MEC Q1 2022 Earnings — Mayville Engineering Company, Inc. Revenue & Financial Results | Market Cap Arena

MECMayville Engineering Company, Inc.

$386M

Q1 2022 Earnings

Industrials Manufacturing - Metal Fabrication

Income Statement

Revenue

$136M+21.0% YoY

Gross Profit

$15M10.9% margin

Operating Income

$6M4.1% margin

Net Income

$4M2.8% margin

EPS (Diluted)

$0.19

QoQ Revenue Growth

+20.6%

Cash Flow

Operating Cash Flow

-$425,000

Free Cash Flow

-$13M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$443M

Total Liabilities

$240M

Stockholders' Equity

$203M

Cash & Equivalents

$120,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$136M	$113M	+21.0%
Gross Profit	$15M	$15M	+0.7%
Operating Income	$6M	$4M	+36.8%
Net Income	$4M	$3M	+50.2%

Revenue Segments

Fabrication

$82M58%

Performance Structures

$29M21%

Tubes

$18M13%

Tank

$9M6%

Outdoor Sports

$3M2%