MECMayville Engineering Company, Inc.

$386M

Q3 2024 Earnings

Industrials Manufacturing - Metal Fabrication

Income Statement

Revenue

$135M-14.4% YoY

Gross Profit

$17M12.6% margin

Operating Income

$6M4.2% margin

Net Income

$3M2.2% margin

EPS (Diluted)

$0.14

QoQ Revenue Growth

-17.3%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

$15M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$466M

Total Liabilities

$228M

Stockholders' Equity

$238M

Cash & Equivalents

$178,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$135M	$158M	-14.4%
Gross Profit	$17M	$19M	-10.1%
Operating Income	$6M	$6M	-2.8%
Net Income	$3M	$1M	+107.7%

Revenue Segments

Fabrication

$67M49%

Performance Structures

$43M31%

Tubes

$16M12%

Tank

$11M8%

Outdoor Sports

$2M1%

MEC Q3 2024 Earnings — Mayville Engineering Company, Inc. Revenue & Financial Results | Market Cap Arena