Accu-Fab Acquisition Integration
Significant progress in integrating the Accu-Fab acquisition, with the sales team engaging with Accu-Fab's customer base. The integration offers a scalable solution for data center and critical power OEMs, leading to a substantial pipeline of over $100 million in opportunities.
Data Center and Critical Power Market Growth
The data center and critical power market is expected to represent 20% to 25% of total revenues in the coming years. Revenue synergy expectations from Accu-Fab have increased to between $20 million and $30 million in 2026, with gross margins approximately 10 percentage points higher than the historical average of 15% to 20%.
Construction & Access Market Growth
Construction & Access market revenues increased 10.1% year-over-year during the quarter, supported by the Accu-Fab acquisition and strong nonresidential activity. Organic net sales growth in this market was 6.2% in the quarter.
Powersports Market Growth
Net sales in the powersports market grew 6.4% year-over-year, driven by transient aluminum-related demand.
New Project Awards
During the third quarter, MEC secured $30 million in new project awards with data center and critical power customers. Year-to-date, total awards across legacy markets reached $90 million, nearing the full-year target of $100 million.
Total Sales and Guidance Reaffirmation
Total sales for the third quarter increased 6.6% year-over-year to $144.3 million. MEC reaffirmed its 2025 financial guidance with expected net sales between $528 million and $562 million.