Mayville Engineering Company (MEC)
NYSE:MEC
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.1Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously optimistic outlook: strong and accelerating demand, bookings, and cross‑selling momentum in the data center and critical power end market (organic growth ~71% YoY, pipeline >$125M, ~$50–$60M of 2026 launches) underpin confidence in revenue growth and improved margins over the remainder of 2026. However, near‑term profitability and cash flow are under pressure from launch costs (~$1.2M), lower legacy volumes (organic sales down ~8.2%), and a substantial increase in net debt (to $219.2M) and leverage (4.4x), which management plans to address through operational execution, selective capital investment, and deleveraging. The positives around secular data center opportunity and raised guidance moderately outweigh the near‑term margin, cash flow, and leverage challenges, but improvements are expected to be second‑half weighted.Company Guidance
Overall Revenue Growth (Including Acquisition)
Total sales for Q1 increased 6.8% year‑over‑year to $144.8 million, driven by the AccuFab acquisition which contributed higher‑margin sales.
Data Center & Critical Power Surge
Organic revenue in data center and critical power grew approximately 71% year‑over‑year. Management reports a qualified pipeline exceeding $125 million and projects scheduled to launch in 2026 of ~$50–$60 million. Company expects data center & critical power to represent more than 20% of 2026 revenue.
Strong New Awards and Bookings Momentum
Secured approximately $50 million in new project awards in Q1 (data center & critical power). Management expects total bookings across all end markets to exceed $150 million for full‑year 2026.
Cross‑Selling Synergies Realized
Cross‑selling between legacy business and AccuFab expected to deliver ~$50–$60 million of incremental revenue in 2026, up materially from single digits pre‑acquisition.
Active Capacity Conversion and Targeted Investments
Converted 6–7 plants to data center manufacturing and placed approximately $55 million of data center product into Hazel Park, which management views as having ~ $100 million total plant capacity. Growth capital investment expected to increase above historical $5–$10 million levels to support launches and selective capacity expansion.
Refined and Maintained Full‑Year Guidance
Raised the low end of full‑year guidance while maintaining the high end: net sales $590–$620 million, adjusted EBITDA $52–$60 million, free cash flow $25–$35 million. Q2 guidance: net sales $145–$155 million; adjusted EBITDA $10–$13 million.
Footprint Optimization and Cost Savings
Consolidated four warehouse locations and one manufacturing facility as part of footprint optimization, expected to generate annualized savings of ~$1–$2 million (already included in outlook).
Operational Execution and Onboarding Discipline
Management highlights improved execution late in Q1 as several data center and critical power programs moved from launch into full production, with improved operating leverage and fixed cost absorption as utilization rises.
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
MEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $22.75 | $23.35 | +2.64% |
Mar 03, 2026 | $21.11 | $19.56 | -7.34% |
Nov 04, 2025 | $17.99 | $16.13 | -10.34% |
Aug 05, 2025 | $16.72 | $14.66 | -12.32% |
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 04, 2026, After Close (Confirmed).
What is Mayville Engineering Company (MEC) earnings time?
Mayville Engineering Company (MEC) earnings time is at Aug 04, 2026, 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 2026 (Q2) is -0.1.