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 reports developments tied to its role as a U.S.-based provider of design, prototyping and manufacturing solutions for industrial end markets. Company updates commonly cover quarterly operating results, project awards, customer demand and production activity across Data Center & Critical Power, commercial vehicle, construction and access, powersports, agriculture, military and other markets.
Recurring news themes include the integration of the completed Accu-Fab acquisition, manufacturing footprint and cost actions, capital allocation priorities such as debt reduction and equipment investment, and governance updates involving the board of directors.
Mayville Engineering Company (NYSE: MEC) reported Q2 2025 results with net sales of $132.3 million, down 19.1% year-over-year. The company posted a GAAP net loss of $1.1 million (($0.05) per share) and Adjusted EBITDA of $13.7 million with a 10.3% margin.
MEC faced challenging customer demand across most end markets, particularly in Commercial Vehicle (-20.9%), Powersports (-35.2%), and Agriculture (-36.9%). The company completed the Accu-Fab acquisition post-quarter and updated its FY2025 guidance to $528-562 million in net sales and $49-55 million in Adjusted EBITDA.
The company maintains a strong balance sheet with $72.0 million in debt and a net debt to trailing twelve-month Adjusted EBITDA ratio of 1.4x. Due to market uncertainty, MEC withdrew its 2026 financial targets.
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) 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), 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.