secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001558370-23-002407
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000155837023002407/0001558370-23-002407-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000155837023002407/tmb-20230228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-002407

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