---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007071"
form_type: "8-K"
ticker: "MEC"
cik: "0001766368"
company_name: "Mayville Engineering Company, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:28:43.316516+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MEC Q1 net sales $161.3M (+13.1% YoY), adj EBITDA $18.5M (+33.8%), reaffirms FY2024 guidance

## Summary
- Net sales $161.3M (+13.1% YoY, organic growth 3.3%); net income $3.2M ($0.16 diluted EPS), up 26% YoY.
- Adjusted EBITDA $18.5M, margin 11.5% (+180 bps YoY); adjusted diluted EPS $0.22 vs $0.17.
- Free cash flow $7.9M vs ($8.5M) prior year; repaid $7.9M debt; net debt/adj. EBITDA ~2.0x.
- Powersports sales +25.7% YoY; Construction & Access +7.3%; Commercial Vehicle -0.3%.
- FY2024 guidance reaffirmed: net sales $620-640M, adj EBITDA $72-76M, FCF $35-45M.

## SEC filing metadata
- accession: 0001558370-24-007071
- form_type: 8-K
- ticker: MEC
- cik: 0001766368
- company_name: Mayville Engineering Company, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1766368/000155837024007071/0001558370-24-007071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766368/000155837024007071/tmb-20240507x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007071
- JSON: https://secwatch.observer/filing/0001558370-24-007071.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007071.txt

## Key facts
- Earnings Releases
  Mayville Engineering Company, Inc. reported the three-months ended March 31, 2024 results: revenue $161.3 million, net income $3.2 million, EPS $0.16 per diluted share. Guidance reaffirmed.
  - Period: the three-months ended March 31, 2024
  - Revenue: $161.3 million
  - Net income: $3.2 million
  - EPS: $0.16 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: end markets, today announced results for the three-months ended March 31, 2024. FIRST QUARTER 2024 RESULTS (All comparisons versus the prior-year period) ​ ● Net sales of $161.3 million, or +13.1% y/y, including organic growth of 3.3% y/y ● Net income of $3.2 million, or $0.16 per diluted share, an increase of 26% y/y, or $0.04 per diluted share ● Non-GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/1766368/000155837024007071/0001558370-24-007071-index.htm

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