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27.05.25 - 12:06
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Mayville Engineering Company Announces Definitive Agreement to Acquire Accu-Fab, LLC (Business Wire)
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Acquisition to provide MEC with strategic diversification into high-growth end-markets, including critical power infrastructure, data center and renewable energy
Combined platform adds strategically located facilities and enhances value-added capabilities
Expected to be immediately accretive to Adjusted EBITDA, Adjusted EBITDA margin and Adjusted Earnings Per Share
MEC to host Accu-Fab acquisition conference call and webcast today at 9:00 a.m. Eastern TimeMILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced a definitive agreement to acquire Accu-Fab, LLC (“Accu-Fab”) from strategic holding company Tide Rock for a total consideration of $140.5 million, plus ordinary and customary adjustments. The proposed acquisition is expected to close during the third quarter 2025, subject to the satisfaction of customary closing conditions.
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06.05.25 - 22:39
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Mayville Engineering Company Announces First Quarter 2025 Results (Business Wire)
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MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, today announced results for the three-months ended March 31, 2025.
FIRST QUARTER 2025 RESULTS
(All comparisons versus the prior-year period)
Net sales of $135.6 million
GAAP Net income of $20 thousand and Non-GAAP Adjusted Net Income of $1.0 million
Non-GAAP Adjusted Diluted EPS of $0.04
Adjusted EBITDA of $12.2 million
Adjusted EBITDA margin of 9.0%
Free Cash Flow of $5.4 million
Ratio of net debt to trailing twelve-month Adjusted EBITDA of 1.4x as of March 31, 2025
MANAGEMENT COMMENTARY
"Our strong first quarter results were driven by the team's execution and operational discipline. We delivered 12% sequential sales growth, margin expansion and positive free cash flow, despite softer customer demand amid continued inventory de-stocking," stated Jag Reddy, President and Chief Executi...
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23.04.25 - 22:18
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Mayville Engineering Company Announces First Quarter 2025 Results Conference Call and Webcast Date (Business Wire)
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MILWAUKEE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it will issue first quarter 2025 results after the market closes on Tuesday, May 6, 2025. A conference call will be held the following day, Wednesday, May 7, 2025, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download, and install any necessary audio software.
To participate in the live teleconference:
United States Live:
1-833-470-1428
Canada Live:
1-833-950-0062
Access Code:
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10.03.25 - 21:21
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Mayville Engineering Company Announces Appointment of Craig Nichols as Senior Vice President, Operations and Supply Chain (Business Wire)
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MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced the appointment of Craig Nichols as Senior Vice President Operations and Supply Chain effective March 10, 2025, reporting directly to President and Chief Executive Officer, Jag Reddy.
Mr. Nichols brings to MEC more than three decades of operations, supply chain management, and manufacturing expertise. Throughout his career, Mr. Nichols has successfully led the implementation of continuous improvement initiatives across multi-site global manufacturing organizations.
“I am excited to welcome Craig to the executive leadership team at MEC,” said Jag Reddy, President and CEO. “His extensive experience in leading operations excellence and implementing continuous improvement initiatives across global manufacturing organizations will be an invaluable asset to MEC. This aligns well ...
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04.03.25 - 22:18
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Mayville Engineering Company Announces Fourth Quarter and Full-Year 2024 Results (Business Wire)
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MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, today announced results for the three and twelve-months ended December 31, 2024.
FOURTH QUARTER 2024 RESULTS
(All comparisons versus the prior-year period)
Net sales of $121.3 million
Net income of $16.0 million, or $0.76 per diluted share; Non-GAAP Adjusted Diluted EPS of ($0.07)
Adjusted EBITDA of $9.2 million
Adjusted EBITDA margin of 7.6% of net sales
Quarterly Free Cash Flow of $35.6 million, including $25.5 million received from the Settlement Agreement (the “Agreement”) with the former fitness customer
Ratio of net debt to trailing twelve-month Adjusted EBITDA of 1.3x as of December 31, 2024
Completed Wautoma, WI facility closure resulting in $0.5 million of restructuring expense
FULL-YEAR 2024 RESULTS
(All comparisons versus the prior-year period)
Net sales of $581.6 million, or (1.2...
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19.02.25 - 22:18
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Mayville Engineering Company Announces Fourth Quarter and Full Year 2024 Results Conference Call and Webcast Date (Business Wire)
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MILWAUKEE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it will issue fourth quarter and full year 2024 results after the market closes on Tuesday, March 4, 2025. A conference call will be held the following day, Wednesday, March 5, 2025, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download, and install any necessary audio software.
To participate in the live teleconference:
United States Live:
1-833-470-1428
Canada Live:
1-833-950-0062
Acc...
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