secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001558370-25-010304
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MEC Q2 net sales $132.3M (-19% YoY); GAAP loss $1.1M; lowers FY2025 guidance
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- GAAP net loss $1.1M (-$0.05/share) vs prior yr net income $3.8M; adj EPS $0.10 vs $0.26.
- Net sales $132.3M, down 19% YoY; declines across Commercial Vehicle, Construction, Powersports, Agriculture.
- Ends $2.9M share repurchases; net debt/EBITDA 1.4x; completed Accu-Fab acquisition July 1.
- FY2025 guidance cut: sales midpoint $545M (prior $575M), adj EBITDA midpoint $52M (prior $63M), FCF midpoint $28M (prior $47M).
- Withdraws 2026 Investor Day revenue target of $1B due to market uncertainty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000155837025010304/0001558370-25-010304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000155837025010304/tmb-20250805x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-010304

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer