Mayville Engineering reports Q2 adjusted EPS 10c, consensus 6c

Reports Q2 revenue $132.3M, consensus $137.98M. “Our second quarter results underscore the resilience and strong execution of our team, as we delivered improved Adjusted EBITDA margins compared to the first quarter, despite a challenging customer demand environment” stated Jag Reddy, President and Chief Executive Officer. “Our MBX framework continues to guide our disciplined focus on lean operations and cost management, enabling us to enhance operating leverage and generate strong free cash flow.”