---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-007662"
form_type: "8-K"
ticker: "MEC"
cik: "0001766368"
company_name: "Mayville Engineering Company, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:44:19.088523+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MEC Q1 net sales $142.6M (+4.7%); adj EBITDA $13.8M, guided FY 2023 $540-580M sales

## Summary
- Net income $2.6M ($0.12 diluted EPS) vs $3.8M ($0.19) y/y; Hazel Park ramp cost $0.10/share.
- Adjusted EBITDA $13.8M (9.7% margin) down 6.3% y/y; ex-Hazel Park +5.6% y/y with 10.9% margin.
- Commercial Vehicle sales +16.3% y/y; Military +65.7% on new programs and Ukraine conflict.
- Full-year 2023 guidance reiterated: net sales $540-580M, adj EBITDA $62-71M, capex $20-25M.
- Net debt/ttm adj EBITDA 1.4x; $196.3M total availability under credit facility.

## SEC filing metadata
- accession: 0001558370-23-007662
- form_type: 8-K
- ticker: MEC
- cik: 0001766368
- company_name: Mayville Engineering Company, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1766368/000155837023007662/0001558370-23-007662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766368/000155837023007662/tmb-20230502x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-007662
- JSON: https://secwatch.observer/filing/0001558370-23-007662.json
- Plain text: https://secwatch.observer/filing/0001558370-23-007662.txt

## Key facts
- Earnings Releases
  Mayville Engineering Company, Inc. reported first quarter ended March 31, 2023 results: revenue $142.6 million, net income $2.6 million, EPS $0.12 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $142.6 million
  - Net income: $2.6 million
  - EPS: $0.12 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: FIRST QUARTER 2023 RESULTS (All comparisons versus the prior-year period) ● Net sales of $142.6 million, or +4.7% y/y ● Net income of $2.6 million, ($1.3) million y/y ● Diluted EPS of $0.12, including a ($0.10) per share impact from the Hazel Park facility ramp
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766368/000155837023007662/0001558370-23-007662-index.htm

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