Mayville Engineering Company Announces Fourth Quarter and Full-Year 2023 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 and twelve-months ended December 31, 2023. FOURTH QUARTER 2023 RESULTS (All comparisons versus the prior-year period) Net sales of $148.6 million, or +15.6% y/y, including organic growth of 6.1% y/y Net income of $2.2 million, or $0.11 per diluted share; Non-GAAP Adjusted Diluted EPS of $0.21 Adjusted EBITDA of $17.7 million, including a $1.3 million negative impact from the ramp-up of production at the Hazel Park facility Adjusted EBITDA margin of 11.9% of net sales, including an 85-basis point negative impact from the ramp-up of production at the Hazel Park facility Estimated $5.0 million impact to net sales and a $1.6 million impact to Adjusted EBITDA related to United Auto Workers ("UAW") labor strikes at select customers Record quarterly Free Cash Flow of $19.9 million, an increase of $20.6 million y/y Ratio of net debt to trailing twelve-month Adju
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News
- Mayville Engineering Company Announces First Quarter 2024 Results Conference Call and Webcast DateBusiness Wire
- This Mayville Engineering Company Insider Increased Their Holding By 36% Last Year [Yahoo! Finance]Yahoo! Finance
- Mayville Engineering Company, Inc. (NYSE: MEC) had its price target raised by analysts at Citigroup Inc. from $17.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Metal Fabricators Earn FMA/CNA Awards for Safety Achievements [Yahoo! Finance]Yahoo! Finance
- Owning 47% shares,institutional owners seem interested in Mayville Engineering Company, Inc. (NYSE:MEC), [Yahoo! Finance]Yahoo! Finance
MEC
Earnings
- 3/5/24 - Beat
MEC
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- MEC's page on the SEC website