{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-012744","form_type":"8-K","ticker":"MEC","cik":"0001766368","company_name":"Mayville Engineering Company, Inc.","filed_at":"2023-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.162141+00:00","generated_at":"2026-06-12T18:41:42.783695+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Mayville Engineering Q2 net income drops 73% to $1.6M; raises FY 2023 guidance","bullets":["Net sales $139.0M (+0.5% y/y); net income $1.6M ($0.08 diluted EPS) vs $5.9M ($0.29) prior year.","Adjusted EBITDA $15.3M (11.0% margin), including $1.4M loss from Hazel Park ramp-up; prior year $18.2M (13.1%).","Raises FY 2023 guidance: net sales $580-610M, Adjusted EBITDA $66-71M; expects H2 margin expansion.","Closed acquisition of Mid-States Aluminum for $96M on July 1; anticipates $30-35M sales, $4-6M EBITDA contribution in H2.","Net debt $89.7M, net leverage 1.61x; free cash flow guidance $25-35M for remainder of 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-012744","json":"https://secwatch.observer/filing/0001558370-23-012744.json","markdown":"https://secwatch.observer/filing/0001558370-23-012744.md","text":"https://secwatch.observer/filing/0001558370-23-012744.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1766368/000155837023012744/0001558370-23-012744-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1766368/000155837023012744/tmb-20230801x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T18:41:42.783695+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"df8a41c85dcd3c957e64a6a570125cbec16cc4d4","claim":"Mayville Engineering Company, Inc. reported the three months ended June 30, 2023 results: revenue $139.0 million, net income $1.6 million, EPS $0.08 per diluted share. Guidance raised.","evidence_excerpt":"diverse end-markets, today announced results for the three months ended June 30, 2023. SECOND QUARTER 2023 RESULTS (All comparisons versus the prior-year period) ● Net sales of $139.0 million, or +0.5% y/y ● Net income of $1.6 million, or $0.08 per diluted share ● Non-GAAP Adjusted Diluted EPS of $0.20 ● Adjusted EBITDA of $15.3 million, including a $1.4 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1766368/000155837023012744/0001558370-23-012744-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Revenue","value":"$139.0 million"},{"label":"Net income","value":"$1.6 million"},{"label":"EPS","value":"$0.08 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}