---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-002488"
form_type: "8-K"
ticker: "MEC"
cik: "0001766368"
company_name: "Mayville Engineering Company, Inc."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T03:55:33.638391+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MEC Q4 net sales +15.6% to $148.6M; Adj EBITDA $17.7M; FY2024 guidance issued

## Summary
- Q4 net sales $148.6M (+15.6% y/y), organic growth 6.1%; net income $2.2M ($0.11 diluted EPS), Adj EPS $0.21.
- Full-year 2023 net sales $588.4M (+9.1% y/y); Adj EBITDA $66.1M (11.2% margin); record quarterly FCF $19.9M in Q4.
- UAW strikes reduced Q4 sales ~$5M, Adj EBITDA $1.6M; Hazel Park ramp-up cost $1.3M in Q4.
- FY2024 guidance: net sales $620-640M, Adj EBITDA $72-76M, free cash flow $35-45M.
- MSA acquisition expected to deliver ≥$20M annual synergies by 2026; net leverage target 1.5x-2.0x by end-2024.

## SEC filing metadata
- accession: 0001558370-24-002488
- form_type: 8-K
- ticker: MEC
- cik: 0001766368
- company_name: Mayville Engineering Company, Inc.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1766368/000155837024002488/0001558370-24-002488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766368/000155837024002488/tmb-20240305x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-002488
- JSON: https://secwatch.observer/filing/0001558370-24-002488.json
- Plain text: https://secwatch.observer/filing/0001558370-24-002488.txt

## Key facts
- Earnings Releases
  Mayville Engineering Company, Inc. reported three and twelve months ended December 31, 2023 results: revenue $148.6 million, net income $2.2 million, EPS $0.11 per diluted share. Guidance initiated.
  - Period: three and twelve months ended December 31, 2023
  - Revenue: $148.6 million
  - Net income: $2.2 million
  - EPS: $0.11 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: today announced results for the three and twelve-months ended December 31, 2023. FOURTH QUARTER 2023 RESULTS (All comparisons versus the prior-year period) ​ ● Net sales of $148.6 million, or +15.6% y/y, including organic growth of 6.1% y/y ● Net income of $2.2 million, or $0.11 per diluted share; Non-GAAP Adjusted Diluted EPS of $0.21 ● Adjusted EBITDA of $17.7
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766368/000155837024002488/0001558370-24-002488-index.htm
- Earnings Releases
  Mayville Engineering Company, Inc. reported the three and twelve-months ended December 31, 2023 results: revenue $588.4 million, net income $7.8 million, EPS $0.38 per diluted share. Guidance initiated.
  - Period: the three and twelve-months ended December 31, 2023
  - Revenue: $588.4 million
  - Net income: $7.8 million
  - EPS: $0.38 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: ● Ratio of net debt to trailing twelve-month Adjusted EBITDA of 2.1x as of Dec 31, 2023 FULL-YEAR 2023 RESULTS (All comparisons versus the prior-year period) ​ ● Net sales of $588.4 million, or +9.1% y/y, including organic growth of 4.3% y/y ● Net income of $7.8 million, or $0.38 per diluted share; non-GAAP Adjusted Diluted EPS of $0.79 ● Adjusted EBITDA of $66.1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766368/000155837024002488/0001558370-24-002488-index.htm
- Earnings Releases
  Mayville Engineering Company, Inc. updated its guidance (initiated).
  - Guidance: initiated
  - Result: guidance update
  source text: FULL-YEAR 2024 FINANCIAL GUIDANCE ● Net sales of between $620 million and $640 million ● Adjusted EBITDA of between $72 million and $76 million ● Free Cash Flow of between $35 million to $45 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766368/000155837024002488/0001558370-24-002488-index.htm

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