MEC Q1 2024 Earnings — Mayville Engineering Company, Inc. Revenue & Financial Results | Market Cap Arena

MECMayville Engineering Company, Inc.

$386M

Q1 2024 Earnings

Industrials Manufacturing - Metal Fabrication

Income Statement

Revenue

$161M+13.1% YoY

Gross Profit

$21M13.0% margin

Operating Income

$8M4.7% margin

Net Income

$3M2.0% margin

EPS (Diluted)

$0.16

QoQ Revenue Growth

+8.5%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$8M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$500M

Total Liabilities

$266M

Stockholders' Equity

$234M

Cash & Equivalents

$314,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$161M	$143M	+13.1%
Gross Profit	$21M	$16M	+27.8%
Operating Income	$8M	$5M	+63.4%
Net Income	$3M	$3M	+26.1%

Revenue Segments

Fabrication

$91M54%

Performance Structures

$46M27%

Tubes

$19M11%

Tank

$11M7%

Outdoor Sports

$2M1%