secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001558370-22-006859
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000155837022006859/0001558370-22-006859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000155837022006859/tmb-20220503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-006859

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