Mayville Engineering Expects 2024 Net Sales Of $620M-$640M, Est $644.78M
The company sees 2024 Adjusted EBITDA of between $72 million and $76 million, Free Cash Flow of between $35 million to $45 million.
The company sees 2024 Adjusted EBITDA of between $72 million and $76 million, Free Cash Flow of between $35 million to $45 million.
Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
10-Q - Mayville Engineering Company, Inc. (0001766368) (Filer)
8-K - Mayville Engineering Company, Inc. (0001766368) (Filer)
11-K - Mayville Engineering Company, Inc. (0001766368) (Filer)
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.
4 - 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 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 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
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)
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 - 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 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
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
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
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
Robert W. Baird upgraded Mayville Engineering Company from Neutral to Outperform and set a new price target of $15.00 from $7.00 previously