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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2024 | $30.00 → $20.00 | Outperform → Market Perform | Northland Capital |
| 6/9/2023 | $14.00 | Outperform → Neutral | Robert W. Baird |
| 5/17/2023 | $20.00 | Outperform | Northland Capital |
| 11/3/2022 | $7.00 → $15.00 | Neutral → Outperform | Robert W. Baird |
| 1/21/2022 | $21.00 → $13.00 | Outperform → Neutral | Robert W. Baird |
| 1/21/2022 | $21.00 → $13.00 | Outperform → Neutral | Baird |
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
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
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
10-Q - Mayville Engineering Company, Inc. (0001766368) (Filer)
8-K - Mayville Engineering Company, Inc. (0001766368) (Filer)
10-Q - Mayville Engineering Company, Inc. (0001766368) (Filer)
Northland Capital downgraded Mayville Engineering Company from Outperform to Market Perform and set a new price target of $20.00 from $30.00 previously
Robert W. Baird downgraded Mayville Engineering Company from Outperform to Neutral and set a new price target of $14.00
Northland Capital initiated coverage of Mayville Engineering Company with a rating of Outperform and set a new price target of $20.00
SC 13G/A - Mayville Engineering Company, Inc. (0001766368) (Subject)
SC 13G/A - Mayville Engineering Company, Inc. (0001766368) (Subject)
SC 13G/A - Mayville Engineering Company, Inc. (0001766368) (Subject)
4/A - Mayville Engineering Company, Inc. (0001766368) (Issuer)
4 - Mayville Engineering Company, Inc. (0001766368) (Issuer)
4 - Mayville Engineering Company, Inc. (0001766368) (Issuer)
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
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
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
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
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
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
4/A - Mayville Engineering Company, Inc. (0001766368) (Issuer)
4 - Mayville Engineering Company, Inc. (0001766368) (Issuer)
4 - Mayville Engineering Company, Inc. (0001766368) (Issuer)
Northland Capital Markets analyst Ted Jackson maintains Mayville Engineering (NYSE:MEC) with a Outperform and raises the price target from $20 to $30.
"While the near-term demand outlook remains mixed across our diverse end-markets, MEC continues to outpace the broader market through a combination of continued share gains, value-based pricing and ongoing productivity improvements. With a strong first quarter behind us, we're well positioned to deliver on plan as we move through 2024."
Mayville Engineering (NYSE:MEC) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.18 by 22.22 percent. This is a 29.41 percent increase over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $161.269 million which beat the analyst consensus estimate of $159.347 million by 1.21 percent. This is a 13.06 percent increase over sales of $142.645 million the same period last year.