Mayville Engineering Company Inc (N:MEC)
Business Focus: Auto, Truck & Motorcycle Parts
| Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 715 South St MAYVILLE WI 53050-1810 |
| Tel: | 1-615-8446248 |
| Website: | https://www.mecinc.com |
| IR: | See website |
| Key People | ||
| Jagadeesh A. Reddy President, Chief Executive Officer, Director | Todd M. Butz Chief Financial Officer | Rachele M. Lehr Chief Human Resource Officer |
| Ryan F. Raber Executive Vice President - Strategy, Sales and Marketing | Sean P. Leuba Senior Vice President - Corporate Development, General Counsel | |
| Business Overview |
| Mayville Engineering Company, Inc. is a vertically integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. Its customers operate in diverse end markets, such as heavy-and medium-duty commercial vehicles, construction and access equipment, powersports, agriculture, military and other end markets. Its capabilities include metal fabrication, metal stamping, aluminum extrusion and fabrication, tube bending and forming, robotic part forming, robotic welding, resistance welding, five-axis tube and fiber laser cutting and custom coatings, including high heat and chemical agent resistant coating painting, are used in a variety of applications. It serves its customers through 23 strategically located United States facilities, across seven states, with over three million square feet of manufacturing capacity. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Mayville Engineering Company Inc revenues increased 9% to $588.4M. Net income decreased 58% to $7.8M. Revenues reflect Performance structures segment increase of 25% to $136.8M, Fabrication segment increase of 6% to $342.7M. Net income was offset by Interest expense - Balancing value increase from $3.3M to $10.7M (expense), Impairment of long-lived assets and gain decrease from $4.3M (income) to $0K. |
| Employees: | 2,500 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $426.06M as of Dec 31, 2023 |
| Annual revenue (TTM): | $588.42M as of Dec 31, 2023 |
| EBITDA (TTM): | $59.82M as of Dec 31, 2023 |
| Net annual income (TTM): | $7.84M as of Dec 31, 2023 |
| Free cash flow (TTM): | $23.77M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $150.12M as of Dec 31, 2023 |
| Shares outstanding: | 20,364,907 as of Feb 16, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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