MEC Q1 net sales up 21% to $136.3M; net income $3.8M; CEO to retire Sept 30

Mayville Engineering Company, Inc.

2022-Q1 EPS reported $0.19 revenue$136,252,000

Net sales $136.3M (+21% YoY); net income $3.8M (+50%); diluted EPS $0.19 vs $0.13.
Adjusted EBITDA $14.8M vs $13.0M YoY; reaffirms 2022 guidance: sales $480-530M, Adj EBITDA $58-70M.
CEO Robert D. Kamphuis to retire Sept 30, 2022; no successor named.
Q1 CapEx $13.0M vs $5.6M; credit agreement amended to allow up to $65M CapEx in 2022.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.