MEC demonstrated strong operational execution with sequential growth, margin expansion, and significant new business wins. However, these highlights were counterbalanced by substantial year-over-year declines in sales across key markets, reduced margins, and increased operating expenses. Uncertainties in the macroeconomic and regulatory environment also pose challenges for the future.

Company Guidance -

Q2 2025

During the Mayville Engineering Company (MEC) First Quarter 2025 earnings call, the company provided a comprehensive outlook, maintaining its full-year guidance despite a 15.9% year-over-year decrease in total sales for the quarter, which amounted to $135.6 million. This decline was attributed to softer customer demand and inventory destocking. The guidance includes expectations for net sales between $560 million and $590 million, adjusted EBITDA between $60 million and $66 million, and free cash flow between $43 million and $50 million. Notably, the commercial vehicle market, representing 38% of trailing revenues, is expected to experience a low-single-digit decrease, while the military market is anticipated to rise by mid-teens. Free cash flow in the first quarter was $5.4 million, with a net leverage ratio of 1.4 times, and the company projects a reduction in net debt leverage to below 1 times by year-end, excluding M&A activity. Despite challenges, MEC remains focused on cost control and strategic growth, aiming for $100 million in new business wins and exploring M&A opportunities for diversification and enhanced financial profiles.

Sequential Sales Growth and Margin Expansion

MEC's first quarter results included 12% sequential sales growth and an improvement of 140 basis points in adjusted EBITDA margin, driven by strong execution and operational discipline.

Positive Free Cash Flow and Debt Reduction

Generated $5.4 million in free cash flow with a free cash flow conversion of 44% of adjusted EBITDA. The company reduced debt from $143.1 million to $80.6 million, achieving a net leverage ratio of 1.4 times.

Significant New Business Wins

MEC is progressing well toward its annual goal of $100 million in new business wins, with 35 to 40 million booked by end of April, and significant expansion with commercial vehicle customers.

Strong Domestic Manufacturing Presence

Approximately 95% of sales and 92% of sourcing are from within the United States, positioning MEC well to benefit from OEM re-shoring activity accelerated by changes in US Trade Policy.

Military Market Growth

The military market is expected to increase by mid-teens, contributing positively to MEC's performance.

Mayville Engineering Company (MEC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MEC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2025	2025 (Q2)	0.06 / -	0.26	―	―	―
May 06, 2025	2025 (Q1)	0.01 / 0.04	0.22	-81.82% (-0.18)
Mar 04, 2025	2024 (Q4)	-0.08 / -0.07	0.21	-133.33% (-0.28)
Nov 05, 2024	2024 (Q3)	0.24 / 0.21	0.21	0.00% (0.00)
Aug 06, 2024	2024 (Q2)	0.22 / 0.26	0.2	30.00% (+0.06)
May 07, 2024	2024 (Q1)	0.17 / 0.22	0.12	83.33% (+0.10)
Mar 05, 2024	2023 (Q4)	0.17 / 0.21	0.12	75.00% (+0.09)
Oct 31, 2023	2023 (Q3)	0.25 / 0.21	0.32	-34.38% (-0.11)
Aug 01, 2023	2023 (Q2)	0.19 / 0.20	0.29	-31.03% (-0.09)
May 02, 2023	2023 (Q1)	0.21 / 0.12	0.19	-36.84% (-0.07)

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

MEC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 06, 2025	$13.16	$12.85	-2.36%
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%

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.

FAQ

When does Mayville Engineering Company (MEC) report earnings?

Mayville Engineering Company (MEC) is schdueled to report earning on Aug 05, 2025, After Close (Confirmed).

What is Mayville Engineering Company (MEC) earnings time?

Mayville Engineering Company (MEC) earnings time is at Aug 05, 2025, After Close (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 (Q2) is 0.06.

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