secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001558370-25-006510
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q1 net sales $135.6M (-15.9% YoY); net income $20k vs $3.2M; Adj EBITDA $12.2M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000155837025006510/0001558370-25-006510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000155837025006510/tmb-20250506x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-006510

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