Mayville Engineering Company Announces First Quarter 2024 Results [Yahoo! Finance]
Mayville Engineering Company, Inc. (MEC)
Last mayville engineering company, inc. earnings: 2/26 05:00 pm
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Source: Yahoo! Finance
design, prototyping and manufacturing solutions serving diverse end markets, today announced results for the three-months ended March 31, 2024. FIRST QUARTER 2024 RESULTS (All comparisons versus the prior-year period) Net sales of $161.3 million, or +13.1% y/y, including organic growth of 3.3% y/y Net income of $3.2 million, or $0.16 per diluted share, an increase of 26% y/y, or $0.04 per diluted share Non-GAAP Adjusted Diluted EPS of $0.22, an increase of $0.05 y/y Adjusted EBITDA of $18.5 million, an increase of 33.8% y/y Adjusted EBITDA margin of 11.5%, an increase of 180 bps y/y Free Cash Flow of $7.9 million, an increase of $16.4 million y/y Ratio of net debt to trailing twelve-month Adjusted EBITDA of slightly below 2.0x as of March 31, 2024 MANAGEMENT COMMENTARY "We demonstrated solid execution on our strategic priorities during the first quarter, culminating in a strong start to the year for our business," stated Jag Reddy, President and Chief Executive Off
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News
- Mayville Engineering Company to Participate in Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Mayville Engineering Company to Participate in Investor ConferencesBusiness Wire
- Should Value Investors Buy Mayville Engineering (MEC) Stock? [Yahoo! Finance]Yahoo! Finance
- Mayville Engineering Company, Inc. (NYSE: MEC) was upgraded by analysts at William Blair to a "strong-buy" rating.MarketBeat
- Mayville Engineering Company to Ring New York Stock Exchange Closing Bell to Celebrate Five Years as a Public Company [Yahoo! Finance]Yahoo! Finance
MEC
Earnings
- 3/5/24 - Beat
MEC
Sec Filings
- 5/8/24 - Form S-3/A
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- MEC's page on the SEC website