Mayville Engineering Company (MEC) Provides 2020 Financial and Market Outlook
Mayville Engineering Company, Inc. (MEC)
Last mayville engineering company, inc. earnings: 2/26 05:00 pm
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Source: Business Wire
Company Also Confirms 2019 Financial Outlook MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (the “Company” or “MEC”) today announced the company’s financial and market outlook for 2020, and confirmed its financial outlook for the year ended December 31, 2019.2020 Financial Outlook Based on the Company’s internal projections, the overall economic climate, and industry trends, the Company is providing the following financial outlook for 2020:Net sales are expected to be between $425 million and $465 million.Adjusted EBITDA is expected to be between $39 million and $50 million, which excludes stock-based compensation for 2020.In addition, the Company is providing the following commentary:Net debt at December 31st, 2019 was approximately $73 million, a decrease of approximately $14 million from the balance as of September 30, 2019.The Company’s previously stated position that no earnout amount is due to Defiance Metal Products former shareholders has been confirmed
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MEC
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