Mayville Engineering Company Inc.

$MEC
Industrial Specialties
Industrials

Mayville Engineering Company, Inc., together with its subsidiaries, operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets in the United States. The company provides a range of prototyping and tooling, production fabrication, coating, assembly and aftermarket components. It also supplies engineered components to original equipment manufacturers. The company was founded in 1945 and is headquartered in Mayville, Wisconsin.

IPO Year: 2019

Exchange: NYSE

Website: mecinc.com

Recent Analyst Ratings for Mayville Engineering Company Inc.

DatePrice TargetRatingAnalyst
11/7/2024$30.00 → $20.00Outperform → Market Perform
Northland Capital
6/9/2023$14.00Outperform → Neutral
Robert W. Baird
5/17/2023$20.00Outperform
Northland Capital
11/3/2022$7.00 → $15.00Neutral → Outperform
Robert W. Baird
1/21/2022$21.00 → $13.00Outperform → Neutral
Robert W. Baird
1/21/2022$21.00 → $13.00Outperform → Neutral
Baird
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Mayville Engineering Company Inc. Press Releases

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  • Mayville Engineering Company Announces Appointment of Craig Nichols as Senior Vice President, Operations and Supply Chain

    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 the appointment of Craig Nichols as Senior Vice President Operations and Supply Chain effective March 10, 2025, reporting directly to President and Chief Executive Officer, Jag Reddy. Mr. Nichols brings to MEC more than three decades of operations, supply chain management, and manufacturing expertise. Throughout his career, Mr. Nichols has successfully led the implementation of continuous improvement initiatives across multi-site global manufacturing organizations. "I am excited to welcome Craig to

    $MEC
    Industrial Specialties
    Industrials
  • Mayville Engineering Company Announces Fourth Quarter and Full-Year 2024 Results

    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 million Net income of $16.0 million, or $0.76 per diluted share; Non-GAAP Adjusted Diluted EPS of ($0.07) Adjusted EBITDA of $9.2 million Adjusted EBITDA margin of 7.6% of net sales Quarterly Free Cash Flow of $35.6 million, including $25.5 million received from the Settlement Agreement (the "Agreement") with the former fitness cust

    $MEC
    Industrial Specialties
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  • Mayville Engineering Company Announces Fourth Quarter and Full Year 2024 Results Conference Call and Webcast Date

    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 that it will issue fourth quarter and full year 2024 results after the market closes on Tuesday, March 4, 2025. A conference call will be held the following day, Wednesday, March 5, 2025, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To lis

    $MEC
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  • Mayville Engineering Company Announces Leadership Transition

    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 that Todd Butz, Chief Financial Officer, intends to leave the Company on June 30, 2025. Following a rigorous internal and external search process, Rachele Lehr, Chief Human Resources Officer, has been named to succeed Mr. Butz as Chief Financial Officer, effective April 22, 2025, following the annual meeting of shareholders. With more than 25 years of cross-functional experience across corporate finance, external reporting, strategic planning, financial planning & analysis, information technology,

    $MEC
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  • Mayville Engineering Company Announces Third Quarter 2024 Results

    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-months ended September 30, 2024. THIRD QUARTER 2024 RESULTS (All comparisons versus the prior-year period) Net sales of $135.4 million, a decrease of 14.4% Net income of $3.0 million, or $0.14 per diluted share, an increase of $1.6 million, or $0.07 per diluted share Non-GAAP Adjusted Diluted EPS of $0.21, flat to the prior-year period Adjusted EBITDA of $17.1 million, a decrease of 11.2% Adjusted EBITDA margin of 12.6%, an increase of 50 bps Free Cash Flow of $15.1

    $MEC
    Industrial Specialties
    Industrials
  • Mayville Engineering Company to Receive $25.5 Million in Settlement Agreement

    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 that it has entered into a formal Settlement Agreement (the "Agreement") that will resolve a previously-disclosed lawsuit with Peloton Interactive, Inc. ("Peloton"). Under the terms of the Agreement, MEC and Peloton have agreed to dismiss the lawsuit and exchange mutual releases, and MEC will receive a gross payment of $25.5 million from Peloton, with no admission of liability by either party. The Agreement was executed as of October 28, 2024. ABOUT MAYVILLE ENGINEERING COMPANY Founded in 1945, MEC

    $MEC
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  • Mayville Engineering Company Announces Third Quarter 2024 Results Conference Call and Webcast Date

    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 that it will issue third quarter 2024 results after the market closes on Tuesday, November 5, 2024. A conference call will be held the following day, Wednesday, November 6, 2024, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To listen to a

    $MEC
    Industrial Specialties
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  • Mayville Engineering Company to Attend D.A. Davidson 23rd Annual Diversified Industrials and Services Conference

    Mayville Engineering Company (NYSE:MEC) (the "Company" or "MEC"), a leading Tier I value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that President and Chief Executive Officer Jag Reddy and Chief Financial Officer Todd Butz will participate in the D.A. Davidson 23rd Annual Diversified Industrials and Services Conference on September 18 - 20, 2024 in Nashville, Tennessee. In conjunction with the conference, MEC executives will be available to participate in one-on-one meetings with investors registered to attend the conference. For more information, please contact your D.A. Davidson representative. ABOUT MAYVILLE ENGINEER

    $MEC
    Industrial Specialties
    Industrials
  • Mayville Engineering Company Announces Second Quarter 2024 Results

    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-months ended June 30, 2024. SECOND QUARTER 2024 RESULTS (All comparisons versus the prior-year period) Net sales of $163.6 million, or +17.7%, including organic growth of 6.9% Net income of $3.8 million, or $0.18 per diluted share, an increase of $2.2 million, or $0.10 per diluted share Non-GAAP Adjusted Diluted EPS of $0.26, an increase of $0.06 Adjusted EBITDA of $19.6 million, an increase of 28.4% Adjusted EBITDA margin of 12.0%, an increase of 100 bps Fr

    $MEC
    Industrial Specialties
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  • Mayville Engineering Company Announces Second Quarter 2024 Results Conference Call and Webcast Date

    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 that it will issue second quarter 2024 results after the market closes on Tuesday, August 6, 2024. A conference call will be held the following day, Wednesday, August 7, 2024, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To listen to a li

    $MEC
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Mayville Engineering Company Inc. Analyst Ratings

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Mayville Engineering Company Inc. Insider Purchases

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Mayville Engineering Company Inc. Insider Trading

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Mayville Engineering Company Inc. SEC Filings

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Mayville Engineering Company Inc. Leadership Updates

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  • Mayville Engineering Company Announces Appointment of Craig Nichols as Senior Vice President, Operations and Supply Chain

    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 the appointment of Craig Nichols as Senior Vice President Operations and Supply Chain effective March 10, 2025, reporting directly to President and Chief Executive Officer, Jag Reddy. Mr. Nichols brings to MEC more than three decades of operations, supply chain management, and manufacturing expertise. Throughout his career, Mr. Nichols has successfully led the implementation of continuous improvement initiatives across multi-site global manufacturing organizations. "I am excited to welcome Craig to

    $MEC
    Industrial Specialties
    Industrials
  • Mayville Engineering Company, Inc. Announces Appointment of Rachele Lehr as Chief Human Resources Officer

    Mayville Engineering Company (NYSE:MEC, the "Company" or "MEC"))), a leading U.S.-based value-added manufacturing partner that provides a full suite of services from concept to production, today announced the appointment of Rachele Lehr as the Chief Human Resources Officer, effective March 13, 2023. Lehr will report directly to President and Chief Executive Officer, Jag Reddy, and will lead the Company's Human Resources strategy, including, talent acquisition, talent development, total rewards, change management, employee engagement, and improvement of the overall HR operating system. Lehr brings to MEC a decade of human resource leadership experience within the machinery and manufacturing

    $MEC
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  • Mayville Engineering Company Announces Appointment of Sean Leuba as Senior Vice President, Corporate Development and General Counsel

    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 the appointment of Sean Leuba as Senior Vice President, Corporate Development and General Counsel effective January 25, 2023 reporting directly to President and Chief Executive Officer, Jag Reddy. Mr. Leuba brings to MEC more than two decades of public-company development, operations and legal expertise within the machinery and manufacturing industries. Throughout his career, Mr. Leuba has been integral in leading corporate development efforts, while utilizing his extensive legal experience. "We are

    $CAT
    $MEC
    Construction/Ag Equipment/Trucks
    Industrials
    Industrial Specialties
  • Mayville Engineering Company, Inc. Announces Appointment of Robert McCormick to Board of Directors

    Mayville Engineering Company (NYSE:MEC) (the "Company" or "MEC"), a leading U.S.-based value-added manufacturing partner that provides a full suite of services from concept to production today announced that the Board of Directors has elected Robert (Bob) McCormick as a new independent director of the company, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221221005548/en/Robert (Bob) McCormick (Photo: Business Wire) "We are pleased that Bob has accepted the invitation to join our Board," said Tim Christen, non-executive Chair of the Board of Directors of Mayville Engineering Company. "He is an experienced

    $MEC
    $PLOW
    Industrial Specialties
    Industrials
    Construction/Ag Equipment/Trucks
  • MEC Announces Appointment of Jag A. Reddy as President & CEO

    Current Independent Director Timothy L. Christen Named Non-Executive Chair Mayville Engineering Company (NYSE:MEC) (the "Company" or "MEC"), a leading U.S.-based value-added manufacturing partner that provides a full suite of design, prototyping, tooling, production fabrication, coatings, assembly, and aftermarket services, today announced the appointment of Jagadeesh (Jag) A. Reddy as President and Chief Executive Officer ("CEO") and as a director of the Company, effective July 19, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220720005175/en/MEC CEO & President, Jag Reddy. (Photo: Business Wire) The Company also appoint

    $MEC
    Industrial Specialties
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  • Mayville Engineering Company, Inc. Announces Appointment of Jennifer Kent to Board of Directors

    MAYVILLE, Wis.--(BUSINESS WIRE)--Mayville Engineering Company, Inc. (NYSE: MEC) (“MEC”) today announced that the Board of Directors has elected Jennifer Kent as a director of the Company. The Company also announced that current director Craig E. Johnson will not seek reelection and will retire from the Board at the end of his current term expiring at the 2021 annual meeting of shareholders. Mr. Johnson has been serving as a director since 2006. “With over 20 years of broad business and leadership experience, including managing multiple functions at a public company, Jennie is an excellent addition to our board as a new independent director,” said Robert D. Kamphuis, Chairman, Presi

    $MEC
    Industrial Specialties
    Industrials

Mayville Engineering Company Inc. Financials

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  • Mayville Engineering Company Announces Fourth Quarter and Full Year 2024 Results Conference Call and Webcast Date

    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 that it will issue fourth quarter and full year 2024 results after the market closes on Tuesday, March 4, 2025. A conference call will be held the following day, Wednesday, March 5, 2025, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To lis

    $MEC
    Industrial Specialties
    Industrials
  • Mayville Engineering Company Announces Third Quarter 2024 Results Conference Call and Webcast Date

    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 that it will issue third quarter 2024 results after the market closes on Tuesday, November 5, 2024. A conference call will be held the following day, Wednesday, November 6, 2024, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To listen to a

    $MEC
    Industrial Specialties
    Industrials
  • Mayville Engineering Company Announces Second Quarter 2024 Results Conference Call and Webcast Date

    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 that it will issue second quarter 2024 results after the market closes on Tuesday, August 6, 2024. A conference call will be held the following day, Wednesday, August 7, 2024, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To listen to a li

    $MEC
    Industrial Specialties
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  • Mayville Engineering Company Announces First Quarter 2024 Results Conference Call and Webcast Date

    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 that it will issue first quarter 2024 results after the market closes on Tuesday, May 7, 2024. A conference call will be held the following day, Wednesday, May 8, 2024, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To listen to a live broa

    $MEC
    Industrial Specialties
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  • Mayville Engineering Company Announces Fourth Quarter and Full Year 2023 Results Conference Call and Webcast Date

    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 that it will issue fourth quarter and full year 2023 results after the market closes on Tuesday, March 5, 2024. A conference call will be held the following day, Wednesday, March 6, 2024, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To li

    $MEC
    Industrial Specialties
    Industrials
  • Mayville Engineering Company Announces Third Quarter 2023 Results Conference Call and Webcast Date

    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 that it will issue third quarter 2023 results after the market closes on Tuesday, October 31, 2023. A conference call will be held the following day, Wednesday, November 1, 2023, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To listen to a

    $MEC
    Industrial Specialties
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  • Mayville Engineering Company Second Quarter 2023 Results Conference Call and Webcast Date

    Mayville Engineering Company, Inc. (NYSE:MEC) (the "Company" or "MEC"), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, today announced that it will issue second quarter 2023 results after the market closes on Tuesday, August 1, 2023. A conference call will be held the following day, Wednesday, August 2, 2023, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To listen t

    $MEC
    Industrial Specialties
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  • Mayville Engineering Company First Quarter 2023 Results Conference Call and Webcast Date

    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 that it will issue first quarter 2023 results after the market closes on Tuesday, May 2, 2023. A conference call will be held the following day, Wednesday, May 3, 2023, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To listen to a live broa

    $MEC
    Industrial Specialties
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  • Mayville Engineering Company Announces Fourth Quarter and Full-Year 2022 Results Conference Call and Webcast Date

    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 that it will issue fourth quarter and full-year 2022 results after the market closes on Tuesday, February 28, 2023. A conference call will be held the following day, Wednesday, March 1, 2023, at 10:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://ir.mecinc.com. To

    $MEC
    Industrial Specialties
    Industrials
  • Mayville Engineering Company Announces Third Quarter 2022 Earnings Release and Conference Call

    Mayville Engineering Company, Inc. ("MEC") today announced that it will release financial results for the third quarter 2022 after market close on Tuesday, November 1, 2022. A conference call will be held on Wednesday, November 2, 2022, at 9:00 a.m. Central Time and will be hosted by Jag Reddy, President and Chief Executive Officer and Todd Butz, Chief Financial Officer. Rand Stille, Chief Operating Officer, and Ryan Raber, EVP of Strategy, Sales and Marketing will also participate in the call. For a live webcast of the conference call, visit www.mecinc.com and click on the link to the live webcast on the investors page. In addition to the earnings release, a presentation will be posted o

    $MEC
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Mayville Engineering Company Inc. Large Ownership Changes

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