secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001558370-22-011695
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mayville Engineering Q2 net sales up 15% to $138.3M, net income +80% to $5.9M; reiterates FY2022 guidance
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- Net sales $138.3M (+15% YoY), net income $5.9M (+80%), EPS $0.29 vs $0.16.
- Adjusted EBITDA $18.2M vs $14.0M in prior year period.
- Jag Reddy appointed President and CEO, Timothy Christen named non-executive Chair effective July 19.
- Company reiterates FY2022 outlook: net sales $480M-$530M, Adj. EBITDA $58M-$70M.
- Successfully subleased ~one-third of Hazel Park facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000155837022011695/0001558370-22-011695-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000155837022011695/tmb-20220802x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-011695

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