MEC Q2 2023 Earnings — Mayville Engineering Company, Inc. Revenue & Financial Results | Market Cap Arena

MECMayville Engineering Company, Inc.

$386M

Q2 2023 Earnings

Industrials Manufacturing - Metal Fabrication

Income Statement

Revenue

$139M+0.5% YoY

Gross Profit

$16M11.6% margin

Operating Income

$4M3.1% margin

Net Income

$2M1.2% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

-2.6%

Cash Flow

Operating Cash Flow

$178,000

Free Cash Flow

-$4M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$529M

Total Liabilities

$303M

Stockholders' Equity

$225M

Cash & Equivalents

$90M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$139M	$138M	+0.5%
Gross Profit	$16M	$18M	-11.8%
Operating Income	$4M	$8M	-49.7%
Net Income	$2M	$6M	-72.8%

Revenue Segments

Fabrication

$84M58%

Performance Structures

$27M19%

Tubes

$19M14%

Tank

$11M8%

Outdoor Sports

$2M2%