---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-002407"
form_type: "8-K"
ticker: "MEC"
cik: "0001766368"
company_name: "Mayville Engineering Company, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:27:43.643269+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MEC Q4 net income $2.4M vs loss; FY23 guidance $540-580M sales

## Summary
- Q4 net sales $128.5M (+13.8% YoY); net income $2.4M vs ($13.6M) loss; diluted EPS $0.12 vs ($0.65).
- Full-year 2022 net sales $539.4M (+18.6% YoY); net income $18.7M vs ($7.5M) loss; diluted EPS $0.91 vs ($0.36).
- FY 2023 guidance: net sales $540-580M, Adjusted EBITDA $62-71M, capex $20-25M.
- Adjusted EBITDA Q4 $11.6M (+26.2% YoY); full-year $60.8M (+31.5% YoY).
- Net debt $74.9M; leverage 1.3x; Hazel Park ramp-up costs $2.0M in Q4, ~100 bps margin headwind in 2023.

## SEC filing metadata
- accession: 0001558370-23-002407
- form_type: 8-K
- ticker: MEC
- cik: 0001766368
- company_name: Mayville Engineering Company, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1766368/000155837023002407/0001558370-23-002407-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766368/000155837023002407/tmb-20230228x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-002407
- JSON: https://secwatch.observer/filing/0001558370-23-002407.json
- Plain text: https://secwatch.observer/filing/0001558370-23-002407.txt

## Key facts
- Earnings Releases
  Mayville Engineering Company, Inc. reported three and twelve months ended December 31, 2022 results: revenue $128.5 million, net income $2.4 million, EPS $0.12.
  - Period: three and twelve months ended December 31, 2022
  - Revenue: $128.5 million
  - Net income: $2.4 million
  - EPS: $0.12
  - Result: reported results
  source text: today announced results for the three and twelve-months ended December 31, 2022. FOURTH QUARTER 2022 RESULTS (All comparisons versus the prior-year period) ● Net sales of $128.5 million, or +13.8% y/y ● Net income of $2.4 million, +$15.9 million y/y ● Diluted earnings per share of $0.12, an increase of $0.77 y/y, including the impact of $2.0 million or $0.10 per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766368/000155837023002407/0001558370-23-002407-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.