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Stock impact report

Mayville Engineering Co Inc (MEC) Reports Solid Q4 and Full-Year 2023 Results Amidst Strategic ... [Yahoo! Finance]

Mayville Engineering Company, Inc. (MEC) 
Last mayville engineering company, inc. earnings: 2/26 05:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Net Income : $2.2 million in Q4 2023, with $0.11 earnings per diluted share. Free Cash Flow : $19.9 million in Q4 2023, a significant improvement from ($0.7) million in the prior year period. Debt Reduction : MEC utilized free cash flow to repay $21.8 million of debt from the MSA acquisition. 2024 Financial Guidance : MEC forecasts mid-to-high single digit organic net sales growth and significant free cash flow generation. Warning! GuruFocus has detected 6 Warning Signs with MEC. On March 5, 2024, Mayville Engineering Co Inc ( NYSE:MEC ) released its 8-K filing , announcing its financial results for the fourth quarter and full year of 2023. MEC, a leading manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components, has shown resilience in a challenging economic environment. The company serves diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersp Show less Read more
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