MEC Q4 2023 Earnings — Mayville Engineering Company, Inc. Revenue & Financial Results | Market Cap Arena

MECMayville Engineering Company, Inc.

$386M

Q4 2023 Earnings

Industrials Manufacturing - Metal Fabrication

Income Statement

Revenue

$149M+15.6% YoY

Gross Profit

$18M12.3% margin

Operating Income

$5M3.6% margin

Net Income

$2M1.5% margin

EPS (Diluted)

$0.11

QoQ Revenue Growth

-6.1%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$20M

Stock-Based Comp.

$730,000

Balance Sheet

Total Assets

$497M

Total Liabilities

$267M

Stockholders' Equity

$230M

Cash & Equivalents

$672,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$149M	$129M	+15.6%
Gross Profit	$18M	$13M	+40.2%
Operating Income	$5M	$3M	+91.1%
Net Income	$2M	$2M	-6.5%

Revenue Segments

Fabrication

$172M54%

Performance Structures

$83M26%

Tubes

$37M12%

Tank

$22M7%

Outdoor Sports

$4M1%