MEC Q1 2023 Earnings — Mayville Engineering Company, Inc. Revenue & Financial Results | Market Cap Arena

MECMayville Engineering Company, Inc.

$386M

Q1 2023 Earnings

Industrials Manufacturing - Metal Fabrication

Income Statement

Revenue

$143M+4.7% YoY

Gross Profit

$16M11.5% margin

Operating Income

$5M3.3% margin

Net Income

$3M1.8% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

+11.0%

Cash Flow

Operating Cash Flow

-$6M

Free Cash Flow

-$8M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$448M

Total Liabilities

$225M

Stockholders' Equity

$223M

Cash & Equivalents

$126,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$143M	$136M	+4.7%
Gross Profit	$16M	$15M	+10.0%
Operating Income	$5M	$6M	-16.1%
Net Income	$3M	$4M	-32.7%

Revenue Segments

Fabrication

$87M59%

Performance Structures

$27M18%

Tubes

$20M14%

Tank

$11M8%

Outdoor Sports

$2M2%