earnings
confidence high
sentiment negative
materiality 0.70
Q1 net sales $135.6M (-15.9% YoY); net income $20k vs $3.2M; Adj EBITDA $12.2M
Mayville Engineering Company, Inc.
2025-Q1 EPS reported
$0.00
revenue$135,579,000
- Net sales $135.6M, down 15.9% YoY; GAAP net income $20k (diluted EPS $0.00) vs $3.2M ($0.16) prior year.
- Adj. EBITDA $12.2M (9.0% margin) vs $18.5M (11.5%); Adj. diluted EPS $0.04 vs $0.22.
- End-market: Commercial Vehicle -13.7%, Construction & Access -31.4%, Powersports -26.5%, Agriculture -26.9%; Military +6.7%, Other +13.7%.
- FY2025 guidance maintained: Net sales $560M-$590M, Adj. EBITDA $60M-$66M, FCF $43M-$50M.
- FCF $5.4M; net leverage 1.4x; repurchased $1.7M stock; remaining authorization $17.4M.