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, Inc. (NYSE: MEC) generates a steady flow of news as a U.S.-based, vertically integrated manufacturing partner serving a wide range of OEM and industrial end markets. News coverage for MEC often centers on its financial performance, strategic initiatives and developments across commercial vehicle, construction and access, powersports, data center and critical power, agriculture, military and other industrial markets.
Investors and industry followers can expect regular earnings announcements and related conference call details, where MEC discusses quarterly results, end-market trends and its MBX (MEC Business Excellence) framework. These releases typically include commentary on demand conditions in commercial vehicle, powersports, agriculture, military and other end markets, as well as updates on cost management and capital allocation.
MEC’s news flow also includes strategic transactions and financing updates. For example, the company has reported entering into an amendment to its credit agreement to increase its revolving credit facility and has announced the definitive agreement and subsequent completion of the acquisition of Accu-Fab, LLC, a vertically integrated contract manufacturer serving critical power infrastructure, data center and renewable energy end markets.
Corporate governance and operational updates appear as well, such as the election of new directors to the Board and statements regarding events affecting facilities, including a tornado that caused limited damage at a Mayville, Wisconsin manufacturing site. These items provide additional context on MEC’s leadership, risk management and operational resilience.
For users tracking MEC, this news page offers a centralized view of company-issued press releases and related disclosures, helping readers follow financial results, acquisitions, facility developments and changes in the company’s manufacturing footprint and end-market exposure over time.
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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.
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.
Mayville Engineering Company (NYSE: MEC) reported its financial results for Q4 and FY 2022, highlighting net sales of $128.5 million in Q4, a 13.8% increase year-over-year, and $539.4 million for the full year, marking an 18.6% growth. The company achieved net income of $2.4 million in Q4 and $18.7 million for FY, with diluted earnings per share at $0.12 and $0.91, respectively. Adjusted EBITDA for Q4 was $11.6 million, up 26.2% year-over-year. For 2023, MEC projects net sales between $540 million and $580 million and adjusted EBITDA of $62 million to $71 million.
Mayville Engineering Company (NYSE: MEC) announced it will release its fourth quarter and full-year 2022 results on February 28, 2023, after market close. A conference call will follow on March 1, 2023, at 10:00 a.m. ET, allowing stakeholders to review financial results and recent developments. Participants can access the live call via direct phone lines and an online webcast available on the Company’s Investor Relations website. MEC provides design, prototyping, and manufacturing solutions across diverse markets, operating 20 facilities in seven states to serve sectors such as commercial vehicles, construction, and military.
Mayville Engineering Company (NYSE: MEC) announced the appointment of Sean Leuba as Senior Vice President, Corporate Development and General Counsel, effective January 25, 2023. Mr. Leuba brings over two decades of experience in public-company development and legal expertise from Caterpillar (NYSE: CAT). CEO Jag Reddy expressed confidence that Leuba's leadership will significantly contribute to MEC's growth objectives across various markets. Leuba stated his eagerness to execute the company's long-term growth plan during this transformative period.
Mayville Engineering Company (NYSE: MEC) has elected Robert (Bob) McCormick as a new independent director, effective immediately. McCormick, currently CEO of Douglas Dynamics (NYSE: PLOW), brings over 40 years of executive experience in manufacturing and growth strategies. Tim Christen, Chair of the Board, expressed confidence in McCormick's ability to drive value through his operational and financial expertise. McCormick will also serve on the Audit Committee and is set for reelection at the 2023 annual meeting, joining a Board of eight members, including seven independents.