secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001558370-25-002175
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mayville Engineering Q4 net sales $121.3M, Adj EBITDA $9.2M; FY2025 guidance muted
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- Q4 net sales $121.3M (-18.4% YoY); net income $16.0M ($0.76 diluted EPS) includes $25.5M settlement gain.
- Full-year 2024 net sales $581.6M (-1.2% YoY); Adjusted EBITDA $64.4M (11.1% margin).
- FY2025 guidance: net sales $560-590M, Adj EBITDA $60-66M, FCF $43-50M; H1 demand expected weak.
- End-market declines: construction -34.5%, agriculture -46.5%, powersports -29.1%, commercial vehicle -10.5% YoY.
- Net debt-to-EBITDA 1.3x; repaid $31.8M debt in Q4; repurchased ~$4M stock under $25M authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000155837025002175/0001558370-25-002175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000155837025002175/tmb-20250304x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-002175

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