Mayville Engineering Company Announces Third Quarter 2024 Results
Mayville Engineering Company, Inc. (MEC)
Last mayville engineering company, inc. earnings: 2/26 05:00 pm
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Source: Business Wire
MILWAUKEE--(BUSINESS WIRE)--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 shareNon-GAAP Adjusted Diluted EPS of $0.21, flat to the prior-year periodAdjusted EBITDA of $17.1 million, a decrease of 11.2%Adjusted EBITDA margin of 12.6%, an increase of 50 bpsFree Cash Flow of $15.1 million, a decrease of $1.0 millionRatio of debt to trailing twelve-month Adjusted EBITDA of 1.6x as of September 30, 2024Announced the permanent closure of the Wautoma, WI facilityMEC received a gross payment of $25.5 million from the former fitness customer in the fourth quarter resolv
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MEC
Earnings
- 11/5/24 - Beat
MEC
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/7/24 - Form 4/A
- MEC's page on the SEC website