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Stock impact report

Mayville Engineering (NYSE:MEC) Misses Q4 Revenue Estimates [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
Company (NYSE:MEC) missed Wall Street's revenue expectations in Q4 CY2024, with sales falling 18.4% year on year to $121.3 million. The company's full-year revenue guidance of $575 million at the midpoint came in 4.8% below analysts' estimates. Its non-GAAP loss of $0.07 per share was 13.2% above analysts' consensus estimates. Is now the time to buy Mayville Engineering? Find out in our full research report Mayville Engineering (MEC) Q4 CY2024 Highlights: Revenue: $121.3 million vs analyst estimates of $124.1 million (18.4% year-on-year decline, 2.3% miss) Adjusted EPS: -$0.07 vs analyst estimates of -$0.08 (13.2% beat) Adjusted EBITDA: $9.19 million vs analyst estimates of $9.30 million (7.6% margin, 1.2% miss) Management's revenue guidance for the upcoming financial year 2025 is $575 million at the midpoint, missing analyst estimates by 4.8% and implying -1.1% growth (vs -0.5% in FY2024) EBITDA guidance for the upcoming financial year 2025 is $63 million at the midpoin Show less Read more
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