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Mayville Engineering Company (MEC)
NYSE:MEC
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -1.89%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging fiscal environment with significant revenue and margin declines in 2024 due to weaker demand across core markets. However, the company achieved strong free cash flow and continued debt reduction, alongside new business wins and a committed share repurchase program, indicating resilience and strategic focus on long-term growth.Company Guidance
In the Mayville Engineering Company's fourth quarter 2024 earnings call, significant guidance was provided concerning the company's financial and operational strategies. The company reported an 18% year-over-year revenue decline largely due to softer demand and channel inventory normalization efforts among OEM customers. Despite these challenges, Mayville generated nearly $78 million in free cash flow for the year, boosted by a $25.5 million legal settlement, and repaid over $31 million in debt, lowering the net leverage to 1.3 times adjusted EBITDA. The guidance for 2025 anticipates net sales between $560 million and $590 million, with adjusted EBITDA ranging from $60 million to $66 million, reflecting a gradual recovery expected in the second half of the year. The company also highlighted the potential for demand improvements stemming from new business ventures in less cyclical end markets, and it remains committed to capital allocation strategies, including further debt reduction and share repurchases under their $25 million authorization. Additionally, Mayville plans to capitalize on M&A opportunities within high-growth adjacent markets to drive long-term value creation.Strong Free Cash Flow Generation
In 2024, Mayville Engineering Company generated free cash flow of nearly $78 million, including $25.5 million from a legal settlement. Organic free cash flow more than doubled versus 2023 levels.
Debt Reduction Achievements
During the fourth quarter, the company repaid more than $31 million in debt, reducing net leverage to 1.3 times by year-end, below the targeted range of 1.5 to 2 times.
Share Repurchase Program
In 2024, the company repurchased $5.9 million of common stock with $19 million remaining under the existing $25 million authorization, indicating ongoing commitment to shareholder value.
New Business Wins
In 2024, the company booked over $100 million in new business wins, a 12% increase year-over-year, demonstrating effective market expansion efforts.
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MEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $13.79 | $13.77 | -0.15% |
| Nov 05, 2024 | $21.81 | $17.53 | -19.62% |
| Aug 06, 2024 | $16.75 | $18.51 | +10.51% |
| May 07, 2024 | $13.62 | $15.00 | +10.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mayville Engineering Company (MEC) report earnings?
Mayville Engineering Company (MEC) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Mayville Engineering Company (MEC) earnings time?
Mayville Engineering Company (MEC) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MEC EPS forecast?
MEC EPS forecast for the fiscal quarter 2025 (Q1) is 0.02.
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