MEC FY 2023 Earnings — Mayville Engineering Company, Inc. Revenue & Financial Results | Market Cap Arena

MECMayville Engineering Company, Inc.

$386M

FY 2023 Earnings

Industrials Manufacturing - Metal Fabrication

Income Statement

Revenue

$588M+9.1% YoY

Gross Profit

$70M11.8% margin

Operating Income

$20M3.4% margin

Net Income

$8M1.3% margin

EPS (Diluted)

$0.38

Cash Flow

Operating Cash Flow

$40M

Free Cash Flow

$24M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$497M

Total Liabilities

$267M

Stockholders' Equity

$230M

Cash & Equivalents

$672,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$588M	$539M	+9.1%
Gross Profit	$70M	$61M	+14.1%
Operating Income	$20M	$26M	-21.7%
Net Income	$8M	$19M	-58.1%