Mayville Engineering Company Announces Fourth Quarter and Full-Year 2024 Results
Mayville Engineering Company, Inc. (MEC)
Last mayville engineering company, inc. earnings: 2/26 05:00 pm
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Source: Business Wire
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 millionNet income of $16.0 million, or $0.76 per diluted share; Non-GAAP Adjusted Diluted EPS of ($0.07)Adjusted EBITDA of $9.2 millionAdjusted EBITDA margin of 7.6% of net salesQuarterly Free Cash Flow of $35.6 million, including $25.5 million received from the Settlement Agreement (the “Agreement”) with the former fitness customerRatio of net debt to trailing twelve-month Adjusted EBITDA of 1.3x as of December 31, 2024Completed Wautoma, WI facility closure resulting in $0.5 million of restructuring expenseFULL-YEAR 2024 RESULTS(All comparisons versus the prior-year period)Net sales of $581.6 million, or (1.
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News
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MEC
Earnings
- 11/4/25 - Beat
MEC
Sec Filings
- 12/15/25 - Form 4
- 11/26/25 - Form 4
- 11/7/25 - Form 4
- MEC's page on the SEC website