secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001558370-22-015826
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MEC Q3 net sales up 25% to $136.3M; net income $6.6M vs $0.3M; raises FY sales guidance
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- Net income $6.6M ($0.32 EPS) vs $0.3M ($0.01) in Q3 2021.
- Adjusted EBITDA $16.1M, up 61% from $10.0M.
- Net sales $136.3M, driven by improved volumes and pricing.
- 2022 outlook: sales $520-540M, adjusted EBITDA $58-65M; capex $55-65M.
- Hazel Park facility commenced production; filed breach-of-contract lawsuit against former fitness customer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000155837022015826/0001558370-22-015826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000155837022015826/tmb-20221101x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015826

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