secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001193125-21-235236
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mayville Engineering Q2 2021: Net sales $120.2M, net income $3.3M, guidance reaffirmed
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- Q2 2021 net sales of $120.2M vs $62.6M in Q2 2020, driven by demand recovery and prior-year pandemic shutdowns.
- Net income of $3.3M in Q2 2021 compared to net loss of $1.8M in Q2 2020; adjusted EBITDA $14.0M.
- New 450,000 sq ft facility in Hazel Park, MI on track for early 2022 production; capex guidance $55-65M.
- 2021 outlook confirmed: net sales $470-490M, adjusted EBITDA $48-52M, including $3.5-5.1M launch costs.
- Net debt $46.2M; leverage ratio 1.0x vs covenant max 3.75x; capital expenditures $17M in first half 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000119312521235236/0001193125-21-235236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000119312521235236/d197701d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-235236

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