---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017127"
form_type: "8-K"
ticker: "MEC"
cik: "0001766368"
company_name: "Mayville Engineering Company, Inc."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:51:06.440934+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MEC Q3 net sales $158.2M (+16.1%); adj. EPS $0.21; reaffirms FY23 guidance

## Summary
- Net sales $158.2M (+16.1% YoY, organic +6.2%); net income $1.4M ($0.07 diluted EPS); adjusted diluted EPS $0.21.
- Adjusted EBITDA $19.2M (12.1% margin); excludes $1.7M Hazel Park ramp loss; record free cash flow $16.1M.
- Reaffirmed FY23 guidance: net sales $580-610M, Adj. EBITDA $66-71M, capex $15-20M; includes MSA contribution.
- Repaid $17.1M of MSA acquisition debt; net debt leverage 2.46x; repurchased $1.0M of stock in Q3.
- UAW strike estimated to reduce Nov. sales by $6-7M and EBITDA by $1-2M per month; included in guidance.

## SEC filing metadata
- accession: 0001558370-23-017127
- form_type: 8-K
- ticker: MEC
- cik: 0001766368
- company_name: Mayville Engineering Company, Inc.
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1766368/000155837023017127/0001558370-23-017127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766368/000155837023017127/tmb-20231031x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017127
- JSON: https://secwatch.observer/filing/0001558370-23-017127.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017127.txt

## Key facts
- Earnings Releases
  Mayville Engineering Company, Inc. reported the three months ended September 30, 2023 results: revenue $158.2 million, net income $1.4 million, EPS $0.07 per diluted share. Guidance initiated.
  - Period: the three months ended September 30, 2023
  - Revenue: $158.2 million
  - Net income: $1.4 million
  - EPS: $0.07 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: THIRD QUARTER 2023 RESULTS (All comparisons versus the prior-year period) ● Net sales of $158.2 million, or +16.1% y/y including organic growth of 6.2% y/y ● Net income of $1.4 million, or $0.07 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766368/000155837023017127/0001558370-23-017127-index.htm

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