MEC Q3 2023 Earnings — Mayville Engineering Company, Inc. Revenue & Financial Results | Market Cap Arena

MECMayville Engineering Company, Inc.

$386M

Q3 2023 Earnings

Industrials Manufacturing - Metal Fabrication

Income Statement

Revenue

$158M+16.1% YoY

Gross Profit

$19M12.0% margin

Operating Income

$6M3.7% margin

Net Income

$1M0.9% margin

EPS (Diluted)

$0.07

QoQ Revenue Growth

+13.8%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

$16M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$525M

Total Liabilities

$298M

Stockholders' Equity

$227M

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$158M	$136M	+16.1%
Gross Profit	$19M	$15M	+23.0%
Operating Income	$6M	$9M	-33.9%
Net Income	$1M	$7M	-78.3%

Revenue Segments

Fabrication

$89M55%

Performance Structures

$42M25%

Tubes

$19M12%

Tank

$12M7%

Outdoor Sports

$2M1%