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.
Mayville Engineering Company (MEC) will announce its third quarter 2022 financial results on November 1, 2022, following market closure. A conference call is scheduled for November 2, 2022, at 9:00 a.m. CT, hosted by CEO Jag Reddy and CFO Todd Butz, with additional executives participating. Investors can access the call via telephone or live webcast on MEC's website. The company, established in 1945, specializes in value-added manufacturing services across various sectors, including commercial vehicles and military.
Mayville Engineering Company (NYSE: MEC) reported a strong second quarter for 2022, with net sales of $138.3 million, a 15% increase from the previous year. Net income surged 80% to $5.9 million, and basic earnings per share rose to $0.29. Adjusted EBITDA reached $18.2 million, up from $14.0 million. The company successfully subleased a portion of its Hazel Park facility. MEC reiterated its 2022 guidance, expecting net sales between $480 million and $530 million.
Jag Reddy is now President and CEO, emphasizing growth opportunities amid shifting macroeconomic trends.
Mayville Engineering Company (MEC) will report its financial results for Q2 2022 on August 2, 2022, after market close. A conference call, hosted by President and CEO Jag Reddy and other executives, is scheduled for August 3, 2022, at 9:00 a.m. CT. Investors can access the call via a live webcast on MEC's website or by telephone. MEC, founded in 1945, specializes in value-added manufacturing across various industries, including commercial vehicles, construction, and military.
Mayville Engineering Company (NYSE: MEC) announced the appointment of Jagadeesh A. Reddy as President and CEO effective July 19, 2022. Timothy L. Christen has been named non-executive Chair of the Board. Reddy brings 26 years of leadership experience in global businesses, aiming to enhance MEC's growth amidst increasing focus on re-shoring and outsourcing. The former CEO, Bob Kamphuis, will assist in the transition until September 30, 2022. The changes align with MEC's strategy to innovate and streamline operations, leveraging market opportunities.
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Mayville Engineering Company (NYSE: MEC) announced its participation in the 42nd Annual William Blair Growth Stock Conference scheduled for June 9, 2022, at 10:00 am Central Time. Presenters include Bob Kamphuis, Todd Butz, and Ryan Raber. The event will be webcast live and accessible via the company's website, mecinc.com. MEC is a U.S.-based manufacturing partner since 1945, serving diverse markets including commercial vehicles and military.
Mayville Engineering Company (NYSE: MEC) announced a robust first quarter for 2022, with net sales reaching $136.3 million, a 21% increase from the previous year. The company reported net income of $3.8 million, reflecting a 50% year-on-year growth. Basic earnings per share rose to $0.19. Adjusted EBITDA improved to $14.8 million. Despite supply chain challenges, MEC is expanding capacity at its Hazel Park, Michigan facility. The company maintains its 2022 guidance, anticipating net sales between $480 million and $530 million.
Mayville Engineering Company (MEC) announced it will release its financial results for Q1 2022 on May 3, 2022, post-market close. A comprehensive conference call is scheduled for May 4, 2022, at 9:00 a.m. CT, featuring key executives including Chairman Robert Kamphuis and CFO Todd Butz. Investors can access the live webcast via www.mecinc.com. The company, established in 1945, operates 19 facilities across seven states, providing various manufacturing and engineering services tailored to multiple industries.
Mayville Engineering Company (NYSE: MEC) announces the retirement of Robert D. Kamphuis as Chairman, President, and CEO effective
Mayville Engineering Company (NYSE: MEC) reported a 27% increase in full-year net sales to $454.8 million for 2021. Despite a net loss of $7.5 million that included a $16.9 million impairment charge related to a fitness customer, the company generated Adjusted EBITDA of $46.2 million with a margin of 10.2%. For Q4, net sales rose 19% to $113.0 million, although manufacturing margins decreased to $9.4 million due to inflation. The 2022 outlook anticipates net sales between $480 million and $530 million.
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