---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-014440"
form_type: "8-K"
ticker: "MEC"
cik: "0001766368"
company_name: "Mayville Engineering Company, Inc."
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:25:52.407265+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MEC Q3 net sales down 14.4% to $135.4M; cuts FY2024 guidance

## Summary
- Q3 net income $3.0M ($0.14 diluted EPS); adjusted EPS $0.21 flat YoY.
- Net sales decline driven by customer de-stocking across all end-markets; agriculture down 31.1%, military down 36.4%.
- Guidance cut: FY2024 net sales midpoint $585M (from $630M), Adj. EBITDA midpoint $64.5M (from $74M).
- Announced Wautoma, WI plant closure and 12% workforce reduction; expects $1-3M annualized cost savings.
- Received $25.5M gross settlement from former fitness customer lawsuit; to use proceeds for debt paydown and share repurchases.

## SEC filing metadata
- accession: 0001558370-24-014440
- form_type: 8-K
- ticker: MEC
- cik: 0001766368
- company_name: Mayville Engineering Company, Inc.
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1766368/000155837024014440/0001558370-24-014440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1766368/000155837024014440/tmb-20241105x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-014440
- JSON: https://secwatch.observer/filing/0001558370-24-014440.json
- Plain text: https://secwatch.observer/filing/0001558370-24-014440.txt

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