MEC Q2 2024 Earnings — Mayville Engineering Company, Inc. Revenue & Financial Results | Market Cap Arena

MECMayville Engineering Company, Inc.

$386M

Q2 2024 Earnings

Industrials Manufacturing - Metal Fabrication

Income Statement

Revenue

$164M+17.7% YoY

Gross Profit

$22M13.6% margin

Operating Income

$8M5.0% margin

Net Income

$4M2.3% margin

EPS (Diluted)

$0.18

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

$19M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$488M

Total Liabilities

$250M

Stockholders' Equity

$238M

Cash & Equivalents

$314,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$164M	$139M	+17.7%
Gross Profit	$22M	$16M	+38.4%
Operating Income	$8M	$4M	+90.7%
Net Income	$4M	$2M	+134.3%

Revenue Segments

Fabrication

$87M51%

Performance Structures

$48M28%

Tubes

$20M12%

Tank

$13M7%

Outdoor Sports

$2M1%