Mayville Engineering Company ( (MEC) ) has released its Q2 earnings. Here is a breakdown of the information Mayville Engineering Company presented to its investors.
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Mayville Engineering Company (MEC) is a U.S.-based, vertically-integrated manufacturing partner offering a comprehensive range of solutions from design to production, serving diverse markets such as commercial vehicles, construction, powersports, agriculture, and military. In its second quarter of 2025, MEC reported net sales of $132.3 million, with a GAAP net loss of $1.1 million, while achieving a non-GAAP adjusted net income of $2.1 million. The company generated an adjusted EBITDA of $13.7 million, reflecting a margin of 10.3%, and free cash flow of $12.5 million, despite facing a challenging demand environment across most end markets. Key financial metrics showed a decrease in net sales by 19.1% year-over-year, primarily due to reduced demand and inventory de-stocking in key markets such as commercial vehicles and powersports. However, the military and other markets saw increased sales due to higher aftermarket demand and new customer projects. MEC’s strategic initiatives included the acquisition of Accu-Fab, aimed at diversifying its market presence and enhancing operational leverage. Looking forward, MEC’s management remains focused on integrating Accu-Fab, optimizing operations, and pursuing growth opportunities, though they acknowledge ongoing market uncertainties and have adjusted their full-year guidance accordingly.