Mayville Engineering Company, Inc. Common Stock (MEC)
15.85
-0.23 (-1.43%)
Mayville Engineering Company is a leading provider of specialized engineering services and manufacturing solutions, primarily focused on the production of metal components and assemblies for various industries, including transportation, military, and industrial markets. The company is known for its expertise in advanced manufacturing techniques, offering a wide range of services such as metal fabrication, welding, and assembly. Mayville Engineering emphasizes innovation and quality, leveraging its extensive capabilities to deliver customized solutions that meet the specific needs of its customers, while also maintaining a commitment to sustainability and efficient operational practices.
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Since July 2024, Mayville Engineering has been in a holding pattern, posting a small loss of 2.7% while floating around $15.72. The stock also fell short of the S&P 500’s 7.3% gain during that period.
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Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSEMEC) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 14.4% year on year to $135.4 million. The company’s full-year revenue guidance of $585 million at the midpoint came in 7.3% below analysts’ estimates. Its non-GAAP profit of $0.21 per share was also 13.9% below analysts’ consensus estimates.
Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSEMEC)
will be reporting earnings tomorrow after the bell. Here’s what to expect.
