Every 10-Q that Mayville Engineering Company, Inc. (MEC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MEC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MEC filings page.
Mayville Engineering Company (MEC) reported higher revenue but weaker profitability for the quarter and six months ended June 30, 2026. Net sales rose to $162,981 (in thousands) for the quarter and $307,761 (in thousands) year‑to‑date, driven by organic growth in Datacenter & Critical Power, Commercial Vehicle and Construction & Access markets, plus the Accu‑Fab acquisition.
MEC posted a quarterly net loss of $2,095 (in thousands) and a six‑month net loss of $10,270 (in thousands), compared with losses of $1,097 and $1,077 (in thousands) a year earlier. Year‑to‑date manufacturing margin percentage declined to 9.3%, pressured by restructuring charges, project launch costs in datacenter programs, higher bonuses and deferred compensation, increased amortization from acquired intangibles, and $1,544 (in thousands) of impairment on exited warehouse leases.
Interest expense more than doubled as average revolver borrowings and rates increased, and free cash flow swung to negative $13,588 (in thousands) due to working‑capital build and elevated capital expenditures to support datacenter growth. Revolver borrowings fell to $125,718 (in thousands), the leverage ratio stood at 2.91 versus a 5.25 covenant maximum, and availability was $108,505 (in thousands), supporting liquidity.
Mayville Engineering Company, Inc. reported first‑quarter 2026 net sales of $144.8 million, up 6.8% year over year, but swung to a net loss of $8.2 million versus breakeven a year earlier. Earnings were pressured by restructuring and impairment charges, higher amortization from the Accu‑Fab acquisition, and significantly higher interest expense on additional borrowings.
Manufacturing margin fell to 7.6% of net sales from 11.3%, reflecting project launch costs in the datacenter & critical power end market and softer demand in commercial vehicles. EBITDA declined to $3.1 million and Adjusted EBITDA to $6.5 million, while free cash flow was negative $6.9 million due to weaker operating cash flow and higher capital expenditures.
The company ended the quarter with $2.1 million in cash and $212.4 million outstanding on its revolving credit facility, resulting in a consolidated leverage ratio of 4.40x, within the amended covenant limit of 5.25x. Management continues to execute a restructuring plan expected to incur total charges of $5.0–$7.0 million to consolidate facilities and optimize its footprint, while investing to support rapid growth in the datacenter & critical power segment.
Mayville Engineering Company (MEC) reported Q3 results showing higher revenue but a net loss. Net sales were $144.3 million versus $135.4 million a year ago, while net loss was $2.7 million (vs. income of $3.0 million). Year to date, net sales were $412.2 million compared with $460.3 million in 2024, and the company posted a nine‑month net loss of $3.8 million.
MEC closed the Accu‑Fab acquisition on July 1 for $141.2 million net consideration, adding $47.6 million of goodwill and $69.2 million of definite‑lived intangibles. Accu‑Fab contributed $21.2 million of net sales since closing, and helped expand the data center & critical power end market to $22.6 million in Q3 (from $4.7 million a year earlier).
Balance sheet and cash flow reflect deal financing: revolver borrowings were $211.9 million (vs. $79.7 million at year‑end), with a total leverage ratio of 3.47x (covenant ≤4.00x) and interest coverage of 6.23x (covenant ≥3.00x). Operating cash flow was $25.2 million for nine months; investing used $148.5 million mainly for the acquisition. MEC also began a restructuring plan on August 5 with expected charges of $5–$7 million; $0.6 million was recorded in Q3.