 |
||||
Net cash provided by (used in) operating activities |
|
$ |
1,431 |
|
|
$ |
14,976 |
|
$ |
(1,325 |
) |
|
$ |
23,307 |
Less: Capital expenditures |
|
|
8,079 |
|
|
|
2,446 |
|
|
12,263 |
|
|
|
5,408 |
Free cash flow |
|
$ |
(6,648 |
) |
|
$ |
12,530 |
|
$ |
(13,588 |
) |
|
$ |
17,899 |
View source version on businesswire.com: https://www.businesswire.com/news/home/20260804273608/en/
INVESTOR CONTACT
Stefan Neely or Brian Hawthorne
(615) 844-6248
MEC@val-adv.com
Source: Mayville Engineering Company